Spearmint Resources Inc. – Significant Results on Nevada Lithium Prospect

Jan 9, 2018

SRJ’s Clayton Valley neighbour announced significant results today. SRJ plans to commence work on its Clayton Valley Lithium Project shortly. Cypress announced today’s results include “an intersection of 107 metres of 1,134 parts per million lithium within hole DCH-13 and 76 m of 733 ppm Li within hole DCH-14” (full release below)

Spearmint Resources (SRJ.V) Private Placement:

.05 cent hard dollar with a full three year warrant at .08
.065 cent flow through with a full two year warrant at .1
Raising $750k hard dollar and $250k flow through
Hard dollar portion will be used to drill our Clayton Valley, Nevada lithium project bordering Cypress Development and Pure Energy, which returned samples as high as 1600ppm this past March.
Flow through portion will be used to fund operations on our three separate Golden Triangle projects as well as our Quebec Vanadium project
A Finder’s Fee will be payable to applicable finders

If you have any questions on this placement feel free to call me anytime.

I appreciate your time and consideration.

James Nelson

604 646 6903

[email protected]

RECENT NEWS

SPEARMINT RESOURCES INC.
Suite 1470 – 701 West Georgia Street
Vancouver, BC V7Y 1C6

December 18 , 2017

Trading Symbol:

SRJ—TSX Venture Exchange
SPMTF—USA
A2AHL5–Germany

Spearmint Shareholders Approved All Matters At AGM and Expects to be Operational on Nevada Lithium Prospect Shortly

Spearmint Resources Inc. (“SRJ” or the “Company”) (SRJ—TSX.V) (SPMTF—OTCBB) (A2AHL5–FWB) is pleased to announce that all resolutions presented at the Company’s annual general meeting held on Thursday, December 14 , 2017.

The directors elected to serve for the ensuing year are Gregory Thomson, Dennis Aalderink and James Nelson.

James Nelson, President, states “We are pleased to have Dennis join the board. We also anticipate a very active 2018 as we plan to be operational on the Clayton Valley Lithium prospects early in 2018.”
Spearmint’s current projects include a portfolio of lithium prospects in the Clayton Valley of Nevada, comprising of two claim blocks totaling 800-acres bordering Pure Energy Minerals (PE.v) & Cypress Development Corp. (CYP.v). We also have three lithium projects in Quebec, including the 4,485-acre ‘Pressiac Lithium Prospect’, the 524-acre ‘Whabouchi Lakes Lithium Prospect’, and the 2,636-acre ‘Whabouchi Lakes West Lithium Prospect’ in the vicinity of Nemaska Lithium Inc. (NMX.t) & Critical Elements Corp. (CRE.v).

Spearmint’s ‘Chibougamau Vanadium Prospects’ comprise of five separate claim blocks totalling 9,735-acres bordering, or in the direct vicinity of, the vanadium deposit of BlackRock Metal’s (private) Ilmenite vanadium project, Vanadiumcorp Resource Inc. (VRB.v) and Vanadium One Energy Corp. (VONE.v).

Spearmint’s current projects also include three areas of focus on gold in British Columbia; the ‘Golden Triangle Gold Prospects’ comprising of four separate claim blocks totaling 4,095-acres bordering GT Gold Corp (GTT.v), the ‘Gold Mountain Prospects’ comprising of three separate claim blocks totaling 1,245-acres bordering Barkerville Gold Mines (BGM.v), and the 3,052 acre ‘Neba Prospect’ bordering Aben Resources Ltd (ABN.v). Spearmint’s 8,482 acre ‘EL North’ Nickel-Copper Prospect is a contiguous land package that includes the ‘EL North, EL North 2.

If you would like to be added to Spearmint’s news distribution list, please send your email address to[email protected]

Contact Information
Tel: 1604646-6903
www.spearmintresources.ca

“James Nelson”
President
Spearmint Resources Inc.

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

SPEARMINT RESOURCES INC.
Suite 1470 – 701 West Georgia Street
Vancouver, BC V7Y 1C6

December 13, 2017

Trading Symbol:

SRJ — TSX Venture Exchange
SPMTF — USA
A2AHL5 — FSE

Spearmint Amends Private Placement To Further Multiple Projects In BC, Quebec and Nevada

Spearmint Resources Inc. (“SRJ” or the “Company”) (SRJ—TSX.V) (SPMTF—OTCBB) (A2AHL5–FSE) announces that it is amending the private placement announced December 7, 2017 to include additional security exemptions with respect to the Offering. Terms of the placement is to issue up to 3,846,154 flow-through units (the “FT Units”) at a price of $0.065 per FT Unit for total gross proceeds of up to $250,000 and a private placement of up to 15,000,000 non flow-through units (the “NFT Units”) at a price of $0.05 per NFT Unit for total proceeds of $750,000. Each FT Unit will consist of one flow-through common share (a “FT Share”) and one non-flow through transferable share purchase warrant (a “FT Warrant”). Each FT Warrant will entitle the holder to purchase one non-flow through common share (a “FT Warrant Share”) at a price of $0.10 for two years from the closing date. Each NFT unit will consist of one common share (a “NFT Share”) and one transferable share purchase warrant (a “NFT Warrant”). Each NFT Warrant is exercisable to purchase an additional common share (a “NFT Warrant Share”) at a price of $0.08 for a period of three years from the closing date. The private placement is subject to approval of the TSX Venture Exchange.

