Lepidico Ltd. reported additional assay results from the 5,164 m infill diamond drilling program over the Rubicon and Helikon 1 lithium pegmatites, located within the Company's 80% owned Karibib Lithium Project ("KLP") in Namibia. The infill drilling program was designed to increase data density and geological confidence to allow the estimation of Mineral Resources in the Measured and Indicated categories, and to enable the estimation of maiden Ore Reserves for both Rubicon and Helikon 1. Revised JORC Code (2102) compliant Mineral Resource estimates ("MRE") are scheduled for completion during December 2019. This latest drill program has greatly advanced the understanding of the lithium mineralisation and geology of the zoned LCT-type (Lithium Caesium Tantalum) pegmatites at Karibib. This has enabled the construction of simplified representative geological models that will inform the MRE and consequent Ore Reserve estimates. The Karibib Lithium Project contains a global JORC Code (2012) compliant Indicated and Inferred MRE of 8.8 Mt at 0.56% Li2O1 that has been determined over 6 discrete lepidolite-bearing pegmatites located within a 68 km2 granted Mining Licence (ML 204), which is contiguous with three Exclusive Prospecting Licenses ("EPLs") that together cover a total area of 1,054 km2. Access to the project is via a national highway from the Namibian capital Windhoek, located approximately 180 km to the south east and a 17 km all-weather access road from the nearby town of Karibib. The deep-water port of Walvis Bay is located 210 km to the south west, which is serviced from Karibib by both the national highway and rail networks. In July 2019, the Company embarked on an aggressive diamond drilling program aimed at upgrading the MRE to predominantly Measured and Indicated categories. The revised MRE is intended to support the declaration of the first Ore Reserve estimate for the KLP, which is to be incorporated into the Feasibility Study for a vertically integrated development of mine, concentrator and downstream commercial scale L-Max® chemical plant - The Phase 1 Project. The main phase of the drilling program, comprising 35 holes at Helikon 1 and 51 holes at Rubicon, is complete and all assays have been received. In November, a further four short holes were drilled into the Rubicon footwall to locate the lower contact of the lepidolite mineralisation. These results are awaited. The Helikon 1 pegmatite has been defined by drilling along a strike length of 400 metres. The mineralisation at Helikon 1 is relatively shallow with the deepest hole drilled to a depth of 90 m below surface. The mineralisation is open along strike although to the west it swings to the south and appears to lens out. Recent modelling shows that the Helikon 1 pegmatite is truncated at depth by a low angle fault. Future exploration will test for potential faulted extensions to the lepidolite pegmatite at Helikon 1. Based on 108 XRD (X-ray diffraction) analyses, lithium mineralisation is contained within lepidolite and lithian muscovite, with only around 1% reporting to petalite. Lepidolite and muscovite are both mica minerals and are ideally suited to the Company's patented L-Max® process. Lithium mineralisation at Rubicon has been modelled over a 750 m strike. The host pegmatite remains open along strike and down dip, however, the latest phase of drilling targeted largely shallower mineralisation. As at Helikon, XRD analyses of 104 samples indicate that lithium mineralisation is confined almost entirely to lepidolite and lithian muscovite. Petalite represents up to 3% of the Li2O grade in certain intervals while amblygonite and cookeite, which are both amenable to L-Max® processing occur in trace amounts.