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Dajin Announces High Grade Lithium Assay Results at Salinas Grandes Salar

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Do Geothermal Systems Play A Role In Lithium Brine Enrichment In Nevada !

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PRESS RELEASE

Dajin Resources and Geothermal Development Associates Sign Joint Venture Agreement

VANCOUVER, British Columbia, May 01, 2018 (GLOBE NEWSWIRE) -- Dajin Resources Corp. (“Dajin”) (TSX-V:DJI) (OTC:DJIFF) (Germany:C2U1) is pleased to announce that it has signed a Joint Venture Agreement (JV) with Geothermal Development Associates (GDA), Reno, Nevada.  GDA’s principle line of business is the development of geothermal resources for electrical generation. They hold geothermal leases that overlap Dajin’s placer claims in the Teels Marsh valley.  As a result of this JV, GDA and Dajin will share exploration data with the ultimate aim of supporting the development of a Lithium brine extraction facility as well as development of a geothermal plant for electrical generation and the production of direct-use thermal water.  This agreement outlines a cooperative relationship where both companies will be focusing on their key strengths to mutually develop Lithium brine and renewable energy resources.

Dajin’s President Brian Findlay commented, “The link between geothermal systems and Lithium enrichment has been well documented, so the presence of a strong geothermal system is a good indicator for potentially commercial grades of Lithium in brine.  This factor, along with preferential access to green renewable electrical power and thermal energy to power a potential future Lithium brine operation without competition over surface and water rights, enhances the chances of identifying economic Lithium and geothermal resources.”  GDA’s President Martin Booth said, “We are pleased with this association with Dajin who understands and appreciates the significance of geothermal resources and how collaboration can help both companies move forward on their respective developments.” (click here for information on GDA)

Key attractions of Dajin’s Teels Marsh valley Lithium brine project include identified near-surface Lithium-bearing brines, possession of granted water rights, and minimal land fragmentation. The basin beneath the playa is up to 8,200 feet (2,500 metres) deep.  Prior geothermal exploration results indicate favourable geochemistry and shallow sub-surface temperatures of up to 206°F (97°C) at 131 feet (40 meters) depth at the northwest end of the valley. In March 2017, the Bureau of Land Management accepted Dajin’s Notice to proceed with civil works and drilling as part of its exploration for Lithium brines.  Construction of the roads and pads in preparation for drilling is underway. A National Instrument 43-101 report on the Teels Marsh project was released in April 2017 (a copy can be obtained by clicking here).

The technical information in this press release has been prepared in accordance with the Canadian regulatory requirements of National Instrument 43-101 and has been reviewed and approved on behalf of Dajin Resources Corp. by Dajin Directors, Dr. Catherine Hickson, P. Geo and Dr. Mark Coolbaugh, P.Geo, the Qualified Persons.

About Dajin: (www.dajin.ca)

Dajin, through Dajin Resources S.A. (“Dajin S.A.”), holds concessions or concession applications in Jujuy Province, Argentina that were acquired in regions known to contain brines with Lithium, Potassium, and Boron values.  These concessions exceed 93,000 hectares (230,000 acres) and are primarily located in the Salinas Grandes/Guayatayoc salt lakes basin.  In February 2018, Dajin announced the results of 25 shallow brine samples covering an area of 550 hectares (5.5 km2) in the northwestern corner of the 4,300 hectare (43 km2) San Jose/Navidad mina.  Concentrations ranged from 281 mg/l to 1,353 mg/l, averaging 591 mg/l Lithium. Dajin S.A. is partnered with LSC Lithium Corporation who has agreed to spend $2,000,000 to earn a 51% interest in Dajin S.A.’s Lithium properties while building a significant presence in Argentina.  (click here for information on LSC Lithium Corporation)

Dajin is an early stage Lithium exploration company holding a 100% interest in 403 placer claims covering 7,914 acres (3,202 hectares) in the Teels Marsh valley of Mineral County, Nevada.   These claims are known to contain Lithium and Boron values and are adjacent to the birth place of US Borax Corp’s first borax mine.  Dajin also holds a 100% interest in 278 placer claims covering 5,591 acres (2,262 hectares) in the Alkali Lake valley of Esmeralda County, Nevada, located 7 miles (11 kilometers) northeast of Albemarle’s Silver Peak Lithium brine operation in Clayton Valley.



