Viscount Mining Releases Results of Exploration Program at the Cherry Creek Silver-Gold Project, Nevada

PRESS RELEASE                                                                                                       March 29, 2017

VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), reports that in 2016 Summit Mining Exploration Inc. (Summit) continued an ongoing mineral exploration and evaluation program in the Cherry Creek mining district of northern White Pine County, Nevada as part of their earn-in agreement with Viscount. Rather than explore the previously producing areas of the Cherry Creek property which encompasses just about all of the historical silver, silver gold-base metal and tungsten mines located in the Cherry Creek Mining District, Summit elected to focus their 2016 exploration program on a reverse‐circulation drilling program in the Flint Canyon area which they discovered in 2014‐15 to have anomalous gold in soil and rock chips. The area has no historic mines and had only minimal modern exploration prior to Viscount and Summit.

Summit’s initially proposed 2016 program was expanded to include: (1) drilling 32 reverse-circulation (RC) holes in the Flint Canyon target area; (2) geologic mapping at a scale of 1:2500 in the area south and west of the Flint Canyon target and in the north end of Silver Canyon, several kilometers to the east; (3) collection of 412 rock‐chip samples for geochemical analysis; and, (4) collection of 1868 soil samples for geochemical analysis in a grid that covers the Flint Canyon target area with extensions in all directions.

The 32 RC holes at Flint Canyon combined for 5,369 total meters (17,615 feet). They were drilled with variable azimuths and inclinations from eleven distinct pads to depths ranging from 86.9 to 304.9 meters. Formations encountered in the drill holes included Marjum limestone, Dunderberg Shale, Notch Peak Formation, Pogonip Formation, and undifferentiated dolomite (OSD). In general, the strongest gold concentrations occurred in near surface silicified zones in the Marjum limestone.  Gold intercepts occurred in local silicified zones along the Dunderberg/Marjum contact, in collapse breccias and silicified strata in the Pogonip Formation, and silicified breccia in undifferentiated dolomite.  Twenty‐one of the 32 holes included at least one sample interval with 0.100 g/t Au and two holes returned samples with greater than 1.00 g/t Au, with a maximum of 4.03 g/t gold in a single sample of a strongly oxidized, decomposed felsic dike in Hole CC021. The best multi‐sample intercept was by hole CC021 with 0 to 18.3 meters averaging 0.438 g/t Au, including the 4.03 g/t altered dike.  Five of the holes had intercepts of at least 10 meters with average gold concentrations of 0.100 g/t or greater.  Mineralized zones with elevated levels of gold display few associated geochemical anomalies, although weakly enhanced concentrations of arsenic (<200 and="" barium="" locally.="" o:p="" occur="" ppm="">

According to Summit’s report “the results of the 2016 drilling program could be interpreted to indicate that Flint Canyon is on the distal edge of a large disseminated gold system.”

None of the 32 holes were surveyed. Drill data density is insufficient to estimate true thickness of the mineralized intervals reported above.

Mapping south of Flint Canyon drill area identified a frontier‐level gold exploration target in Lead Mine Canyon. The target lies in a 250‐ x 75‐meter exposure of Marjum siltstone. Pods of jasperoid and coarse calcite occur along the limestone/siltstone contact and in minor faults that cut the contact. Four samples of jasperoid from those silicified zones contained gold values between 0.283 and 1.085 g/t. Soil samples from the siltstone commonly contained elevated gold values between 0.02 and 0.1 g/t, with one sample containing 0.5 g/t.

In Silver Canyon, jasperoid outcrops along the contact between Dunderberg Shale and Marjum limestone are locally enriched in silver, 200‐500 g/t, and commonly display low anomalous gold.

Summit has elected to exit the agreement and has given Viscount all the exploration data and information. Viscount now has complete control of the Cherry Creek property. 

