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Infinite Lithium Corp
Symbol ILI
Shares Issued 58,250,603
Close 2018-08-16 C$ 0.12
Market Cap C$ 6,990,072
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Infinite Lithium drills five m of 1.45% Li2O at Jackpot

2018-08-16 08:18 ET - News Release

Mr. Michael England reports

INFINITE LITHIUM ANNOUNCES CHANNEL AND DRILL RESULTS FROM JACKPOT LITHIUM PROJECT

Infinite Lithium Corp. has released drill core assay results from its continuing exploration program (prospecting, mapping, trenching/channel sampling and drilling) at the Jackpot lithium property, located in the Georgia Lake area of the Thunder Bay mining division, Ontario. The company is currently drilling hole 39 (J-18-38) of a plus-42-hole (plus 7,100 metres) program targeting multiple spodumene-bearing dikes in the Jackpot main area. Drill core results from holes J-17-01 and J-18-01 through 14 have been released (see news releases dated March 3, 2018, and April 18, 2018).

Michael England, president of Infinite Lithium, commented: "Surface prospecting, geological mapping and trenching continues to uncover new spodumene-bearing pegmatites and contribute to the geologic model, with results to be incorporated into a future National Instrument 43-101 mineral resource estimation. All our drilling to date has focused on the main Jackpot area with a goal of building lithium resources on a minimum of two dike systems. Prospecting and trenching indicate an extensive surface pegmatite field with good continuity along strike and wide exposures of spodumene-bearing pegmatite. This surface target could make for an excellent future low-cost mining scenario. At the same time our drilling program continues to intersect and delineate the main Jackpot pegmatite (dike No. 2) which comes to surface and dips at about 30 degrees northwestward. The exploration team is currently detail channel sampling more than 10 targets outside of the main Jackpot area and continues to make new pegmatite dike discoveries across the Jackpot property. Recent channel sample results from the main Jackpot area returned intercepts with excellent grades of up to 3.35 per cent lithium oxide over two metres."

     CHANNEL SAMPLES RESULTS TAKEN FROM THE MAIN JACKPOT AREA

Channel            From             To      Intercept           Li2O
                    (m)            (m)            (m)            (%)

A3-CH1             0.00           6.00           6.00           1.03
incl.              3.00           6.00           3.00           1.77
A3-CH2             0.00           8.00           8.00           1.34
incl.              0.00           1.00           1.00           1.68
incl.              3.00           8.00           5.00           1.80
incl.              4.00           7.00           3.00           2.70
A3-CH3             0.00          10.50          10.50           1.88
incl.              0.50           9.50           9.00           2.19
incl.              1.50           8.50           7.00           2.69
incl.              4.50           6.50           2.00           3.35
A5-CH1             0.00           4.60           4.60           1.09
incl.              2.00           3.00           1.00           1.81

Channel samples were cut through exposed pegmatite at right angles to strike and do not represent contact to contact widths. Further trenching is required to expose the contacts and channel sample lengths will be extended to encompass the entire width of the exposed pegmatite dikes.

Latest assays from the main Jackpot area diamond drilling program include the those shown in the associated table.


Drill hole                          From        To       Intercept       Li2O
                                     (m)       (m)             (m)        (%)

J-18-15                            46.00     50.00            4.00       0.92
incl.                              47.00     50.00            3.00       1.01
and                                52.00     55.18            3.18       1.00
and                                61.00     65.33            4.33       1.33
incl.                              64.00     65.33            1.33       1.86
J-18-16        no significant intercepts
J-18-17        no significant intercepts
J-18-18                            13.20     19.20            6.00       0.86
incl.                              14.20     15.20            1.00       2.25
and                                70.70     75.65            4.95       1.07
incl.                              72.65     73.65            1.00       1.36
J-18-19        no significant intercepts
and
J-18-20                            26.77     29.50            2.73       1.79
incl.                              28.50     29.50            1.00       2.35
and                               139.00    140.00            1.00       0.62
J-18-21                           131.29    135.80            4.51       0.23
and                               149.42    154.35            4.93       0.75
incl.                             149.42    150.42            1.00       1.24
incl.                             153.35    154.35            1.00       1.47
J-18-22                       no samples    151.00 needs deepening         --
J-18-23        no significant intercepts
J-18-24                            13.00     18.00            5.00       1.45
incl.                              13.00     16.00            3.00       2.01
incl.                              13.00     15.00            2.00       2.82
and                               138.00    143.00            5.00       0.99
incl.                             140.00    143.00            3.00       1.18
J-18-25                           118.43    126.26            7.83       0.38
and                               124.43    126.26            1.83       0.71

Significant intercepts are considered to be intersections of greater than 1.0 metre grading greater than 0.3 per cent Li2O. Although drill holes J-18-16, 17, 19 and 23 did not return significant lithium grades they did contain intercepts of anomalous lithium concentrations. Drill hole J-18-22 was stopped short of its target (main zone dike No. 2) and is currently being extended.

The company is well financed to continue the current drilling program and expand the surface exploration program, directed at collecting enough information to complete a maiden National Instrument 43-101 technical report and mineral resource estimation later this year.

The technical contents of this news release were approved by Dr. Scott Jobin-Bevans, PGeo, a qualified person as defined by the National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report.

Infinite Lithium is a junior mining exploration company focused on seeking and acquiring world-class lithium projects globally. Infinite Lithium continues to evaluate suitable prospects that fit the mandate of the company.

We seek Safe Harbor.

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