Sunday, 14 May 2017

Southern Lithium Acquires Additional Claims to Bring Total to 90.3 sq. km in the Pocitos Salar Basin in Salta Province, Argentina

PRESS RELEASE

May 13, 2017

VANCOUVER, Canada –- Southern Lithium Corp. (TSX-V: SNL) (FSE: SL5) (“Southern” or “the Company”) is pleased to announce it has acquired a seventy percent (70%) interest in two additional claim blocks in the Pocitos Salar Basin in Salta Province, Argentina with partner Proyecto Pastos Grandes S.A. (“PPG SA”), a wholly owned subsidiary of Millennial Lithium Corp. (TSX- V: ML).

The Cruz Property is contiguous with the south end of ADY Resources Limited’s (“ADY”) Salar del Rincon project, which has Probable Reserves of 1.2 million tonnes Lithium Carbonate Equivalent (“LCE”) and Measured and Indicated Resources of 3.5 million tonnes Lithium Carbonate Equivalent (“LCE”). ADY project economics consist of ungeared after-tax 9% NPV of $1.36 billion with a payback period of 4.13 years from start of commercial production. Life of mine is approximately 24.5 years with average annual production 50,000 tonnes LCE per annum.

The acquisition costs will be covered under the terms of the formal option agreement dated November 17, 2016 (the “Definitive Agreement”) with Millennial Lithium Corp. Claim one is the Poci 02 and encompasses 3,263 hectares (8,063 acres) and the second claim is the Poci 03 and encompasses 3,264 hectares (8,065 acres).

To earn the additional 10% interest (for an aggregate total 80% interest) in the Property, the Company must, prior to that date which is 6 months after the third anniversary of the Definitive Agreement, complete a bankable feasibility study on the Property.

The transaction remains subject to certain conditions, and includes the final granting of the claims will be subject to approval of Environmental Impact Report (“EIR”). The activities covered in the EIR include geophysics surveys, drilling and future well testing as well as flow rate test programs, and onsite evaporation and processing trials, in addition to infrastructure development as required. This includes roads and drill pads, a camp and facilities for the test evaporation pans and preliminary process testing.

Larry Segerstrom, President of Southern Lithium commented, “Pocitos Salar Basin remains our highest priority lithium target in Argentina. The additional claims essentially triple the property’s size and brings us up against ADY’s advanced Rincon project. With a minimal amount of work, we will have excellent targets for drill testing in 2017.”

About the Cruz Property

Through our partner Millennial Lithium Corp. (TSX.V:ML) (FSE:A3N2) (OTCQB:MLNLF), the Company has executed a formal option agreement with Proyecto Pastos Grandes S.A. (“PPG SA”), a wholly owned subsidiary of Millennial, for the right to earn up to an eighty percent (80%) interest in the PPG SA’s Cruz Property in the Pocitos Salar Basin in Salta Province, Argentina.

The Cruz Property is located in the heart of South America’s Lithium Triangle (northern Chile, northwestern Argentina and southwest Bolivia). The property encompasses 9,027 hectares (22,306 acres) in the Pocitos Salar Basin in Salta Province, Argentina, and is contiguous with and immediately south of ADY Resources Limited’s lithium brine resource in the Salar del Rincón Basin.

The Cruz Property includes the central portion of the Rincon volcanic center which forms the northern limit of the Pocitos Salar Basin and the southern limit of the Rincon Salar Basin, where ADY Resources Limited is extracting lithium brine. Both properties lie along the structural belt that hosts the important lithium resources of the region, and at the junction of a large north-south fault system and the northwest-southeast megastructure along which lies the Rincon volcano, the possible source of the lithium brine in both salar basins.

The 60-kilometre long Pocitos Salar Basin has previously only been drill tested with a shallow 12-hole program in the 1970s by an Argentinean government agency “Direccion General de Fabricaciones Militares”. To date, this is the only confirmed exploration drilling conducted in the Pocitos basin. The hole that produced the best results is near the southeast edge of the Cruz property boundary, and averaged 417 parts per million lithium. Although these results are considered historical and have not been verified by the Company’s QP, the Company considers these results relevant to the future exploration of the property.