Summit considers that there is still potential to find Kinsley Mine and Long Canyon type gold deposits on the property as outlined in this quote from their 2016 Exploration Report on Cherry Creek:

“In addition to the Flint Canyon area displaying the potential for a Kinsley Mine analogue, anomalous gold in soil and rock‐chip samples from the Pogonip Formation indicate that there could be a disseminated gold deposit at depth that is analogous to Newmont Mining Corporation’s Long Canyon Mine currently in production. At Long Canyon, disseminated gold mineralization occurs in a lenticular and laminated limestones as well as collapse breccias in the lower Pogonip Formation and in laminated limestone and siltstone at the base of the Notch Peak Formation near the contact with the Dunderberg Shale.”

In addition to follow up work required on untested gold in soil and rock chip samples at Flint Canyon and two targets previously described herein; several other targets exist on the property that warrant drill testing.  These targets will be summarized in a separate news release.

In the meantime Viscount is speaking with interested parties about the Cherry Creek property.

All of the results given in this news release were taken directly from the Rangefront Geological drill report prepared for Summit Mining Exploration Inc. All of the assaying was done by an ISO certified analytical company. Rangefront Geological and Summit geologists do all their work using the best industrial practices.

Quality Assurance/Quality Control ("QA/QC") Measures, Chain of Custody:

The Company has implemented a rigorous QA/QC program using best industry practices at the Cherry Creek Property. Drill core samples are transported in security-sealed bags for analyses at ALS Labs Limited, of Elko, Nevada. Individual samples are labeled, placed in plastic sample bags and sealed. Groups of samples are then placed into durable rice bags that are then shipped. A small ‘B split’ of each sample of drill cutting interval was collected at the rig and archived in secure storage. The sample pulps and rejects will be retrieved from ALS. The insertion of standards, blanks and duplicates as well as logging was conducted by Rangefront Geological and Summit personnel at the property site.

Qualified Persons

The exploration and drill programs were managed by David Tretbar, Summit Exploration’s Executive Vice President, Exploration and Mineral Resources, a Qualified Person as defined by NI 43-101. Mr. Tretbar is a registered Professional Geologist in Arizona (# 48036) and a Certified Professional Geologist (CPG # 11086) with the American Institute of Professional Geologists.

The scientific and technical information contained in this news release has been reviewed by Dallas W. Davis, P. Eng, FEC., an independent consulting geologist who is a "Qualified Person" as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43- 101").

About Viscount Mining (TSX VENTURE: VML) (OTCQB: VLMGF)

Viscount Mining is an exploration company with a portfolio of silver and gold properties in the Western United States, including Cherry Creek in Nevada and Silver Cliff in Colorado. Cherry Creek is comprised of more than 9,000 acres, all 100% owned, and includes more than 20 past producing mines. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past-producing mineral districts of Silver Cliff and Rosita Hills.

For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com

ON BEHALF OF THE BOARD OF DIRECTORS         

“Jim MacKenzie”       

President, CEO and Director                                                           

For further information, please contact:

Viscount Investor Relations

Phone: 604-960-0535                                                                                                    

Email: info@viscountmining.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Viscount Mining Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Viscount Mining Corp. management on the date the statements are made. Except as required by law, Viscount Mining Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

###

Southern Lithium's Geophysical Survey Shows Large Brine Target at its Cruz Property, Salta Province, Argentina

PRESS RELEASE                                                                                                   February 21, 2017

VANCOUVER, Canada – – Southern Lithium Corp.  (TSX-V: SNL FSE: SL5)  ("Southern" or "the Company") is pleased to announce that we have been informed by Millennial Lithium Corp. (the “Optionor”), that it has received favorable results from a recently completed ground geophysics program that was previously announced (February 2, 2017) at its Cruz Property (the "Property"), located in the Pocitos salar basin in Salta Province, Argentina.

In early February, the companies completed a Transient Electromagnetic Survey (“TEM”) survey that was carried out by Quantec Geoscience Argentina S.A., (“Quantec”) of Mendoza, Argentina. The TEM covered a total of 16 points covering 20.25 square kilometres, on a 4500 metre-by 4500 metre (m) grid, at 1500 meters spacing. 

The TEM results show a continuous north-south trending conductive unit over a distance of more than 6 kilometres.  In comparison to other salar basins in the region, highly conductive readings generally indicate a high content of brine.  Salar brines in the “Lithium Triangle” of Argentina, Bolivia and Chile typically contain high levels of lithium.

