Mr. Rick Wilson reports
EARLY WARNING EXIT
Due to an increase in Lico Energy Metals Inc.'s issued and outstanding share
capital from the exercise of share purchase warrants and subsequent transactions, an early warning
report has been triggered.
Tess McCann currently holds directly 3,155,000 shares and warrants and options to purchase 7.25 million additional common shares of the company, representing approximately 9.80 per cent of the company's current
issued and outstanding shares on a postconversion beneficial share ownership basis. As a result of
these occurrences, Ms. McCann has fallen below the 10-per-cent threshold and no longer has filing
requirements. Prior to the increase in the company's issued and outstanding share capital and Ms.
McCann's subsequent transactions, Ms. McCann's holdings represented approximately 13.05 per cent of the
company's then issued and outstanding shares on a postconversion beneficial ownership basis.
About Lico Energy Metals Inc.
Lico Energy Metals is a well-financed Canadian-based exploration company whose primary
listing is on the TSX Venture Exchange. The company's focus is directed toward exploration for
high-value metals integral to the manufacture of lithium ion batteries.
We seek Safe Harbor.
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