Carachi Pampa Projects

NRG Metals Inc. Projects

Carachi Pampa Projects in Argentina

As per the press release dated September 21st, 2016, NRG Metals Inc. has entered into an arm’s length Letter of Intent executed on September 14, 2016 to acquire 100% (subject to terms outlined below) of two contiguous lithium projects (Project 1 and Project 2, and together, the “Projects”) in Catamarca province, Argentina.

The project area is strategically located within the Lithium Triangle, in close proximity to one of the largest known lithium deposits in Argentina, and within the Puna Region, an elevated plateau which lies on the eastern side of the Andes Mountains. This region contains a number of highly mineralized salars including the lithium producing salars Hombre Muerto, operated by FMC Corp. and Galaxy Resources, and Olaroz operated by Orocobre Ltd. Further negotiations are ongoing for additional projects in the area, and at this time, the Company chooses to await the outcome of those negotiations before providing further details.

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