ROCK Edge Resources Signs LOI T O Acquire the Val-D’Or East Lithium Project
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ROCK EDGE RESOURCES SIGNS LOI T O ACQUIRE
THE VAL-D’OR EAST LITHIUM PROJECT
Vancouver, British Columbia, March 20, 2023, Rock Edge Resources (“Rock Edge ”, or the
“Company ”) is pleased to announce that is has entered into an arm’s length letter of intent ("the
LOI") to acquire all of the issued and outstanding securities or all or substantially all of the assets
of 1403437 BC LTD , including but not limited to the Val -d’Or East Mineral Claims (the
“Property” ) in the Province of Quebec , Canada . The Property consist s of 90 mining claims
covering approximately 5,292 hectares or 53 square km. The Property is located 30 km southeast of Val-
d’Or, accessible via the regional 117 highway.
The Property is located approximate ly 65 km southeast from The NAL Lithium Processing Plant (A
Piedmont/Sayona Joint Venture), which just announced it produced its first batch of spodumene concentrate
(SC6)1 and 30km southwest of Val -d’Or, a logistics hub for mining service. Sayona is also planning for
commission of a refinery outputting Lithium Hydroxide approximately 70km southeast of the Property and
a third refinery near Becancour some 200km southeast of the Rock Edge’s Val d’Or East Lithium Project.
Quebec will have the only rock to finished battery grade lithium Carbonate and Hydroxide outside of Asia,
making Quebec the foremost lithium production hub outside of Asia.
The Property is contiguous to Sayona Mining Limited ’s (ASX: SYA) property and to Brunswick
exploration property. Th e Property lies chiefly on the metagraywackes of the Pontiac Geological
Subprovince. The Réservoir Decelles Batholith is located 1-3km away from the Property and consists of a
heterogeneous granite which contain muscovite-pegmatites. The vicinity of the Property was prospected for
Cu-Ni (Lac Granet, Lac Louvicourt-South and Céré-Villebon) and the search for pegmatites were ignored
until very recently.
The Lac-Granet showing, located on Sayona Mining Limited’s claims is located 3km away from the west
limit of the Property and 10km north of the Réservoir Decelles Batholith. A drill program by Canadian
Malartic Gold Mines Ltd. in 1955 (GM03673) documented several intercepts of aplite and fine grained
granitic dykes as well as pegmatites with greenish muscovite. These pegmatites are likely linked to the
batholith being formed at its margin. Such pegmatites a re interpreted to being produced during late stages
of crystallization, which is a primary condition to form LCT (lithium -tantale-ceasium) pegmatites. The
presence of muscovite mineral is also indicative of later stages of crystallization, a key indicative mineral
for lithium -bearing pegmatites. Underexplored areas surrounding the Réservoir Decelles Batholith may
therefore be considered prospective as they are susceptible to contain LCT type of pegmatites.
Additionally, anomalous lake bottom sediments in Li are found within the Property (5.2 ppm Li, 6.6
ppm Li) or less than 300 m away from its limits (10.2 ppm Li).
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Terms of the proposed transaction are cash payments of $30,000 upon closing of the proposed transaction,
$30,000 due upon the one year anniversa ry of closing of the proposed acquisition and the issuance of
750,000 units of the Company (the “Consideration Units”) at a deemed price of $0.10 per Consideration
Unit. The Consideration Units will consist of (a) 750,000 common shares of the Company (the “Unit
Shares”), and (b) 750,000 common share purchase warrants of the Company (the “ Unit Warrants ”)
entitling holders to purchase one common share of the Company with an exercise price of $0.20 per common
share and expiring 3 years from the closing date of the proposed transaction.
Completion of the proposed transaction is subject to a number of conditions, including, but not limited to,
execution of a definitive agreement and Canadian Securities E xchange acceptance . There can be no
assurance that the definitive agreement will be executed or that the proposed transaction will be completed
as proposed or at all.
Figure 1 Area Map with display of Rock Edge’s Val-d’Or East Claims
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Qualified Person
Technical information relating to the Val d’Or East Lithium property contained in the news release has
been approved by Isabelle Robillard, P. Geo, who is a “Qualified Person” within the meaning of National
Instrument 43-101 Standards of Disclosure for Mineral Projects.
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
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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.