Lepidico Ltd. reported assay results from the reverse circulation ("RC") drilling program completed late in 2018 at the Youanmi Lepidolite Project in Western Australia. A preliminary review of the assay results confirms multiple lepidolite-bearing pematites at Youanmi with indications of stronger concentrations of lithium mineralisation. Specifically, the Central Zone contains a complex cluster of over ten pegmatites ranging from 1 m to 7 m in width and averaging around 2 m in true thickness. Average grades over mineralised intercepts range from around 0.4% Li2O to 0.7% Li2O and often exceed 1.0% Li2O. At the Northern Zone, the results show the main Target 1 pegmatite continues as a 3 m to 5 m thick body to at least 50 m depth in places. A follow-up RC drilling program comprising 38 holes (YVC039 - YVC076) for 811 m was implemented at the Youanmi Lepidolite Project in November 2018 to gain a better understanding and definition of the extent and geometry of the lithium pegmatites confirmed by the Company's initial drilling campaign at the project in August 20182. A total of 181 1m-samples were assayed for a broad suite of elements. Significant Li2O intercepts (nominally > 0.10% Li2O). Five holes (192 m, 44 samples) were drilled at the Northern Zone into the main Target 1 lepidolite pegmatite, which is confirmed to carry 10%-25% lepidolite over a 3 m to 5 m thickness with average grades of 0.7% Li2O. Most of the program was directed at the Central Zone, which hosts a complex set of pegmatites spread over a 300 m x 200 m area. A total of 33 holes (619 metres, 137 samples), mostly shallow, were drilled to gain an insight into the orientation and controls on mineralisation of the pegmatites. The results show abundant lepidolite mineralisation with most of the holes intersecting significant lithium grades associated with lepidolite. Most of the holes were drilled perpendicular to the pegmatites, thus providing an indication of the true thickness. However, at least some, and in particular hole YVC058, might have been drilled down-dip, at least partly, sub-parallel with the pegmatite. A full review and interpretation of the results is now underway, with specific focus on the orientation of the individual pegmatites in the Central Zone. Although the Youanmi pegmatites are relatively thin, early indications suggest the presence of a number of strongly lepidolite-mineralised individual pegmatites that might collectively represent an economic opportunity. Future work at the project will be dependent on the outcomes from a comprehensive interpretation of the results.