Second Drill Hole At The Jackpot Lake Lithium Brine Project

VANCOUVER - Usha Resources Ltd. (USHA) reported on the second drill hole (JP22-2) of its maiden drill program at the Jackpot Lake Lithium Brine Property located in Clark County, Nevada. The drill is now at the 231-meter level and its exploration team has encountered similar stratigraphy to the core observed from first hole (JP22-1), where multiple zones of evaporite crystals are present as interbeds, veining, and inclusions within lacustrine sediments comprising clays, silts, and sands.

The presence of evaporite crystals within both JP22-1 and now JP22-2 further supports the presence of a brine forming environment throughout the Dry Lake Basin as crystallization of evaporites would not occur in a freshwater system and JP22-2 is located approximately 2.75 kilometers north-northwest of JP22-1.

Furthermore, based on the evidence observed, the Company believes that there is a strong potential for similar stratigraphy to be observed within its newly staked claims whereby the Company strategically expanded its control from 140 to 442 claims totaling approximately 35.3 square kilometers or 8,714 acres.

"We are pleased with the drilling completed so far in JP22-2,” said Deepak Varshney, CEO. "Demonstrating continuity within the first two drill holes of our project is a key finding that continues to support that Dry Lake, within which Jackpot is hosted, is a similar geologic setting to that of Clayton Valley. These evaporites show that the basin has undergone a long geologic period of successive accumulation and concentration events which is the model for deposition at Albemarle's Silver Peak Nevada Lithium Mine. The information identified continues to help us build our model of the basin and we look forward to seeing the stratigraphy within the rest of our second hole as drilling continues."