Spearmint Resources plans to rely upon the existing security holder exemption (the “Existing Security Holder Exemption”) found in BC Instrument 45-534 Exemption from prospectus requirement for certain trades to existing security holders (“BC Instrument 45-534”) and as further described in Multilateral CSA Notice 45-313 – Prospectus Exemption for Distributions to Existing Security Holders (published March 13, 2014) or analogous exemptions in each of the applicable permitted jurisdictions for shareholders of record as of December 7, 2017, as well as other exemptions. As at the date hereof, the Existing Security Holder Exemption is available in each of the provinces of Canada, with the exception of Newfoundland and Labrador. A finder’s fee may be paid in accordance with regulatory policies.

In addition to the Existing Security Holder Exemption and other available prospectus exemptions, a portion or all of the Offering may be completed pursuant to Multilateral CSA Notice 45-318, Prospectus Exemption for Certain Distributions through an Investment Dealer (“CSA Notice 45-318”), and the corresponding blanket orders and rules implementing CSA Notice 45-318 in the participating jurisdictions in respect thereof. As at the date hereof, the exemption available under CSA Notice 45-318 (the “Investment Dealer Exemption”) is available in each of Alberta, British Columbia, Saskatchewan, Manitoba and New Brunswick. Pursuant to CSA Notice 45-318, each subscriber relying on the Investment Dealer Exemption must obtain advice regarding the suitability of the investment from a registered investment dealer. There is no material fact or material change of the Company that has not been generally disclosed.

As required by BC Instrument 45-534 and CSA Notice 45-318, the attached table sets out the intended use of proceeds of the Offering on a percentage basis. The intended uses of proceeds and/or the Company’s development capital needs may vary based upon a number of factors.

Fund allocation is as follows:
Work program in Nevada 30%
Work on BC golden Triangle Properties
and Quebec Vanadium 25%

Working capital 45 %
——–
Total 100%
——–

Unless the Company determines to increase the size of the Offering, if subscriptions received for the Offering based on all available exemptions exceed the Offering amount of $1,00,000, Units will be allocated pro rata amongst all subscribers qualifying under all available exemptions.

If you are an existing security holder or qualified person with respect to the Existing Security Holder Exemption or the Investment Dealer Exemption noted above and you have interest in this Offering please call or email the Company.

James Nelson, President of Spearmint states, “With this placement we will be in a position to immediately start work in Nevada on our lithium property and in Quebec on the vanadium assets. Our neighbours have had success recently on the Nevada lithium clay and brine projects and we are very optimistic about our prospects in Nevada. Our vanadium assets in Quebec are all in the vicinity of BlackRock Metal’s (private) Ilmenite Vanadium Project. We feel that lithium is at the forefront of the battery metals sector as the electric car market is exploding and that vanadium grid storage growth is in the early stages of a bull market. We look forward to a very active 2018.”

If you have any questions regarding this placement, please feel free to call or email with any inquiries. [email protected] or 604 646 6903.

Spearmint’s current projects include a portfolio of lithium prospects in the Clayton Valley of Nevada, comprising of two claim blocks totaling 800-acres bordering Pure Energy Minerals (PE.v) & Cypress Development Corp. (CYP.v). We also have three lithium projects in Quebec, including the 4,485-acre ‘Pressiac Lithium Prospect’, the 524-acre ‘Whabouchi Lakes Lithium Prospect’, and the 2,636-acre ‘Whabouchi Lakes West Lithium Prospect’ in the vicinity of Nemaska Lithium Inc. (NMX.t) & Critical Elements Corp. (CRE.v).

If you would like to be added to Spearmint’s news distribution list, please send your email address to[email protected].

Contact Information
Tel: 1604646-6903
www.spearmintresources.ca

“James Nelson”
President
Spearmint Resources Inc.

Thank you for your interest in Spearmint Resources Inc. Spearmint Resources is a Canadian junior resource exploration company dedicated to the aggressive pursuit of world class mineral deposits. The company is focused on assembling a portfolio of low risk, high reward properties at the exploration stage and developing them so as to maximize shareholder value. Several upcoming project milestones make this an exciting time period for Spearmint’s corporate growth potential. As you can see there are many compelling reasons to look at Spearmint immediately.

Spearmint’s current projects include a portfolio of lithium projects comprising of the ‘Clayton Valley Lithium Prospects’ in Nevada comprising of two claim blocks totaling 800-acres bordering Pure Energy Minerals (PE.v), and three lithium projects in Quebec including the 4,485-acre ‘Pressiac Lithium Prospect’, the 524-acre ‘Whabouchi Lakes Lithium Prospect’, and the 2,636-acre ‘Whabouchi Lakes West Lithium Prospect’.

