Spearmint Resources (SPMTF)

[TradingCharts]

January 29, 2021 - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the “Company) is pleased to announce that the Company has engaged McClelland Laboratories Inc. of Sparks, Nevada for the planned metallurgy on the lithium hosted claystone drilled on Spearmint’s property. Once the final 5 holes are received the samples will be sent for testing.

James Nelson, President of Spearmint states, “The metallurgy testing will be the next step towards a planned resource calculation and may guide the company in the right direction for optimal utilization and lower-cost recovery of lithium hosted within the claystone. Elon Musk stated at his battery day in September 2020, they are exploring an “acid-free saline extraction” lithium production process development for sedimentary clays in Nevada. We have seen how multiple processes have given positive indications on Spearmint’s bordering properties and we plan to utilize all this data to streamline our testing. Spearmint is in the best financial shape in the company’s history, and with the pending results coming, we are very excited about the month of February. We expect to receive the results from the pending 5 drill-holes any day now, at a time when the lithium price is starting to feel upward demand pressure and the electric vehicle (EV) growth is seeing exponential expansion.”