Clarity Files Drill Permit Application FOR LITHIUM381 Project
Vancouver, B.C. (CSE: CMET, OTC: CLGCF, FSE: 27G0)
CLARITY FILES DRILL PERMIT APPLICATION FOR LITHIUM381 PROJECT
Vancouver, BC – January 18, 2023, Clarity Metals Corp. (“Clarity” or the “ Company”) (CSE: CMET , OTC:
CLGCF, FSE: 27G0) is pleased to report it has submitted a drill permit application after receiving positive
preliminary resistivity results from a recently completed IP/Resistivity survey over a portion of the
Lithium381 property (see Clarity news release dated January 17, 2023) (the “Property”) located in Quebec
adjacent to Allkem Limited’s James Bay Lithium Property.
The drill permit includes locations for 27 drill pads. The Company has begun planning a drilling program
which will be further constrained as results of addition al geophysical and remote sensing surveys are
received. The drilling permit is laid out to test a target interpreted from preliminary results from a recently
completed IP/Resistivity survey which identified a 1.5 km EW -oriented area of relative high resist ivity
values (Figure 1).
James Rogers CEO of Clarity comments: “ We are please to be progressing our exploration efforts and to
have filed a permit application that would enable us to drill test the recently identified resistivity target
on the Lithium381 project.”
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Figure 1 Preliminary resistivity results on Lithium381 Project and Allkem Limited’s 2008 IP Resistivity
survey in the area of their open pit. Note the surveys are at different scales.
The Lithium381 Property
The Property is located in Northern Quebec, Canada, approximately 3 km from the James Bay Road and
the service station at KM381 which provides infrastructure to the local area.
The 21 mineral claims comprising the 1107 ha property are contiguous with Al lkem Limited’s James Bay
Lithium Property hosting a deposit with Indicated resources of 40.8 Mt @1.40% Li 2O. The James Bay
Lithium deposit is a lithium bearing pegmatite, which is slated to start construction in Q1 2023. (Source:
Allkem Feasibility Study filed by Allkem on SEDAR on January 11, 2022). See Figure 2.
The Property has not previously been explored for lithium bearing pegmatites but is underlain primarily
by amphibolite facies metasedimentary and minor metavolcanic rocks of the Lower Eastmain G roup of
the Eastmain Greenstone belt in the northeastern part of the Superior Province; the same host rocks of
the adjacent James Bay Lithium Deposit.
Quebec has become a favourable jurisdiction for critical mineral exploration investment with its ‘2030
Plan for a Green Economy’ targeting a reduction in carbon emissions as well as its ‘Plan for Development
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of Critical and Strategic Minerals (2020 -2025)’ which includes commitments to share financial risk and
plans to improve infrastructure for projects in Northern Quebec.
Clarity recently entered into an option agreement to earn an undivided 50% right, title, ownership and
beneficial interest of the Lithium381 Property from Genius Metals Inc ., an arm’s length public company
listed on the TSX Venture Exchange (“TSXV”) (See Clarity news release of Dec 7, 2022).
Figure 2 Location of Lithium381 Project showing nearby properties and total pit out line on Allkem’s
James Bay Lithium Project from the Allkem Feasibility Study.
Qualified Person
Mr. Rory Kutluoglu P. Geo., a member of the advisory board and a consultant of the Company, is a
Qualified Person as defined in National Instrument 43 -101 – Standards of Disclosure for Mineral Projects
and has reviewed the technical information in this news release.
About Clarity
Clarity Metals Corp. is a Canadian mineral exploration project generator company focused on the
acquisition, exploration and developmen t of precious and base metals projects. Clarity’s exploration
mandate is global and focused on countries with established legal and regulatory systems supporting
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mining investment. The Company is based in Vancouver, British Columbia, and is listed on the C SE under
the symbol “CMET”.
Clarity recently entered into an option agreement to acquire 50% of the Lithium381 Project adjacent to
Allkem Limited’s (“Allkem”) James Bay Lithium feasibility stage project . See Clarity news release dated
December 7, 2022.
The Company was also recently assigned an option to acquire 100% of the Fecteau project located in the
prolific Abitibi gold belt adjacent to Osisko Mining’s Windfall project. See Clarity news release dated
November 22, 2022.
Additionally, Clarity has title on several early-stage projects in British Columbia and Newfoundland:
• Empirical Gold Copper Molybdenite Property (10,518 ha) – Lillooet, B.C.
• Tyber Gold Copper Silver Property (928 ha) – Southeast Vancouver Island, B.C.
• Gretna Green Gold Copper Silver Property (1,331 ha) - Port Alberni, Vancouver Island, B.C.
• Harp Lake Nickel Property (3,452 ha) – Labrador, NL
• Eddies Cove MVT Property (450 ha) –NW Newfoundland
• Hare Bay Nickel Property (750 ha) –NW Newfoundland
To learn more about Clarity Metals Corp. and its projects please visit www.claritygoldcorp.com.
ON BEHALF OF THE BOARD
“James Rogers”
Chief Executive Officer
Tel: 1 (833) 387-7436
Email: [email protected]
Website: www.claritygoldcorp.com
This news release contains forward-looking statements. All statements, other than statements of historical fact that
address activities, events or developments that the Company believes, expects or anticipates will or may occur in the
future are forward- looking statements. Forward -looking statements in this news release include statements
regarding: the exploration program on the Property; targets that may be generated from the exploration program
and the fact the Lithium381 property is a project with favourable underlying geology adjacent to Allkem’s world class
lithium deposit and that it hosts the same rocks and geological structure. The forward-looking statements reflect
management’s current expectations based on information currently available and are subject to a number of risks
and uncertainties that may cause outcomes to differ materially from those discussed in the forward -looking
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statements including: that the Property may not host any lithium at all or any commercially viable grades of lithium;
that the Property may not host any lithium resources like Allkem’s adjacent property; that the Company may not
complete the exploration or a drilling program on the Property as proposed; adverse market conditions; and other
factors beyond the control of the parties. Although the Compan y believes that the assumptions inherent in the
forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance
and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that
could cause actual results or events to differ materially from current expectations include general market conditions
and other factors beyond the control of the Company. The Company expressly disclaims any intention or obligation
to u pdate or revise any forward -looking statements whether as a result of new information, future events or
otherwise, except as required by applicable law.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved o f the
contents of this press release.