Portofino Initiates Exploration Programs ON Argentina Lithium Projects
Suite 520 – 470 Granville Street
Vancouver, BC, CANADA V6C 1V5
Telephone: 604-683-1991
Fax: 604-683-8544
www.portofinoresources.com
PORTOFINO
RESOURCES INC.
NEWS RELEASE
PORTOFINO INITIATES EXPLORATION PROGRAMS ON ARGENTINA LITHIUM PROJECTS
Vancouver, B.C., April 30, 2018. PORTOFINO RESOURCES INC. (POR: TSX-V) (POT: FSE) (“Portofino” or
the “Company”) is pleased to announce the commencement of a comprehensive field exploration
program on the Hombre del Muerto and Rio Grande Sur lithium brine salar properties, located in
Catamarca, Argentina. The program will consist of surface sampling, shallow drilling, trenching and
geological mapping. Portofino’s geological team is presently mobilized within the project area.
The Company will also be conducting surface sampling, geological assessment and evaluations on
several other properties in the area.
Hombre del Muerto, Catamarca project
Portofino has the right to acquire a 100% interest in an 1,804 hectares concession area located within
the world-class, Salar del Hombre Muerto, where FMC Lithium is currently producing lithium carbonate
and Galaxy Resources is developing its Sal de Vida project. As previously announced, a limited near
surface brine sampling program using hand-augers returned values up to 340 mg/L Li within the claim
block.
Rio Grande Sur, Catamarca project
Portofino has the right to acquire a 100% interest in an 8500 hectares concession area in the Rio Grande
lithium brine salar. Portofino’s project is adjacent to the Rio Grande concession held by LSC Lithium
Corp. LSC Lithium has reported an initial Mineral Resource estimate* within their concessions which
included a total of 2,190,000 tonnes of lithium carbonate (Li2CO3) equivalent in the Inferred Mineral
Resource category with the top 50 meters (“m”) of the deposit amounting to 1,375,435 tonnes grading
at 338mg/l Li and the lower 50m to 100m amounting to 814,582 tonnes grading at 410mg/l Li.
(*LSC Lithium Corp. “Technical Report on the Salar de Rio Grande Project, Salta Province, Argentina” dated March 28, 2018 and
authored by Hains Engineering Company Limited)
Qualified Person
The technical content of this news release has been reviewed and approved by Andrew J. Turner, B.Sc.,
P.Geol. of APEX Geoscience Ltd., who is the Company’s Geological Consultant and is a Qualified Person as
defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
About Portofino Resources Inc.
Portofino is a Vancouver, Canada based Company focused on acquiring, exploring and developing
mineral resource projects in the Americas. The Company has an interest in over 17,000 hectares of
prospective lithium salar properties in Catamarca, Argentina.
On Behalf of the Board,
“David G. Tafel”
Chief Executive Officer
For Further Information Contact:
David Tafel
CEO, Director
604-683-1991
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.
This news release may contain forward looking statements concerning future operations of Portofino Resources Inc. (the “Company”). All forward-
looking statements concerning the Company’s future plans and operations, including management’s assessment of the Company’s project
expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company’s control. Investors are cautioned that
any such statements ar e not guarantees of future performance and that actual performance and exploration and financial results may differ
materially from any estimates or projections.