Manning Ventures Inc. announced that it has received the sampling results from the Dipole Lithium Project (the Property) located in southern Newfoundland, Canada. Prospecting samples taken from the property confirm highly elevated lithium assays of greater than 300 ppm Li that were taken during the reconnaissance program designed to evaluate the property. The geology in the area of the Dipole Property is described as a white intrusive Granite that varies from fine to coarse grained with alteration of sericite, yellow mica, and various amounts of tourmaline.

The finer grained units appear to be aplitic and possible part of an evolved pegmatite system. Five grab samples were taken across strike for approximately 100 meters with assay results yielding 0.07% to 0.10%Li2O. The highly anomalous lithium in the samples represents a new anomalous area, and more work is required to fully understand the significance of the find.

The lithium bearing zone is located within the Cochrane Pond Granitic Suite that was mapped by the Newfoundland Government Geological team of OBrien and Tomlin in 1984. During the mapping program lepidolite was noted in the area. Also, further mapping and sampling is required to explore the possibility of additional pegmatite dyke swarms within the volcano-sedimentary rock units which are located to the south of the newly discovered lithium occurrence.

Six other Samples were taken in the area of the historical sampling by Falconbridge which was located in sediments located to the south. These samples did not return any significant assays for lithium. Rock samples were submitted for sample preparation to Eastern Analytical, located in Springdale, Newfoundland.

Samples are crushed with up to 80% passing 2 mm, riffle split into 250-gram aliquots and pulverized using mild steel to 95% passing 105 microns. Samples for lithium and related elements (Tantalum, Niobium, Tin) are analysed by ICP-OES using Eastern Analytical Lithium Procedure after a digestion of 3 acids (Nitric, Perchloric, and Hydrofluoric). Splits of the pulverized material were also sent to Activations Laboratory of Ancaster, Ontario and tested with UT-7 multielement analysis.

The UT-7 procedure is based upon a sodium pyrophosphate total dissolution and analysis by ICP-MS. The lithium results of the two methods by two independent laboratories are statistically similar and validate each-other.