Mr. Toby Mayo reports

FAR RESOURCES IDENTIFIES NUMEROUS NEW TARGETS AT ITS ZORO LITHIUM PROJECT, SNOW LAKE, MANITOBA AND PREPARES FOR FALL DRILLING PROGRAMME

Far Resources Ltd. has identified multiple new exploration targets at its Zoro lithium project in Snow Lake in the mining-friendly province of Manitoba.

Final mobile metal ion (MMI) analytical reports have been received from SGS Mineral Services (Burnaby) for 784 soil samples collected from the project. The new 2018 data define numerous extensions to anomalies identified in previous MMI surveys on the project, thereby increasing the target size for diamond drilling.

In particular, new lithium anomalies are present to the south and west of dike 1, where a recently announced maiden resource has been defined (see press release of July 9, 2018). A number of the new anomalies occur at the limits of sampling and indicate these areas are open and not yet fully defined.

Toby Mayo, president and chief executive officer of Far, commented: "Each round of this highly successful geochemical technique yields further targets. We now have over 30 anomalies for follow-up at Zoro, any of which could yield high-grade lithium dikes of an economic scale. All of the background work has been completed, with every dollar spent on the project having the potential to add significantly to the mineral inventory. We look forward to drills turning in the very near future."

The first round of MMI sampling focused predominantly over the known pegmatite dike swarm. This led to the generation of multiple targets within this area, including the anomaly that led to the drilling and discovery of dike 8, the highest-grade and widest intersection of lithium-bearing pegmatite to date (see press release of May 7, 2018).

The second round of results from the MMI program, which extended coverage to the north and northwest of the existing dike swarm, identified yet further targets. Of these is the hugely encouraging 1.5-kilometre lithium anomaly, which will be further investigated during the fall/winter drilling program currently being finalized (see press release of July 10, 2018).

MMI soil geochemistry results

Samples were collected by a field crew operating from a base in Snow Lake over a period of six weeks. Assessment of quality control assumptions for the data indicates excellent accuracy and reproducibility of the MMI analyses.

The anomalies are high contrast, distinctive and easily recognized from low or background concentrations on the property. As noted, the new lithium anomalies are present to the south and west of the recently announced dike 1 resource. The anomalies occurring toward the edges of previous sampling indicate that targets remain open at the extents of the survey, and are therefore not yet fully defined.

In 2017, drill testing of an MMI anomaly similar to those defined by the current survey resulted in the discovery of the previously unknown dike 8, which hosts high-grade lithium (see press release of May 7, 2018).

So that the proposed fall drill program can commence prior to freeze-up and assess the numerous anomalous responses situated in low-lying ground, Far Resources, in conjunction with Westcore Drilling, has developed a modified drill platform that will stabilize the drill and permit the next planned drill program to commence shortly.

Core samples will be logged, cut, bagged and shipped from Far's core logging and preparation facility in Snow Lake and shipped to Activation Laboratories (Ancaster, Ont.) for the analysis of lithium and a multielement suite referred to as UT-7. This method is based upon a sodium peroxide fusion, which captures total amounts of lithium and related elements in the sample.

About Far Resources Ltd.

Far Resources is actively drilling its Zoro lithium project located near Snow Lake, Man., which covers a number of known lithium pegmatite occurrences. The company has recently acquired an option on the Hidden Lake property in Northwest Territories and is initiating drilling for continuity of spodumene mineralization to depth. In the United States, the company owns the Winston project in New Mexico, a historical mining property with additional potential for silver and gold.

The technical content of this news release has been reviewed and approved by Mark Fedikow, PGeo, a qualified person as defined under National Instrument 43-101.

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