About Southern Lithium Corp (TSX-V: SNL FSE: SL5)

Southern Lithium Corp. is a resource exploration company engaged in the business of acquiring and exploring minerals properties. Southern Lithium Corp. has assembled an experienced management team with a growth strategy to develop portfolio of Lithium projects. The Company’s main objective is to add shareholder value through exploration and development of high quality resources through strategic acquisitions, joint ventures, and marketing while maintaining a lower risk profile through project diversification and sound, cost-effective financial management. With the potential acquisition of the Cruz property, Southern Lithium intends to establish its presence in the Pocitos basin and further deliver on its mission to secure technically superior lithium projects. The Company is only focusing on projects of the highest technical merit in favorable geopolitical jurisdictions.

Qualified Persons

The scientific and technical information contained in this news release has been reviewed and approved by Larry Segerstrom, M.Sc. (Geology), P.Geo., a Director of the Company, who is a “Qualified Person” as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

ON BEHALF OF THE BOARD OF DIRECTORS

“Clive H. Massey”
Chief Executive Officer

For further information, please contact:
Southern Lithium Corp.
Sam Eskandari
Phone: +1.416.918.6785
Email: ir@southernlithium.com

Further information about the Company is available on our website at www.southernlithiumcorp.com or under our profile on SEDAR at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws.

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Monday, 1 May 2017

Viscount Mining Identifies Promising Gold and Silver Exploration Targets At Cherry Creek, Nevada


VANCOUVER, Canada – - Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), is pleased to announce the identification of promising gold and silver exploration targets on its 100%-owned Cherry Creek project in northwestern White Pine County, Nevada.

Viscount’s Cherry Creek property has a long history of gold, silver, lead, zinc and tungsten production from high-grade veins and replacement deposits. This included production from the Blue Bird, Fillmore, Last Chance, Exchequer/New Century Mine, Star, Ticup and Motherlode mines. In addition to the historic mines, recent exploration in the Flint Canyon area of the Cherry Creek property recognized stratigraphic, structural and geochemical characteristics that are similar to those at sediment-hosted gold mines in eastern Nevada, including Newmont’s Long Canyon Mine and Pilot Gold’s Kinsley Mountain Mine. 

Now, new data collected by Summit Mining Exploration Inc. (Summit) on the Cherry Creek property shows several areas with strong gold and silver exploration potential that have not yet been adequately tested by focused geologic work or drilling.

In December 2016, Summit completed the second full year of an evaluation program that was part of fulfilling an earn-in agreement on the Cherry Creek project. The Summit program included comprehensive geologic mapping of the claim block, extensive soil and rock-chip sampling, and two distinct programs of reverse-circulation exploration drilling. Viscount has now received all of the high-quality data from the Summit program, including: geologic maps, multi-element analyses of the surface samples and drill cuttings, lithologic logs from the drill holes, and accompanying digital maps and databases.  The data also included subsurface interpretations and comprehensive summary reports prepared by the Summit exploration team, which included geologists from Rangefront Geological of Elko, NV. The Summit program identified several areas with favorable geologic settings and geochemical signatures that were not further evaluated.  The acquisition of the Summit database allows Viscount geologists to delineate areas with strong exploration potential that have not been fully exploited.

Viscount Director and senior geologist, Mark Abrams said, “Summit conducted a very solid program on which we can build. The geology of the Cherry Creek district remains very permissive for finding precious and base metal deposits and we intend to advance the project forward utilizing our knowledge of the district and surrounding areas, and our extensive database.” 

Viscount is currently vetting the following exploration target areas for further work in 2017:

Flint Canyon

The Flint Canyon area was the focal point of the Summit 2016 exploration program.  It is on the northwest side of the claim block, three kilometers west of the historic mining district.  The Flint Canyon area had no historic production and displays very little evidence of modern exploration.  Rock-chip and soil sampling identified widespread anomalous gold in jasperoid and silicified breccias, primarily along the contact between Marjum limestone and Dunderberg Shale, but also locally along the Notch Peak Limestone/Pogonip Formation contact.  Elevated levels of gold in rock-chip samples were commonly on the order of 0.1–0.5 g/t, although were locally as high as 4 g/t Au. The stratigraphic section and geochemical signature encountered at Flint Canyon resembles those at the two currently operating mines in the region. Sediment-hosted gold mineralization at the Newmont Long Canyon Mine occurs near the Pogonip-Notch Peak contact.  At the Pilot Gold Kinsley Mine, the primary zone of oxidized disseminated gold mineralization occurs along the contact between the Dunderberg Shale and Hamburg Formation (Marjum equivalent).

