Mineral Property Option Agreement On The Daggett Project

Mineral Property Option Agreement On The Daggett Project

VANCOUVER – M3 Metals Corp. has entered into a mineral property option agreement to acquire up to an eighty (80%) percent interest in the Daggett Lithium Project, in San Bernardino County, California. The Agreementis between the Company and IMEx Consultants Inc. The Agreement is subject to the regulatory approval of the TSX Venture Exchange (the “Exchange”). Because the transaction can result in the creation of a new control person, IMEx Consultants Inc., approval of the Agreement is further subject to the written consent of shareholders holding over 50% of the current issued and outstanding shares of the Company. The transactions contemplated in the Agreement constitute a Fundamental Acquisition (as that term is defined in the policies of the Exchange) and, as such, require completion of a technical report on the Property prior to receipt of regulatory approval. The technical report has been submitted for review by the Exchange and the Company hopes to move forward with the Fundamental Acquisition shortly.