Reedy Lagoon Corporation Limited is not continuing with filing the placer claims it staked last quarter in the Northern McDermitt Caldera located in Oregon, USA. The Company has received advice from the Bureau of Land Management ('BLM') that the areas are withdrawn from location of mining claims. This means that no claims can be filed and thereby validated in the areas that were staked. Accordingly the Company is not continuing with its Alvord lithium brine project in the Northern McDermitt Caldera.

Contact:

Geof Fethers

Managing Director

Telephone: (03) 8420 6280

E: reedylagoon.com.au

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