Mr. Michael Dake
reports
BLANTON RESOURCES CORP. ENTERS INTO AGREEMENT TO ACQUIRE AESIR
LITHIUM CORP. AND ITS PORTFOLIO OF QUEBEC LITHIUM CLAIMS
Blanton Resources Corp. has entered into a share purchase agreement to acquire Aesir
Lithium Corp. (ALC). ALC is the beneficial holder of 27 mineral claims in 4 separate claim blocks
(the "Property"). These claims cover approximately 1,485 hectares and host multiple historic
lithium sample results and up to 340ppm Li in a grab sample.
The Aesir Lithium Claims portfolio consists of 4 separate claim blocks located in Quebec, with
one claim block located 30km to the South of Patriot Battery Metals, (TSX-PMET) "Corvette"
property and contain lithium samples from previous historic work programs.
Other Aesir claims covering historic 55ppm Li reported as a tonalite from sample 2012056707 .
This ground is approximately 60km South of Australian listed Winsome Resources, (ASX-WR1),
and approximately 30km South of Patriot Battery Metals, TSX-PMET, CV5 Lithium discoveries.
The Aesir claims covering several historic anomalous lithium values on the Gaspe Peninsula that
were obtained during exploration of rare earth occurrences. Values range from south-eastern
most sample number 1989023054 location which returned 30ppm Li from a gneiss to the north-
western most sample location of sample 1989031832 returning 187ppm Li described as
pyroxenite, over a distance of 3km in between the two samples, with some anomalous lithium
values over the distance.
Another claim that is part of the transaction is in the Gaspe Peninsula and it covers a historic
313ppm Li sample value in sample 1989032542. Historic anomalous lithium values are significant
since exploration was conducted for other minerals and not focussed on lithium.
Qualified Person
This press release was reviewed by Steven Lauzier, P.Geo OGQ, a qualified person as
defined under Nation Instrument 43-101 and he reviewed and approved the geological
information provided in this news release.
The Transaction
The Company entered into a share purchase agreement dated May 23rd, 2023, among the
Company, Aesir Lithium Corp. and the shareholders of ALC pursuant to which the Company has
agreed to acquire all of the issued and outstanding shares of ALC from the ALC shareholders. As
consideration under the agreement, the Company has agreed to issue 6,200,000 common shares
of the Company (the "Shares") to the ALC shareholders at a deemed price of $0.05 per Share
representing an aggregate value for the securities of $ 310,000.
The securities issued under this transaction will be subject to resale restrictions for a period ending
four months and one day from the date of issuance.
The transaction is subject to the approval of the Canadian Securities Exchange. The transaction
as proposed, is an arm's-length transaction for the Company, and does not constitute a
fundamental change or result in a change of control of the Company, within the meaning of the
policies of the CSE.
We seek Safe Harbor.
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