Mr. Jag Bal of Umbral reports

UMBRAL ACQUIRES THE TULE VALLEY LITHIUM EXPLORATION PROJECT

Umbral Energy Corp. has entered into a property purchase agreement with Zimtu Capital Corp. to acquire a 100-per-cent interest in the Tule Valley project, which is prospective for lithium. The property is 4,800 acres and is located approximately 190 kilometres southwest of Salt Lake City, Utah. Access is by an all-weather road from Delta, Utah.

Mineral activity in the area includes Redhill Resources Corp.'s Honey Comb beryllium-rubidium-lithium-rare-earth-element project, 20 km to the north; Crystal Peak Minerals Inc.'s potash-lithium-magnesium project, 60 km to the southeast; Materion Corp.'s Spor Mountain beryllium mine, 30 km to the northeast. Taken from Redhill's Sept. 30, 2011, National Instrument 43-101 reports, initial surface sampling reports assays of 1,500 to 1,700 parts per million lithium. Taken from Crystal Peak's Nov. 18, 2013, NI 43-101 report, lithium values in solution (brine) range from 50 to 200 milligrams/litre lithium. Crystal Peak is an evaporite basin similar to Tule Valley.

The Tule Valley prospect is similar to that of Clayton Valley, Nevada, as they are both closed basin and have similar horst and graben structures. The Tule Valley project requires further exploration, including geophysics and drilling, to evaluate potential for a mass brine deposit.

A three-stage exploration plan is being considered for the project, which may include:

1. Soil/surface sampling, shallow groundwater fluid analysis;
2. High-resolution gravity survey of the Tule basin;
3. Data compilation to allocate drill targets.

The company can earn a 100-per-cent interest in the Tule Valley project by completing the following: issuing three million common shares upon regulatory approval and paying cash considerations totalling $160,000 over the next two years. A 2-per-cent net-smelter-return royalty has also been granted to the vendors, of which half (50 per cent) can be purchased by the company at any time for $1-million.

Jag Bal, president of Umbral, commented: "As demand for lithium rises, particularly with the production of electric vehicles and the energy storage movement, supply concerns have provided an opportunity which Umbral can participate in. Lithium has gone from a steady but relatively obscure commodity to being in extremely high demand this year. For an example of this rising demand, one only needs to point to Tesla's new battery gigafactory, which will need 15,000 tons of lithium carbonate a year just to get started."

Qualified person

The technical content of this news release has been reviewed and approved by Phil van Angeren, a registered professional geologist with APEGA and a qualified person under the provisions of National Instrument 43-101.

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