Mr. Adrian Lamoureux reports

92 RESOURCES CORP. SAMPLES 4.72% LI2O AND ANNOUNCES MULTIPLE DISCOVERIES OF HIGH-GRADE LITHIUM-PEGMATITE AT CORVETTE-FCI, QUEBEC

92 Resources Corp. has released lithium-tantalum assay results from its recently completed 2019 summer field program at its Corvette-FCI property. Surface exploration identified several new areas of spodumene pegmatite outcrop, in addition to previously announced gold-silver-copper discoveries (see news releases dated Sept. 10, 2019, and Sept. 17, 2019). Key highlights of the new spodumene pegmatite outcrop discoveries are noted herein:

1. Numerous lithium-bearing pegmatites occur within a corridor exceeding 25 kilometres in length;
2. Southwest of CV1-2, newly discovered CV5 and CV6 pegmatites include a large, well-mineralized exposure of approximately 220 metres by 20 to 40 m (CV5), with eight samples averaging 3 per cent lithium oxide and 154 parts per million tantalum pentoxide, including a peak assay of 4.06 per cent lithium oxide and 564 parts per million tantalum pentoxide;
3. CV7 -- discovery to the northwest of CV1 with assay of 4.44 per cent lithium oxide and 195 parts per million tantalum pentoxide;
4. CV8 -- large area of outcrop exposure with assay of 4.44 per cent lithium oxide and 205 parts per million tantalum pentoxide;
5. CV9 and CV10 -- located in northwest area of FCI West, with mineralized outcrops present over at least a 300 m strike length and multiple assays greater than 2 per cent lithium oxide to a peak of 4.72 per cent lithium oxide;
6. CV11 -- high-grade tantalum pegmatite with assay of 0.66 per cent lithium oxide and 386 parts per million tantalum pentoxide.

Collectively, the new 2019 discoveries of the CV5 through CV11 pegmatites expand the lithium potential of the property considerably and highlight strong potential for lateral continuity. Further, these discoveries have significantly expanded the previously identified lithium exploration corridor across the entirety of the Corvette-FCI property -- in excess of 25 km of prospective trend. This lithium exploration trend is interpreted to reside, with some overlap, between the northern gold exploration trend and the southern copper-gold-silver exploration trend, potentially indicating a large zone of structural weakness within the greenstone belt, which favours spodumene pegmatite emplacement.

Adrian Lamoureux, president and chief executive officer, commented: "We are delighted with the discovery of the high-grade spodumene pegmatites at Corvette-FCI. Although the focus of the program was base and precious metals, we would be remiss if we did not also evaluate the same areas of the property for other commodities that may be valuable and of interest, now or in the near term. As such, these discoveries are very well received and outline a considerable expansion to the lithium exploration corridor previously identified and, thus, also to the lithium potential of the property as a whole."

Lithium pegmatites -- CV5-6-7, 11 (FCI East)

The CV5-6 pegmatite outcrops are located approximately one km southwest and along trend of the previously discovered CV1-2 pegmatites (see news release dated Sep. 11, 2018). The CV5 spodumene pegmatite is the largest discovered to date on the property, with approximate dimensions of 220 m long by 20 to 40 m wide. A total of eight samples were collected, averaging 3 per cent lithium oxide and 154 parts per million tantalum pentoxide, including a peak assay of 4.06 per cent lithium oxide and 564 parts per million tantalum pentoxide. In addition, approximately 400 m farther along trend to the southwest are two closely spaced pegmatite outcrops (CV6), with an assay of 1.39 per cent lithium oxide and 259 tantalum pentoxide to a peak of 3.85 per cent lithium oxide. Both CV5 and CV6 also host a strong tantalum component.

The CV5 and CV6 spodumene pegmatites span a strike length of more than 750 m and are situated approximately one km along trend to the southwest of CV1-2. Collectively, the occurrences outline a prospective core trend of at least two km, with the pegmatites interpreted to potentially interconnect beneath the shallow overburden.

Another well-mineralized spodumene pegmatite outcrop (CV7) was discovered approximately 110 m to the northeast of CV1, with a sample assay of 4.44 per cent lithium oxide and 195 parts per million tantalum pentoxide. The CV11 pegmatite outcrops are also situated in the general area, with a sample assay of 0.66 per cent lithium oxide and 386 parts per million tantalum pentoxide, and more enriched in tantalum, relative to lithium, compared with the other CV occurrences on the property. Both CV7 and CV11 are situated immediately along strike of CV2 and may indicate an interconnection subsurface.