Summit conducted a 32-hole reverse-circulation drilling program in the fall of 2016 designed to test surface gold anomalies on the west side of the Flint Canyon gold anomaly.  Drill holes encountered anomalous gold in several stratigraphic positions. In general, the strongest gold concentrations occurred in near-surface silicified zones in the Marjum limestone.  Elevated gold concentrations also occurred in local silicified zones along the Dunderberg/Marjum contact, in collapse breccias and silicified strata in the Pogonip Formation, and in silicified breccia in undifferentiated dolomite. Intercepts with the highest gold grades were commonly between 5 and 30 meters thick with average concentrations between 0.1 and 0.4 g/t Au.  The maximum gold concentration encountered in the program was 4.03 g/t in a 3-meter thick sample of strongly altered dike.

The lack of disturbance from historic mines and the absence of existing roads through the Flint Canyon anomaly greatly influenced the 2016 drilling program.  The targets on the west side of project area were tested because they required the least of amount of new road to be built for access, which expedited the permitting process with the BLM. Strong exploration targets defined by structure, stratigraphy, and gold in surface samples are scattered throughout the Flint Canyon anomaly, which covers an area approximately two kilometers long and one kilometer wide.  Future exploration programs in the area will process existing data, acquire new data, rate the targets, and determine the best methods to access the strongest targets for exploration drilling. 

Silver Canyon

The Silver Canyon area had historic silver production in the northeast corner of the claim block.  Recent exploration was limited to geologic mapping at a scale of 1:2500 and scattered rock-chip sampling.  The historic mines produced high-grade silver from jasperoid breccia zones along the contact between Dunderberg Shale and Marjum limestone. Rock-chip samples collected in the Summit program from the Silver Canyon (Blowout Mine) ore zones had silver concentrations in the 200500 g/t range, and commonly displayed weakly anomalous gold.

In addition to the historic silver mines, the Silver Canyon area displays structural and stratigraphic similarities to the Flint Canyon area. A thick section of Dunderberg Shale crops out with strong local jasperoid development along the lower contact with the Marjum limestone.  The Dunderberg/Marjum section in Silver Canyon is truncated on the south by the Black Metal Fault that displays approximately 2 to 3 kilometers of strike-slip displacement and is commonly associated with mineralization throughout the Cherry Creek property.  Several scattered rock-chip samples from altered limestone on the south side of the Black Metal Fault contained elevated gold concentrations, with a maximum of 0.74 g/t Au. Additional geologic mapping and geochemical sampling could identify viable gold and silver exploration drill targets in Silver Canyon.

Ticup-Doctor’s Cut-Jacob's Cut Areas

Geologic mapping and surface geochemical data from the Summit program identified several gold and silver exploration target areas in the Ticup-Doctor’s Cut-Jacob’s Cut area (Viscount news release, August 5, 2015).  The Ticup Mine was the richest historic silver producer in the district.  In 2015, Summit conducted a limited, 12-hole reverse-circulation exploration drilling program to test some of those targets.  Drill holes encountered elevated silver concentrations in projected extensions of the Ticup ore zone, which is a steeply-dipping silicified breccia along the contact of the Swasey Limestone and Wheeler Shale.  The silver intercepts were commonly between 6 and 12 meters thick and contained silver concentrations between 40 and 117 g/t, with a maximum silver grade of 506 g/t in a 3-meter interval.  In addition to the Ticup targets, a drill hole that tested a down-dip extension of exposed silver-bearing siltstone at the Doctor’s Cut intersected a 27-meter zone with an average grade of 52 g/t Ag.  Similarly, a hole that tested a projected extension of silver mineralization exposed in the Jacob’s Cut encountered a 30-meter interval of Swasey Limestone with an average concentration of 50 g/t Ag.  The results of the 2015 drilling program were discussed in a Viscount news release from February 4, 2016.  Surface geochemistry and subsurface geologic interpretations indicate that additional drilling in this area could extend the mineralized zones and possibly increase the grade of the silver encountered in the holes.

Exchequer-Grey Eagle-Star

The historic Exchequer, Grey Eagle, and Star mines produced gold and silver from high-grade vein deposits on the eastern side of the Cherry Creek property. Recent work in this area included geologic mapping and surface sampling, as well as the review of historic underground maps and assay data. This data indicates that the mineralized zone in the Exchequer Mine could extend beyond the historic mine workings and that a potential intersection of the Grey Eagle and Star veins occurs at depth in an unexplored area between the two mines.  Future exploration drilling could test these concepts.