The spacing of the survey points leads to an interpretation of conjoined oval-shaped areas underlain by brine. The overall basin however is shaped by strong north-south and northwest southeast faulting. Highly conductive readings have generally been found to indicate a high content of lithium brine in most other salar basins in the area. 

In the central core of the property the indications of brine appear as shallow as 30 metres, below a compact near surface halite layer and to a depth of 250 metres.  Due to the highly conductive nature of the anomaly, survey readings were limited to a maximum 250 metres.  

The results of the geophysics survey are interpreted to be very positive, suggesting a large area of brine at shallow depths and extending to over 250 metres of depth. A 2-hole drilling program is planned to commence on approval of the addendum to the existing exploration environmental impact report, anticipated in March.

Company CEO Clive Massey states: “We are extremely encouraged with the results of the geophysics and we are pleased with the level of participation investors have shown in the recently announced Private Placement. This financing will be another significant step forward for Southern as it continues to build shareholder value and execute on raising the funding necessary to accelerate the advancement of the exploration efforts at the Cruz Property in Argentina."

Millennial’s COO Iain Scarr states: “The results of the geophysics program thus far appears to confirm our assertion that the Pocitos basin is highly likely to host significant quantities of lithium brine. Its proximity to other large resources, the structural setting, and known chemical indicators are reinforced by these results in justifying and targeting exploration drilling. We are very encouraged by this program, and are grateful to Quantec Argentina for their quality work and thoughtful interpretation. Our plan now is to commence the drilling program as soon as permitting allows. We look forward to reporting further results.”

About Quantec

Quantec Geoscience is a geophysical survey company specializing in ground-based electrical and EM surveys. Quantec offers a full turnkey solution to customers – from project planning all the way to final interpretation. Quantec has been a geophysical survey acquisition company, and it prides itself for the quality of their field work. The 5,000+ and counting surveys conducted by Quantec have been located in basically any and every type of environment found on the planet.

About TEM

TEM uses electromagnetic impulse excitation to investigate the subsurface. It is a variation of the electromagnetic method in which electric and magnetic fields are induced by transient pulses of electrical current in coils or antennas instead of by continuous current. TEM surveys have become the most popular surface EM technique used in exploration for minerals and groundwater and for environmental mapping. Ohm is the unit of measurement of electrical resistance in a material. One ohm is the resistance in a circuit when one volt maintains a current of one amp.

Qualified Persons

The scientific and technical information contained in this news release has been reviewed and approved by Larry Segerstrom, M.Sc. (Geology), P.Geo., a Director of the Company, who is a “Qualified Person” as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

The exploration program is being managed by Iain Scarr, Millennial Lithium Corp., Chief Operating Officer, and a Qualified Person as defined by NI 43-101. Mr. Scarr is Certified Professional Geologist (CPG) with the American Institute of Professional Geologists.

Southern Private Placement

As previously announced on February 7, 2017, the Company announced a non-brokered private placement of 4,000,000 units (each “Unit“) at a purchase price of $0.25 per Unit, for gross proceeds of up to $1,000,000. Each Unit will consist of one (1) common share (“Common Share“) of the Company and one (1) non-transferable share purchase warrant (“Warrant“).

Each Warrant will entitle the holder to acquire one (1) Common Share at an exercise price of $0.35 for a period of 18 months from the closing date of the Private Placement. In the event that the Company’s common shares trade at a closing price greater than $0.50 per share for a period of 10 consecutive trading days at any time after the closing date, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date hereafter referred to as the (“Forced Conversion Feature“) on which such notice is given by the Company.

The private placement is subject to TSX Venture Exchange approval. There will be a hold period of four months and one day on all securities issued under this financing.

About the Cruz Property

Through its partner Millennial Lithium Corp., the Company has executed a formal option agreement with Proyecto Pastos Grandes S.A. (“PPG SA”), a wholly owned subsidiary of Millennial, to be granted an option to acquire an eighty percent (80%) interest in the PPG SA’s Cruz Property in the Pocitos Salar Basin in Salta Province, Argentina.

