Mr. Jack Bal reports

EQUITORIAL EXPLORATION CORP. SIGNS JV AGREEMENT WITH VOLTAIC MINERALS CORP. ON GREEN ENERGY LITHIUM PROJECT

Subject to the approval of the TSX Venture Exchange, Equitorial Exploration Corp. has entered into a 50/50 joint venture (JV) agreement with Voltaic Minerals Corp. on the Green Energy lithium project in Utah, 30 miles southwest of Moab.

As per the agreement and subject to exchange approval, Equitorial has the right to participate on a 50/50 basis on all future work relating to the Green Energy lithium project. For this right, Equitorial will invest $250,000 into Voltaic through a private placement and reserve five million shares of Equitorial to be issued upon successful completion of production of lithium from the Green Energy lithium project using Voltaic's proprietary lithium process. The JV will have the right to utilize the process on the Green Energy lithium project and any other project that it deems suitable on a project-by-project basis. Equitorial and Voltaic, within the JV, will work to locate other projects that would be suitable for the process and proceed on a 50/50 JV basis.

Green Energy lithium property

As reported by Voltaic in its news release on Jan. 27, 2017, the Green Energy lithium project property encompasses 4,160 acres and is located 30 miles west of the city of Moab, Utah. Saturated brines (40 per cent minerals and 60 per cent water) were discovered during historic oil exploration when drill wells intercepted clastic unit No. 14 of the Paradox formation. Upon interception of clastic unit No. 14, at depths of approximately 6,000 feet, the exploration wells encountered blowouts due to the overpressurized system. Historic fluid analysis of the saturated brines on the Green Energy project ranged from 81 milligrams per litre to 174 milligrams per litre lithium, and as high as 1,700 milligrams per litre, from the same clastic unit No. 14, less than 900 metres to the east-northeast on an adjacent property. Approximately 20 wells were drilled on the Green Energy project, of which five have analytical data for lithium.

Engineering reports from the 1960s concluded that the brine reservoir is extensive (over 10 square miles) and is recharged from fresh inflows as indicated by well pressure measurements, drawdown tests and oxygen-deuterium isotopes. Clastic unit No. 14 consists of 30 feet of shale, anhydrite and dolomite, and is not part of any oil reservoir.

Voltaic Minerals has conducted a review of recent and historic well logs, along with chemical analysis in the area and reprocessing of seismic data focusing on mineral brine. Evaluation of reservoir potential will be done in preparation for the re-entry of shut-in wells.

The company further wishes to announce that it has granted 1.5 million common shares to directors, employees and consultants pursuant to incentive stock options under the company's rolling stock option plan. The options granted will be set for a five-year period, expiring on Jan. 27, 2022, at the exercise price of 5.5 cents per share. This transaction is subject to TSX Venture Exchange approval.

About Equitorial Exploration

Mag One Products Inc. has granted Equitorial Exploration a first right to a 50/50 joint venture to finance equally the construction of the first magnesium and refining production facility for use by Mag One to produce magnesium metal and related products by using its proprietary magnesium metal technology. The project is in Danville, Que., where Mag One has access to 50 million tonnes of already mined serpentinite tailings comprising approximately 22 per cent magnesium.

Equitorial has also acquired a 100-per-cent interest in seven minerals claims located in the Northwest Territories, Canada, known as the Li property, which hosts the Little Nahanni pegmatite group lithium-cesium-tantalum pegmatite dikes. In the summer of 2017, the company is anticipating a field program comprising diamond drilling, channel sampling, geological mapping and prospecting on the Li property.