Far Resources Ltd. Amends February 4th, 2021 Press Release

Far retracts ind resource reference in Feb. 4 NR

2021-02-05 07:17 ET - News Release

Mr. John Gammack reports

FAR RESOURCES LTD AMENDS FEBRUARY 4, 2021 PRESS RELEASE

Far Resources Ltd. has corrected some statements made in the news release issued on Feb. 4, 2021, regarding its Zoro lithium project in Manitoba.

The company fully retracts the reference to 13 million tonnes of indicated resource on the property. No such resource exists.

The company also wishes to correct a typographical misstatement in the quoted lithium grade of the 1,074,567-tonne inferred resource calculated in the National Instrument 43-101 technical report prepared by Mark Fedikow, PGeo, and Scott Zelligan, PGeo, dated July 6, 2018, and filed on SEDAR. The correct lithium oxide grade (Li20) is 0.91 per cent Li20, not 0.091 per cent as stated in the earlier news release.

The company regrets these misstatements and has now revised its internal procedures for the preparation and release of company information.

The technical information in this news release has been reviewed by Lindsay Bottomer, PGeol, who is a qualified person as defined by NI 43-101.

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