VANCOUVER, BC, December 9, 2015 – Lithium X Energy Corp. (TSXV: LIX) (“Lithium X” or “the “Company”) is pleased to announce the appointment of David Hawkins as Chief Hydrogeologist for the Company’s Clayton Valley North project.
Mr. Hawkins has over thirty years of experience practicing mining and environmental hydrogeology throughout the western United States and northern Mexico. His broad experience includes groundwater investigations and modeling, supervision of water quality monitoring programs, supervision of large-scale drilling programs for water supply development, and development of water supplies for potable, and industrial use. He was Principal Hydrogeologist for Groundwater Resources Consultants, Inc. of Tucson, Arizona from 1986 to 2000, and has been owner and Principal Hydrogeologist of Barranca Group LLC since 2001.
Mr. Hawkins has degrees from University of Arizona, Northern Arizona University, and a Master’s Degree in Hydrology from New Mexico Institute of Mining and Technology. He is a licensed Professional Geologist in Arizona and California, and an AIPG Certified Professional Geologist.
Lithium X will move the Clayton Valley North project forward through two major scientific evaluation programs: hydrogeology and lithium extraction and recovery processes. Mr. Hawkins will lead the hydrogeology effort.
Mr. Hawkins is assisting Lithium X with designing the initial drill program for the Company’s planned maiden resource estimate. The drill program will identify and characterize aquifers on the property and could help support the full production-stage well network design, including reinjection of brine after the lithium has been extracted.
Tim Oliver, VP Project Development, said the forward-looking work program fits in with Lithium X’s philosophy. “We take a long view. Drilling for the resource definition may not strictly require the type of detailed aquifer characterization we will do in the first phase, but working smart means designing our program to serve multiple needs going forward.”
Mr. Hawkins is a strong addition to the Lithium X team because of his background in both groundwater quality studies and mining, Mr. Oliver added.
“Early on we recognized that a lithium brine project has a closer relationship to groundwater contamination studies than it does to traditional mineral exploration or a production type of project,” said Mr. Hawkins.
About Lithium X Energy Corp.
Lithium X Energy Corp. is a lithium exploration and development company with a focus on becoming a low-cost supplier for the burgeoning lithium battery industry. Lithium X has acquired the option to earn a 100% interest in Clayton Valley North, covering approximately 4,360 acres in northern Clayton Valley, Nevada. The project is contiguous to the only producing lithium operation in North America – Silver Peak, owned and operated by Albemarle (NYSE: ALB), the world’s largest lithium producer. Lithium X is listed on the TSXV under the trading symbol LIX.
For additional information about Lithium X Energy Corp., please visit the Company’s website at www.lithium-x.com or review the Company’s documents filed on www.sedar.com. Join the Company’s email list at https://lithium-x.com/subscribe
ON BEHALF OF THE BOARD OF DIRECTORS
“Paul Matysek”
Paul Matysek
Executive Chairman
FOR FURTHER INFORMATION PLEASE CONTACT:
Brian Paes-Braga Investor Relations
President and CEO, Director Mario Vetro
Tel: 604-609-5137 Tel: 604-687-7130 ext. 105
Email: [email protected] [email protected]
Neither the 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 news release.
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed by such forward-looking statements or forward-looking information, including the business of the Company and the commencement of trading in the Company’s shares. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
