Mr. Eric Allard reports

TANTALEX RESOURCES CORPORATION TO CONTINUE EXPLORATION ACTIVITIES ALONG THE PEGMATITE CORRIDOR IN MANONO

Tantalex Resources Corp. is planning to continue its drilling field exploration activities along the pegmatite corridor down strike from the historical Manono Kitotolo lithium and tin mine.

Drilling on the dumps has now reached 7,500 metres and will be completed in approximately one week. Samples taken from the first four dumps (G, H, I, K) have been sent to the laboratory and assay results are expected to be received in the coming weeks. Once the assay results received from all the dumps, a phase 2 drilling program will be conducted for infill drilling and additional resource confirmation in Q1 2022.

During this period, the company will pursue with exploration efforts on its majority-owned concessions PR 12447 and PR 12448. Preliminary exploration programs identified two highly prospective targets along the pegmatite corridor: the Kakodi pegmatite and the Lubule tin-tantalum prospect.

Kakodi pegmatite: hard rock lithium potential

Geological mapping covering an area of about five square kilometres was conducted in 2020 at the Kakodi prospect in the southern part of PR12447 with the objective of determining the extent and potential of the hard rock source pegmatites to host primary Sn-Ta-Li mineralization. The dominant lithology noted was highly to moderately silicified medium to coarse grained granite with intercalation of multiple/series of slightly to moderately weathered pegmatite bodies up to few hundreds of metres in width and along strike and localized dolerite unit.

The exploration program will consist in additional field mapping and approximately 1,250 metres of diamond drilling to test the pegmatite intersections identified on surface.

Lubule prospect: Sn-Ta near-term production potential

Preliminary exploration on the Lubule prospect has provided promising indications that the area could sustain a multiyear alluvial Sn-Ta semi-industrial production. Preliminary sampling, mapping and a Tromino passive seismic survey successfully identified the location of the existing buried paleochannels which have the potential to host cassiterite and coltan mineralization over a 1,000-metre strike south.

A 750-metre program of shallow PQ diamond core drilling is planned at 40 metres centres along 6,200-metre spaced lines to further define the grade, thickness and spatial continuity of the mineralized G2 gravels along the 1,000 metres of prospective paleo channel. Detailed topography and aeromagnetics will be done with the in-house drone equipment.

Overview of previous exploration activities performed on United Cominiere concessions PR12447 and PR12448

Aeromagnetic and radiometric survey

A 200-metre-line-spaced aeromagnetic/radiometric geophysical survey was completed in 2017 over the entire 780 square kilometres of PR12447 and PR12448.

Summary interpretation of aeromagnetic/radiometric survey

• The southwest trend of the adjoining property's formations containing the major spodumene (Li, Sn, Ta) pegmatites known as Manono and Kitotolo, to the east side of the Buckell property, extends on strike through the Buckell property.
• A granite body, which was found to assay lithium, tantalum and tin, outcrops in the central southern border area of the property. This strongly suggests parent granite to lithium pegmatites. This is defined in detail by the aeromagnetic map.
• The potassium radiometric map shows evidence of granite dikes on strike with the main pegmatite body, 22 kilometres to the southwest within the western half of the Buckell property, and underscores that there is exposed outcrop or weathered remains of outcrop in this area.
• Northwest-trending faults extending from the interior of the granite cut across the sedimentary trend and show some offsets in formation boundaries. What appear to be southwest-trending shearing following the main geological trend crosses the top third of the property, suggesting a target area for extension of bodies similar to the Manono and Kitotolo Li, Sn, Ta pegmatites onto Buckell.

Thorium, potassium and uranium maps faithfully trace out the rivers and tributaries, indicating alluvial heavy minerals, and the feldspar and mica in the alluvial gravels and sands.

• Coincident strong anomalies of all three radiometric maps indicate outcrop is very close to the surface, particularly in the western half of the property.

Diamond drilling on PR 12448

In 2018, Tantalex drilled six diamond drill holes for 1,456 metres which tested the extension of the Kitotolo-Manono Li-Sn-Ta-bearing pegmatite under cover in the northwest corner of PR12448.

Shallow pitting and diamond drilling performed by Tantalex in 2018 had confirmed the Manono-Kitotolo pegmatite continues into PR 12448 below the soil cover where diamond hole BMDD001 intercepted multiple, parallel spodumene-bearing pegmatite bodies totalling 99.5 metres in apparent thickness.

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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