White Cliff Minerals : Lithium Tenement Granted at Lake Percy

11 January 2017	ASX Code: WCN
Lithium Tenement Granted at Lake Percy

Highlights:

• White Cliff Minerals Acquires 100% of Tenement (E63/1793) Adjacent to Lake Percy Lithium Trend
  • Previous exploration identified numerous pegmatites in existing drilling and mapping
  • No lithium assays undertaken
  • Soil sampling program starting in February
• 2km Lithium Trend identified on White Cliff Minerals Lake Percy Joint Venture Tenement (E63/1222i)
  • Liontown Resources earning 70% via staged expenditure of $1.75 Million
  • Liontown to commence drilling in February

White Cliff Minerals Limited ("White Cliff" or the "Company") is pleased to report the grant of a 20 km2 tenement immediately North and adjacent to the Lake Percy Joint Venture tenement where Liontown Resources recently identified a 2km long anomalous lithium trend.

Historical exploration on the tenement E63/1793 (Figure 1) identified pegmatites both in outcrop and on drill holes but no lithium assaying was undertaken.

Given the recent discovery of lithium containing pegmatites at Mt Day and the highly anomalous lithium soil geochemistry reported at the Lake Percy Joint Venture Tenement (Figure 2-3) by Liontown Resources (LTR) the Company will undertake a comprehensive soil sampling program in February.

Liontown Identifies 2km Long Lithium Trend

The anomalous trend, which contains values of up to 354ppm Li2O, has been outlined over a strike length of 2km and is coincident with pegmatites which locally exceed 100m true thickness (Figure 2).

Lake Percy is located ~440km east of Perth near Poseidon Nickel's Lake Johnson/Maggie Hayes treatment plant in WA. It is also just 60km from the world-class Earl Grey lithium deposit discovered by Kidman Resources.

This emerging Forrestania Lithium Province also includes the Mt Cattlin spodumene mine (currently being commissioned by Galaxy Resources) and the Mount Day lithium discovery, which is located 20km to the south in the same greenstone belt as Lake Percy (Figure 3).

In light of the strong anomaly identified at Lake Percy, Liontown has scheduled a maiden RC drilling program to start early February.

Lake Percy Joint Venture Agreement

In 2016 Liontown Resources ("Liontown") (ASX:LTR) agreed to a binding joint venture arrangement to explore the Company's Lake Percy tenement (E63/1222) for lithium and other minerals in a rapidly emerging lithium province in the Lake Johnson-Forrestania district of Western Australia.

White Cliff Minerals Limited ABN 22 126 299 125 Suite 2, 47 Havelock Street, West Perth WA 6005, PO Box 368 West Perth WA 6872. Telephone [phone] Facsimile [phone] www.wcminerals.com.au

Under the joint venture, Liontown can earn up to 70% equity in the 41km2 Lake Percy tenement (EL63/1222i) located approximately 430km east of Perth Western Australia (Figure 3).

Under the terms of the Joint Venture Liontown may acquire up to 70% of the Lake Percy Project by:

• spending A$1,000,000 on exploration within 3 years to earn 51% equity;

• at Liontown's election, it can increase its equity to 70% by spending an additional A$750,000 before the 4th anniversary of the JV Agreement execution; and

• by committing to spending $50,000 on exploration before having the right to withdraw from the joint venture.

Figure 1: Geological Map of White Cliff Minerals Lake Percy Lithium Tenement and Joint Venture Tenement

Figure 2: Lake Percy Project - Soil image showing strong lithium anomalism coinicident with mapped pegmatites

Figure 3: Lake Percy Project - Location Plan and Regional Geology

For further information please contact: www.wcminerals.com.au [e-mail]

Todd Hibberd Managing Director

[phone] Suite 2, Level 1, 47 Havelock Street, West Perth WA 6872

About White Cliff Minerals Limited White Cliff Minerals Limited is a Western Australian based exploration company with the following main projects: Aucu Gold Project (89%): The Project contains extensive porphyry related gold and copper mineralisation starting at the surface and extending over several kilometres. Drilling during 2014 has defined a major gold discovery with an initial inferred resource of 1.15Mt at 4.2 g/t containing 156,000 ounces of gold. Drilling has also defined a significant copper deposit at surface consisting of 10Mt at 0.41% copper containing 40,000 tonnes of copper. Extensive mineralisation occurs around both deposits demonstrating significant expansion potential. The project is located in the Kyrgyz Republic, 350km west-southwest of the capital city of Bishkek and covers 83 square kilometres. The Aucu gold project is located in the western part of the Tien Shan Belt, a