Spearmint’s ‘Chibougamau Vanadium Prospects’ comprising of five separate claim blocks totaling 9,735-acres borders the vanadium deposit of BlackRock Metal’s (private) Ilmenite vanadium project, Vanadiumcorp Resource Inc. (VRB.v) and Vanadium One Energy Corp. (VONE.v).

Current Projects

Lithium Properties:

The “CLAYTON VALLEY LITHIUM PROSPECTS” – Spearmint Resources Inc. has acquired two separate claim blocks in Nevada that are prospective for lithium known as the Elon property and the McGee property which cover an aggregate area of 800 acres. These two separate claim blocks border Pure Energy Minerals’ (PE.v) Clayton Valley project and Cypress Development Corp’s (CYP.v) property. Pure Energy is in the only known lithium-bearing brine in North America that is in production and Spearmint is very pleased to be in this area. Historic and present drill programs in adjacent and nearby properties are suggestive of the potential for the discovery of lithium-bearing brines.

Of the 91 samples collected during the phase 1 work program, and submitted to ALS Minerals in Vancouver, B.C., The highest sample value obtained was 1,630 parts per million, with an overall average value of 843 parts per million lithium. Twenty-three of the 91 samples achieved values of over 1,000 parts per million. The samples ranged from a low of 285 parts per million to the high of 1,630 parts per million. Spearmint Resources is currently awaiting approval of the notice of intent submitted to the Bureau of Land Management’s office in Tonopah, Nev., the approval of which is required before drilling activities may commence.

President James Nelson, stated, “We are very pleased that the results verified what we were hoping to find on the Clayton Valley prospect. The Clayton Valley prospect is developing nicely and these results are extremely promising for us and will enable us to continue with a larger drill program in the near future. Historic and present drill programs in adjacent and nearby properties are certainly encouraging and the success of our neighbours (Pure Energy and Cypress Development) provide Spearmint with an optimal location in the Clayton Valley. It would appear that the mudstone formation hosting the lithium moves through the Cypress-Pure joint venture properties and appears to continue on our property. We are immediately formulating the next phase of operations and look forward to either attempting to develop this property ourselves or to possibly take on a partner. Management will evaluate all possible avenues going forward.”

Below is the historical Lithium price (USD$) per metric ton

The “PREISSAC LITHIUM PROSPECT” – Spearmint’s 4,485 acre Preissac Lithium property is located in Quebec. The vicinity of the Preissac lithium property contains multiple lithium showings. Less than two km south of the property are located the Aldous and the Authier showings. Those showings correspond to spodumene mineralization inside pegmatite dikes, with a lithium content up to 1.14 per cent lithium. Less than three km northeast of the property is the Lac de Hauteur showing. Analysis reported by the MERN (Ministere de l’Energie et des Ressources naturelles) indicates anomalies in tantalium, niobium and lithium. Less than six km south are the Cominco-Nickel, Marbridge, Ataman, Lamotte and Cubric showings. These showings are ultramafic formation, with content up to 3.65 per cent nickel, with minor copper, zinc and molybdenum.

The “WHABOUCHI LAKES LITHIUM PROSPECT”– Spearmint’s 524 acre Whabouchi Lakes property is located in the James Bay area of the province of Quebec. This property consists of four claims that total approximately 2.13 square km. These claims overlay the possible source of lake sediment geochemical anomalies. The anomalous elements are bismuth, rare earth elements, lithium, niobium and tungsten, which represent good pathfinders and indicators of pegmatite-hosted type of mineralization also present at Nemaska Lithium Inc.’s (NMX.V) Whabouchi deposit.

The “WHABOUCHI LAKES WEST LITHIUM PROSPECT”– Spearmint’s 2,636 acre Whabouchi Lakes West property is located in the James Bay area of the province of Quebec, approximately 40 km east of the community of Nemaska, 228 km north-northwest of the Chibougamau municipality and in the immediate vicinity of the Whabouchi mine of Nemaska Lithium Inc. (NMX.v). It includes 20 claims that total approximately 10.66 square km.

Vanadium Properties:

The “CHIBOUGAMAU VANADIUM PROSPECTS” – Spearmint Resources Inc. has acquired a 100-per-cent interest in five separate vanadium prospects totaling 9,735 acres, the Chibougamau vanadium prospects, all located in the direct vicinity of Lac Chibougamau, Quebec. These new properties border BlackRock Metals’ (private) Ilmenite vanadium project, Vanadiumcorp Resource Inc.’s (VRB.v) Lac Dore vanadium project and Vanadium One Energy Corp.’s (VONE.v) Mont Sorcier vanadium project. This new block of claims puts Spearmint in the heart of the expanding Chibougamau mining district’s vanadium circle. Vanadium has garnered significant market attention recently as the use of vanadium in battery storage is gaining momentum and Spearmint is very pleased to be able to acquire a significant footprint in one of Canada’s best-known vanadium districts.

http://www.spearmintresourcesinc.com/