Mr. Clive Massey reports

ALDEVER ACQUIRES MILLER'S PLAYA LITHIUM PROJECT IN BIG SMOKY VALLEY, NEVADA

Aldever Resources Inc. has entered into an agreement with an arm's-length vendor to acquire a 100-per-cent interest in the Miller's Playa lithium project, comprising 1,920 acres (777 hectares) of contiguous placer claims, located in the Big Smoky Valley, Esmeralda county, Nevada. The Big Smoky Valley is located immediately north of the Clayton Valley, home to Albemarle's Silver Peak lithium mine (in continuous operation since 1967), and is where Pure Energy recently identified an NI 43-101-compliant inferred resource of 816,000 metric tonnes of lithium carbonate equivalent at a cut-off of 20 milligrams per litre in brine (technical report (2015) Spanjers, MS PG).

The Miller's Playa project is located east of ground held by Ultra Lithium, and is approximately 40 kilometres north of the Silver Peak mine. The principal target at the Miller's Playa project is a large northeast-trending gravity low anomaly which is suggestive of an infilled basin. The project directly adjoins Unity Energy Corp.'s Miller's Crossing project to the south. The Big Smoky Valley was investigated with regional reverse circulation drilling in 1979 by the United States Geological Survey and anomalous lithium values were encountered in the basin sediments. The quality and concentrations of lithium brines discovered in the Clayton Valley may be present in the Big Smoky Valley.

Tesla Motors, which in September of 2015 signed an offtake agreement with Pure Energy, is driving the current lithium exploration boom in Nevada. Tesla is building a lithium-ion battery factory, called the gigafactory, just outside of Sparks, Nev., which is scheduled to be operational in 2016/2017. The Miller's Playa project is located about 225 km southeast of the gigafactory site.

Under the terms of the agreement, the company can earn a 100-per-cent interest in the claims by issuing to the vendor 2.7 million common shares within five days of TSX Venture Exchange approval. The company is also obligated to make cash payments of $50,000 within 18 months and $150,000 within 36 months of TSX Venture Exchange approval. A 1-per-cent gross overriding royalty has also been granted to the vendor, of which one-half per cent can be purchased by the company for $1-million. This transaction is subject to TSX Venture Exchange approval.

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