PMET.TO · 2018-09-11 12:00:00

92 Resources Corp. Reports Channel Sampling Returns 2.28% Li2O over 6 m and 1.54% Li2O over 8 m, with New Spodumene-‐Bearing Pegmatite Discovery Returning 1.61% Li2O, at the Corvette Property

Drill Results Exploration Programs Sampling & Geoscience Results

Suite 1400 – 1111 W. Georgia St.

Vancouver, BC, V6E 4M3

Tel: (778) 945 2950

www.92resources.com

Trading Symbol: TSX.v: NTY

OTCQB: RGDCF

Frankfurt: R9G2 (WKN: A11575)

92 Resources Corp. Reports Channel Sampling Returns 2.28% Li2O over 6 m and 1.54% Li2O over 8 m,

with New Spodumene-‐Bearing Pegmatite Discovery Returning 1.61% Li2O, at the Corvette Property,

Quebec

Vancouver September 11, 2018 – 92 Resources Corp. (the “Company”) (TSX.V: NTY) (OTCQB: RGDCF) (FSE:

R9G2) is pleased to announce that it has received assay results from the recently completed 2018 summer field

program at the Company’s 100% owned Corvette Property (the “Property”). The Property is located in the

James Bay Region of Quebec, approximately 10 kilometres south of the all -‐season Trans-‐Taiga Road and

powerline infrastructure corridor, and forms part of the larger Corvette-‐FCI Property, which includes the

recently announced 28-‐claim Option Agreement with Osisko Mining Inc. (see news release dated September 4th,

2018)

In 2017, the Company discovered and sampled the CV1 and CV2 pegmatite’s, which returned grab samples of

3.48% Li2O and 1.22% Li2O, respectively. As follow-‐up, the 2018 summer field program was completed, and has

further defined the CV1 Pegmatite as well as discovered new lithium-‐bearing prospects on the Property (see

news release dated August 13th, 2018).

The primary objectives of the ten (10) day program were to obtain preliminary grade over width information for

the CV1 and CV2 pegmatites through surface channel sampling, and to prospect both along strike and regionally

for additional spodumene-‐bearing pegmatite occurrences. Highlights from the recently completed summer work

program include:

• A total of 40 channel samples collected from CV1, ranging from 0.02% to 3.85% Li2O, with an average of

1.35% Li2O

• Both CV1 and CV2 pegmatites contain significant concentrations of tantalum, collectively ranging from

nil to 591 ppm Ta2O5, with an average of 109 ppm and 138 ppm Ta2O5, respectively

• Channel CV1-‐CH01: 1.54% Li2O over 8 m

• Channel CV1-‐CH02: 1.77% Li2O over 6 m

• Channel CV1-‐CH03: 2.28% Li2O over 6 m

• Channel CV1-‐CH05: 1.50% Li2O over 7 m

• Discovery of two new spodumene-‐bearing pegmatite occurrences:

o CV3, located approximately 250 metres south of CV1, with a grab sample of 1.61% Li2O

o CV4, located approximately 3 km northeast and along strike of CV1, with a grab sample

of 0.74% Li2O

Both the CV1 and CV2 pegmatites demonstrated strong grades of lithium, with each individual channel from the

CV1 Pegmatite having returned greater than 1% Li2O over its entire cut length, with individual samples greater

than 2% Li2O. Collectively, this is a strong indication of continuity of mineralization over the known strike-‐length

of the pegmatite. The CV2 pegmatite returned its strongest mineralization to date with 2.04% Li2O over 1 m.

In addition to the strong grades of lithium, unexpectedly high-‐grades of tantalum were also returned from both

the CV1 and CV2 pegmatites. Each channel cut of the program returned anomalous to well mineralized

tantalum, with numerous samples assaying greater than 200 ppm Ta2O5, including an interval of 2.28% Li2O and

471 ppm Ta2O5 over 2 m. Analytical results for each full channel are presented below in Table 1 as well as at the

following links:

https://92resources.com/wp-‐content/uploads/2018/09/92_ChannelSampling_Page_2.jpg

https://92resources.com/wp-‐content/uploads/2018/09/92_ChannelSampling_Page2-‐3.jpg

Advisory Board Member and Qualified Person (QP) Darren L. Smith comments: “the results of the recent

program are highly encouraging with the demonstrated lithium potential of the Property now significantly

expanded beyond the CV1-‐2 area. In addition, the discovery of strong grades of tantalum associated is an equally

positive development and adds further credence to the economic prospects of the Project. We look forward to

further delineating this association as the processing and recovery of tantalum from spodumene-‐bearing

pegmatites is well-‐established.”