Lead Mine Canyon

Mapping south of Flint Canyon drill area identified a frontier gold exploration target in Lead Mine Canyon.  The target lies in a 250 x 75 meter exposure of Marjum siltstone. Pods of jasperoid and coarse calcite occur along the limestone/siltstone contact and in minor faults that cut the contact. Four samples of jasperoid from those silicified zones contained gold values between 0.283 and 1.085 g/t. Soil samples from the siltstone commonly contained elevated gold values between 0.02 and 0.1 g/t, with one sample containing 0.5 g/t.  As part of the vetting process, Viscount geologists will be examining this area to determine if it will be included in the 2017 exploration program.

Future Exploration Program For 2017

Viscount Mining is planning for an exploration drilling program to test the strongest of the gold and silver exploration targets delineated by the recent evaluation program, as outlined above. In addition, joint venture partners will be sought to assist in the future exploration of this extensive, highly-prospective property.
Dr. Jamie Robinson, Viscount Senior Consulting Geologist, stated, “The comprehensive, high-quality data collected in the Summit exploration program will allow focused evaluation of gold and silver targets located on the large Cherry Creek claim block, which displays widespread mineral occurrences in a variety of geologic settings.”

Qualified Persons

The scientific and technical information contained in this news release has been reviewed by Dallas W. Davis, P. Eng., FEC., an independent consulting geologist who is a "Qualified Person" as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43- 101").

About Viscount Mining (TSX VENTURE: VML) (OTCQB: VLMGF)

Viscount Mining is project generator and an exploration company with a portfolio of silver and gold properties in the Western United States, including Cherry Creek in Nevada and Silver Cliff in Colorado.

The Cherry Creek Property is focused on exploration in the immediate vicinity of an area commonly known as the Cherry Creek Mining District, located approximately 30 miles north of the town of Ely, in White Pine County, Nevada. Cherry Creek consists of over 400 unpatented and patented claims as well as mill rights, and is comprised of more than 9,000 acres. Cherry Creek includes more than 20 past producing mines including Blue Bird, Chance Mine, Filmore, Last Chance, Exchequer/ New Century Mine, Ticup and Motherlode mines.

The Silver Cliff property in Colorado lies within the historic Hardscrabble Silver District in the Wet Mountain Valley in south-central Colorado in Custer County. The property consists of 96 lode claims where high grade silver, gold and base metal production came from numerous mines during the period 1878 to the late 1896. Subsequently, there was little activity until the late 1960s to early 1990s when the property underwent periods of exploration and evaluation, including at least one prefeasibility study. The major explorers were Freeport, Hecla, Homestake, Moly Corp, Coca Mines and Tenneco Minerals. In January 2017, Viscount Mining reported additional high grade silver intersections from the drill program completed in December 2016.

For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com

ON BEHALF OF THE BOARD OF DIRECTORS                    

“Jim MacKenzie”       
President, CEO and Director                                                           

For further information, please contact:
Viscount Investor Relations
Phone: 1 844 863 3622                                                                                                             

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Viscount Mining Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Viscount Mining Corp. management on the date the statements are made. Except as required by law, Viscount Mining Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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Tuesday, 18 April 2017

Viscount Mining Strengthens Technical Advisory Board with Senior Geologist


VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), is pleased to announce that geologist James P. Robinson, Ph.D., has consented to join the Company's technical advisory board. As advisor to Viscount’s technical board he will be called on to provide insights based on his deep knowledge of Nevada, structural geology, precious-metals deposit models, and exploration techniques.

Recently, Dr. Robinson was a senior consulting geologist for Summit Mining Exploration, Inc., a wholly owned subsidiary of Sumitomo Corporation and was involved with all aspects of the initial two-year evaluation program of Viscount Mining’s Cherry Creek property. His responsibilities included comprehensive geologic mapping, geochemical sampling, drill target generation, drilling supervision, and subsurface interpretations.

Dr. Robinson has over 35 years of experience as a professional geologist, including approximately 30 years in precious metal exploration. Most of his mineral experience has focused on frontier and early-stage exploration in the eastern and southern Basin and Range of Nevada and Utah. This included managing successful exploration programs for Alta Gold Company, Pilot Gold Company, DNI Metals, and Battle Mountain Exploration Company.  Dr. Robinson was instrumental in the development of the Alta Gold Griffon Mine from grassroots discovery through production and the Alta Gold Kinsley Mine from development drilling to the discovery of several satellite deposits.

