Searchlight Signs Letter of Intent to Option Jan Lake Claims to Brunswick Exploration Inc.
TSXV : SCLT US : CNYCF | 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com
January 30, 2023
Searchlight Signs Letter of Intent to Option Jan Lake
Claims to Brunswick Exploration Inc.
• Claims located approximately 60 km west of Creighton, Saskatchewan
and Flin Flon, Manitoba
• Includes 148.6 sq km Jan Lake claim block and Searchlight’s 50%
Joint Venture Interest in the 12.4 sq km Hanson Lake property.
• Historic sampling indicates anomalous Rare Metals including
Beryllium, Rubidium, Gallium, Tantalum, Cesium and Lithium
Vancouver, British Columbia, January 30, 2023 - Searchlight Resources Inc. (“Searchlight” or the
“Company”) (TSXV: SCLT, US: SCLTF) is pleased to announce the signing of a letter of intent to option
100% interest in the Jan Lake property and a 50% joint venture interest in the Hanson Lake property to
Brunswick Exploration Inc. (BRW:V), hereafter referred to as “Brunswick”. The claims subject to option
are shown on Map 1.
Considerations for the option of the claims are cash and share payments over a four-year period, a work
commitment, and a 2% Net Smelter Royalty, as follows:
• $35,000 in cash or shares, or a combination of both at Brunswick’s option on signing;
• $700,000 in cash, shares or a combination of both, at Brunswick’s option subject to a minimum
25% in cash, over a four-year period;
• $1,000,000 work commitment over four years;
• $250,000 in cash, shares or a combination of both at Brunswick’s option upon filing of a resource
estimate;
• $250,000 in cash, shares or a combination of both at Brunswick’s option on filing of a Preliminary
Economic Assessment; and
• 2% Net Smelter Royalty, half of which may be purchased for $1,000,000, and the other half for
$2,000,000.
TSXV : SCLT US : CNYCF | 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com
• Brunswick will be the operator of exploration programs on the optioned properties.
“Searchlight is pleased to sign a deal with Brunswick , a premier lithium exploration company focused
on exploring in Canada using state -of-the-art exploration techniques” , said Stephen Wallace,
Searchlight’s CEO.
Map 1. Location of Searchlight’s Jan Lake and Hanson Lake Claims in Saskatchewan
Qualified Person
Stephen Wallace, P.Geo., is Searchlight's Qualified Person within the meaning of National Instrument
43-101 and has reviewed and approved the technical information contained in this news release.
About Searchlight Resources Inc.
Searchlight Resources Inc. (TSXV:SCLT , US:SCLTF) is a Canadian mineral exploration and
development company focused on Saskatchewan, Canada, which has been ranked as the top location
for mining investment in Canada by the Fraser Institute. Exploration focus is on battery minerals and
gold throughout the province, concentrating on projects with nearby infrastructure.
On behalf of the Board of Directors,
“Stephen Wallace”
Stephen Wallace, President, CEO and Director
SEARCHLIGHT RESOURCES INC.
TSXV : SCLT US : CNYCF | 604.331.9326 | 408-1199 West Pender Street, Vancouver, BC V6E 2R1 | searchlightresources.com
For further information, visit the Company’s website at www.searchlightresources.com or contact:
Searchlight Resources Inc.
Alf Stewart, VP Corporate Development
(604) 331-9326
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