LiCo Intersects Good Grade Cobalt Mineralization at Glencore Bucke Property

VANCOUVER, British Columbia, Nov. 8, 2017

"We are exceptionally pleased with the grade and the widths of the cobalt mineralization that has been intersected", says Tim Fernback, President & CEO of LiCo and, "the drill program has been successful as cobalt mineralization has been intersected in every hole".

The most significant results are as follows:

• GB17-01    -         0.31% Co over 3.0 m from 18.0 to 21 .0 m, incl. 0.71 % Co over 1.13 m
• GB17-04    -         1.6% Co over 0.5 m from 16.25 to 16.75 m, incl. 3,11% Co, 0.17% Cu, 0.69% Zn over 0.25 m
• GB17-03    -         0.27% Co over 1.75 m from 27.15 to 28.9 m, incl. 0.44% Co over 0.75 m
• GB17-03    -         0.39% Co over 0.25 m from 31.25 to 31.5 m
• GB17-02    -         0.42% Co,0.2% Cu,2.2% Pb over 0.3 m from 39.37 to 39.67 m
• GB17-03    -         1.02% Cu, 294 ppm, Co, 12 ppm Ag, 204 ppm Zn, 689 ppm Pb over 2.5 m

The results for the first five holes are summarized in Table 1 below. To date, a total of 19 diamond drill holes totaling 1,565 m have been completed on the Glencore Bucke Property, testing the Northwest and Main Zones. The drilling has confirmed and extended the cobalt mineralization on the property and which are consistent with historical grades and widths in the overall Cobalt Camp. The second drill testing the Teledyne property has completed 4 holes for 804 metres to date. The drill program is designed to provide the company with sufficient drill hole information to create a geological model and a 43-101 complaint resource estimate.

"It is significant that the drilling has confirmed the historical cobalt style mineralization in both grade and widths which was historically mined by other companies within the Cobalt Camp" commented Dwayne Melrose, Technical Advisor for LiCo. "As the cobalt and associated (copper, silver, lead and zinc) mineralization that was intersected is close to surface, this could potentially make the property attractive for a future toll milling scenario".