Sorrento Resources Ltd. announced that it has engaged Planet X to complete a prospecting program on the PEG Lithium Project in Central Newfoundland. The Property is located approximately 45km south of Millertown and consists of 1 mineral license covering an approximate area of 4,525 ha. The mineral licenses are 100% held by Sorrento Resources Ltd. Access to the Property is via a well-maintained road connecting Millwertown with the NALCOR hydroelectric facility at Granite Lake.

The PEG Lithium Property has the potential for Lithium-Cesium-Tantalum (`LCT') Pegmatite mineralization with one of the only known Lithium anomalies in Newfoundland the "Snowshoe Pond Occurrence" with anomalous Lithium values up to 399.4ppm taken from coarse-grained pegmatite containing light green colored muscovite (Magyarosi, 2019). The geological setting of the Snowshoe Pond pegmatite dykes is similar to that of the Superior Province pegmatites found in Ontario and Quebec (Magyarosi, 2019). The pegmatites are located close to a major structural boundary between the Exploits and Meelpaeg subzones, and several are hosted in metasedimentary rocks of the Spruce Brook Formation.

The work program will consist of prospecting, mapping, and sampling of pegmatites and host rocks to determine the degree of pegmatite fractionation and any Lithium mineralization present. These results will be used as exploration vectors for future work programs on the Property.