Jourdan Confirms High Grade Lithium in Bulk Sample

Second Set of Results in Line With Homogeneous Pegmatite Showing

TORONTO, April 29, 2021 (GLOBE NEWSWIRE) — Jourdan Resources Inc. (TSXV: JOR) (“Jourdan” or the “Company”) is pleased to announce, further to its press release dated April 22, 2021, the assay results of the second batch (25 samples) of its sampling of the bulk sample, with grades showing of over 1.5% Li2O. Now that all 47 sample results have been received, these are reported together.

Highlights of Bulk Sample Assays (see Table 1 for additional details)

  • Lithium (Li) values of the samples tested were in the range of 6,120 ppm (parts per million) to 8,190 ppm, with an average of 7,212 ppm.

  • Lithium oxide (Li2O) values of the samples tested averaged 1.55% and ranged from 1.31% to 1.76% Li2O.

  • Beryllium values averaged 291 ppm, cesium averaged 7.36 ppm, and niobium averaged 104 ppm.

  • The rubidium average in the samples tested was 1,566 ppm, with a tantalum average of 36 ppm, and a barium average of 60 ppm.

Rene Bharti, CEO of Jourdan, stated, “The second set of results validates the high lithium grades provides further confidence in the lithium assets of Jourdan. The Company plans to use the information gathered from the bulk sample to begin preparing for a summer drill program. We anticipate that all of these activities will lead to defining an initial resource estimate at our Vallee property. Jourdan believes that it is on a strong path towards recognizing its goal of being a near term lithium producer in Quebec.”

Jourdan’s Chairman, Dr. Andreas Rompel, stated, “These results represent proof that the bulk sample exhibits very similar results in many individual elements and most importantly in the calculated Li2O value. This is fantastic evidence that our pegmatite at Vallee is very homogeneous. This in turn is great encouragement to go out this summer and drill these pegmatites to confirm the down-dip grade, and subsequently confirm volume and grade, which we expect will ultimately result in an initial resource estimate.”

Bulk Sampling Assaying

47 samples were taken from the 40-tonne bulk sample, which was retrieved from the Company’s Vallee lithium project site during 2018. Forty of the 50 tonnes retrieved were shipped in a series of 2 tonne sacks to Process Research Ortech Inc. in Mississauga, Ontario (“Ortech”) for metallurgical test work. During the first quarter of 2021, 47 individual samples were taken on two different occasions under the supervision of Jourdan’s personnel at Ortech. In the second sampling exercise reported here, 25 samples were taken from 5 sacks located outside of Ortech’s laboratory. The samples consisted of shovel loads of material. The average sample weight of these samples was 2.7 kgs. The additional 25 samples were sent to AGAT Laboratories in Mississauga, Ontario and were assayed for 58 different elements utilising the sodium peroxide fusion method with an ICP OES or MS finish. The results for lithium were subsequently multiplied by a factor of 2.153 to arrive at a value for Li2O. The highest grade assayed for the second batch (25 samples) was 1.72% Li2O, with an average of 1.54% Li2O, and a standard deviation of 0.08.

Management believes that these results clearly demonstrate the homogeneity of the lithium distribution in the pegmatites situated on the Company’s Vallee lithium property, and management is encouraged to further investigate the strike and down dip extent of these pegmatites.

In addition, the Company is excited to report elevated rubidium values averaging 1,566 ppm.

Qualified Person

The scientific and technical information contained herein has been reviewed and approved by Stéphane Amireault P.Eng, MScA, an independent consultant that is a “qualified person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Table 1

(201-378) Sodium Peroxide Fusion – ICP-OES/ICP-MS Finish

Analyte:

Li2O

Ba

Be

Cs

Li

Nb

Rb

Ta

Unit:

%

ppm

ppm

ppm

ppm

ppm

ppm

ppm

Sample Id

Sample Description

RDL:

