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LithiumBank Resources Corp.

10:44 AM EST - LithiumBank Resources Corp. : Announced the highlights from the initial Preliminary Economic Assessment (“PEA”) for the Boardwalk lithium brine project located in west-central Alberta, Canada. The completed NI 43-101 PEA Technical Report will be filed on SEDAR within 45 days of this announcement. Boardwalk Highlights: 31,350 metric tonnes per year of battery grade lithium hydroxide monohydrate (“LHM”) 2 over a 20-year period, the largest proposed LHM production in North America; USD $2.7 Billion NPV 8 and 21.6% IRR on a pre tax basis; USD $1.7 Billion NPV 8 and 17.8% IRR on an after tax basis; OPEX of USD $6,807/tonne LHM. LithiumBank Resources Corp. shares V.LBNK are trading up 1 cent at $1.24.

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