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Lithium Power International Announces Highly Prospective Western Australia Assets Targeted in Upcoming Drilling and Development Program

• Lithium Power International Limited (LPI) is to start the drilling of its portfolio of highly prospective lithium pegmatite assets in Western Australia (WA), as part of the first stage of its development program.

• Drilling activities will commence in May 2019 and will continue over Q2 and Q3, representing the first stage of the development program on the Tabba Tabba and Strelley lithium properties, located in the Pilbara along the highly productive Tabba Tabba Shear Zone.

• Positive preliminary sampling over the greenstone belts at Tabba Tabba demonstrate elevated concentrations of lithium (up to 689 ppm) in addition to caesium, tantalum, tin and beryllium - all indicators for productive LCT lithium pegmatites.

• The objective of these activities is to define an initial resource that can serve as the base for a Scoping Study and PFS preparation.

• The Shear Zone hosts a significant recent lithium discovery by Fortescue Metals Group (FMG) adjacent to LPI’s Tabba Tabba project. Li2O results of up to 1.2% have been recorded in the belt containing the historical Tabba Tabba tantalum mine and Strelley pegmatites.

• Initial exploration program will consist of 4000 m of drilling, targeting greenstone lithologies at Tabba Tabba hosting a 4.3 km long zone of elevated lithium, along with further drilling on the extension of the greenstone belt north into Strelley.

• Exploration activities on LPI’s Greenbushes properties, adjacent to the world’s largest and highest-grade hard rock lithium mine, will be ramped up once the final access permits are granted.

• LPI continues to evaluate other lithium assets for acquisitions or potential partnerships to further increase the scale of its WA projects.

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