Mr. Darryl Jones reports

JV AGREEMENT ON GREEN ENERGY LITHIUM PROJECT TERMINATED

A key condition precedent to entering into a 50/50 joint venture agreement with Equitorial Exploration Corp. for the Green Energy project in Utah has not been fulfilled, and the joint venture agreement has been terminated. The agreement was announced in a Voltaic Minerals Corp. news release dated Jan. 27, 2017.

As disclosed in the company's Jan. 27, 2017, news release, Voltaic is working to finalize an exclusive right to use a lithium from brine extraction process for the company's Green Energy lithium project in Utah. The process is still in the developmental stage. To date, Voltaic has been working to sign the definitive agreement with the inventors of the process, but some important points have not been agreed upon. However, Voltaic is still negotiating with the inventors and believes that an agreement permitting Voltaic to use the process is still very much achievable.

About Voltaic Minerals Corp.

Voltaic Minerals is a lithium exploration company which owns 100 per cent of the Green Energy lithium property that encompasses 4,160 acres of Bureau of Land Management claims and is located in Grand county, 15 kilometres west of the city of Moab, Utah. Lithium and other minerals occur at the property in an oversaturated brine (40 per cent minerals and 60 per cent water) discovered during oil exploration when drill wells intercepted clastic bed No. 14 of the Paradox formation.

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