Grid Metals Corp. announced the acquisition of mineral rights comprising the Falcon West Lithium Property (the Property) which is located approximately 110 km east of Winnipeg, Manitoba and 100 km south of the Company's Donner Lake lithium property. The property covers 61,268 hectares and ~70 km of strike length of a highly prospective geological contact zone that features several drill intersected spodumene-rich pegmatites featuring highly anomalous lithium grades.

The initial focus of exploration will be the "ADL" (the ArtDon and Lucy pegmatites) Target Area, which comprises an ~1.25 km trend of outcropping lithium bearing pegmatites. The Company believes the Falcon West acquisition is highly complementary to the Companys' Donner Lake Lithium project as both are located in an infrastructure-rich exploration jurisdiction in proximity to Canada's only current spodumene mining operation (the Tanco Mine). Key Attributes of the Falcon West Lithium Property: Spodumene-bearing pegmatites assaying up to 3.51% Li2O over 4.57 metres as part of a 12.2 metre section assaying 2.16%Li2O are noted in historical drill holes (Manitoba Mineral Inventory Card #119, Hole 24, East Braintree Lithium Corp., 1955 - Lucy Pegmatite).

Pegmatites are noted in historic assessment report drill logs along a strike length of over 6 km including the ADL target area. The ADL target is of immediate importance given its >1 km strike length of outcropping and previously drill intersected spodumene-bearing pegmatites. A non-compliant, historical resource* of 226,800 tonnes of 1.75 % Li2O was estimated on a portion of the Lucy Pegmatite .

The Lucy Pegmatite has been described as being zoned, flay lying, well fractionated and similar to the Tanco Pegmatite (Manitoba Assessment File #94845). Validation sampling of the Artdon pegmatite completed earlier this year by Grid returned individual grab sample grades of up to 2.97% Li2O. Most of the ~70 km long prospective geological contact zone has had little or no historical lithium exploration work.

Grid Metals controls 100% of the mineral rights with a 2% NSR royalty held by the vendors of the ADL target area claims but with no NSR royalty on the majority of the Falcon West claims. Canada Highway, major trans-continental rail lines, hydro-electric power lines and the Trans Canada pipeline. The Falcon West Property represents a strategic investment by Grid that is highly complementary to Grid's existing Donner Lake Lithium property on which the Company is currently completing an initial program of resource delineation drilling. The acquisition transforms Grid into a multi property lithium explorer/developer.

Geological Overview and the ADL Target Trend: The property is located within the West Hawk Lake Greenstone Belt area of southeastern Manitoba. Lithium-bearing pegmatites that have been historically known in the area are hosted in mafic volcanics rock units present at the contact between the Wabigoon and Winnipeg River geological Sub provinces. Grid Metals has staked approximately 70 km of this prospective mafic volcanic and granitic contact.

The initial focus for exploration will be on an area of known spodumene-bearing pegmatites herein referred to as the ADL Target. The ADL Target area comprises the known ArtDon, Lucy and Lucy North pegmatites. Several phases of drilling have been completed over the decades by numerous companies including Sherritt Gordon (1943, 19 drill holes - no analytical data), East Braintree Lithium Corp.

(1955, 48 holes for 2,986 metres - limited data as presented in the Manitoba Mineral Inventory Card #119), Tantalum Mining Corporation of Canada Limited (1983, 4 holes 296 metres - tantalum assays only) and Avalon Ventures (2000 - 10 holes lithium and tantalum assays). The last drill holes at the ADL were completed in 2014 by William C Hood (no assays). The Sherritt Gordon and East Braintree Lithium drill programs were completed before assaying data was required to be submitted for assessment purposes in Manitoba.

The Tanco and Avalon exploration focus was on tantalum. The majority of the Avalon drill holes intersected what was describedas a potassium feldspar albite quartz mica pegmatite with plus or minus tourmaline and spodumene. The spodumene has been described in assessment files as being coarse grained and light green to tan in colour.