Origen to Aggressively Advance its Lithium Assets in 2023
488 – 625 Howe St.
Vancouver, BC
V6C 2T6, Canada
604-681-0221
www.origenresources.com
Origen to Aggressively Advance its Lithium Assets in 2023
Vancouver, BC - January 19, 2023 - Origen Resources Inc. (the “Company” or “Origen”) (CSE:ORGN; FSE:4VXA)
is pleased to provide the following strategic overview for the year ahead.
The Company is excited with the top -tier exploration assets assembled by its world class team and are most
encouraged by the global macro conditions in the critical minerals space . Analysts have pr edicted that the
lithium industry will need to invest $42 billion over the near-term to meet the projected demand by 2030. As
a result of the impending lithium shortage , Origen will now be focusing all of its exploration efforts on its
Argentina lithium assets.
It is the strong belief of the Company that its projects in Argentina represent a rare opportunity to be a company
maker. It’s not often that a district -scale land package, like the Los Sapitos project, can be acquired through
staking and be proven to host the right ingredients for a substantial lithium discovery in less than a year. Los
Sapitos came together as the result of the Company’s technical team thinking outside the box and appl ying
exploration concepts acquired through extensive lithium experience in Argentina and around the globe over
the last 15 years.
Origen’s CEO, Gary Schellenberg, along with the team he assembled at Coast Mountain Geological, have been
active in Argentina for over 25 years and were one of the first groups to focus on the lithium potential in the
country 15 years ago. This team played a major role in identifying and leading one of the world’s largest lithium
deposits, through to the development stage and eventual handover to one of the world’s largest battery
materials producers. The deposit, located in Salta Province with in the heart of the lithium triangle and hosts
an indicated resource in excess of four millions tons of lithium carbonate, is expected to start production in the
near-term.
Between Coast Mountain Geological and in-country partners Petra Gold Servicios SRL and Servicios Logisticos
SRL, Origen is fortunate to have a world -class team in place with an impressive track record of l ithium
discoveries. The Los Sapitos Salar was discovered by Origen after a worldwide search for quality lithium
exploration opportunities.
Given the quality of geological evidence uncovered to date , the vastness of the unexplored tectonic corridor ,
and the early (and rare) detection of lithium, Los Sapitos deserves full focus moving forward.
Origen is excited to be partnering its lithium and gold assets in Newfoundland with Nord Battery Resources
Corp. (“Nord”), a new lithium explorer lead by a very motivated management team . Nord is expected to be
listed on an approved stock exchange in Q2 of this year and upon listing Origen will become one of its largest
shareholders. These Newfoundland lithium assets are the largest land package assembled in the province
targeting lithium-rich pegmatites (see news release dated October 18, 2022). The Nord transaction is the latest
in a number of successful spin -outs and asset monetizations by Origen that represent over $2 million on
Origen’s balance sheet.
Additionally, o pportunities are being explored in regards to Origen’s portfolio of assets in B.C. to further
monetize or find qualified partners in order to advance these projects. The work completed last year on the
LGM and other properties has added significant value, with new data that continues to showcase the potential
of significant discoveries being made.
To that end Origen will continue to work diligently on further developing and growing the Company to deliver
substantial benefits to all of its shareholders and the communities in which it operates.
About the Los Sapitos Lithium Belt
The Los Sapitos claim package currently totals 48,325 hectares (ha) and is centered on known salars (dry salt
lakes) at the northern edge of the San Juan Province in Argentina.
The belt’s tectonic setting, geothermal activity and observed brine chemistry are similar to that of the Lithium
Triangle to the north and gives rise to the potential for discovering structural traps for lithium-bearing aquifers
at depth. The area is also host to vast alluvial sand and clay deposits that have never been investigated for their
lithium content. Very limited exploration for lithium has occurred within the project area prior to Origen’s
acquisition. Ulexite (a boron evaporite mineral) has also been identified throughout the belt and indicates that
concentrated boron-bearing brines have been present, which is an important indicator of lithium prospectivity.
The Company is awaiting approval for exploration rights covering approximately 28,000 hectares in southern
La Rioja Province, across the provincial border from Los Sapitos. The new claim applications were the result of
a comprehensive regional review of satellite imagery to identify signatures similar to those where the Company
obtained favourable exploration results that were recently reported (see news release dated September 9,
2022). The new claim areas exhibit both clay and evaporite mineral signatures that may indicate the presence
of near surface brine and hot spring activity.
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 property in the
mineral-rich Golden Triangle of British Columbia, and a 100% interest in the Los Sapitos l ithium projec t in
Argentina.
For further information, please phone 604-681-0221 or email [email protected]
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.