Mr. Toby Mayo reports

FAR RESOURCES DISCOVERS FIVE NEW PEGMATITE DYKES AND SIGNIFICANTLY EXPANDS PEGMATITE FIELD AT THE ZORO LITHIUM PROJECT, MANITOBA.

Far Resources Ltd. has completed the fifth diamond drilling campaign and discovered five new pegmatite dikes at its 100-per-cent-owned Zoro lithium project, near Snow Lake in mining-friendly Manitoba. This brings the total number of mineralized pegmatites discovered so far at Zoro to 13 covering at least one-third of the 3,005-hectare property.

Drill program results: discovery of new dikes

The five new dikes were discovered by targeting geochemical anomalies in the northern portion of the Zoro property. Each of the new dikes is spodumene and tantalite bearing, similar to the eight dikes already known on the property.

These new discoveries highlight the potential for a major pegmatite field existing below the till cover while expanding the pegmatite field approximately three kilometres to the north. Furthermore, a new discovery to the south of the dike 1 resource, where 1.1 million tonnes of Li2O (lithium oxide) grading 0.91 per cent has been delineated so far, shows potential for significant expansion to the south, where no exploration has yet taken place.

Intersections of spodumene- and tantalite-bearing pegmatites ranged from 0.2 metre in hole FAR18-46 to 13.4 metres in hole FAR18-56. All samples have been dispatched and assay results are expected in the following month.

Of particular note is the area between dike 8 and newly discovered dike 12 near the northern extremity of the Zoro property. The intervening area of approximately three km is characterized by multiple lithium MMI (mobile metal ion) anomalies defined by exploration in the summer of 2018 but not tested during this drill campaign.

"Once again, Far shows the potential of this exceptional project," stated Toby Mayo, president and chief executive officer of Far. "The scalability is now unquestionable, with at least a third of the property now known to host mineralized dikes. Meanwhile, the property to the west and south of dike 1 remains entirely unexplored. Both areas offer huge potential for the discovery of additional pegmatite dikes."

A total of 3,054 metres of drilling were completed in 22 holes during this exploration campaign, including holes drilled for metallurgy. In total, the five campaigns amount to 8,406 m in 60 holes. Of these, three holes were drilled to complete metallurgical testwork on the dike 1 pegmatite.

Previously, all pegmatite dikes were hosted in one restricted metavolcanic package; however, the new discoveries have shown they occur in a variety of lithologies thus increasing the potential and enlarging the search radius on the property.

The use of mobile metal ions technology to target drilling beneath cover continues to provide a technology to see beneath variable thickness of inorganic and organic soils and postmineralization cover in the search for new lithium-bearing pegmatites. It is a cost-effective and successful approach to exploration on the Zoro project and will lead to more rapid advancement toward estimates for tonnage and grades for the lithium resource on the Zoro project. MMI analyses were performed by SGS Mineral Services (Burnaby, Canada).

A summary of the drill holes that intersected the new pegmatites is given in a table on the company's website and an image on the company's website illustrates the location of all known pegmatite dikes discovered on the Zoro property to date.

Expansion of dike 8

Dike 8 remains open in all directions. It has been intersected by six holes for a total of 682.5 m in two drill programs and shows the potential for considerable tonnage.

Far's drilling has successfully added a new dimension to the morphology of the dike, which now has been shown to have a strike length of at least 85 m, with downdip intersections of 100 m and true thickness of up to 15 m.

Once the assays have been received work will progress to model the body and add it to the inventory.

Sampling, preparation and analysis

Core samples are being logged, cut, bagged and shipped from Far's core logging and preparation facility in Snow Lake to Activation Laboratories (Ancaster, Ont.) for the analysis of lithium and a multielement suite of elements 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.

All core for metallurgy has been forwarded to SGS Lakefield and testing has commenced.

Qualified person

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.

About Far Resources Ltd.

Far Resources is a Canadian battery and technology mineral exploration and development company with projects in Canada and the United States.

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