LEXI Announces Positive Geophysical Results Interpreted as a Thick, Continuous Brine Discovery at Antofalla Salar

TORONTO, March 27, 2018 (GLOBE NEWSWIRE) — Lithium Energi Exploration, Inc. (TSXV:LEXI) (“LEXI” or the “Company”) is pleased to announce positive results from its initial geophysical surveys on each of the first three concessions studied in the northern section of its holdings in the Antofalla Salar.  Interpreted brine horizons were detected throughout the entire 80 km² area of these concessions, inferring the possibility that lithium-bearing brine exists beneath the properties in the northern area of the Antofalla Salar. The survey results received to date indicate that conductive horizons have been detected from just below surface to as much as 400 meters in depth.

LEXI’s Director of Exploration, Miles Rideout, noted, “Having conducted or supervised the acquisition of thousands of kilometers of TEM soundings in brine environments over the last thirty years, I’m pleased to report that the initial geophysical results exceeded our expectations. The highly conductive units encountered correlate with known brine aquifers and these data allow us to follow these target zones under areas of thick cover.”