Far Resources strengthens advisory board with a focus on future growth opportunities in the battery and technology sector
Far Resources Ltd.
201-2691 Viscount Way
Richmond, BC V6V 2R5
Far Resources strengthens advisory board with a focus on
future growth opportunities in the battery and technology
sector
March 6, 2019
TORONTO, CANADA – Far Resources Ltd (CSE:FAT) (FSE:F0R) (OTC:FRRSF) is pleased to announce that it
will be assisted by technology and consulting firm BattMat Technologies Inc. to create an advanced strategy for
marketing Far’s lithium resources, identifying new technology-driven trends in battery materials, and identifying
potential partners and resource acquisitions for battery metals and related technologies.
BattMat will be represented on Far’s Advisory Board by Lee Wheelbarger and Roger Wagner, who will bring their
unrivalled expertise to Far’s team to help guide the company’s growth in this rapidly expanding sector.
“It is a fantastic opportunity and honour to be able to work with BattMat and these two greatly respected industry
experts as part of our team,” said Far President and CEO, Toby Mayo. “Expanding the company’s strategy into
the battery and related technology sector will set us apart in what is an increasingly crowded lithium exploration
market, bringing value to our shareholders through exposure to this high-growth sector. All forecasts point
towards a huge surge in demand for batteries and their raw materials, and this agreement will bring unique insight
into how to tap that growth.”
As with the company’s recent financing with Alumina, this partnership will allow Far to advance its excellent
Canadian hard rock lithium assets but with an eye on future developments, allowing it to identify industry trends
well in advance of our peers and strengthening its strategic standing and recognition within the battery and
technology industries.
K. LEE WHEELBARGER
Lee Wheelbarger has over 30 years experience in Research, Development, Test & Evaluation (RDT&E) of
battery-centered, high-reliability hybrid power systems and electronics, including cutting-edge systems for critical
infrastructure, military and marine applications, and is responsible for dozens of patents and inventions. As Senior
Technologist and Lead Technical Integrator for the U.S. Army Dismounted Battlespace Battle Lab (DBBL), Fort
Benning, Georgia, he managed a budget of over $400MM, evaluated dozens of systems and led the testing and
integration of the first battlefield-ready “MilSpec” (1342B 2) hybrid battery-generator system. Mr. Wheelbarger
subsequently oversaw the design and testing of mobile auxiliary battery-based systems that have been
successfully installed in hundreds of police, emergency and utility vehicles, including ambulances. He currently
designs and consults on hybrid solar generator systems that incorporate battery storage using best-of-breed
Far Resources Ltd.
201-2691 Viscount Way
Richmond, BC V6V 2R5
lithium batteries to provide reliable power for critical infrastructure, mobile power and telecommunications
applications. He is also managing a project to test sustained solar-battery propulsion and auxiliary power for
vessels.
ROGER B. WAGNER
Roger Wagner has acted as legal and strategic advisor to leading energy and resource companies over his 35 -
year plus career, including as in-house counsel to the renewable energy subsidiary of a Fortune 200 company,
senior partner in the energy and resource practice of two international law firms and an advisor to companies
developing renewable energy, unconventional gas exploration technology, multi -minerals deposits and renewable
power. He has counselled companies and government clients of The World Bank, The Asian Development Bank
and US AID on reform of the energy and resource sectors, renewable energy and project development and
finance. He is currently an advisor to a hybrid power solutions company, a solar energy technology company and
an advisor/sponsor of a project to convert vessels to solar-battery power. He was educated at Yale and the
University of Virginia School of Law.
About Far
Far Resources Ltd. is a Canadian battery and technology metals exploration and development company with
projects in Canada and the USA. More information on Far is available at www.farresources.com.
Information Contact
Terri Anne Welyki
+1-833-327-7377
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and
accepts no responsibility for the adequacy or accuracy hereof.
Forward Looking Statements
This news release contains forward-looking statements, and forward-looking information (collectively, “forward-
looking statements”) within the meaning of applicable Canadian and U.S. securities legislation, including the
United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical
fact, included herein including, without limitation, the future draw-downs under the Facility, the anticipated use of
proceeds from the Facility, the planned exploration for the Hidden Lake project and the Zoro lithium property, and
the anticipated business plans and timing of future activities of the Company are forward looking statements and
reflect management’s current expectations and assumptions. Such forward-looking statements reflect
management’s current beliefs and are based on assumptions made by and information currently available to the
Company, including without limitation, that market fundamentals will result in sustained lithium demand and
Far Resources Ltd.
201-2691 Viscount Way
Richmond, BC V6V 2R5
prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future
development of the Company’s mineral properties in a timely manner, the availability of financing on suitable
terms for the development, construction and continued operation of the Company projects, and the Company’s
ability to comply with environmental, health and safety laws.
Readers are cautioned that these forward looking statements are neither promises nor guarantees of future
results or performance, and are subject to risks and uncertainties that may cause future results to differ materially
from those expected as a result of various factors, including, the ability of the Company to close any future
Tranches under the Facility, operating and technical difficulties in connection with mineral exploration and
development activities, actual results of exploration activities, the estimation or realisation of mineral reserves and
mineral resources, the timing and amount of estimated future production, the costs of production, capital
expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future
prices of lithium, changes in general economic conditions, changes in the financial markets and in the demand
and market price for commodities, lack of investor interest in future financing, accidents, labour disputes and
other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the
completion of development or construction activities, changes in laws, regulations and policies affecting mining
operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or
authorisations, including acceptance by the CSE, as applicable, required for future exploration activities or the
acquisition of additional mineral properties, the timing and possible outcome of any pending litigation,
environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties
disclosed in the Company’s latest interim Management Discussion and Analysis and filed with certain securities
commissions in Canada.
All of the forward-looking statements made in this news release are qualified by these cautionary statements and
those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking
statements are made as of the date hereof and the company does not assume any obligation to update or revise
them to reflect new events or circumstances save as required under applicable securities legislation. This news
release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under
the securities laws of such jurisdiction.