92 Resources signs earn-­‐in with Far Resources Ltd. for interest in Hidden Lake property, NWT

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.    

92  Resources  signs  earn-­‐in  with  Far  Resources  Ltd.  for  interest  in  Hidden  Lake  property,  NWT    

Vancouver,  January  23,   2018  –  92   Resources   Corp.   (the   “Company”)  (TSX.V:  NTY)   (OTCQB:  RGDCF)   (FSE:  

R9G2)  is  pleased  to  report  that  it  has  signed  an  agreement  granting  Far  Resources  Ltd.  (“Far”  or  “Far  Resources”)  the  

right   to   earn-­‐in   up   to   90%   of   the   Company’s  wholly   owned   Hidden   Lake   Lithium  Project  (the  “Project”),   Northwest  

Territories  by   paying  to  the  Company  $50,000  in  cash,  issuing  $1,450,000  in  value  of  Far  shares  to  the  Company,  a nd  

expending   $2,300,000   on   the   Project.   The  Project  is   situated  within   the   central   parts   of   the   Yellowknife   Lithium  

Pegmatite  Belt  along  Highway  4,  approximately  40  km  east  of  Yellowknife.    

Far   Resources   was   attracted   to   the   Project   by   the   encouraging   results   the   Company   disclosed   in  several  recent   news  

releases.  The  Company  will  benefit  from  bringing  in  a  financially  and  technically  strong  partner  to  further  develop  the  

Project,   and  in   the   process  will   become   a   substantial   shareholder   of   Far   Resources   with   the   ability   to   share   in  the  

Project’s  success.    

Terms  of  the  agreement  include:  

1.   On  closing,  Far  Resources  will  pay  $50,000  cash  and  issue  to  the  Company  $500,000  in  value  of  its  shares  at  a  

deemed  value  of  $0.90.  To  earn  a  60%  interest  in  the  Project,  Far  must  spend  $500,000  in  exploration  expenditures  on  

the  Project  within  one  year;    

2.   On   completing   its   first   year’s   expenditure   obligation,   Far  Resources  will   have   earned   a   60%   interest   in   the  

Project.  They  can  then  choose  to  exercise  an  option  to  acquire  an  additional  10%  for  a  total  of  70%  of  the  Project  by  

issuing  to   the   Company  $250,000   worth   of   Far   shares   at   their   then   current   market   value   to   a   maximum   of   $1.50   per  

share,  and  spend  $500,000  during  the  next  year  in  exploration  expenditures,  or,  if  Far  does  not  exercise  its  option,  it  will  

be  responsible  for  expending  the  next  $1,000,000  in  joint  venture  expenses  before  the  Company  is  obligated  to  make  

any  expenditures;    

3.   If  Far  has  exercised  the  option  to  earn  in  70%,  it  has  2  more  options  of  10%  each,  so  as  to  earn  up  to  90%  of  the  

Project,  in  each  case  by  issuing  additional  Far  Resources  shares  to  92  Resources  ($300,000  in  value  to  earn  80%,and  an  

additional   $400,000   in   value   to   earn   90%)  and  expend   additional   amounts   on   the   Project   within   the   year   after   each  

exercise  ($600,000  in  expenditures  to  earn  80%,  and  an  additional  $700,000  to  earn  90%).    

Under  the  Agreement,  Far  Resources  will  become  the  operator  of  the  Project.  That  leaves  the  Company  free  to  become  

more  active  with  its  other  projects  and  consideration  of  additional  properties  for  exploration  and  development.    

2

Said  Adrian  Lamoureux,  CEO  of  92  Resources:  “We  have  shown  that  the  Hidden  Lake  project  has  lots  of  great  potential.  

Bringing  in  a  partner  like  Far  Resources  gives  us  the  ability  to  develop  the  project  further  at  no  out  of  pocket  cost  to  us.  If  

the  project  proves  up  as  well  as  we  hope,  and  Far  Resources  exercises  its  options,  we  wi ll  be  a  big  part  of  that  success  

through  our  remaining  interest  in  the  project  and  our  share  position  in  Far  Resources.    

Keith   Anderson,   CEO   of   Far   Resources   added:   “We   like   the   potential   of   the   Hidden   Lake   project.   We   think   it   fits   in  

extremely   well   with  our   overall   mineral   development   strategy.   We   look   forward   to   working   with   92   Resources   as   a  

partner  and  we  have  high  hopes  for  Hidden  Lake’s  prospects.”  

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  six  properties  in  Canada,  with  three  principal  assets:  the  

Hidden  Lake  Lithium  Property,  NWT,  the  Corvette  Lithium  Property,  QC,  and  the  Golden  Frac  Sand  Property,  BC.  

The   Hidden   Lake   Lithium   Property   is   strategically   located   within   the   heart   of   the   Yellowknife   Pegmatite   District.   The  

Property  is  easily  road  accessible  and  its  proximity  to  infrastructure  provides  for  numerous  development  advantages.  

The  Corvette  property  consists  of  76  claims,  totalling  3,891  hectares,  situated  within  the  Guyer  greenstone  belt,  which  is  

also  a  favourable  geological  environment  for  gold  occurrences.    

The  Golden  Frac  Sand  Property  covers  more  than  a  4  km  length  of  the  Mount  Wilson  Formation,  which  consists  of  high  

purity,  white,  quartzite  and  friable  sandstones.  It’s  strategic  location  in  western  Canada  and  proximity  to  infrastructure,  

provides  competitive  access  to  the  oil  and  gas  markets  where  high-­‐quality  frac  sand  is  an  essentially  input.  The  adjacent  

Moberly  Silica  Sand  Mine,  owned  and  operated  by  Heemskirk  Canada  Ltd.,  produces  a  number  of  high -­‐purity  products  

and  as  of  February  2017,  became  subject  to  a  takeover  bid  by  Northern  Silica  Corporation  valued  at  $42.3  million  AUD.  

The  transaction  with  Far  Resources  is  subject  to  TSX  Venture  Exchange  approval.    

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  e xpectations,  

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

includes   that   the   earn-­‐in   agreement   with   Far   Resources   will   be   completed.   The   Company   cautions   readers   that   forward-­‐looking   statements   are  

subject  to  certain  risks  and  uncertainties  that  could  cause  actual  results  to  differ  materially  from  those  indicated  in  the  forward-­‐looking  statements.  

Risks   include   that   the   Far   Resources   agreement   does   not   close   because   of   regulatory   approvals,   or   Far   not   completing   its   obligations   as   agreed.  

There   is   no   guarantee   that   even   if   there   are   mineral   resources   on   our   properties,   that   they   can   be   successfully   or   profitably  mined   or  

commercialized.  The  Company  will  not  update  these  forward-­‐looking  statements  except  as  required  by  law.