HIGHLIGHTS
Brine Chemistry Results Reveal High Lithium Values
Geophysical SCAMT Sections Identify Two Large Resistive Anomalies
Recommendation for Further Exploration to Support a Resource Calculation
Eight Hole Drill Program to Test the Expected Lithium Zone
VANCOUVER, British Columbia, Oct. 16, 2017 (GLOBE NEWSWIRE) -- NRG Metals Inc. (the
“Company”) (“NRG” or the “Company”) (TSX-V:NGZ) (OTCQB:NRGMF) (Frankfurt:OGPN),
announces that further to its news release dated June 5, 2017, the Company has filed a National Instrument 43-101 (“NI
43-101”) technical report (the “Report”) dated September 8, 2017 entitled, “Technical Report for the
Hombre Muerto North Project, Salta and Catamarca Provinces, Argentina” under the Company’s SEDAR profile at www.sedar.com and its website at www.nrgmetalsinc.com. The Report was prepared by of Montgomery & Associates Consultores Limitada
and authorized by Michael J. Rosko, MS PG, an independent Qualified Person under NI 43‑101.
The Hombre Muerto North Lithium Project shares the same hydrogeological basin as the existing FMC Lithium Fenix
Mine that has been producing lithium carbonate during the past 20 years. It is also adjacent to the Galaxy Resources’ Sal de Vida
Project, referred by Galaxy Resources as the “best lithium - potassium undeveloped project in brines through the Argentinean
Puna”.
In summary, the surface brine chemistry sampling results for the Project reveal high values of lithium when
compared with other projects in the salars of the Puna region, and are consistent with previously-reported results for the Sal de
Vida project (Houston and Jaacks, 2010; M&A and GAI, 2012). Geophysical CSAMT sections covering the Alba Sabrina, Natalia Maria
and Tramo properties define two large resistivity anomalies that may represent deep lithium-bearing brine zones. Given these
factors, and the acknowledgement of long-term lithium brine production in the salar by FMC Lithium at their Fenix Mine and the
brine mineral Resource and Reserve estimates by Galaxy Resources, M&A judges the Project as a property of merit and warrants
additional investigations in order to advance to a phase of exploration drilling, testing, and sampling and a level for Preliminary
Economic Assessment (PEA).
NRG plans to conduct an exploration program to support a mineral resource estimate for lithium on the Project,
and rapidly move to a development and production phase. An exploration drill program has been planned by the technical team, and
will likely include up to eight diamond core holes. Following coring operations, large-diameter (10- to 16-inch borehole diameter)
rotary-drilled production wells (PW) will be installed at the same locations as the diamond drill holes for conducting pumping
tests and estimating brine extraction rates for wellfield development. Anticipated depths for the core holes will range from about
30 to 400 meters, with 400 meters as a maximum. The depth of the production wells will be determined based upon the results
obtained from the diamond drilling. In addition , a vertical electrical sounding (VES) survey may be conducted at the Alba Sabrina
property prior to drilling in order to confirm if the hole will be drilled.
Qualified Person:
Mr. Michael J. Rosko, MS PG, of Montgomery & Associates Consultores Limitada, an independent Qualified Person as
defined by NI 43-101 guidelines, has participated in the preparation of this press release, and has reviewed and approved the
technical content.
About the Company
NRG Metals Inc. is an exploration stage company focused on the advancement of lithium brine projects in
Argentina. In addition to the Hombre Muerto North Project, the Company is evaluating the Salar Escondido Lithium Project. The Salar
Escondido is comprised of approximately 29,000 hectares. An exploration drill program is currently underway at this location. NRG
trades on the TSX Venture Exchange under symbol NGZ, on the OTC QB Market under symbol NRGMF, and on the Frankfurt Stock Exchange
under symbol OGPN. NRG currently has 73,890,567 shares issued and outstanding.
On behalf of the board of directors of NRG Metals Inc.,
Adrian F.C. Hobkirk
President and CEO
T: 714.316.3272
E: ahobkirk@nrgmetalsinc.com
W: www.nrgmetalsinc.com
The TSX Venture Exchange has not reviewed the content of this news release and therefore does not
accept responsibility or liability for the adequacy or accuracy of the contents of this news release.
This news release is not for distribution or dissemination in the United States and accordingly, shall
not constitute an offer of securities in the United States. The securities that may be issued pursuant to this news release are not
currently qualified by prospectus or registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the
laws of any state, and may not be offered or sold in the United States, or to, or for the account or benefit of United States
persons (as defined in Regulation S under the Securities Act) or persons in the United States absent registration or an applicable
exemption from the registration requirements. The securities are subject to resale restrictions under applicable securities
laws.
This news release contains certain “forward- looking statements” within the meaning of Section 21E of the United
States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain
information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and
estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other
factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is
cautioned not to place undue reliance on forward-looking statements. The transaction described in this news release is subject to a
variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions,
legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As
such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this news release.
We seek safe harbour.
