ROCK Edge Expands ON Pag North Lithium Project
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ROCK EDGE EXPANDS ON PAG NORTH LITHIUM PROJECT
Vancouver, British Columbia, April 17, 2023: Rock Edge Resources Ltd. (the "Company" or "Rock
Edge") (CSE: REDG) is pleased to announce the Company has increased its land claim holdings
in the Pag North Lithium Project located east of LongLac, northwestern Ontario. With the recent
addition of approximately 2,413 hectares, Rock Edge now holds 6,345 hectares in the Pag North
Lithium Project. For additional information on the initial acquisition, please refer to the Company’s
news release dated February 7, 2023.
Charles Desjardins, CEO of Rock Edge, states , " The Georgia Lake Pegmatite field is a
promising source of high-grade lithium in North America, critical for the transition to a low -
carbon future. Rock Edge has continued to add to its Georgia Lake Lithium Pegmatite land
position, highlighting the importance of sustainable energy solutions for electric vehicles a nd
energy storage. With their expertise, Rock Edge aims to unlock the project's full potential and
contribute to meeting the growing demand for these crucial technologies.”
Pag North Lithium Property
The Pag North Lithium Project consists of 9 mining claims. The property lies within 500 m of the
terrane boundary between the East Wabigoon and Quetico subprovinces. These terrane boundaries
are integrally related to the location of northwestern Ontario lithium deposits and occurrences, as
they act as deep -seated sutures for parental granitic melts (Breaks et al., 2003 1) (Figure 1). The
property hosts a S -type peraluminous muscovite granite (Pagwachaun pluton) in contact with
metasediments. Metasediments make excellent exo -contact hosts for rare -element pegmat ites.
Several muscovite bearing pegmatites were mapped by the OGS in Map 26492 in 1983, hosted
within the Pagwachaun pluton and within the metasediments. This is a promising sign that the S -
type peraluminous granite has fractionated and deposited pegmatite s within the exo -contact.
Further to add to the merit of the property is the Pagwachaun fault along the north shore of the
Pagwachaun Lake, providing structure and fracture systems for parental melts.
The Transaction
Rock Edge signed the second Pag North Lithium option agreement to acquire a 100% undivided
interest in the property from two third parties, Gravel Ridge Resources Ltd. and 1544230 Ontario
Inc. (the “Optionors”). Pursuant to the agreement, the payment of $10,000 and the issuanc e of
400,000 common shares of the Company will be made 50% to Gravel Ridge and 50% to 1544239
Ontario Inc. in accordance with the following schedule:
• Cash Payment: make one (1) cash payment to Gravel Ridge and 1544230 totalling
$10,000.00; and
• and issue 4 00,000 commons shares of the Company upon approval of the Canadian
Securities Exchange
The Optionors will retain a 1.5% net smelter royalty ("NSR") on the property, of which Rock Edge
can purchase 0.5% of the NSR for $600,000.
References
1. Breaks, F.W. , Selway, J.B. and Tindle, A.G. 2003. Fertile peraluminous granites and related
rare-element mineralization in pegmatites, Superior Province, northwest and northeast Ontario:
Operation Treasure Hunt; Ontario Geological Survey, Open File Report 6099, 179p.
2. Amuken, S.E., 1983. Klob Lake: Ontario Geological Survey Map 2469, Precambrian Geology
Series, scale 1 inch to ½ mile, Geology 1979.
Qualified Person
The technical content of this news release has been reviewed and approved by Mike Kilbourne, P.
Geo., who is an independent Qualified Person (QP) as defined in National Instrument 43 -101,
Standards of Disclosure for Mineral Projects
Private Placement
Rock Edge further announces it has arranged a non-brokered private placement of up to 5.0 million
units ("Units") at a price of $0.07 per Unit for aggregate gross proceeds of up to $350,000.00 (the
"Offering"). Each Unit will be comprised of one common share ("Share") and one transferable
share purchase warrant ("Warrant") of the Company. Each Warrant will entitle the holder to
purchase one Share of the Company at a price of $0.12 per Share for a period of 24 months from
the date of issuance. Proceeds raised from the Offering will be used for exploration activities on
the Company’s lithium properties in Ontario and Quebec for general working capital and
unallocated funds as per Tier 2 status requirements.
About Rock Edge Resources Ltd.
Rock Edge Resources Ltd. is focused on acquiring and exploring mineral property assets, with a
specific emphasis on the Northwestern Ontario Lithium belt and the province of Quebec. Its
objective is to locate, develop and bring to market economically viable properties that contain
critical minerals, base metals and precious metals. With the support of the Ontario government's
Critical Minerals Strategy, Rock Edge is poised to take advantage of the growing demand for these
essential minerals and contribute to the region's economic growth.
On Behalf of the Board of Directors
Charles Desjardins
Chief Executive Officer and Director
Phone #604-808-3156
Email: [email protected]
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" (as defined
under applicable securities laws), based on management's best estimates, assumptions, and current
expectations. Such statements include but are not limite d to, statements with respect to the plans for future
exploration and development of the Company’s properties and the acquisition of additional exploration
projects. Generally, these forward -looking statements can be identified by the use of forward -lookin g
terminology such as "expects", "expected", "budgeted", "forecasts", "anticipates" "plans", "anticipates",
"believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and
similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur.
These statements should not be read as guarantees of future performance or results. Such statements involve
known and unknown risks, uncertainties and other factors that may cause actual results, performance or
achievements to be materially different from those expressed or implied by such statements, including but
not limited to: risks related to the receipt of all necessary regulatory and third party approvals for the
proposed operations of the Company’s business and exploration activities, risks related to the Company’s
exploration properties; risks related to international operations; risks related to general economic conditions,
actual results of current exploration activities, unantic ipated reclamation expenses; changes in project
parameters as plans continue to be refined; fluctuations in prices of commodities including lithium and gold;
fluctuations in foreign currency exchange rates, increases in market prices of mining consumables, possible
variations in reserves; failure of plant, equipment or processes to operate as anticipated; accidents, labour
disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry;
delays in the completion of exploration, development or construction activities, changes in national and
local government regulation of mining operations, tax rules and regulations, and political and economic
developments in jurisdictions in which the Company operates. . Although the Company has attempted to
identify important factors that could cause actual results to differ materially from those contained in
forward -looking statements, there may be other factors that cause results not to be as anticipated, estimated
or intended. There can be no assurance that such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements. The forward -looking
statements and forward -looking information are made as of t he date hereof and are qualified in their entirety
by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or
to publicly announce the result of any revisions to any forward -looking statements or forward -look ing
information contained herein to reflect future results, events or developments, except as require by law.
Accordingly, readers should not place undue reliance on forward -looking statements and information. Please
refer to the Company's most recent fili ngs under its profile at www.sedar.com for further information
respecting the risks affecting the Company and its business.