Lithium Potential to be Explored at Tyr Property in Australia
Lithium Potential to be Explored at Tyr Property in Australia
Vancouver, British Columbia‐‐(January 12 2022) ‐ Megawatt Lithium and Battery Metals Corp.
(CSE:MEGA) (FSE: WR20) (OTC PINK: WALRF) (the " Company" or "Megawatt") has received initial
results for Lithium potential at its Tyr Project in New South Wales, Australia. The tenement covers
100 units over an area of 299km2
A grab Sample in an ochre coloured, ferruginous, altered granite outcrop resulted in 520 ppm Li, 413
ppm Sn and 724 ppm Rb. Grab samples from old pit workings at an area called East Saddle Ridge
returned 0.24 g/t Au and 0.12 g/t Au. A further follow up 48 surface grab samples for lithium, silver
and gold potential within Tyr have been sent to ALS Limited in Queensland, Australia for analysis. This
month’s follow up samples will be rock chip samples from outcrop and subcrop where quartz veining
is noted in altered and silicified country rock.
A ground magnetics survey has been proposed for January 2022 over the Burra and Torny old Silver
mines. Concurrently, extended sampling and mapping of the lithium and gold areas will be conducted
once the 48 follow up assay results are returned from ALS Limited in Queensland.
Qualified Person
Mr. Geoffrey Reed (MAusMM (CP)) (MAIG), Consultant for the Company, is a qualified person as
defined by National Instrument 43-101 – Standards of Disclosure or Mineral Projects and has
reviewed the scientific and technical information in this press release.
About MegaWatt Lithium and Battery Metals Corp.
MegaWatt is a British Columbia based company involved in the acquisition and exploration of
mineral properties in Canada. The Company holds a 100% undivided interest, subject to a 1.5% NSR
on all base, rare earth elements and precious metals, in the Cobalt Hill Property, consisting of eight
mineral claims covering an area of approximately 1,727.43 hectares located in the Trail Creek Mining
Division in the Province of British Columbia, Canada.
Additionally, the Company has acquired a 60% interest in a company that indirectly holds a 100%
interest (subject to a 2% NSR) in two prospective silver-zinc projects in Australia, being the Tyr Silver
Project and the Century South Silver-Zinc Project (see press release dated August 13, 2020) an
indirect 100% interest (subject to a 1% NSR) in mining tenements in Northern Territory and New
South Wales, Australia prospective for nickel-cobalt-scandium, uranium and rare earths and a 100%
interest (subject to a 2% NSR) in and to the Route 381 Lithium Property, comprised of 40 mineral
claims located in James Bay Territory, north of Matagami in the Province of Quebec, covering 2,126
hectares (see press release dated February 3, 2021).
Investors can learn more about the Company and team at https://megawattmetals.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
David Thornley-Hall Chief Executive Officer
The CSE does not accept responsibility for the adequacy or accuracy of this release. This press release
includes "forward -looking information" that is subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Company. Forward -looking statements
may include but are not limited to, stat ements relating to the trading of the Company's common
shares on the Exchange and the Company's use of proceeds and are subject to all of the risks and
uncertainties normally incident to such events. Investors are cautioned that any such statements are
not guarantees of future events and that actual events or developments may differ materially from
those projected in the forward - looking statements. Such forward -looking statements represent
management's best judgment based on information currently available . No securities regulatory
authority has either approved or disapproved of the contents of this news release.