October 3, 2017 – Voltaic Minerals Corp. (TSXV: VLT, OTC: VTCCF, FSE: 2P61) (the "Company" or "Voltaic") announces that it has amended its agreement with Lithium Selective Technologies, Inc. ("LiST") regarding its development of a Lithium extraction process for non-conventional brines (see news release dated April 11, 2017).
Lithium Selective Technologies, Inc. has continued testing using its hybrid technology for the recovery of Lithium from natural brines. We have amended our agreements such that LiST will provide a summary of their findings and recommendations by October 31, 2017, after which Voltaic will have 30 days to execute a joint development or other agreement where Voltaic will be a full participant in ongoing development. If VLT chooses to participate, LiST and Voltaic would work towards negotiating and closing an agreement establishing each party’s rights and obligations.
Should Voltaic choose not to fund LiST or otherwise become involved with LiST and its process, Voltaic would be issued ten (10%) of the equity of LiST in lieu of the investment by way of loan already made to fund LiST’s research.
About Lithium Selective Technologies, Inc.
Lithium Selective Technologies, Inc. technical team has over 85 years of combined Lithium processing experience and is extremely optimistic about the potential that the extraction method could economically process non-conventional brines and effectively unlock such brines across the globe. LiST is currently using artificial brine that is similar in nature to the Green Energy brine identified in historic fluid analysis.
About Voltaic Minerals Corp.
Voltaic Minerals Corp. is a Vancouver-based Lithium exploration company which owns 100% of the Green Energy Lithium Project that encompasses 4,160 acres of Bureau of Land Management (BLM) claims and is in Grand County, 15 km west of the city of Moab, Utah. Lithium and other minerals occur at the property in an over-saturated brine (40% minerals, 60% water) discovered during historic oil exploration when drill wells intercepted Clastic Bed #14 of the Paradox formation.
ON BEHALF OF THE BOARD
VOLTAIC MINERALS CORP.
President and 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 release.
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this release include that we will receive a summary on the Lithium extraction process so that we can determine whether further involvement will be cost effective; that we could agree to definitive agreements and that all phases of our signed agreements will be implemented. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that the Company and Lithium Selective Technologies may not agree on the final agreement terms, aspects or all of the process development may not be successful, the process may not be cost effective, the Company may not raise sufficient funds to carry out our plans, changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on current data that may change with more detailed information or testing; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; the availability of labour, equipment and markets for the products produced; and despite the current expected viability of the project, that the minerals on our property cannot be economically mined, or that the required permits to build and operate the envisaged mine cannot be obtained. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.