Walcott Resources Ltd. Announces Proposed Name Change to MegaWatt Lithium and Battery Metals Corp.
LEGAL_35502097.2
Walcott Resources Ltd. Announces Proposed Name Change to MegaWatt
Lithium and Battery Metals Corp.
Vancouver, British Columbia - January 21, 2021 - Walcott Resources Ltd. (CSE: WAL) (the "Company" or
"Walcott") is pleased to announce that, subject to approval of the Canadian Securities Exchange, it plans
to change its name to “MegaWatt Lithium and Battery Metals Corp.”
While the Company will continue to advance its portfolio of projects including its Cobalt Hill copper-gold-
cobalt property and its Australian silver-lead-zinc properties , it is also currently evaluating potential
opportunities in lithium, nickel, vanadium and rare earth metals.
David Thornley-Hall, CEO of the Company, states, “We are very excited for the future of the Company and
looking forward to exploring various opportunities ahead of us within the lithium and battery metals
space. We see this as a great vertical integration to our current and future enterprise goals. As we are all
aware of the critical changing conditions of the planet, we see a tremendous avenue of growth within this
sector, there is a rise in call for electric vehicles/hybrid electric vehicles/plug-in hybrid vehicles, and rapid
development in the renewable energy and energy storage sector which will continue to drive the longer-
term growth of the market”.
About Walcott Resources Ltd.
Walcott is a British Columbia based Company involved in the acquisition and exploration of mineral
properties in Canada. The Company holds an option to acquire a 100% undivided interest, subject to a
1.5% NSR on all base, rare earth elements and precious m etals, 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).
Investors can learn more about the Company and team at https://www.walcottresources.com
FOR FURTHER INFORMATION PLEASE CONTACT:
David Thornley-Hall
Chief Executive Officer
604.306.7821
The CSE does not accept responsibility for the adequacy or accuracy of this release.
LEGAL_35502097.2
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, statements 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 dif fer materially from those projected in the
forward-looking statements. Such forward -looking statements represent management's best judgment
based on in formation currently available. No securities regulatory authority has either approved or
disapproved of the contents of this news release.