Table 1: Channel Sample Results (CV1 and CV2 pegmatites)

CV1 Pegmatite

Channel Li2O (%) Ta2O5 (ppm) Interval (m) Comment

CV1-‐CH01 1.54 136 8.00 Full Channel

CV1-‐CH02 1.77 54 6.00 Full Channel

CV1-‐CH03 1.36 128 11.00 Full Channel

CV1-‐CH04 1.20 128 4.00 Full Channel

CV1-‐CH05 1.02 95 11.00 Full Channel

CV2 Pegmatite

Channel Li2O (%) Ta2O5 (ppm) Interval (m) Comment

CV2-‐CH01 0.73 140 4.00 Full Channel

CV2-‐CH02 0.55 136 4.00 Full Channel

(1) Intervals are apparent width, as the true width is not known

(2) Channel samples each 1 m in length

The CV1 and CV2 pegmatites trend sub-‐parallel (~70°) to one another, separated by approximately 50 m. A

majority of the channel sampling was completed at the larger CV1 Pegmatite with 5 channels for 40 samples

collected. A further 2 channels, for a total of 8 samples, were collected from the CV2 Pegmatite, located to the

north of CV1.

The largest channel cuts of the CV1 Pegmatite were limited to 11 m due to the outcrop’s physical

characteristics, including relatively rounded and steep edges making channel sampling impractical in these

areas. As such, the widths of the channel cuts at CV1 do not cover the entire exposed width of the pegmatite

body as its width ranges mostly between 12 and 30 m as exposed. Further, as several channel cuts end in strong

mineralization, the mineralization of the CV1 Pegmatite is indicated to be wider than that sampled.

Of additional note, the surface mapping successfully extended the strike length of the CV1 pegmatite on the

Property to at least 175 m, with the east end truncated by a shallow lake, along with indications that the

pegmatite continues beneath the surface.

92 Resources President & CEO Adrian Lamoureux comments on the successful exploration program at Corvette:

“We are very pleased with these initial results as it further acknowledges our belief of the potential that the

Corvette Project has to unlock. As reported in our last news release, we were able to increase our foothold in this

exciting district and plan to be very active moving forward. Last year we made a conscious decision to direct all

of the Company focus on our projects in Quebec for several reasons. We believe that, not only the high potential

these projects could offer but also because of our technical teams’ abilities, long-‐standing relationships, and

valuable work experience in Quebec. Furthermore, the Province of Quebec is one of the most geo-‐politically

stable and mining friendly jurisdictions globally, is very navigable, cost-‐effective to explore, and an overall pro-‐

exploration province. We look forward to continuing to unlock value for our shareholders and stakeholders.”

REGIONAL PROSPECTING AND SAMPLING PROGRAM

As recently announced, the Company’s regional program at Corvette resulted in the discovery of an additional

four (4) spodumene-‐bearing outcrops on the Property (see news release dated August 13th, 2018). The

discoveries outline two distinct trends/occurrences, termed the “CV3” and “CV4” pegmatites, with the

Company now pleased to report grab samples results of 1.61% Li2O and 0.74% Li2O, respectively. The

discoveries are significant and led the Company to expand its land position, through map designation, as

announced August 13th, 2018 as well as executing an Option Agreement with Osisko Mining Inc. for the adjoining

FCI Property, as announced September 4th, 2018.

The CV3 Pegmatite exposure is approximately 20 m in length and 3 m in width and is located approximately 250

m south of the CV1 Pegmatite. Its presence indicates a new sub-‐parallel spodumene-‐bearing dyke is present and

further emphasizes the potential for additional dykes to be present in the area.

