https://alsetenergy.ca/news/2016/alset-executes-final-agreement-on-lithium-salars-in-mexico

THUNDER BAY, ONTARIO–(Marketwired – July 13, 2016) – Alset Energy Corp. (TSX VENTURE:ION) (“Alset” or “the Company”) is pleased to announce that the Company has signed the final agreement to acquire the right to earn a 100% interest in the previously announced Mexican lithium, potassium and boron brine salar assets (see PR May 10, 2016) located in Zacatecas and San Luis Potosi, Mexico. After a review of all data and completion of a site visit by Alset and its advisors, the Company has decided to acquire four large concessions containing seven top priority salars which include, Caliguey, La Doncella, Colorada, La Salada, Santa Clara, Saldivar and Chapala. Although there are several other salars noted on these four concessions, very little work has been completed on them to date. The Company selected these salars due to their attractive lithium, potassium and boron values from limited shallow sampling down to a depth of five metres. Of particular interest is the La Salada salar where preliminary and unaudited analyses of samples from the southern half of the salar returned grades frequently exceeding 1500 mg/l with occasional values over 2000 mg/l lithium, 8% potassium and 60 mg/l boron. The depth and grade beneath 5 metres is unknown at this time but preliminary geophysical surveys indicate a possible depth of 70 metres.

Chemical and geophysical (resistivity) results were provided by the current concession owner. Alset has not verified all the data as most of the sample trenches are no longer open for duplicate sampling. However, the samples were analyzed and results reported by a certified laboratory. The results are considered relevant and suitable for disclosure because they reveal the presence of lithium in concentrations of potentially economic interest.