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LiCoEnergyMetals.com  

LiCo  Energy  Metals  Prepares  Lithium  Brine  Drilling  Program  at  Salar  de  Atacama,  Chile  

PRESS  RELEASE  

April  19,  2017:  Vancouver,  British  Columbia;  -­‐  LiCo  Energy  Metals  Inc.  (the  “Company  “or  “LiCo”)  TSX-­‐V:  

LIC;   OTCQB:   WCTXF   is   pleased   to   announce   that   Company   representatives   are   currently   in   Chile  

finalizing   details   for   the   upcoming   lithium   brine   exploration   program   at   the   Purickuta   Project   located  

within  the  Salar  de  Atacama,  Chile.    

The   plan   first   calls   for   completion   of   a   detailed   Transient   Electromagnetic   Method   (TEM)   geophysical  

survey.    This  type  of  survey  provides  detailed  information  on  sub-­‐surface  conductive  layers  that  can  be  

used   to   prioritise   the   most   optimum   drilling   locations.     Drilling   to   depths   of   approximately   200m   will  

commence  shortly  thereafter  or  as  soon  as  the  requisite  exploration  permits  have  been  issued.    This  will  

be   followed   by   a   detailed   engineering   and   hydrological   study   that   includes   72hr   flow   testing,  porosity  

measurements  and  calculation  of  potential  reserve  values.    An  RFP  for  drilling  quotes  will  be  issued  this  

coming  week.  

“It   is   with   great   anticipation   that   we   approach   the   start   of   our   exploration   program   in   the   Salar   de  

Atacama,  famous  for  its  Lithium  production  by  our  neighbors  SQM  and  Albemarle.    If  all  goes  well,  we  

are  hoping   to   have   success   with   our   project.     Several   direct   extraction   technologies   are   now   being  

developed   which   would   be   an   ideal   fit   for   the   Purickuta   Project.”   commented   Mr.  Dwayne   Melrose,  

Director  and  Head  of  the  Technical  Advisory  Board  of  LiCo.    

The  Company  holds  an  option  to  acquire  up  to  a  60%  interest  in  the  Purickuta  Exploitation  concession  

(the  “Property”).    The  technical  content  of  this  news  release  has  been  reviewed  and  approved  by  Alan  

Morris  CPG  and  Qualified  Person.  

About  LiCo  Energy  Metals:  https://licoenergymetals.com/  

LiCo  Energy  Metals  Inc.  is  a  well  funded  Canadian  based  exploration  company  who's  primary  listing  is  on  

the  TSX  Venture  Exchange.  The  Company's  focus  is  directed  towards  exploration  for  high  value  metals  

integral  to  the  manufacture  of  lithium  ion  batteries.  

Chile  Purickuta  Lithium  Project:    

The   Purickuta   Project   is   located   within   Salar   de   Atacama,   a   salt   flat   encompassing   3,000   km2,   being  

about  100  km  long,  80  km  wide  and  home  to  approximately  37%  of  the  worlds  Lithium  production.      The  

salar  possesses  a  very  high  grade  of  both  Lithium  (1,840mg/l)  and  Potassium  (22,630mg/l  and  is  close  to  

power,  labour,  communications,  transportation  and  other  infrastructure.    The  property  of  160  hectares  

is   enveloped   by   a   concession   owned   by   Sociedad   Quimica   y   Minera   (“SQM”)   and   lies,   significantly,  

within  a  few  kilometers  of  the  property  of  CORFO  (the  Chilean  Economic  D evelopment  Agency)  where  

its   leases   to   both   SQM   and   Albermarle’s   Rockwood   Lithium   Corp   Together   these   two   companies   have  

combined  production  of  over  62,000  tonnes  of  LCE  (Lithium  Carbonate  Equivalent)  annually  making  up  

100%  of  Chile’s  current  lithium  output.    The  unique  characteristics  of  Salar  de  Atacama  make  finished  

lithium  carbonate  easier  and  cheaper  to  produce  than  any  of  its  peer  group  globally.  

