Libra Expands Quebec Lithium Footprint with Flagship Cisco West and Obamska Projects

Libra Energy Materials Inc. (CSE: LIBR) (OTCQB: LIBRF) (FSE: W0R0) is pleased to announce that it has entered into an option agreement to acquire a 100% interest in the Cisco West and Obamska lithium projects located in the Eeyou Istchee James Bay region of Québec. The Projects host large outcropping pegmatites with very low K/Rb and K/Cs ratios, indicating a highly fractionated LCT system, and have seen little to no exploration for lithium to date. Libra can earn a 100% interest through $300,000 in staged cash payments, 8,823,529 shares over three years, and a 2% NSR, with a $2,000,000 milestone payment tied to a qualifying resource. Field programs are planned on both Projects in the coming weeks, supported by strong infrastructure including the Billy Diamond Highway and the CN railhead at Matagami. The Projects are situated on the same Frotet-Evans greenstone belt that hosts Q2 Metals Corp.'s Cisco lithium project, the largest hard-rock lithium deposit in the Western Hemisphere and the fourth largest in the world, with inferred resources totalling 295 million tonnes grading 1.36% Li₂O. Cisco West is directly contiguous, and partially surrounded by, Q2's Cisco project and provides Libra with approximately 45 kilometres of strike along the Nottaway Deformation Zone, a major structural corridor highlighted in Q2's technical report as a key pathway for late-stage magmatic fluids and a favourable setting for LCT pegmatite emplacement. Both projects also benefit from the same strong infrastructure corridor that underpins Cisco's development potential. The paved, all-season Billy Diamond Highway directly transects the Cisco West project boundary, while the CN railhead at Matagami is located approximately 150 kilometres to the south. "This is more than a pure closeology play to the largest hard-rock lithium deposit in the Americas. We are advancing these projects on geological merit first and foremost. We have strong reason, geologically speaking, to believe both Cisco West and Obamska are ripe for new lithium discoveries, and we look forward to testing this thesis shortly. Meanwhile, we will continue to look to divest, option, or JV non-core projects across Canada and Brazil, as we have successfully done in the past per our $33 million earn-in with KoBold Metals Company, as we shift our focus to our new flagship Canadian projects," said Koby Kushner, CEO of Libra. "The combination of being within a fertile greenstone belt, with Cisco West spanning approximately 45 kilometres of the same Nottaway shear zone that serves as a fluid pathway at the nearby Cisco deposit, and Obamska hosting highly fractionated pegmatites already identified at surface, gives us all the ingredients we need when looking for large-scale lithium discoveries," said Dr. Jérémie Pfister, V.