Dr. Robinson holds a Ph.D. in Geological Sciences from Cornell University, an M.S. in Geology from the University of Southern California, and a B.S. in Geology from Ohio University. He is a Registered Professional Geologist in the states of Utah, Idaho, and Arizona.   

Dr. Robinson stated, "I am very pleased to join the Company's advisory board. With my time on the Cherry Creek project, I feel it represents a rare opportunity in eastern Nevada to be the first modern comprehensive exploration program to evaluate a mining district with historic production of gold, silver, tungsten and base metals. In addition to the high-grade veins and replacement deposits exploited in the historic mines, recent geologic mapping, sampling, and limited drilling identified disseminated sediment-hosted gold in a previously unexplored area of Cherry Creek. The stratigraphic section, geochemical signature, and structural and igneous history of the sediment-hosted gold occurrence at Cherry Creek shares characteristics with modern gold mines in the general vicinity, including the Newmont Long Canyon Mine and Pilot Gold Kinsley Mountain Mine.  Subsequent exploration will further delineate gold anomalies defined by recent field work and greatly enhance the potential of finding an economic gold deposit in the subsurface."
Kaare Foy, Chairman of Viscount stated, "Dr. Robinson will collaborate closely with Viscount's management to provide guidance and recommendations to help Viscount set the direction of the company's roadmap and strategic initiatives at Cherry Creek as the company accelerates exploration and development plans."

About Viscount Mining (TSX VENTURE: VML) (OTCQB: VLMGF)

Viscount Mining is project generator and an exploration company with a portfolio of silver and gold properties in the Western United States, including Cherry Creek in Nevada and Silver Cliff in Colorado.

The Cherry Creek Property is focused on exploration in the immediate vicinity of an area commonly known as the Cherry Creek Mining District, located approximately 30 miles north of the town of Ely, in White Pine County, Nevada. Cherry Creek consists of over 400 unpatented and patented claims as well as mill rights, and is comprised of more than 9,000 acres. Cherry Creek includes more than 20 past producing mines including Blue Bird, Chance Mine, Filmore, Last Chance, Exchequer/ New Century Mine, Ticup and Motherlode mines.

The Silver Cliff property in Colorado lies within the historic Hardscrabble Silver District in the Wet Mountain Valley in south-central Colorado in Custer County. The property consists of 96 lode claims where high grade silver, gold and base metal production that came from numerous mines during the period 1878 to 1894. The property underwent substantial exploration between 1967 and 1984 for the purpose of defining mineral inventories. The major explorers were Freeport, Hecla, Homestake, Moly Corp, Coca Mines and Tenneco Minerals. In January 2017, Viscount Mining reported additional high grade silver intersections from the drill program completed in December 2016.

For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com

ON BEHALF OF THE BOARD OF DIRECTORS                    

“Jim MacKenzie”       
President, CEO and Director                                                           

For further information, please contact:
Viscount Investor Relations
Phone: 604-960-0535                                                                                                    


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Viscount Mining Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Viscount Mining Corp. management on the date the statements are made. Except as required by law, Viscount Mining Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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Wednesday, 29 March 2017

Viscount Mining Releases Results of Exploration Program at the Cherry Creek Silver-Gold Project, Nevada


VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), reports that in 2016 Summit Mining Exploration Inc. (Summit) continued an ongoing mineral exploration and evaluation program in the Cherry Creek mining district of northern White Pine County, Nevada as part of their earn-in agreement with Viscount. Rather than explore the previously producing areas of the Cherry Creek property which encompasses just about all of the historical silver, silver gold-base metal and tungsten mines located in the Cherry Creek Mining District, Summit elected to focus their 2016 exploration program on a reverse‐circulation drilling program in the Flint Canyon area which they discovered in 2014‐15 to have anomalous gold in soil and rock chips. The area has no historic mines and had only minimal modern exploration prior to Viscount and Summit.

Summit’s initially proposed 2016 program was expanded to include: (1) drilling 32 reverse-circulation (RC) holes in the Flint Canyon target area; (2) geologic mapping at a scale of 1:2500 in the area south and west of the Flint Canyon target and in the north end of Silver Canyon, several kilometers to the east; (3) collection of 412 rock‐chip samples for geochemical analysis; and, (4) collection of 1868 soil samples for geochemical analysis in a grid that covers the Flint Canyon target area with extensions in all directions.

