The Board of Directors of PepinNini Lithium Ltd. reported positive drilling and analytical results from exploration drilling on the company's Rincon Project. Borehole PNN-VI-DW-02 was drilled to 130 metres and terminated in brine bearing sands. This hole, coupled with the results of the first hole PNN-VI-DW-01 confirm lithium bearing brines of potentially viable grades underlie the company's tenement on the west of the Salar del Rincon. Analytical results report a maximum grade of 313 milligrams/litre (mg/L) lithium and average of 284 mg/l for this latest hole. The highly porous black sand unit intersected from 31m to the base of the hole at 130m averaged 288mg/l lithium. The salar is considered saturated from 1.5m however technical issues with the packer testing equipment limited samples to the lower unit. Sampling has been conducted with an appropriate QA/QC program in place for ensuring accuracy and precision of the analytical results. Standards have not yet been established for the salar by the company but for this stage of exploration, duplicates are considered adequate. A certified laboratory, SGS Laboratories in Buenos Aires have carried out the analysis using ICP methodology.