LiCo Energy Metals - Intersects 8.42% Co Over 0.30 Metres on the Glencore Bucke Property

VANCOUVER, British Columbia, Jan. 17, 2018

A summary of the most significant results of the recent drill core assays are:

• GB17-15 0.17 % Co, 19.9 ppm Ag, and 0.90% Cu over 20.20 m from 42.50 to 62.70 m, including 8.42 % Co, 136 ppm Ag over 0.30 m from 62.40 to 62.70 m
• GB17-15 0.55 % Co over 0.90 m from 27.50 to 28.40 m, including 0.92 % Co over 0.30 m from 27.80 to 28.10 m
• GB17-18 0.43 % Co, 86.8 ppm Ag, 0.52% Cu over 0.90 m from 80.10 to 81.00 m
• GB17-19 0.75 % Co, 111.1 ppm Ag over 0.60 m from 46.00 to 46.60 m, including 1.33 % Co, 208 ppm Ag over 0.30 m from 46.00 to 46.30 m

"We have consistently seen higher grade cobalt mineralization being intersected throughout the drilling completed at Glencore Bucke," says Tim Fernback, President & CEO of LiCo. "Along with the cobalt, appreciable copper values have been intersected over larger intervals such as 0.90 % over 20.20 m. These additional base metal zones that have been reported over the last several months were not expected."

On the Glencore Bucke Property, the Company has completed a total of 21 diamond drill holes totaling 1,900 m, testing the Main and Northwest zones. The final assay results for the Glencore Bucke Property have been released, however, the Company will continue to release drill results from the Teledyne Cobalt Property as they are received.

The results and drill hole collar information for diamond drill holes GB17-15 through to GB17-19 are summarized in Tables 1 & 2 below.

Table 1: Summary of Diamond Drill Results