Sovereign Lithium, Inc. announced the company terminated its option to acquire certain unpatented mineral claims in and around Esmeralda County, Nevada (the 'Clayton Valley Property') under the mineral option property agreement (the 'GeoExplor Option Agreement') dated June 13, 2012, among GeoXplor Corporation and the company. The termination of the GeoExplor Option Agreement was effective as of April 10, 2014. The company no longer has any rights or interests in the Clayton Valley Property and has no future obligations related to the Clayton Valley Property or to GeoXplor.

The company also announced it has terminated its option to acquire a 60% interest in certain mineral claims in and around Trail, British Columbia (the 'Bear Creek Property') under the mineral option property agreement (the 'GeoExplor Option Agreement') dated June 7, 2012 and with an effective date of April 28, 2012, among 0911325 B.C. Ltd., (Wallach) and the company. The termination of the Wallach Option Agreement was effective as of April 10, 2014. The company no longer has any rights or interests in the Bear Creek Property and has no future obligations related to the Bear Creek Property or to Wallach.