Clarity Obtains Drill Permit FOR LITHIUM381 Project
Vancouver, B.C. (CSE: CMET, OTC: CLGCF, FSE: 27G0)
CLARITY OBTAINS DRILL PERMIT FOR LITHIUM381 PROJECT
Vancouver, BC – February 8, 2023, Clarity Metals Corp. (“Clarity” or the “ Company”) (CSE: CMET, OTC:
CLGCF, FSE: 27G0) is pleased to report it has received the drilling permit previously announced on January
18, 2023 for the Lithium381 Property (the “ Property”) located in Quebec adjacent to Allkem Limited’s
James Bay Lithium Property.
The drilling permit specifies the location of 27 drilling pad s focusing on a target interpreted from
preliminary results produced by a recently completed IP/Resistivity survey which indicates a 1.5 km E-W
oriented area of relative high resistivity values . Additional data obtained from a remote sensing survey
and a triaxial magnetometer survey further refined the target. See figure 1 for an overview of the target
area.
James Rogers CEO of Clarity comments: “We are continuing to progress rapidly with the evaluation of this
target and are pleased to have received this pe rmit which will enable drill testing on the Lithium381
Property”
Clarity and Genius Metals Inc. are currently reviewing contractor’s proposals and support logistics to
establish timing of a proposed drill program of up to 2000m.
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Figure 1 Target area where drill permit has been received on the Lithium381 Property.
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Figure 2 Location of Lithium381 Project showing nearby properties and total pit outline on Allkem’s
James Bay Lithium Project from the Allkem Feasibility Study.
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 Allkem 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 Group 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).
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 development of precious and base metals projects. Clarity’s exploration
mandate is global and focused on countries with established legal and r egulatory systems supporting
mining investment. The Company is based in Vancouver, British Columbia, and is listed on the CSE 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 also recently acquired 100% of the Fecteau project located in the prolific Abitibi gold belt
adjacent to Osisko Mining’s Windfall project. See Clarity news release dated February 1, 2023.
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.
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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 thos e discussed in the forward- looking
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 program on the Property as proposed; adverse market conditions; and other factors beyond
the control of the parties. Although the Company 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 cur rent expectations include general market conditions and other
factors beyond the control of the Company. The Company expressly disclaims any intention or obligation to update
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 of the
contents of this press release.