Strongbow Exploration Inc. announced that it has entered into an agreement with Cornish Lithium Limited (CL), whereby CL has the right to explore for and potentially develop lithium in hot spring brines and associated geothermal energy on all Mineral Rights held by Strongbow through its subsidiary, Cornish Minerals Limited (Bermuda), in Cornwall, UK. The commercial terms of the agreement are: Strongbow will have a 25% free carried interest in the first project to have Bankable Feasibility Study completed on it, after which Strongbow will be required to contribute its share of development costs or its interest will be diluted. Strongbow will have a 10% free carried interest in each subsequent project that has a Bankable Feasibility Study completed on it, after which Strongbow will be required to contribute its share of development costs or its interest will be diluted. Strongbow will have a 2% Gross Revenue Royalty payable from any production of metals from brines and a 2% Gross Revenue Royalty payable from any geothermal energy produced and sold to the National Grid or other system. CL to issue $50,000 in shares to Strongbow after signing of the agreement, such shares to be issued at the price of the first capital raising. CL is entitled to renew its exploration rights on each anniversary of signing the agreement. In the event a Bankable Feasibility Study has been completed by the fifteenth anniversary of the agreement, CL will be entitled to renew its exploration rights by making annual payments to Strongbow of $1,000,000 payable in cash or shares of CL at the election of CL, whereby 50% of the payment ($500,000) will be considered advance royalty payments. If the exploration rights are not extended on any available opportunity under the agreement then Strongbow may terminate the agreement (unless there is a Mining Lease already in place which has not been terminated).