Nevada Lithium Resources Inc. and its 50% partner in the Bonnie Claire Lithium Project Iconic Minerals Ltd. provided core assay results for an additional two drill holes completed at the Property, located in Nye County, Nevada. The lithium grades of these two drill holes – BC2202C and BC2204C – demonstrate a very similar lithology- and grade-depth profile as that of the previously reported core holes BC2201C and BC2203C. Each of the drill holes contains a strong lithium grade near-surface (~750 to 1,100 ppm Li) to a depth of approximately 380 ft to 450 ft, a low-grade central section, and a high-grade section at depth (~1,000 to 2,200 ppm Li) over an interval of approximately 650 to 1,000 ft, and ending in strong mineralization in some holes1.

The mineralized intervals at depth include some individual sample grades exceeding 4,000 ppm Li, including wide and high-grade intervals highlighted by drill hole BC2203C with 3,201 ppm Li over 520 ft. plan map, geology section, and section with lithium values is presented figure 2. Three holes form a nearly east-west section with the last path of the section nearly north-south. The geology section interprets a continuous, nearly flat sediment layer in all four (4) holes.

Lithium-rich fine-grained sediments, consisting of mudstone and claystone, are separated by relatively unmineralized sandstone. A second, deeper sandstone unit is intersected in the two western-most holes and is underlain by conglomerate. The lithium value section presents all +600 ppm Li core assay results.

The sections illustrate a good correlation between both logged lithology and lithium grade between holes. The Operator, Iconic Minerals, is currently completing the drilling of BC2205C located one-half mile east of BC2203C. The current core hole is expected to be completed and in for assay before the end of the year.