Dajin Announces High Grade Lithium Assay Results at Salinas Grandes Salar

HIGHLIGHTS - High Lithium grades confirmed on Salinas Grandes salar - Peak assay returned 1,353 milligrams/liter Lithium - 60% of assays >500 mg/l Lithium and 16% >800 mg/l Lithium

Vancouver, BC / TheNewswire / February 28, 2018 - Dajin Resources Corp. ("Dajin") (TSX-V: DJI) (OTCQB: DJIFF) (Germany: C2U1) management is pleased to report that LSC Lithium Corporation (LSC) has completed phase one surface exploration of the northwest portion of the San Jose/Navidad mina located on the Salinas Grandes salar in the Province of Jujuy, Argentina. The mina forms part of a 93,000 hectare land package being earned by LSC (51%). To fulfill the terms of the earn-in agreement LSC must complete CDN$2,000,000 in expenditures. LSC is the operator of the exploration project.

The 25 shallow brine samples cover an area of 550 hectares (5.5 km2) in the northwestern corner of the 4,300 hectare (43 km2) San Jose/Navidad mina. Concentrations range from 281 mg/l to 1,353 mg/l, averaging 591 mg/l Lithium. Click here to see Geochemical Map

Exploration Methodology

The 25 sample points were pre-planned on a 500m east/west and north/south grid, utilising the company geographical information system and located in the field with a hand held GPS. At each sample site an auger drill was used to excavate an 8 inch diameter hole to a depth of 2m. Thereafter a bailer was used to extract brine 0.5m to 1.0m below the phreatic level after the brine had been given time to settle over a 30 minute period. The bailed brine was then decanted into four sterilized plastic litre size bottles and sealed without any air being trapped in the bottle. There after the samples were delivered to the laboratory for analyses.

Sampling and QA/QC

Brine sampling involved collection of brine from the sample pits by a bailer and decanted into a 20-litre container, which was flushed with fresh brine several times prior to collection of the sample. Brine was poured into 1-litre sample bottles which had been previously flushed with fresh brine from the 20-litre container several times. Sample bottles were filled to the top to eliminate the inclusion of air and sealed with a leak-proof lid. Samples were labelled and labels covered with clear tape to prevent erasure of sample information. All samples remained in the possession of the site geologist until delivery to Alex Stewart Laboratory (ASA) in Jujuy, Argentina.

LSC has a well-developed QA/QC program. Brine assays are undertaken at ASA in Jujuy, Argentina. ASA is independent of LSC and has significant experience in assaying lithium brines and is certified to ISO17025 standards. Brine assays are undertaken using ICP, gravimetric, potentiometric and volumetric methods as detailed in a press release from LSC dated April 10, 2017. ASA runs internal duplicates at a rate of 1 in 20.

LSC inserts blanks and standards in sample batches at a rate of 1 in 20. Standards are internal standards developed by LSC that have been independently certified by round robin testing. LSC uses distilled water as blanks. The analytical results for standards, blanks, and replicate samples submitted as part of this project meet established protocols for accuracy and precision.

Qualified Person/Data Verification

The scientific and technical information included in this press release has been approved by Donald H. Hains, P.Geo. Mr. Hains is a qualified person, as defined in NI 43-101 and is independent of LSC and Dajin. Mr. Hains has verified all sampling, analytical and test data contained in this press release and review of certified assay certificates against the assay data base.

About Dajin: (www.dajin.ca)

Dajin, is an early stage Lithium exploration company. Through its interest in Dajin Resources S.A. ("Dajin S.A."), it holds concessions or concession applications in Jujuy Province, Argentina that were acquired in regions known to contain brines with Lithium, Potassium and Boron values. These land holdings exceed 93,000 hectares (230,000 acres) and are primarily located in the Salinas Grandes and Guayatayoc salt lake basins (salars). San Jose/Navidad minas form part of the 93,000 hectare land package covered by the joint venture between LSC (51%) and Dajin (49%). LSC is the operator of the exploration project and is required to complete CDN$2,000,000 in expenditures.

In Nevada, Dajin holds a 100% interest in 403 placer claims covering 7,914 acres (3,202 hectares) in the Teels Marsh valley of Mineral County, Nevada. These claims are known to contain Lithium and Boron values and are adjacent to the birth place of US Borax Corp's first borax mine. Dajin also holds a 100% interest in 278 placer claims covering 5,591 acres (2,262 hectares) in the Alkali Lake valley of Esmeralda County, Nevada, located 7.5 miles (12 kilometers) northeast of Albemarle's Silver Peak Lithium brine operation in Clayton Valley. Dajin is moving forward with construction of roads and pads at its Teels Marsh valley project in preparation for drilling of four (4) large diameter exploration wells.

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