Ongoing Multi-Hole Drill Program On The Clayton Valley Lithium Clay Project

VANCOUVER - Spearmint Resources Inc. reported that each of the first three completed drill holes of the ongoing 2020 multi-hole drill program on its Clayton Valley lithium clay project have encountered visual clay, including intercepts of between 175-200 feet of targeted clay formation in each hole. Samples form the first three drill holes have been immediately sent for assaying on a rush basis. Spearmint continues to drill the remainder of its multi-hole drill program.

James Nelson, President, said, "We are very pleased the first three completed drill holes of our ongoing 2020 drill program have each encountered significant intercepts of clay. We are very encouraged from what we saw in these first three drillholes, so in order to get these results to the market as soon as possible, we have decided to have them sent out for immediate assaying on a rush basis.

While 2018's drill program occurred at a time when the general market conditions were anemic, management believes that positive results from its current drill program could have a much more meaningful impact at a time when the market is giving value to lithium projects specifically located in Nevada. This current multi-hole drill program will be much more robust than the 2018 drill program and may potentially give Spearmint the ability to delineate a potential resource on our portion of this lithium-bearing clay deposit that we share with Cypress Development Corp.