Lithium X Acquires 100% Control over Diablillos Basin Brine with Orocobre Agreement

Lithium X Energy Corp. (TSXV: LIX) (OTCQX: LIXXF) (“Lithium X” or the “Company”) is pleased to announce it has successfully completed the consolidation of the Sal de los Angeles (“SDLA”) project so that it now controls 100% of the mineral titles contained within the brine bearing regions of the Diablillos basin. The consolidation involved the acquisition of 2,700 hectares of claims from Borax Argentina S.A. (“Borax”) replacing the the usufruct Lithium rights previously held by the Company over the Borax claims and an agreement to acquire a further 700 hectares currently owned by South American Salars S.A. (“SAS”) for a total consideration of 650,000 common shares of Lithium X, USD $1,000,000 and a 1% Net Revenue Royalty (NRR) over the SDLA project.
As quoted in the press release:

Brian Paes-Braga, President & CEO remarks “The execution of these agreements, coupled with the earlier purchase of Aberdeen’s portion of Potasio y Litio de Argentina, will ultimately give Lithium X one hundred percent ownership of the Diablillos basin. This significantly simplifies and de-risks potential future development of the salar.”

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