The Cruz Property is located in the heart of South America’s Lithium Triangle (northern Chile, northwestern Argentina and southwest Bolivia). The property encompasses 2,500 hectares in the Pocitos salar basin in Salta Province, Argentina, and lies 11 kilometres south of ADY Resources Limited’s lithium brine resource in the Salar del Rincón Basin.

The Cruz property is adjacent to the Rincon volcanic center that defines the southern limit of the Rincon salar basin, where ADY Resources Limited is extracting lithium brine, and the northern limit of the Pocitos salar basin, where the Cruz property is located. Both properties lie along the structural belt that hosts the important lithium resources of the region, and at the junction of a large north-south fault system and the northwest-southeast megastructure along which lies the Rincon volcano, the possible source of the lithium brine in both salar basins.

The 60-kilometre long Pocitos salar basin has previously only been drill tested with a shallow 12-hole program in the 1970s, by an Argentinean government agency “Direccion General de Fabricaciones Militares”. To date, this is the only confirmed exploration drilling conducted in the Pocitos basin. The hole that produced the best results is near the southeast edge of the Cruz property boundary, and averaged 417 parts per million; note that these results are considered historical and cannot be confirmed under NI 43-101 standards.

About Southern Lithium Corp (TSX-V: SNL FSE: SL5)

Southern Lithium Corp. is a resource exploration company engaged in the business of acquiring and exploring minerals properties. Southern Lithium Corp. has assembled an experienced management team with a growth strategy to develop portfolio of Lithium projects. The Company’s main objective is to add shareholder value through exploration and development of high quality resources through strategic acquisitions, joint ventures, and marketing while maintaining a lower risk profile through project diversification and sound, cost-effective financial management. With the potential acquisition of the Cruz property, Southern Lithium intends to establish its presence in the Pocitos basin and further deliver on its mission to secure technically superior lithium projects. The Company is only focusing on projects of the highest technical merit in favorable geopolitical jurisdictions.

Further information about the Company is available on our website at www.southernlithium.com or under our profile on SEDAR at www.sedar.com.

ON BEHALF OF THE BOARD OF DIRECTORS             

“Clive H. Massey”

Chief Executive Officer                                                                   

For further information, please contact:

Southern Lithium Corp.

Sam Eskandari

Phone: +1.416.918.6785                                                                                               

Email: ir@southernlithium.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

(Cautionary statement: At this stage there has been insufficient exploration completed such that a mineral resource may be calculated. The potential quantity and grade can only be established with further work, including sampling, which the Company is initiating shortly. It is currently not known if this additional work will result in identifying a mineral resource.)

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws.

###

Southern Lithium Corp. Announces New CEO

PRESS RELEASE                                                                                                   February 14, 2017

VANCOUVER, Canada – – Southern Lithium Corp.  (TSX-V: SNL FSE: SL5)  ("Southern" or "the Company") is pleased to announce that Clive H. Massey will be filling the position of  Chief Executive Officer ("CEO") effective immediately. In addition to the role of CEO, Mr. Massey will also continue to serve as a director on the Company's board.

Mr. Massey has over 27 years of public relations and marketing experience with both public and private companies in the mining industry including business development, strategy, resource assessment, and mineral exploration and government relations. He has a strong understanding of the equity markets and has been involved in both debt and equity financings of up to $60 million and has also held directorships for various Toronto Stock Exchange Venture listed companies.

Mr. Massey has been the President and CEO at Aldever Resources Inc. since February 2015. He serves as the CEO, President and Director at Windfire Capital Corp. since 2011. He served as the CEO and President of Redhill Resources Corp. (now Millennial Lithium Corp.) from January 2012 to October 2012. Mr. Massey was co-founder and CEO and Director of Prescient Mining Corp from March 2007 to August 2008. Mr. Massey co-founded and served as President and CEO of Universal Uranium, (now Expedition Mining Inc.). From 2005 to 2007 he coordinated the public relations programs for several successful public companies including Lumina Copper Corp. which was purchased by Teck Cominco Ltd. Previously, he served as Head of Investor Relations and Director of Corporate Communications at Inca Pacific Resources Inc. Mr. Massey has held management or investor relations positions with Greystar Resources, Marafill Mines, Everett Resources Ltd. and The North Air Group of Companies. Mr. Massey has also be involved as a consultant with public companies in various sectors of industry including manufacturing, financial services and high tech.

