Refined Metals Corp. announced that it has entered into a property option agreement with Geomap Exploration Inc. (the "Vendor"), pursuant to which the Company has been granted the right to acquire an undivided 100% interest in and to 96 mining claims covering approximately 5,571 hectares of land, located in the Lac Simard region of Quebec, Canada (the "Property"). The Company intends to explore the Property to determine the extent, if any, of lithium mineralization.