(TheNewswire)
VANCOUVER, Canada / TheNewswire / September 18, 2017 –-
Southern Lithium Corp. (TSX-V: SNL) (FSE: SL5) (OTC: SLLTF) ("Southern" or "the
Company") is pleased to announce the issuance of 3 million options to various executives, directors, and consultants, in accordance
with the Company's approved option plan. Each option is exercisable into one Share at $0.12 per Share for a period of 12 months
from the date of grant and have no vesting conditions.
About the Cruz Property
The Company has executed a formal option agreement with Proyecto Pastos Grandes S.A. (“PPG SA”), a
wholly owned subsidiary of Millennial Lithium Corp. (TSX.V:ML) (FSE: A3N2) (OTCQB:MLNLF)
, through the option Southern Lithium can earn up to an eighty percent (80%) interest in the PPG SA’s Cruz
Property in the Pocitos Salar Basin in Salta Province, Argentina.
The Cruz Property is located in South America’s Lithium Triangle (northern Chile, northwestern
Argentina and southwest Bolivia). The property encompasses 9,027 hectares (22,306 acres) in the Pocitos Salar Basin in Salta
Province, Argentina.
The Cruz Property is located in the northern end of the Pocitos Salar Basin and contiguous to the
southern end of the Salar del Rincón Basin, where ADY Resources Limited is extracting lithium brine. Both properties lie along the
structural belt that hosts the important lithium resources of the region, and at the junction of a large north-south fault system
and the northwest-southeast megastructure along which lies the Rincon volcano, the possible source of the lithium brine in both
salar basins. The 60-kilometre long Pocitos salar basin has previously only been drill tested with a shallow 12-hole program in the
1970s by an Argentinean government agency “Direccion General de Fabricaciones Militares”. To date, this is the only confirmed
exploration drilling conducted in the Pocitos basin. The hole that produced the best results is near the southeast edge of the Cruz
property boundary, and averaged 417 parts per million lithium. Although these results are considered historical and have not been
verified by the Company's QP, the Company considers these results relevant to the future exploration of the Cruz
property.
About Southern Lithium Corp (TSX-V: SNL, OTC: SLLTF, FSE: SL5)
Southern Lithium Corp. is a resource exploration company engaged in the business of acquiring and
exploring minerals properties. Southern Lithium Corp. has assembled an experienced management team with a strategy to develop a
portfolio of technically superior Lithium projects. The Company’s main objective is to add shareholder value through successful
exploration and development of high quality resources through strategic acquisitions, combined with cost-effective financial
management. With the potential acquisition of the Cruz property, Southern Lithium intends to establish its presence in the Pocitos
basin and further deliver on its mission to secure lithium projects. The Company is only focusing on projects of the highest
technical merit in favorable geopolitical jurisdictions.
ON BEHALF OF THE BOARD OF DIRECTORS
“Clive H. Massey”
Chief Executive Officer
For further information, please contact:
Southern Lithium Corp.
Sam Eskandari
Phone: +1.416.918.6785
Email: ir@southernlithium.com
Further information about the Company is available on our website at www.southernlithiumcorp.com or
under our profile on SEDAR at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes forward-looking statements that are subject to risks and uncertainties.
All statements within it, other than statements of historical fact, are to be considered forward looking. Although the Company
believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements.
Factors that could cause actual results to differ materially from those in forward-looking statements include market prices,
exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business
conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on
their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements, other than as
required pursuant to applicable securities laws.
###
Copyright (c) 2017 TheNewswire - All rights reserved.