The CV4 Pegmatite discovery is characterized by three spodumene-‐bearing outcrops, spanning a distance of

approximately 140 m, and is situated approximately 3 km along strike to the northeast of the CV1-‐2-‐3 pegmatite

area. This discovery highlights the size of the mineralized system at Corvette. Further, the extensive lateral

extent between the discovery areas, as well as the size of the CV1 Pegmatite, suggest a strong potential for

lateral continuity and significant depth extent of the pegmatite dykes. As the CV4 Pegmatite discovery was made

on the last day of the program, the area remains to be prospected in detail. Moreover, when coupled with the

newly acquired ground (map designated) on trend to the northeast, more than 6 km of prospective strike length

remains to be evaluated. This is in addition to the FCI Property ground covering the trend to the southwest for a

combined total prospective strike length of approximately 15 km.

Company President and CEO, Adrian Lamoureux, further comments: “We are strongly encouraged with the

results of the recent surface exploration at Corvette. The CV1 Pegmatite appears far larger than first estimated,

with the channel sampling demonstrating a strong continuity of mineralization along it. The numerous samples

of greater than 2% Li2O demonstrate grade in the system, and the new discoveries of CV3 and CV4

indicate considerable “blue-‐sky” potential”. We are very excited as we continue to advance and develop the

potential at Corvette as well as the newly acquired adjoining FCI Property.”

Permitting is underway for a maiden drill program focused on the CV1 and CV2 pegmatite occurrences. In

addition, surface work is planned as follow-‐up to the CV3 and CV4 discoveries made during the 2018 summer

work program, as well as further regional work. With respect to the FCI Property option, the Company is

currently emplacing the Steering Committee and intends to meet shortly to outline the near-‐term exploration

plans and objectives, and to further ensure a complete synergy with the Company’s Corvette Property

exploration.

The Corvette and FCI properties are also prospective for gold with numerous anomalous gold samples returned

from the recent field program at Corvette. Although gold is not the primary focus at Corvette-‐FCI, the Company

will continue to diligently evaluate its potential.

All samples collected were sent to laboratories at SGS Canada Inc. (Lakefield) for lithium analysis by sodium

peroxide fusion with ICP-‐AES finish (package GE ICP91A), as well as for 37-‐multi-‐element analysis, including

tantalum, by sodium peroxide fusion with ICP-‐MS finish (package GE IC90M). A subset of samples were also

analyzed for gold by fire assay (package GE FAA313).

About 92 Resources Corp.

92 Resources Corp is a modern energy solution company, focused on acquiring and advancing strategic and

prospective modern energy related projects. The Company currently holds four principal assets in Canada: the

Corvette (plus FCI Option) and Pontax lithium properties in Quebec, the Golden Frac Sand Property, BC, and the

Hidden Lake Lithium Property, NWT, currently under option to Far Resources Ltd.

NI 43-‐101 Disclosure

Darren L. Smith, M.Sc., P. Geol., of Dahrouge Geological Consulting Ltd., a Qualified Person as defined by

National Instrument 43-‐101, supervised the preparation of the technical information in this news release.

For further information, please contact Adrian Lamoureux, President & CEO at Tel: 778 -‐945-‐2950, E-‐mail:

[email protected] or visit www.92resources.com.

On Behalf of the Board of Directors,

“ADRIAN LAMOUREUX”

Adrian Lamoureux, President & CEO

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 news release.

Forward Looking Statements:

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which

are not historical in nature are intended to be, and are hereby identified as, “forward-‐looking statements”. Forward-‐looking

statements may be identified by words i ncluding “anticipates”, “believes”, “intends”, “estimates”, “expects”

and similar expressions. The Company cautions readers that forward-‐looking statements, including without limitation those

relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could

cause actual results to differ materially from those indicated in the forward-‐looking statements.

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92 Resources Corp. Reports Channel Sampling Returns 2.28% Li2O over 6 m and 1.54% Li2O over 8 m, with New Spodumene-­‐Bearing Pegmatite Discovery Returning 1.61% Li2O, at the Corvette Property

92 Resources Corp. Reports Channel Sampling Returns 2.28% Li2O over 6 m and 1.54% Li2O over 8 m, with New Spodumene-‐Bearing Pegmatite Discovery Returning 1.61% Li2O, at the Corvette Property