Bearing Lithium Corp. announced that the Preliminary Economic Assessment for the Maricunga Project, previously announced on December 19th, 2017, was subsequently filed on SEDAR on December 22, 2017. The report titled "Preliminary Assessment and Economic Evaluation of the Minera Salar Blanco Project" prepared by WorleyParsons. NI 43-101 Preliminary Economic Assessment (PEA) Highlights: The Maricunga Lithium Brine project's Preliminary Economic Assessment (PEA) supports 20,000 tonnes per annum (t/a) production of lithium carbonate (LCE) and 74,000t/a potassium chloride fertilizer (KCl) over 20 years. Project NPV is estimated to be $1.049 billion before tax at 8% discount rate, providing an IRR of 23.4% and payback period of 2 years and 11 months. Project operating cost places Maricunga among most efficient producers with lithium carbonate production cost of $2,938 per tonne (/t) FOB in Chile, reducing to $2,635/t with credits from KCl by-product. Project development cost estimated at $366 million excluding KCl, plus indirect costs of 14.2% ($55 million) and 18.6% ($83 million) contingency. The project is progressing to a feasibility study, providing improved certainty regarding reserves, metallurgical design, equipment and operational risks. Conventional evaporation pond and process technology used to minimize operational risks. PEA completed by Tier-1 engineering consultancy WorleyParsons to international standards. Accuracy of operating and capital cost estimates expected within a +/- 25% range.