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Lithic Metals and Energy

('Lithic' or 'the Company')

Strong Nickel Results, Togo

Highlights

• Kpoté Pitting continues to demonstrate strong nickel values

• Intersections include 12m @ 1.39% Ni and 11m @ 1.17%

Lithic Metals and Energy (AIM:LMY) today announce further analytical results from test pitting at its Kpoté and Haito nickel prospects, Togo.

At the Kpoté prospect, results from pitting confirm the presence and continuity of nickel mineralisation encountered in earlier nearby pitting. Consistent to earlier results, thicker, higher grade nickel intersections also tend to be open at depth, with test pitting limited to approximately 12m depth due to safety constraints. 

At the nearby Mount Haito prospect, broadly-spaced test pitting continues to encounter shallow nickel mineralisation over a 2 kilometre strike length.  Weathering of ultramafic lithology, the essential process required to enhance nickel values, appears to be less pronounced at Mount Haito than that observed at Kpoté, possibly explaining the typically lower nickel values encountered in pitting.

A table of significant pit intersections is presented below.

Commenting on these results, Lithic Managing Director Jim Kerr said 'Kpoté continues to reveal consistently high nickel values over the portion of ultramafic lithology we can effectively sample by test pitting. At Mt Haito, elevated nickel values are present over a broad area, but the degree and thickness of nickel enrichment appears to be less pronounced than that observed at Kpoté and may well reflect the less weathered nature of lithology there.

We have now clearly demonstrated the presence of significant nickel mineralisation within the Haito project, with much of the prospective ground yet to be sampled.'

For more information, please visit our website www.lithicme.com

Jim Kerr, Lithic Metals & Energy	Tel: +61 8 9322 5804
David Youngman / Katy Mitchell, WH Ireland Limited	Tel: +44 (0)161 832 2714
Laurence Read / Beth Harris, Threadneedle Communications	Tel: +44 (0)20 7653 9850

  Table 1: Kpoté and Haito Prospect Test Pitting Intersections

Pit Number	Total Depth	UTM EAST (Zone 31N)	UTM NORTH (Zone 31N)	RL	Intersections
					Nickel %	Co (ppm)
Kpote Test Pits
HKP080	10.4m	268171	801101	488.7	1.4m @ 1.07% Ni from 0m	360
HKP081	10.4m	268349	801202	504.9	7.4m @ 1.29% Ni from 0m	598
HKP082	12.1m	268298	800995	514.8	11m @ 1.17% Ni from 1.1m	477	*
HKP083	12m	268218	800920	513.1	11m @ 0.86% Ni from 1m	1293	*
HKP084	12m	268340	800810	464.0	12m @ 1.39% Ni from 0m	691	*
HKP085	6.8m	268151	800513	429.9	6.8m @ 1.02% Ni from 0m	313	*
HKP086	12m	268712	800980	434.6	1m @ 0.55% Ni from 11m	310	*
HKP087	12m	268771	800993	426.8	7m @ 0.99% Ni from 5m	261	*
HKP088	11.9m	268636	800922	428	9m @ 0.78% Ni from 2.9m	199	*
HKP089	8.75m	268800	800960	414	3m @ 0.59% Ni from 5.75m	310	*
HKP090	9.4m	268771	801040	417	No significant results
HKP091	6.9m	268701	801038	435	2m @ 0.63% Ni from 2.9m	245
HKP092	6.9m	268671	801071	434	2.9m @ 0.68% Ni from 0m	307
HKP093	5.5m	268498	800927	456	No significant results
HKP094	8.4m	268137	800878	494	4m @ 0.97% Ni from 4.4m	2237.5	*
Mt Haito Test Pits
HHP034	7.5m	273651	797899	434.1	4m @ 0.72% Ni from 2.5m	217
HHP035	4.2m	273843	798161	475.5	No significant results
HHP036	4.5m	273842	798262	482.9	2.5m @ 0.60% Ni from 0m	138
HHP037	7.2m	273838	798370	452.1	3.2m @ 0.60% Ni from 0m	178
HHP039	3.6m	273654	798098	464.4	2.6m @ 0.52% Ni from 1m	136	*
HHP040	4.2m	274400	798250	325	No significant results

*Denotes pitting ended in >0.5% Ni grades

Notes:

• Nickel analyses completed by ALS laboratories Perth, Western Australia by ME XRF-12 borate flux method.

• Intercepts calculated as a weighted average using >0.5% Ni values and a maximum of 2m internal waste, minimum width 1m

• Cobalt values reported as a weighted average value over the corresponding reported nickel intersection.

The information in this report that relates to Exploration Results is based on information compiled by Managing Director Jim Kerr (BSc Geol, MSc Min Econ, MSEG). Mr Kerr, a full-time employee of Lithic Metals and Energy is a Member of the Australasian Institute of Mining and Metallurgy and is a Competent Person as defined in the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Kerr consents to the circulation and inclusion in the report of the matters based on the information in the form and context in which it appears.

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