The 32 RC holes at Flint Canyon combined for 5,369 total meters (17,615 feet). They were drilled with variable azimuths and inclinations from eleven distinct pads to depths ranging from 86.9 to 304.9 meters. Formations encountered in the drill holes included Marjum limestone, Dunderberg Shale, Notch Peak Formation, Pogonip Formation, and undifferentiated dolomite (OSD). In general, the strongest gold concentrations occurred in near surface silicified zones in the Marjum limestone.  Gold intercepts occurred in local silicified zones along the Dunderberg/Marjum contact, in collapse breccias and silicified strata in the Pogonip Formation, and silicified breccia in undifferentiated dolomite.  Twenty‐one of the 32 holes included at least one sample interval with 0.100 g/t Au and two holes returned samples with greater than 1.00 g/t Au, with a maximum of 4.03 g/t gold in a single sample of a strongly oxidized, decomposed felsic dike in Hole CC021. The best multi‐sample intercept was by hole CC021 with 0 to 18.3 meters averaging 0.438 g/t Au, including the 4.03 g/t altered dike.  Five of the holes had intercepts of at least 10 meters with average gold concentrations of 0.100 g/t or greater.  Mineralized zones with elevated levels of gold display few associated geochemical anomalies, although weakly enhanced concentrations of arsenic (<200 and="" barium="" locally.="" o:p="" occur="" ppm="">

According to Summit’s report “the results of the 2016 drilling program could be interpreted to indicate that Flint Canyon is on the distal edge of a large disseminated gold system.”

None of the 32 holes were surveyed. Drill data density is insufficient to estimate true thickness of the mineralized intervals reported above.

Mapping south of Flint Canyon drill area identified a frontier‐level gold exploration target in Lead Mine Canyon. The target lies in a 250‐ x 75‐meter exposure of Marjum siltstone. Pods of jasperoid and coarse calcite occur along the limestone/siltstone contact and in minor faults that cut the contact. Four samples of jasperoid from those silicified zones contained gold values between 0.283 and 1.085 g/t. Soil samples from the siltstone commonly contained elevated gold values between 0.02 and 0.1 g/t, with one sample containing 0.5 g/t.

In Silver Canyon, jasperoid outcrops along the contact between Dunderberg Shale and Marjum limestone are locally enriched in silver, 200‐500 g/t, and commonly display low anomalous gold.

Summit has elected to exit the agreement and has given Viscount all the exploration data and information. Viscount now has complete control of the Cherry Creek property. 

Summit considers that there is still potential to find Kinsley Mine and Long Canyon type gold deposits on the property as outlined in this quote from their 2016 Exploration Report on Cherry Creek:

“In addition to the Flint Canyon area displaying the potential for a Kinsley Mine analogue, anomalous gold in soil and rock‐chip samples from the Pogonip Formation indicate that there could be a disseminated gold deposit at depth that is analogous to Newmont Mining Corporation’s Long Canyon Mine currently in production. At Long Canyon, disseminated gold mineralization occurs in a lenticular and laminated limestones as well as collapse breccias in the lower Pogonip Formation and in laminated limestone and siltstone at the base of the Notch Peak Formation near the contact with the Dunderberg Shale.”

In addition to follow up work required on untested gold in soil and rock chip samples at Flint Canyon and two targets previously described herein; several other targets exist on the property that warrant drill testing.  These targets will be summarized in a separate news release.

In the meantime Viscount is speaking with interested parties about the Cherry Creek property.

All of the results given in this news release were taken directly from the Rangefront Geological drill report prepared for Summit Mining Exploration Inc. All of the assaying was done by an ISO certified analytical company. Rangefront Geological and Summit geologists do all their work using the best industrial practices.

Quality Assurance/Quality Control ("QA/QC") Measures, Chain of Custody:
The Company has implemented a rigorous QA/QC program using best industry practices at the Cherry Creek Property. Drill core samples are transported in security-sealed bags for analyses at ALS Labs Limited, of Elko, Nevada. Individual samples are labeled, placed in plastic sample bags and sealed. Groups of samples are then placed into durable rice bags that are then shipped. A small ‘B split’ of each sample of drill cutting interval was collected at the rig and archived in secure storage. The sample pulps and rejects will be retrieved from ALS. The insertion of standards, blanks and duplicates as well as logging was conducted by Rangefront Geological and Summit personnel at the property site.

Qualified Persons
The exploration and drill programs were managed by David Tretbar, Summit Exploration’s Executive Vice President, Exploration and Mineral Resources, a Qualified Person as defined by NI 43-101. Mr. Tretbar is a registered Professional Geologist in Arizona (# 48036) and a Certified Professional Geologist (CPG # 11086) with the American Institute of Professional Geologists.

