The Property lies between 5 and 30 kilometres southwest of, and on trend, from Stria Lithium’s Pontax Lithium Showing (spodumene-bearing pegmatite), which was discovered in 2007. Stria Lithium subsequently advanced the discovery with seven drill holes, returning a best intercept of 0.97% Li2O over21.0 m, including 1.43% Li2O over 13.0 m, from drill hole 09-555-05. The Company’s Pontax Property is also about 30 kilometres south of the James Bay Deposit, which is reported to contain indicated resources of 11.8 million tonnes (Mt) at 1.30% Li2O, and inferred resources of 10.5 Mt at 1.20% Li2O at a 0.75% Li2O cut-off (Galaxy Resources; Technical Report dated December 30, 2010). The Property was acquired to follow up on several outcrops of white pegmatite that were identified during a gold and base metal exploration campaign along the Pontax Greenstone Belt in 1975. A review of high- resolution satellite imagery has identified the locations of historically defined pegmatite outcrops as well as indicating numerous other potential pegmatite occurrences not previously mapped. In addition, the northernmost part of the Property covers pegmatite outcrops identified as tourmaline- bearing pegmatite during a 1999 government mapping campaign. These pegmatite outcrops are approximately 1 kilometre away from a spodumene- and tourmaline- bearing pegmatite outcrop that was identified in the same regional mapping survey.