Vancouver, British Columbia – June 26, 2018 – Alba Minerals Ltd. (“Alba”) (TSX - V:AA: AXVEF:US Frankfurt: A117RU) is pleased to announce that it has entered into a property option agreement (the “Agreement” or “Option”) with an Arms’ Length Vendor to acquire the Rattlesnake Wash Lithium Property, the White Basin Lithium Property and the Government Hills Lithium Property, (collectively known as the “Muddy Mountain Project”), located in the Muddy Mountains of Clark County, Nevada.
Under the terms of the Option, the Company will pay $5,000USD to the Optionor upon execution of the Agreement. The Company will have 60 days from the date of issuance of the drill permits to perform a due diligence investigation on the Property. Should the Company continue to pursue the option beyond the initial due diligence period, the Company can acquire a 100% interest in the Muddy Mountain Project through the payment of $235,000USD, the issuance of 1,400,000 common shares and the completion of an aggregate of $120,000 USD in exploration expenditures over the period of the Option. The Optionor shall retain a 2% NSR, which can be re-purchased by the Company for a cash consideration of $3,000,000. This transaction remains subject to TSX Venture Exchange approval. All shares issued in connection with this transaction will subject to a hold period of four months plus a day.
About Alba Minerals Ltd.
Alba Minerals Ltd. is a Vancouver-based junior resource company with projects in North and South America, which focus on the development of Lithium properties. The Quiron II Property consist of 2,421 hectares of prospective exploration property in the Pocitos Salar, Province of Salta, Argentina. The Project is located approximately 12 km northeast from the Liberty One Lithium Corp and 19 Km from Pure Energy Minerals Ltd’s Pocitos prospects.
Please visit our web site for further information: www.albamineralsltd.com
ON BEHALF OF THE BOARD OF DIRECTORS
Chairman & Director
Direct: (778) 999-2159
This news release contains projections and forward - looking information that involve various risks and uncertainties regarding future events. Such forward - looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward looking statements; the uncertainty of future profitability; and the uncertainty of access to additional capital. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward- looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstance or management's estimates or opinions change.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.