  2  

Purickuta   is   a   smaller   exploitation   concession   rather   than   a   large   exploration   concession   thereby  

accelerating  the  task  of  taking  the  project  to  production  once  a  measured  reserve  can  be  established.    

Currently,  the  Chilean  government  retains  ownership  of  lithium  separate  from  other  minerals  and  thus  

production  can  only  proceed  upon  receipt  of  a  special  lithium  operation  contract  know  as  a  “CEOL”.      In  

the   future,   it   will   be   necessary   for   LiCo   and   partner   to   negotiate   a   production   contract   with   CORFO  

concurrently  with  completing  any  positive  feasibility  study.    “Chile,  which  has  one  of  the  world's  most  

plentiful   supplies   of   lithium,   is   pushing   ahead   with   new   policies   to   develop   those   reserves”.   (Reuters  

Jan2,  2017).  

Ontario  Teledyne  Cobalt  Project:  

The   Company   has   an   option   to   earn   100%   ownership,   subject   to   a   royalty,   in   the   Teledyne   Project  

located  near  Cobalt.  Ontario.    The  Property  adjoins  the  south  and  west  boundaries  of  claims  that  hosted  

the  Agaunico  Mine.    From  1905  through  to  1961,  the  Agaunico  Mine  produced  a  total  of  4,350,000  lbs.  

of  cobalt  and  980,000  oz.  of  silver.  A  significant  portion  of  the  cobalt  that  was  produced  at  the  Agaunico  

Mine   located   along   structures   that   extended   southward   onto   property   currently   under   option   to   LiCo  

Energy  Metals.      

Nevada  Dixie  Valley  Lithium  Project:  

The   Company   has   an   option   to   acquire   a   100%   interest,   subject  to   a   3%   NSR,   on   a   large   lithium  

exploration   project   at   the   Humboldt   Salt   Marsh   in   Dixie   Valley,   Nevada.   The   geologic   setting   and  

presence  of  lithium  in  active  geothermal  fluids  and  surface  salts  in  Dixie  Valley  match  characteristics  of  

producing  lithium  brine  deposits  at  Clayton  Valley,  Nevada  and  in  South  America.    

Nevada  Black  Rock  Desert  Lithium  Project:  

The  Company  has  entered  into  an  option  agreement  whereby  the  Company  may  earn  an  undivided  70%  

interest,   subject   to   a   3%   Net   Smelter   Return   Royalty,   in  the   Black   Rock   Desert   Lithium   Project   that  

consists   of   128   placer   claims   (2,560   acres/   1,036   hectares)   in   southwest   Black   Rock   Desert,   Washoe  

County,  Nevada.  

The  Company  is  planning  an  exploration  programs  for  all  its  properties  over  the  next  several  months.  

On  Behalf  of  the  Board  of  Directors  

Rick  Wilson,  President  &  CEO  

Neither   the   TSX   Venture   Exchange   nor   its   Regulation   Services   Provider   (as   that   term   is   defined   in   the  

policies  of  the  TSX  Venture  Exchange)  accepts  responsibility  for  the  adequacy  or  accuracy  of  this  release.  

Disclaimer  for  Forward-­‐Looking  Information:  

This   news   release   may   contain   forward-­‐looking   statements   which   include,   but   are   not   limited   to,  

comments  that  involve  future  events  and  conditions  such  as  Exchange  approval  of  the  Option  Agreement  

and   the   Company’s   ability   to   exercise   the   Option,   which   are   subject   to   various   risks   and   uncertainties.  

Except   for   statements   of   historical   facts,   comments   that   address   resource   potential,   upcoming   work  

programs,  geological  interpretations,  receipt  and  security  of  mineral  property  titles,  availability  of  funds,  

and  others  are  forward-­‐looking.  Forward-­‐looking  statements  are  not  guarantees  of  future  performance  

and   actual   results   may   vary   materially   from   those   statements.   General   business   conditions   are   factors  

that  could  cause  actual  results  to  vary  materially  from  forward-­‐looking  statements.