Lawrence Segerstrom, President of Southern Lithium stated, "I would like to congratulate Clive and look forward to working closely with him on advancing the business objectives for the Company. His experience both in the capital markets and the mining industry, will be of great value to the company in the role of CEO."

About the Cruz Property

Through its joint venture partner Millennial Lithium Corp. (TSX-V: ML) (OTCQB: MLNLF), the Company has executed a formal option agreement with Proyecto Pastos Grandes S.A. (“PPG SA”), a wholly owned subsidiary of Millennial, to be granted an option to acquire an eighty percent (80%) interest in the PPG SA’s Cruz Property in the Pocitos Salar Basin in Salta Province, Argentina.

The Cruz Property is located in the heart of South America’s Lithium Triangle (northern Chile, northwestern Argentina and southwest Bolivia). The property encompasses 2,500 hectares in the Pocitos salar basin in Salta Province, Argentina, and lies 11 kilometers south of ADY Resources Limited’s lithium brine resource in the Salar del Rincón Basin.

The Cruz property is adjacent to the Rincon volcanic center that defines the southern limit of the Rincon salar basin, where ADY Resources Limited is extracting lithium brine, and the northern limit of the Pocitos salar basin, where the Cruz property is located. Both properties lie along the structural belt that hosts the important lithium resources of the region, and at the junction of a large north-south fault system and the northwest-southeast megastructure along which lies the Rincon volcano, the possible source of the lithium brine in both salar basins.

The 60-kilometer long Pocitos salar basin has previously only been drill tested with a shallow 12-hole program in the 1970s, by an Argentinean government agency “Direccion General de Fabricaciones Militares”. To date, this is the only confirmed exploration drilling conducted in the Pocitos basin. The hole that produced the best results is near the southeast edge of the Cruz property boundary, and averaged 417 parts per million; note that these results are considered historical and cannot be confirmed under NI 43-101 standards.

About Southern Lithium Corp (TSX-V: SNL FSE: SL5)

Southern Lithium Corp. is a resource exploration company engaged in the business of acquiring and exploring minerals properties. Southern Lithium Corp. has assembled an experienced management team with a growth strategy to develop portfolio of Lithium projects. The Company’s main objective is to add shareholder value through exploration and development of high quality resources through strategic acquisitions, joint ventures, and marketing while maintaining a lower risk profile through project diversification and sound, cost-effective financial management. With the potential acquisition of the Cruz property, Southern Lithium intends to establish its presence in the Pocitos basin and further deliver on its mission to secure technically superior lithium projects. The Company is only focusing on projects of the highest technical merit in favorable geopolitical jurisdictions.

Further information about the Company is available on our website at www.southernlithium.com or under our profile on SEDAR at www.sedar.com.

ON BEHALF OF THE BOARD OF DIRECTORS             

“David Alexander”

Chief Financial Officer                                                                     

For further information, please contact:

Southern Lithium Corp.

Sam Eskandari

Phone: +1.416.918.6785                                                                                               

Email: ir@southernlithium.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws.

###

Southern Lithium Announces Non-Brokered $1 Million Private Placement

PRESS RELEASE                                                                                                     February 7, 2017

VANCOUVER, Canada - - Southern Lithium Corp.  (TSX-V: SNL) (FSE: SL5) ("Southern" or "the Company") is pleased to announce a Non-Brokered Private Placement (the "Private Placement")  to raise gross proceeds of up to CDN$1.0 Million.

The company will issues 4,000,000 units (each "Unit") at a purchase price of $0.25 per Unit, for gross proceeds of up to $1,000,000. Each Unit will consist of one (1) common share ("Common Share") of the Company and one (1) non-transferable share purchase warrant ("Warrant").

