| April 6, 2010 UPDATE ON CRYPTO ZINC-COPPER-INDIUM PROJECT Lithic Resources Ltd. (LTH-TSX Venture) (the "Company") would like to issuean update regarding its activities and developments with respect to its 100%owned Crypto project in western Utah. As of the beginning of April: 1) a Preliminary Economic Assessment (PEA) is well underway and is beingcarried out by a team of highly experienced independent consulting engineersincluding: a) metallurgy and process engineering: Ken Major, P.Eng. - former Managerand/or Senior Engineer for Kilborn Engineering, Bateman Engineering andHatch Ltd. b) resource/economic modelling and open pit mine design: John Nilsson,P.Eng. - Principal in Nilsson Mine Services Ltd. c) underground mine design: Keith Durston, P.Eng. - former Chief MiningEngineer for AMEC and Agra Simons 2) all permits required for continued drilling and other exploration are inplace3) water rights on the property have been secured4) all facilities and infrastructure supporting Lithic's 2007-2008 drillprogram are still in place5) agreements with local contractors are in place The Company would also like to clarify a March 29, 2010 posting onStockwatch regarding its "delinquent filer status". Although the Cryptotechnical report was filed in a timely fashion on January 4, 2010, the BCSecurities Commission issued a public advisory on March 11, 2010 that theCompany was "delinquent in filing an annual oil and gas disclosure or atechnical report for a mineral project" based on several items in thereport. A slightly amended technical report with no material changes wassuccessfully filed on March 29, 2010. The technical information in this news release has been prepared inaccordance with Canadian regulatory requirements as set out in NI 43-101 andwas reviewed by Chris Staargaard, P.Geo., President and Chief ExecutiveOfficer of Lithic, a Qualified Person as defined in NI 43-101. |
