VANCOUVER, British Columbia, December 14, 2017 /PRNewswire/
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NRG Metals Inc. ("NRG" or the "Company") (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt OGPN), is pleased to
announce the completion of the first drill hole at the Salar Escondido Lithium Project, Catamarca Province, Argentina. The hole was drilled to a depth of 307 meters due to hole conditions The hole bottomed in brine
and the brine target remains open at depth.
At a depth of 210 meters the hole was converted from core drilling to tricone rotary drilling due to challenging drilling
conditions. Now that the hole has been terminated, the interval from 307 to 210 meters will be sampled using either a double
packer or bailer system, depending upon the conditions in the hole.
Consistent with the Company's geophysical data and geological model, the target zone of sediments saturated with brine that
could contain lithium was intersected at 140 meters, and has continued to the completed depth of 307 meters with the brine zone
target open below that depth. Recent sampling in the interval from 183 to 198 meters returned an average of 229 mg/liter lithium
as reported in the Company's press release dated December 7, 2017. Onsite quality assurance and
quality control (QA/QC) was supervised by Mr. William Feyerabend, a Certified Professional Geologist and a Qualified Person
under NI 43-101. Mr. Feyerabend supervised and approves the scientific and technical disclosure contained in this press
release.
Adrian Hobkirk, CEO of NRG Metals Inc. commented, " We are very excited that we have
a lithium saturated brine confirmed near the top of the target zone at Salar Escondido and the fact that the brine zone now
appears to be very thick. Given that our current drilling bottoms in brine and is open at depth is very encouraging highlighting
the substantial size potential of the salar. We look forward to reporting the sampling in progress and continuing
the exploration at Salar Escondido to fully assess and delineate this discovery. "
The Salar Escondido is a large basin, roughly 20 by 40 kilometers in size, which is mostly covered by a series of overlapping
alluvial fans. NRG's technical team believes that a large salar with an area of at least 700 km[ 2
] had developed in the basin approximately two million years ago. After the salar was formed, it was buried by
coalescing alluvial fans, and it is thus considered to be a "paleo-salar," hence the name Salar Escondido, which means "hidden
salar" in Spanish.
About NRG Metals Inc.
NRG Metals Inc. is an exploration stage company focused on the advancement of lithium brine projects in Argentina. In addition to the Salar Escondido lithium project, the Company is evaluating the 3,287 hectare
Hombre Muerto North lithium project ("HMN") in the province of Salta. HMN is located at the northern end of the prolific Hombre
Muerto Salar, adjacent to FMC's producing Fenix mine and Galaxy Resources' Sal de Vida development
stage project. The Company has filed an Environmental Impact Study and applied for permits to drill HMN, and approval is pending.
A National Instrument 43-101 ("NI 43-101) technical report on HMN was filed on SEDAR on October 16,
2017.
The Company currently has approximately 105 million shares issued and outstanding, and trades on the TSX Venture Exchange
under the symbol NGZ, on the OTCQB Market under the symbol, NRGMF, and on the Frankfurt Stock Exchange under the symbol,
OGPN.
On behalf of the board of directors of NRG Metals Inc.:
Adrian F.C. Hobkirk
President and C.E.O.
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 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.
T: Investors / Shareholders Call 855-415-8100 / Direct to Adrian Hobkirk +1-714-316-3272,
E:ahobkirk@nrgmetalsinc.com
W:http://www.nrgmetalsinc.com
SOURCE NRG Metals Inc.