Advantage Lithium JV Hits 109.7m of 202.8 PPM in 2nd Hole; Provides Project Update

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec. 5, 2016) – Advantage Lithium Corp. (TSXV:AAL) and its joint venture partner, Nevada Sunrise (TSXV:NEV), are pleased to announce that lithium-bearing brines have been intersected in the second borehole of the 2016 drilling program at the Clayton NE lithium brine project in the Clayton Valley, Nevada (“Clayton NE”, or the “Project”). This follows successful results from the first borehole (see NR dated Nov 1^st, 2016). Clayton NE borders the Silver Peak mine, operated by Albemarle Corporation (“Albemarle”), North America’s only producing lithium mine. Of particular note, hole CNE-16-02, has intersected multiple aquifer formations, including a 188.9m brine-producing strata averaging 164.2 parts per million (“ppm”) lithium from a depth of 207.3m to 396.2 metres, including a higher grade interval averaging 202.8 ppm lithium over 109.7m. Hole CNE-16-03, which is still in progress, has also encountered strong brines ranging up to 138,000 ppm total dissolved solids (“TDS”), with assays to follow. In addition, the JV has staked additional land available within and to the edge of the salar to the south-west at Clayton NE, bringing the total land package to 437 ha.
Highlights

• All three holes intersect mineralized brine: 1^st and 2^nd holes have encountered lithium-rich brines and 3^rd hole (still in progress) has hit mineralization with assays to follow.
• 3.43km mineralized brine trend: Holes CNE-16-01 and CNE-16-02, both with significant intervals of mineralized lithium brines, are located 3.43km apart.
• Intervals up to 202.8 ppm lithium over 109.7m: Lithium brines intercepted by 2nd drill hole at Clayton NE, CNE-16-02, have returned intervals up to 202.8 ppm lithium over 109.7m (286.5m to 396.2m), including peak values up to 227 ppm lithium over a 6.1m section (304.8m to 310.9m). These values are comparable to Albemarle’s brine samples from their Silver Peak operation, immediately adjacent to Clayton NE and are in line with results from the first hole at Clayton NE.
• More results to come. Hole CNE-16-03, which has encountered 138,000 ppm TDS, is still in progress. Assays from holes CNE-16-01 and CNE-16-02 have shown that a relationship of TDS to lithium grade indicates a correlation between higher lithium values and higher strength brine.
• Strong brine flows. Brine flows of up to 120 gallons per minute issued from borehole CNE-16-02 between 1,000 and 1,300 feet (304.8 to 396.2 meters). Analysis shows this zone carries significant lithium concentrations. High brine flows are important for economic production.
• Clayton NE land package increased. The JV has staked additional land, increasing the overall land package to 437 ha.

Ross McElroy, Technical Adviser and Director, of Advantage Lithium, commented: “We now have mineralization in all three holes over a mineralized strike trend traced to 3.43km at Clayton NE, with strong lithium grades and TDS results over wide intervals. These latest results include over 600 feet of brine producing strata and show even stronger flow rates than our first hole. This suggests we may have hit a key area of known aquifers at Clayton NE and we are delighted by the continued success of the drill program.”
Read the full press release.
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