VANCOUVER, British Columbia, June 14, 2018 /PRNewswire/
-- NRG Metals Inc. ("NRG" or the "Company") (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt: OGPN) the Company
is pleased to report that assays for double packer samples collected over the interval from 100 to 300 meters of the first core
have been received, and average 888 mg/L lithium with a relatively low Mg to Li ratio of 3.0 to 1.0. These values are very
similar to those returned for the first 100 meters of the hole, indicating the presence of a remarkably consistent high-grade
brine. The assay results are shown in the table below.
The hole has been completed to the targeted depth of 401 meters, and the drill has been moved approximately 2.2 kilometers to
the east where drilling on a second core hole is underway. As of June 12, the hole had
advanced to a depth of 151 meters mostly in clastic sediments consisting of poorly consolidated sandstone and conglomerate.
José de Castro, Chief Operating Officer of NRG Metals Inc., commented, "We are very excited about the outstanding results
from our first hole. The results continue to exceed our expectations. These high grades and favorable Mg to Li ratios
have the potential to have a very positive impact on any future capital and operating costs should the economic viability and
technical feasibility of the project be established. We are very encouraged to see the entry of POSCO from South Korea into the Hombre Muerto basin with their pending $ 280 million
purchase of the northern part of the Sal de Vida lithium project from Galaxy Resources Ltd."
The rotary hole located 16 meters east of the core hole has been completed at a depth of 393 meters, and the diameter is being
enlarged by reaming in order to install perforated casing for pumping tests. If the results warrant, this hole can be utilized as
a production well.
The sampling was conducted with double packer equipment over one-meter intervals approximately every ten meters depending upon
conditions in the hole. Samples were not collected from some of the intervals below a depth of 160 meters due to restricted
fluid flow. On site QA/QC for the sampling was directed by Cristian Avila of Montgomery and
Associates of Santiago, Chile under the supervision of Mike
Rosko, also of Montgomery and Associates, a Qualified Person under NI 43-101. The samples were assayed by the Alex Stewart
Laboratory
In Jujuy, Argentina, which is the preeminent laboratory for lithium brine analysis in
northern Argentina. Alex Stewart employed Inductively Coupled
Plasma Optical Emission Spectrometry ("ICP-OES") as the analytical technique for the primary constituents of interest, including
those shown in the table. Alex Stewart maintains a strict internal QA/QC program employing
multiple standards, re-analyses by AA and calculation of ionic balances. NRG inserted one blank sample and three blind duplicate
samples in the sample batch, and all QA/QC results corroborate the analyses reported in this press release. In addition to the
packer samples, sealed core samples have been collected throughout the hole, and these samples will be sent to a laboratory in
the United States for brine release testing.
The project is located in the province of Salta, Argentina 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 preparation of this press release was supervised by Mr. Michael J. Rosko, a registered
professional geologist in the states of Arizona (25065), California (5236), and Texas (6359), and a registered member of Society for
Mining, Metallurgy, and Exploration (#4064687) and a Qualified Person as defined under National Instrument 43-101. Mr. Rosko
approves the scientific and technical disclosure contained in this press release.
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 harbor.
On behalf of the board of directors of NRG Metals Inc.:
Adrian F.C. Hobkirk
President and C.E.O.
T: Investors / Shareholders Call 855-415-8100 / Direct to Adrian Hobkirk 714-316-3272
E: ahobkirk@nrgmetalsinc.com
W: www.nrgmetalsinc.com
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SOURCE NRG Metals Inc.