Benton Resources Inc. and Sokoman Minerals Corp. together reported final assay results from the recently discovered cesium-rich dyke on the Golden Hope Joint Venture Project, as well as final drill results from a successful Phase 2 drilling campaign at Grey River; both projects are located in southwestern Newfoundland. Golden Hope Joint Venture Project Initial grab sampling at Hydra, the cesium +/-lithium/tantalum/rubidium-rich dyke discovery 12 km northeast of the Kraken Pegmatite (lithium) Dyke Swarm, returned a high value of 1.56% Cs2O (cesium oxide), along with 0.4% Li2O (lithium oxide), 0.022% Ta2O5 (tantalum oxide), and 0.30% Rb2O (rubidium oxide).

Follow-up channel sampling returned a 1.2 m channel sample averaging 8.76% Cs2O, 0.41% Li2O, 0.025% Ta2O5, and 0.33% Rb2O. Results from the full suite of samples, which include additional high-grade cesium values, as well as significant values in lithium, rubidium, and tantalum. The five channel samples gave values from 0.264% to 8.76% Cs2O (full-length averages), with significant lithium, rubidium, and tantalum, over lengths ranging from 1.2 m to 4.0 m. The 5 m - 6 m wide dyke is partially exposed on a hill slope which allowed a 15 m x 15 m area of the dyke to be sampled, has been traced 100 m along strike to where it disappears under overburden in both directions.

Winter weather has prevented further work at the Hydra discovery, but regional soil geochemical surveys have been ongoing and will continue through the winter. In the meantime, assays are expected within three to four weeks from the recently completed 11 holes (1,606 m) in the Phase 3 drill program focused on the Kraken Discovery Dyke and East Dyke areas. The East Dyke prospect is located less than a kilometre east of the Kraken Pegmatite Dyke Swarm.

Three holes, GH-22-25 to GH-22-27 were drilled on the new Killick discovery, believed to be an extension of the East Dyke, intersecting multiple, near surface, spodumene-bearing dykes with GH-22-25 intersecting eight pegmatite dykes ranging from 0.8 m to 11.2 m thick (drilled thickness; true thickness uncertain at this time) with spodumene noted over an 8.8 m interval. Hole GH-22-26, drilled 35 m behind GH-22-25, also cut multiple spodumene-bearing dykes with drilled thicknesses ranging from 0.8 m to 10.5 m, with spodumene noted over the entire 10.5 m section. Hole GH-22-27, drilled along strike 30 m to the north of holes 25 and 26, cut two pegmatite dyke zones of 14.2 m and 2.95 m thick with spodumene noted over 12.83 m of the 14.2 m interval, and the entire length of the 2.95 m interval.

At the Kraken Pegmatite Dyke Swarm, eight (8) more holes were drilled to test the main Kraken Discovery Dyke and westward along trend to test sub-crop and surface mineralization. Most holes encountered spodumene-bearing pegmatite dykes ranging from 0.5 m - 5.25 m thick including Hole GH- 22-28, which intersected three dyke zones with intersections of 2.12 m to 10.97 m core length and Hole GH-22-35, a 25 m undercut south of the discovery hole, GH-22-01, intersected several pegmatite dyke zones including a 5.25 m spodumene-bearing dyke. At Kraken West, drilling tested an area of sub-crop mineralization however the bedrock source remains unidentified and a high-priority target.

Results from a soil geochemistry program, 3.5 km to 5.2 km east of the Kraken Discovery Dyke, have outlined highly anomalous lithium and tantalum anomalies located along strike. These high-priority targets will be investigated as soon as the weather conditions allow. Moving forward, a minimum 5,000 m program is being planned and will commence once all results are received and compiled and weather permits.

The Alliance continues to be impressed with the rate of discovery in this new lithium district and looks forward to the future exploration success of this exciting lithium project located in the mining-friendly province of Newfoundland and Labrador.