VANCOUVER, BC, January 12, 2022 / CNW / – Megawatt Lithium and Battery Metals Corp. (CSE: MEGA) (FSE: WR20) (OTC PINK: WALRF) (the “Company” or “Megawatt”) received the first results for the lithium potential of its Tyr project in New South Wales, Australia. The building covers 100 units over an area of ​​299 km2

MegaWatt logo (CNW Group / MegaWatt Lithium and Battery Metals Corp.)

A sample taken from an outcrop of altered, ferruginous, ocher-colored granite yielded 520 ppm Li, 413 ppm Sn and 724 ppm Rb. Grab samples from old pits in an area called East Saddle Ridge returned 0.24 g / t Au and 0.12 g / t Au. An additional 48 surface grab samples for lithium, silver and gold potential in Tyr was sent to ALS Limited in Queensland, australia for analysis. This month’s follow-up samples will be rock chip samples from outcrops and sub-outcrops where quartz veins are noted in the weathered and silicified host rock.

A ground magnetic survey has been proposed for January 2022 on the old silver mines of Burra and Torny. At the same time, extensive sampling and mapping of the lithium and gold zones will be carried out once the 48 follow-up analysis results are returned by ALS Limited to Queensland.

Qualified person

Mr. Geoffrey reed (MAusMM (CP)) (MAIG), consultant for the Company, is a qualified person within the meaning of National Instrument 43-101 – Disclosure or Mining Project Standards and has reviewed the scientific and technical information contained in this press release .

About MegaWatt Lithium and Battery Metals Corp.

MegaWatt is a British Columbia company based in the acquisition and exploration of mining properties in Canada. The Company holds a 100% undivided interest, subject to a 1.5% NSR royalty on all basic elements, rare earths and precious metals, in the Cobalt Hill property, consisting of eight mineral claims covering a area of ​​approximately 1,727.43 hectares located in the Trail Creek mine. Division in the province of British Columbia, Canada.

In addition, the Company has acquired a 60% interest in a company which indirectly owns a 100% interest (subject to a 2% NSR royalty) in two potential silver and zinc projects in Australia, either the Tyr Silver project and the Century South Silver-Zinc project (see press release from Aug 13, 2020) an indirect 100% stake (subject to a 1% NSR) in mining concessions in the Northern Territory and New South Wales, Australia, prospects for nickel-cobalt-scandium, uranium and rare earths and a 100% interest (subject to a 2% NSR) in and towards the Route 381 Lithium property, composed of 40 mining claims located in the James Bay territory, north of Matagami in the province of Quebec, covering 2,126 hectares (see press release from February 3, 2021).

Investors can find out more about the company and its team at https://megawattmetals.com.

The CSE accepts no responsibility for the adequacy or accuracy of this release. This press release includes “forward-looking information” which is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include, without limitation, statements relating to the trading of the Company’s common shares on the Exchange and the use of the proceeds by the Company and are subject to all the risks and uncertainties inherent in such events. Investors are cautioned that these statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. These forward-looking statements represent management’s best judgment based on information currently available. No securities regulatory authority has approved or disapproved of the contents of this press release.

Cision

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/lithium-potential-to-be-explored-at-tyr-property-in-australia-301459407.html

SOURCE MegaWatt Lithium and Battery Metals Corp.

Cision

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2022/12/c4085.html