Metal Energy Corp. announced the closing of its previously announced claims acquisition directly adjacent to the SourceRock Project prospective for lithium ("Li") brines in the Thunder Bay-Nipigon area of northwestern Ontario. These mining claims were drilled in 2006 and intersected significant saline water flow from 184.7 to 202.39 metres as well as halite cubes, sedimentary cements, and beds, including halite precipitating from waters as the core dries from 528.52 to 582.5 metres.

Halite precipitating as described in the core logs suggests the saline fluids are supersaturated with high concentrations of total dissolved solids ("TDS"). High TDS concentrations typically correlate with high lithium concentrations.