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Genius Metals Provides an Update on Lithium381

Press Release

Genius Metals Inc. (TSXV: GENI) (“Genius Metals” or the “Corporation”) is pleased to provide an update on the exploration progress at the Lithium381 property. The optionee of this property, Clarity Metals Corp. has completed the following exploration work:

  • Induced Polarization and Resistivity survey using a 100m line spacing and 25m dipole-dipole measurements
  • Remote sensing survey including the acquisition, processing, analysis, and interpretation of Synthetic Aperture Radar (“SAR”) and Sentinel & Aster Multispectral data
  • 160 linear kilometer triaxial magnetometer survey at a 75m line spacing.
  • Follow up exploration including permitting preparation.

The results of the three surveys are pending. Upon receipt and interpretation of the results, Genius and Clarity will identify targets that will be investigated through drilling shortly.

The Lithium381 Property

The property is located in the James-Bay Eeyou Istchee territory, Quebec, Canada, approximately 3km from the KM381 service station which provides infrastructure to the local area.

The 21 mineral claims comprising the 1107 ha property are contiguous are to Allkem Limited’s (TSX: AKE) James Bay Lithium property which comprises the Allkem lithium deposit (40.8 Mt @1.40% Li2O as Indicated Resource) formerly known as the Cyr deposit (Figure 1).

Genius Metals signed an option agreement with Clarity Metals Corp. (CSE: CMET, OTC: CLGCF, FSE: 27G) on December 6th, 2022 which enables CMET to acquire a 50% interest in the Corporation’s Lithium381 property, located in the James Bay-Eeyou Istchee region of the Province of Quebec. In order to acquire this interest in the property, Clarity must spend $750,000 in exploration work before December 31st, 2024 and issue 720,000 common shares of its capital to Genius Metals.

Figure 1. Location of Lithium381 Project showing nearby properties and total pit outline on Allkem’s James Bay Lithium Project from the Allkem Feasibility Study

Qualified Person

The technical information contained in this news release was reviewed and approved by Michel Boily, Ph.D., P. Geo, qualified person under NI 43-101.

About Genius Metals

Genius Metals is a Canadian mineral exploration company focused on the acquisition, exploration and, if warranted, development of natural resource properties of merit in Canada.

Contact Information

Genius Metals Inc.

Tel.: 579-476-7000

Pierre-Olivier Goulet
Vice-President Corporate Development
Email: [email protected]

Guy Goulet
President and CEO
Email: [email protected]


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