Origen Acquires Prospective Lithium Belt in Argentina
488 – 625 Howe St.
Vancouver, BC
V6C 2T6, Canada
604-681-0221
www.origenresources.com
Origen Acquires Prospective Lithium Belt in Argentina
Vancouver, BC, October 13, 2021. Origen Resources Inc. (the “Company” or “Origen”) (CSE:ORGN; FSE:4VXA)
is pleased to announce that it has entered into an agreement to acquire the prospective Lithium bearing Los
Sapitos salar in San Juan Province Argentina from two private individuals. The current claim package totals
26,962 hectares (ha) and is located in the northern portion of San Juan Province along a relatively unexplored
tectonic corridor. A series of salars, hot springs and g eysers are situated within this tectonic corridor and is
geologically analogous to well-known lithium bearing environments in Salta and Jujuy provinces.
Figure 1: Location Map of Los Sapitos
Limited sampling of brine on the property during the rainy season in 2018 returned a value of 390 mg/L lithium
from a sample collected from a shallow pit. This compares favourably to the lithium content found in a number
of salars under development within the Lithium Triangle. The area is host to vast alluvial sand and clay deposits
which have never been investigated for their lithium content. Very limited exploration has occurred on the
project since it was acquired by the vendors and the initial focus of the Company will be to conduct systematic
sampling of not only the brines, but also investigate the potential for the presence of lithium rich clays. Ulexite
(a boron evaporite mineral) has also been identified on the Property and indicates that concentrated boron
bearing brines have been present which is an indicator for lithium prospectivity.
“Our team has been engaged in a worldwide search for quality exploration opportunities and utilized its
extensive experienc e in Lithium exploration and development to identify and secure the district scale Los
Sapitos project. We are excited to get crews on the ground to begin to unlock this region ’s potential in the
coming weeks,” states Blake Morgan, Company President.
488 – 625 Howe St.
Vancouver, BC
V6C2T6, Canada
604-681-0221
www.origenresources.com
– 2 –
Figure 2: Aerial View of the Los Sapitos Project
As part of the acquisition, Origen has made an application to acquire the rights to an additional 21,363 hectares
of open ground, known as the La Rioja exploration area, within this new prospective lithium belt. Approval of
these applications are pending.
488 – 625 Howe St.
Vancouver, BC
V6C2T6, Canada
604-681-0221
www.origenresources.com
– 3 –
F
igure 3: Claim Holdings within the Tectonic Corridor
Further details on the project can be found on the Company’s website www.origenresources.com. One of the
world’s largest lithium suppliers, Ganfeng Lithium Corp. holds a 4.3% equity stake in in Origen.
Sampling in the 2018 fieldwork was conducted by staff experienced in lithium salar exploration and they
followed industry recognized best practices for early stage exploration of this type of target. Analysis was
conducted by Alex Stewart International Argentina S.A. (Alex Stewart), an internationally recognized laboratory
with substantial experience in geochemical analysis. Lithium analysis was conducted using a 32 element ICP-
488 – 625 Howe St.
Vancouver, BC
V6C2T6, Canada
604-681-0221
www.origenresources.com
– 4 –
OES package (Alex Stewart lab code LMMT01). Alex Stewart is independent of the Company. The Company
has not yet verified the results provided by the vendor and their consultants.
John Harrop, P. Geo., a Qualified Person as that term is defined in NI 43 -101, has supervised the preparation,
or approv ed the scientific and technical disclosure in the news release. Mr. Harrop is employed by Coast
Mountain Geological Ltd. He is not independent of the Company as defined in NI 43-101.
Terms of the Acquisition
To purchase a 100% interest in Los Sapitos Origen will pay the Vendors $50,000 USD, issue 200,000 shares and
incur $200,000 USD in exploration in year 1 of the agreement. Origen may continue to make four annual
payments of $75,000 USD, issue 200,000 shares and incur a total of $ 4.8 million in expenditures over the four
year period or in the event of a corporate re-organization of its Lithium assets to form a new company, Origen
would could then choose to issue one million shares of newco o r the number of common shares equal to $1
million.
About Origen
Origen is an exploration company engaged in generating, acquiring and advancing base , precious metal, and
lithium properties. The Company currently holds a property portfolio of four 100% owned precious and base
metal projects in southern British Columbia, a 100% interest in the 26,771 ha LGM project and an option to
acquire a 100% interest in the 3,971 ha Wishbone p roperty in the mineral rich Golden Triangle of British
Columbia, a 100% interest in the Middle Ridge g old project and a 100% interest in 10 lithium prospects in
Newfoundland.
On behalf of Origen,
Blake Morgan
President
For further information, please contact Blake Morgan, President at 236-878-4938 or Gary Schellenberg, CEO at
604-681-0221.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references
to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks
associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks
that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward- looking information.
Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-
looking information, whether as a result of new information, future events or otherwise.