In addition to the mineralized pegmatite outcrop occurrences on FCI East and Corvette, numerous mineralized boulders were also discovered in the area. Several of these boulders are located in the down-ice direction of the well-mineralized CV5-6 pegmatites and are likely sourced from there; however, several are located farther to the south and east, including one assaying 2.72 per cent lithium oxide. This is a strong indication that additional subparallel-trending spodumene pegmatites remain to be discovered in the immediate area.

Collectively, the high number of well-mineralized pegmatites in the area, highlighted by the large CV1 and CV5 exposures, indicate a strong potential that a series of relatively closely spaced/stacked, subparallel and sizable spodumene-bearing pegmatite bodies, with significant lateral and depth extent, may be present.

Lithium pegmatite -- CV8 (FCI West)

The CV8 pegmatite was discovered proximal to the historical Lac Long Nord gold-molybdenum showing (2.95 grams per tonne gold, 3.75 per cent molybdenum) and highlights how past exploration did not document the presence of lithium pegmatite. Two samples were collected, with assays of 2.03 per cent lithium oxide and 117 parts per million tantalum pentoxide as well as 4.44 per cent lithium oxide and 205 parts per million tantalum pentoxide, respectively. The pegmatite is exposed discontinuously with overall dimensions of approximately 80 m long by 10 m wide. The significance of this discovery is further highlighted by its location, being situated approximately eight km along strike to the west-southwest of CV5-6, and 7.5 km to east-southeast of CV9, thereby emphasizing the potential size of the Li mineralizing system at Corvette-FCI. No follow-up work was completed, and the discovery area has not been explored along trend or adjacent to it.

Lithium pegmatites -- CV9-10 (FCI West)

The CV9 and CV10 pegmatite outcrops are within the northwest portion of the FCI West claim block. The primary occurrence is CV9, where five samples returned assays greater than 2.0 per cent lithium oxide to a peak of 4.72 per cent lithium oxide. The mineralization occurs over a series of outcrop exposures spanning a strike length of approximately 300 m. The CV10 pegmatite is located approximately 1.7 km west of CV9, with a sample assay of 1.33 per cent lithium oxide and 255 parts per million tantalum pentoxide.

The CV9-10 spodumene pegmatite discoveries were unexpected and outline an entirely new area of lithium mineralization. No additional lithium exploration was completed during the 2019 program; however, the area is a high-priority lithium target for follow-up with high potential for expansion.

The lithium potential at Corvette-FCI has expanded significantly as a result of the 2019 surface exploration program and is even more so poignant of a statement given it was explored for as a secondary objective to the base and precious metal focus. A total of 11 well-mineralized lithium pegmatite occurrences have now been identified on the property along a prospective exploration trend of at least 25 km, which remains largely unevaluated for lithium pegmatite. The company intends to continue to evaluate the lithium occurrences on the property and advance toward a drill-ready status in a practical and reasoned approach, based on market dynamics and available capital, while at the same time not detracting from its focus on the Maven copper-gold-silver trend and its high-grade Lorraine and Elsass prospects, as well as the gold potential at Golden Gap and Lac Bruno.

Quality assurance/quality control

The 2019 summer exploration program was completed by a crew of four persons over 23 field days, with a total of 680 rock samples collected across the three contiguous claim blocks that comprise the property -- FCI West, FCI East and Corvette. A summary of the base and precious metal results for the program are presented in news releases dated Sept. 10, 2019, and Sept. 17, 2019, while the lithium-tantalum results are presented herein.

All rock samples collected, as well as quartz blanks and certified reference materials, were shipped to ALS Canada Ltd. in Val d'Or for multielement analysis, including lithium, by four-acid digestion with ICP-MS finish (package ME-ICP61) and gold analysis by fire assay with ICP-AES finish (package Au-ICP21). Overlimits for lithium were determined by the applicable ore grade -- four-acid package (Li-OG63). Pegmatite samples were also analyzed for tantalum by lithium borate fusion with ICP-MS finish (package ME-MS85).

Management cautions that prospecting surface rock sample assays, as presented herein, are selective by nature and represent a point location, and, therefore, may not necessarily be fully representative of the mineralized horizon sampled.

Of the 23-field-day program, approximately three-quarters were focused over FCI (East and West), with the remaining quarter over the company's 100-per-cent-owned Corvette claim block. The 2019 exploration of the property is being carried out by Dahrouge Geological Consulting Ltd. and managed out of Quebec.

National Instrument 43-101 disclosure

Darren L. Smith, MSc, PGeo, vice-president of exploration of the company, a permit holder with the Ordre des Geologues du Quebec, a qualified person as defined by NI 43-101, supervised the preparation of the technical information in this news release.

About 92 Resources Corp.

92 Resources is a junior mineral exploration company that is focused on acquiring and advancing strategic and prospective properties that position it strongly for the world's continuing shift to high tech and green technologies, including base and precious metals and lithium.

We seek Safe Harbor.