Blue Eagle Lithium Inc. (OTCPK:BEAG) entered into an agreement to acquire working interest in 50 mineral claims in Railroad Valley of Nevada of Rangefront Geological for $1.1 million on April 22, 2019. Under the terms of consideration, Blue Eagle Lithium will issue 200,000 restricted shares. In addition, Blue Eagle agrees to pay Rangefront $1 million in cash upon completion of an inferred resource calculation that confirms the presence on the Property of a minimum 700,000 tonnes of lithium carbonate equivalent grading no lower than a 40 ppm Li grade average. The agreement also provides for an option to acquire an additional 26 mineral claims comprising an additional 520 acres in the Railroad Valley of Nevada. The option for the additional 26 mineral claims is valid for 30 business days from the closing of the agreement and will require Blue Eagle within thirty (30) days from the closing of the agreement to issue an additional 100,000 restricted shares in the common stock of the capital of the company as well as a payment of $7,500 in cash. Rangefront will retain a 1% royalty on revenues derived from the sale of lithium concentrate and other ores extracted from the mineral claims. Blue Eagle has the right to purchase 0.5% of the royalty at anytime for $1 million.