Each Warrant will entitle the holder to acquire one (1) Common Share at an exercise price of $0.35 for a period of 18 months from the closing date of the Private Placement. In the event that the Company's common shares trade at a closing price greater than $0.50 per share for a period of 10 consecutive trading days at any time after the closing date, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date hereafter referred to as the ("Forced Conversion Feature") on which such notice is given by the Company.

The private placement is subject to TSX Venture Exchange approval. There will be a hold period of four months and one day on all securities issued under this financing.

About the Cruz Property

Through its joint venture partner Millennial Lithium Corp. (TSX-V: ML) (OTCQB: MLNLF), the Company has executed a formal option agreement with Proyecto Pastos Grandes S.A. (“PPG SA”), a wholly owned subsidiary of Millennial, to be granted an option to acquire an eighty percent (80%) interest in the PPG SA’s Cruz Property in the Pocitos Salar Basin in Salta Province, Argentina.

The Cruz Property is located in the heart of South America’s Lithium Triangle (northern Chile, northwestern Argentina and southwest Bolivia). The property encompasses 2,500 hectares in the Pocitos salar basin in Salta Province, Argentina, and lies 11 kilometers south of ADY Resources Limited’s lithium brine resource in the Salar del Rincón Basin.

The Cruz property is adjacent to the Rincon volcanic center that defines the southern limit of the Rincon salar basin, where ADY Resources Limited is extracting lithium brine, and the northern limit of the Pocitos salar basin, where the Cruz property is located. Both properties lie along the structural belt that hosts the important lithium resources of the region, and at the junction of a large north-south fault system and the northwest-southeast megastructure along which lies the Rincon volcano, the possible source of the lithium brine in both salar basins.

The 60-kilometer long Pocitos salar basin has previously only been drill tested with a shallow 12-hole program in the 1970s, by an Argentinean government agency “Direccion General de Fabricaciones Militares”. To date, this is the only confirmed exploration drilling conducted in the Pocitos basin. The hole that produced the best results is near the southeast edge of the Cruz property boundary, and averaged 417 parts per million; note that these results are considered historical and cannot be confirmed under NI 43-101 standards.

About Southern Lithium Corp (TSX-V: SNL FSE: SL5)

Southern Lithium Corp. is a resource exploration company engaged in the business of acquiring and exploring minerals properties. Southern Lithium Corp. has assembled an experienced management team with a growth strategy to develop portfolio of Lithium projects. The Company’s main objective is to add shareholder value through exploration and development of high quality resources through strategic acquisitions, joint ventures, and marketing while maintaining a lower risk profile through project diversification and sound, cost-effective financial management. With the potential acquisition of the Cruz property, Southern Lithium intends to establish its presence in the Pocitos basin and further deliver on its mission to secure technically superior lithium projects. The Company is only focusing on projects of the highest technical merit in favorable geopolitical jurisdictions.

Further information about the Company is available on our website at www.southernlithium.com or under our profile on SEDAR at www.sedar.com.

ON BEHALF OF THE BOARD OF DIRECTORS             

“David Alexander”

Chief Financial Officer                                                                     

For further information, please contact:

Southern Lithium Corp.

Sam Eskandari

Phone: +1.416.918.6785                                                                                               

Email: ir@southernlithium.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws.

###

Update on Southern Lithium’s Cruz Property, Salta Province, Argentina

PRESS RELEASE                                                                                                     February 2, 2017

VANCOUVER, Canada -- Southern Lithium Corp.  (TSX-V: SNL FSE: SL5)  ("Southern" or "the Company") is pleased to provide  an update for the lithium exploration program  announced (December 6, 2016), to be executed at  its Cruz Property (the "Property"), located in Salta Province, Argentina.

The Company is waiting for the review process of the previously submitted application to be completed and the issuance of the permit to drill the property in first quarter of 2017. While waiting for the permit to be issued, the Company has initiated a geophysical survey that will enable the Company to delineate bodies of brine and identify drill targets.

The Phase I lithium brine exploration program will consist of drilling one core hole at two separate locations in the salar to establish stratigraphic and porosity data, and for brine extraction and evaporation trials. At both sites, an HQ core hole will test the salar to a depth of 350m, or deeper if warranted to ensure that any brine bodies identified by the geophysical survey in the salar basin are sampled. In the deeper parts of some salar basins, coarse sediments that were deposited early during the filling of the basins have the potential to be excellent brine aquifers.

