Ann: Exploration Update - Lithium Brine Projects, page-18

Good morning,

both MT surveys done by Zonge International but what you have to understand is, that the image released by ICM / Iconic Minerals is a consolidation and interpretation of all MT lines whereas the image released by CAD is only one line....

"The survey, conducted by Zonge International Inc. of Reno, Nevada, consisted of six east-west lines covering a north-south target area 8 km (5 miles) in length. A total of 145 MT soundings were recorded at 73 receiver stations, with station spacing being 200 metres (656 feet). The results show a well-defined, very low resistivity layer starting approximately 200 metres (656 feet) below the surface and getting deeper to the east (see interpreted section on website). Resistivities are remarkably low, often being below 0.5 ohm metres. The low resistivity layer is interpreted to be a brine filled reservoir unit. Evaporitic material sampled on surface, was interpreted to be derived from a brine which when analyzed was found to contain lithium. (See News Release April 6, 2016)."

I have a position in ICM but wish you all the best with Caeneus. Each further exploration success and development in the Bonnie Claire / Sarcobatus Flat area helps to get more attention.

Regards phobieeee