Mr. Eric Allard reports

TANTALEX RESOURCES CORPORATION EXTENDS PHASE 1 DRILLING ON MANONO LITHIUM & TIN TAILINGS

Tantalex Resources Corp. has provided an update on the drill program and continuation of fieldwork in the Manono area.

The initial planned 5,000 metres of aircore drilling on four of the 11 historic waste dumps aimed at defining an initial lithium-tin-tantalum mineral resource estimate has now been completed and will be extended for an additional 3,000 metres.

A total of 4,978 metres was drilled in 104 aircore drill holes on the G, H, I and K dumps in the southern Kitotolo Sector within PER 13698. These four dumps represent nearly 50 per cent of the total measured 105-million-metric-ton volume of the 11 dumps within the project.

Drilling was done on both the coarser material on the stacked dumps and the associated fine material on the terrace dumps.

Drilling on the coarse stacked dumps was on a nominal 40-metre-by-40-metre grid spacing and on the fine terrace dumps at 80-metre centres along 160-metre spaced lines.

To test the estimated 50 million metric tons contained in the C, D, E and F dumps in the northern Manono sector, an additional 3,000 metres of aircore drilling is required and will proceed immediately beginning with the E dump. As with the drilling in the southern Kitotolo sector, planned drilling on the coarse stacked dumps will be on a nominal 40-metre-by-40-metre grid spacing and on the fine terrace dumps at 80-metre centres along 160-metre spaced lines.

Sample submission and laboratory results

An initial three drill holes (MDA011, 013, 015) comprising 131 samples from the H dump fine terrace were received on Sept. 21 at the ALS lab in Ireland. Currently there is a large backlog of samples for the ME-MS89L method and results are expected to take four to five weeks.

A second batch of 1,078 samples from 27 selected representative holes on the G, H, I and K dumps is expected to arrive at the lab by the end of October.

Further drilling being planned downstrike from historical mine

Recent airborne geophysical studies suggest the Manono-Kitotolo pegmatite extends undercover to the southwest into PR12448. Tantalex drilled six holes in 2018 confirming the presence of pegmatite in the northeast corner of PR 12448 where diamond hole BMDD001 intercepted multiple, parallel spodumene-bearing pegmatite bodies totalling 99.5 metres in apparent thickness.

In the south, east of PR12447 on Force Commodities' Kitotolo-Katamba lithium project, shallow reverse circulation drilling intersected a number of low-grade lithium-bearing pegmatite veins with widths of between seven metres and 16 metres, with many holes ending in mineralization, indicating deeper drilling is required.

The pegmatite corridor is highly prospective for hard rock lithium and alluvial tin-tantalum production. With phase 1 drilling on the dumps nearing completion in two to three weeks, planning is under way to mobilize the company's drilling crews along the corridor and explore some of the most promising targets.

United Cominiere SAS, a joint venture between Tantalex (70 per cent) and Cominiere SA (30 per cent), holds two adjacent permits, PR12447 and PR12448, each encompassing about 390 square kilometres. Manono-Kitotolo is a very large rare-metal pegmatite that extends over an area 800 metres wide and over 15 kilometres long that has mainly been exploited for cassiterite and columbite-tantalite.

Tantalex controls 25 kilometres of a 70-kilometre-long geologic trend which extends from the AVZ Manono lithium tin project, located immediately east of PR12448 in the north, to Force Commodities' Kitotolo-Katamba lithium project, located immediately to the west of PR12447 in the south. The pegmatite corridor is highly prospective for further discoveries and to this day remains highly unexplored.

Qualified person

The scientific and technical content of this news release has been reviewed and approved by Gary Pearse, MSc, PEng, who is a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

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