Savannah Resources Plc reported the highest-grade lithium intercepts to date from the Project. These results have come in the latest batch of assays received from the recently completed first phase of resource-focused drilling in the current, two stage, programme. These results outline a new high-grade zone of spodumene lithium mineralisation within the pegmatite at the Pinheiro deposit, which has a current JORC (2012) compliant resource of 2.0Mt @ 1.00% Li2O within the overall Project JORC (2012) compliant resource of 28Mt @ 1.05% Li2O.Pinheiro is the first deposit scheduled to be mined when the Project begins production, and these new high-grade results point towards the potential for a significant improvement in the Project's early cashflow and overall NPV.

The assay results for five of the six RC holes and the two percussion holes drilled for hydrogeological purposes have been received to date (See Appendices 1-3 for full details and relevant JORC disclosures). The results indicate that the Western Pegmatite at Pinheiro continues to contain high grade lithium mineralisation with some of the higher Li2O grades seen from the whole Project. From the 492 samples submitted 12 returned assays greater than 3% Li2O (with 3.85% Li2O (77m-78m) and 3.65% Li2O (79m-80m) from hole EX9, and 3.53% Li2O (62m-63m) from hole 24PNRRC024), 67 assayed at greater than 2% Li2O and 150 greater than 1% Li2O.

These results are highly encouraging with lithium grades showing an increase with depth. Key lithium intersections returned to date at Pinheiro include: 36m @ 1.28% Li2O from 28m in 24PNRRC021, 15m @ 1.4% Li2O from 86m in 24PNRRC021, 22m @ 1.27% Li2O from 74m in 24PNRRC023, 76m @ 1.85% Li2O from 24m in 24PNRRC024 Including 39m @ 2.21% Li2O from 38m and 10m @ 2.28% Li2O from 80m. 46m @ 1.65% Li2O from 84m in EX7 (percussion holes) including 14m @ 2.15% Li2O from 97m.

85m @ 1.45% Li2O from 45m in EX9 (percussion holes) including 39m @ 2.15% Li2O from 59m. The drilling at Pinheiro has been orientated at oblique angles to the known dip of the pegmatite due to access and topographical issues encountered. Three of the drill holes that targeted the central portion of the pegmatite were successful in intersecting the pegmatite, however, two of the holes to the north failed to intersect it as it now appears that the strike of the pegmatite is more to the northwest than the initial north-south interpretation.

The two hydrogeological holes were vertical holes and were stopped in pegmatite as they were drilled for the purpose of hydrogeological data collection. The lithium grades received from these two holes were very consistent and of high grade. These results were further supported by similar lithium grades in the RC drill holes at depth, providing further confidence in the samples from the percussion drilling.

Two recently completed diamond drill holes that have been drilled for metallurgical sampling purposes were drilled across the pegmatite at more orthogonal angles and have provided valuable information on the widths of the pegmatite in this region (25m to 35m). The logging and sampling of these cores is in process, with the imminent dispatch to ALS' laboratory in Seville for assay. The second phase of drilling in the current programme is being planned and drilling will endeavour to target the pegmatite at angles that better reflect the true width of mineralisation.