The scientific and technical information contained in this news release has been reviewed by Dallas W. Davis, P. Eng, FEC., an independent consulting geologist who is a "Qualified Person" as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43- 101").

About Viscount Mining (TSX VENTURE: VML) (OTCQB: VLMGF)
Viscount Mining is an exploration company with a portfolio of silver and gold properties in the Western United States, including Cherry Creek in Nevada and Silver Cliff in Colorado. Cherry Creek is comprised of more than 9,000 acres, all 100% owned, and includes more than 20 past producing mines. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past-producing mineral districts of Silver Cliff and Rosita Hills.

For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com

“Jim MacKenzie”       
President, CEO and Director                                                           

For further information, please contact:
Viscount Investor Relations
Phone: 604-960-0535                                                                                                    
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Viscount Mining Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Viscount Mining Corp. management on the date the statements are made. Except as required by law, Viscount Mining Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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Tuesday, 21 February 2017

Southern Lithium's Geophysical Survey Shows Large Brine Target at its Cruz Property, Salta Province, Argentina



VANCOUVER, Canada – – Southern Lithium Corp.  (TSX-V: SNL FSE: SL5)  ("Southern" or "the Company") is pleased to announce that we have been informed by Millennial Lithium Corp. (the “Optionor”), that it has received favorable results from a recently completed ground geophysics program that was previously announced (February 2, 2017) at its Cruz Property (the "Property"), located in the Pocitos salar basin in Salta Province, Argentina.

In early February, the companies completed a Transient Electromagnetic Survey (“TEM”) survey that was carried out by Quantec Geoscience Argentina S.A., (“Quantec”) of Mendoza, Argentina. The TEM covered a total of 16 points covering 20.25 square kilometres, on a 4500 metre-by 4500 metre (m) grid, at 1500 meters spacing. 

The TEM results show a continuous north-south trending conductive unit over a distance of more than 6 kilometres.  In comparison to other salar basins in the region, highly conductive readings generally indicate a high content of brine.  Salar brines in the “Lithium Triangle” of Argentina, Bolivia and Chile typically contain high levels of lithium.

The spacing of the survey points leads to an interpretation of conjoined oval-shaped areas underlain by brine. The overall basin however is shaped by strong north-south and northwest southeast faulting. Highly conductive readings have generally been found to indicate a high content of lithium brine in most other salar basins in the area. 

In the central core of the property the indications of brine appear as shallow as 30 metres, below a compact near surface halite layer and to a depth of 250 metres.  Due to the highly conductive nature of the anomaly, survey readings were limited to a maximum 250 metres.  

The results of the geophysics survey are interpreted to be very positive, suggesting a large area of brine at shallow depths and extending to over 250 metres of depth. A 2-hole drilling program is planned to commence on approval of the addendum to the existing exploration environmental impact report, anticipated in March.

Company CEO Clive Massey states: “We are extremely encouraged with the results of the geophysics and we are pleased with the level of participation investors have shown in the recently announced Private Placement. This financing will be another significant step forward for Southern as it continues to build shareholder value and execute on raising the funding necessary to accelerate the advancement of the exploration efforts at the Cruz Property in Argentina."

Millennial’s COO Iain Scarr states: “The results of the geophysics program thus far appears to confirm our assertion that the Pocitos basin is highly likely to host significant quantities of lithium brine. Its proximity to other large resources, the structural setting, and known chemical indicators are reinforced by these results in justifying and targeting exploration drilling. We are very encouraged by this program, and are grateful to Quantec Argentina for their quality work and thoughtful interpretation. Our plan now is to commence the drilling program as soon as permitting allows. We look forward to reporting further results.”

About Quantec
Quantec Geoscience is a geophysical survey company specializing in ground-based electrical and EM surveys. Quantec offers a full turnkey solution to customers – from project planning all the way to final interpretation. Quantec has been a geophysical survey acquisition company, and it prides itself for the quality of their field work. The 5,000+ and counting surveys conducted by Quantec have been located in basically any and every type of environment found on the planet.

About TEM
TEM uses electromagnetic impulse excitation to investigate the subsurface. It is a variation of the electromagnetic method in which electric and magnetic fields are induced by transient pulses of electrical current in coils or antennas instead of by continuous current. TEM surveys have become the most popular surface EM technique used in exploration for minerals and groundwater and for environmental mapping. Ohm is the unit of measurement of electrical resistance in a material. One ohm is the resistance in a circuit when one volt maintains a current of one amp.