During the drilling, samples for chemical analysis will be collected using a drive point system, which employs an in-situ sampling tool to collect brine samples from discrete vertical intervals. The brine will be tested on-site to determine density, conductivity and pH. Chemical analysis will be will be completed at a specialized, certified laboratory.

After drilling the core holes, down-hole geophysics will be used to target potentially productive zones. Subsequently, each hole will be cleaned and fitted with slotted casing and a gravel filter for possible future use as a monitoring well if results indicate that an adjacent pumping test well be drilled.

The program will be managed on the ground in Argentina through its joint venture partner Millennial Lithium Corp. Millennial has engaged HIDROTEC S.R.L., a Salta-based drilling company with extensive recent experience in drilling and testing salar-hosted lithium brines, to complete the Phase I drilling program. Millennial has engaged Mike Rosko of Montgomery and Associates, Inc. a US-based hydrogeological consultancy to provide program guidance and act as the Company's qualified person for reporting results.

About the Cruz Property

Through its joint venture partner Millennial Lithium Corp. (TSX-V: ML) (OTCQB: MLNLF), the Company has executed a formal option agreement with Proyecto Pastos Grandes S.A. (“PPG SA”), a wholly owned subsidiary of Millennial, to be granted an option to acquire an eighty percent (80%) interest in the PPG SA’s Cruz Property in the Pocitos Salar Basin in Salta Province, Argentina.

The Cruz Property is located in the heart of South America’s Lithium Triangle (northern Chile, northwestern Argentina and southwest Bolivia). The property encompasses 2,500 hectares in the Pocitos salar basin in Salta Province, Argentina, and lies 11 kilometers south of ADY Resources Limited’s lithium brine resource in the Salar del Rincón Basin.

The Cruz property is adjacent to the Rincon volcanic center that defines the southern limit of the Rincon salar basin, where ADY Resources Limited is extracting lithium brine, and the northern limit of the Pocitos salar basin, where the Cruz property is located. Both properties lie along the structural belt that hosts the important lithium resources of the region, and at the junction of a large north-south fault system and the northwest-southeast megastructure along which lies the Rincon volcano, the possible source of the lithium brine in both salar basins.

The 60-kilometer long Pocitos salar basin has previously only been drill tested with a shallow 12-hole program in the 1970s, by an Argentinean government agency “Direccion General de Fabricaciones Militares”. To date, this is the only confirmed exploration drilling conducted in the Pocitos basin. The hole that produced the best results is near the southeast edge of the Cruz property boundary, and averaged 417 parts per million; note that these results are considered historical and cannot be confirmed under NI 43-101 standards.

About Southern Lithium Corp (TSX-V: SNL FSE: SL5)

Southern Lithium Corp. is a resource exploration company engaged in the business of acquiring and exploring minerals properties. Southern Lithium Corp. has assembled an experienced management team with a growth strategy to develop portfolio of Lithium projects. The Company's main objective is to add shareholder value through exploration and development of high quality resources through strategic acquisitions, joint ventures, and marketing while maintaining a lower risk profile through project diversification and sound, cost-effective financial management. With the potential acquisition of the Cruz property, Southern Lithium intends to establish its presence in the Pocitos basin and further deliver on its mission to secure technically superior lithium projects. The Company is only focusing on projects of the highest technical merit in favorable geopolitical jurisdictions.

Qualified Persons

The scientific and technical information contained in this news release has been reviewed and approved by Larry Segerstrom, M.Sc. (Geology), P.Geo., a Director of the Company, who is a "Qualified Person" as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

Further information about the Company is available on our website at www.southernlithium.com or under our profile on SEDAR at www.sedar.com.

ON BEHALF OF THE BOARD OF DIRECTORS             

“David Alexander”

Chief Financial Officer                                                                     

For further information, please contact:

Southern Lithium Corp.

Sam Eskandari

Phone: +1.416.918.6785                                                                                               

Email: ir@southernlithium.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws.

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