Qualified Persons
The scientific and technical information contained in this news release has been reviewed and approved by Larry Segerstrom, M.Sc. (Geology), P.Geo., a Director of the Company, who is a “Qualified Person” as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

The exploration program is being managed by Iain Scarr, Millennial Lithium Corp., Chief Operating Officer, and a Qualified Person as defined by NI 43-101. Mr. Scarr is Certified Professional Geologist (CPG) with the American Institute of Professional Geologists.

Southern Private Placement
As previously announced on February 7, 2017, the Company announced a non-brokered private placement of 4,000,000 units (each “Unit“) at a purchase price of $0.25 per Unit, for gross proceeds of up to $1,000,000. Each Unit will consist of one (1) common share (“Common Share“) of the Company and one (1) non-transferable share purchase warrant (“Warrant“).

Each Warrant will entitle the holder to acquire one (1) Common Share at an exercise price of $0.35 for a period of 18 months from the closing date of the Private Placement. In the event that the Company’s common shares trade at a closing price greater than $0.50 per share for a period of 10 consecutive trading days at any time after the closing date, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date hereafter referred to as the (“Forced Conversion Feature“) on which such notice is given by the Company.

The private placement is subject to TSX Venture Exchange approval. There will be a hold period of four months and one day on all securities issued under this financing.

About the Cruz Property
Through its partner Millennial Lithium Corp., the Company has executed a formal option agreement with Proyecto Pastos Grandes S.A. (“PPG SA”), a wholly owned subsidiary of Millennial, to be granted an option to acquire an eighty percent (80%) interest in the PPG SA’s Cruz Property in the Pocitos Salar Basin in Salta Province, Argentina.
The Cruz Property is located in the heart of South America’s Lithium Triangle (northern Chile, northwestern Argentina and southwest Bolivia). The property encompasses 2,500 hectares in the Pocitos salar basin in Salta Province, Argentina, and lies 11 kilometres south of ADY Resources Limited’s lithium brine resource in the Salar del Rincón Basin.
The Cruz property is adjacent to the Rincon volcanic center that defines the southern limit of the Rincon salar basin, where ADY Resources Limited is extracting lithium brine, and the northern limit of the Pocitos salar basin, where the Cruz property is located. Both properties lie along the structural belt that hosts the important lithium resources of the region, and at the junction of a large north-south fault system and the northwest-southeast megastructure along which lies the Rincon volcano, the possible source of the lithium brine in both salar basins.
The 60-kilometre long Pocitos salar basin has previously only been drill tested with a shallow 12-hole program in the 1970s, by an Argentinean government agency “Direccion General de Fabricaciones Militares”. To date, this is the only confirmed exploration drilling conducted in the Pocitos basin. The hole that produced the best results is near the southeast edge of the Cruz property boundary, and averaged 417 parts per million; note that these results are considered historical and cannot be confirmed under NI 43-101 standards.

About Southern Lithium Corp (TSX-V: SNL FSE: SL5)
Southern Lithium Corp. is a resource exploration company engaged in the business of acquiring and exploring minerals properties. Southern Lithium Corp. has assembled an experienced management team with a growth strategy to develop portfolio of Lithium projects. The Company’s main objective is to add shareholder value through exploration and development of high quality resources through strategic acquisitions, joint ventures, and marketing while maintaining a lower risk profile through project diversification and sound, cost-effective financial management. With the potential acquisition of the Cruz property, Southern Lithium intends to establish its presence in the Pocitos basin and further deliver on its mission to secure technically superior lithium projects. The Company is only focusing on projects of the highest technical merit in favorable geopolitical jurisdictions.

Further information about the Company is available on our website at www.southernlithium.com or under our profile on SEDAR at www.sedar.com.

ON BEHALF OF THE BOARD OF DIRECTORS             
“Clive H. Massey”
Chief Executive Officer                                                                   

For further information, please contact:
Southern Lithium Corp.
Sam Eskandari
Phone: +1.416.918.6785                                                                                               
Email: ir@southernlithium.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

(Cautionary statement: At this stage there has been insufficient exploration completed such that a mineral resource may be calculated. The potential quantity and grade can only be established with further work, including sampling, which the Company is initiating shortly. It is currently not known if this additional work will result in identifying a mineral resource.)

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws.
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