0.5

5

0.1

10

1

0.2

0.5

2257304

E6356551

1.49

60.5

254

66.7

6,940

116

1,650

34.8

2257305

E6356552

1.46

58.9

301

60.1

6,800

108

1,310

34.9

2257306

E6356553

1.42

62.3

269

64.9

6,580

114

1,600

37.7

2257307

E6356554

1.42

62.7

333

70.0

6,590

143

1,820

46.6

2257308

E6356555

1.56

65.7

317

67.8

7,250

119

1,670

36.1

2257309

E6356556

1.57

60.1

325

69.8

7,310

101

1,490

36.5

2257310

E6356557

1.57

64.4

306

65.3

7,280

106

1,590

34.2

2257311

E6356558

1.76

57.6

374

75.0

8,190

106

1,620

35.7

2257312

E6356559

1.75

55.6

378

66.0

8,110

103

1,540

31.5

2257313

E6356560

1.70

55.9

290

57.8

7,890

116

1,480

33.9

2257314

E6356561

1.72

51.5

408

72.6

7,970

95

1,520

33.9

2257315

E6356562

1.68

53.9

199

61.6

7,810

98

1,630

34.8

2257316

E6356563

1.74

56.8

279

68.0

8,060

117

1,560

40.8

2257317

E6356564

1.52

70.8

255

64.0

7,040

93

1,640

30.7

2257318

E6356565

1.54

53.0

318

64.6

7,170

91

1,560

34.0

2257319

E6356566

1.32

66.6

407

73.3

6,120

97

1,600

32.7

2257320

E6356567

1.60

55.3

295

67.5

7,450

108

1,620

34.0

2257321

E6356568

1.57

57.1

261

67.2

7,270

94

1,680

32.8

2257322

E6356569

1.36

45.4

324

56.5

6,320

93

1,500

32.4

2257323

E6356570

1.64

55.0

274

60.4

7,610

96

1,440

31.7

2257324

E6356571

1.45

54.9

407

80.0

6,730

120

1,660

42.6

2257325

E6356572

1.57

61.1

347

68.5

7,310

99

1,510

34.1

2257326

E6356573

1.57

63.8

262

72.6

7,270

85

1,730

33.2

2257327

E6356574

1.58

69.1

324

66.8

7,350

98

1,480

35.3

2257328

E6356575

1.45

51.6

260

60.7

6,740

109

1,370

39.1

2257329

E6356576

1.54

57.5

280

77.6

7,150

111

1,810

39.1

2257330

E6356577

1.52

56.7

274

68.0

7,040

92

1,520

33.4

2257331

E6356578

1.50

60.4

297

69.9

6,990

108

1,640

40.1

2257332

E6356579

1.42

66.9

258

69.8

6,600

118

1,710

42.1

2257333

E6356580

1.44

59.4

211

66.4

6,680

101

1,780

34.1

2257334

E6356581

1.42

58.7

171

58.9

6,610

86

1,580

31.4

2257335

E6356582

1.57

59.8

277

59.3

7,270

101

1,400

35.6

2257336

E6356583

1.65

57.0

256

67.2

7,650

106

1,480

38.5

2257337

E6356584

1.63

85.4

215

56.5

7,550

92

1,420

32.2

2257338

E6356585

1.49

66.2

233

61.9

6,920

97

1,550

32.2

2257340

E6356587

1.53

66.8

390

75.0

7,120

84

1,660

31.6

2257341

E6356588

1.57

67.2

288

62.1

7,280

100

1,430

38.1

2257342

E6356589

1.50

55.0

320

66.7

6,990

112

1,580

40.8

2257343

E6356590

1.67

50.7

232

63.8

7,750

121

1,540

41.8

2257344

E6356591

1.72

56.8

269

68.2

7,970

107

1,600

40.4

2257345

E6356592

1.58

68.9

250

59.0

7,360

118

1,430

40.6

2257346

E6356593

1.56

61.8

281

69.1

7,230

121

1,660

41.6

2257347

E6356594

1.55

54.0

278

65.3

7,200

108

1,530

38.4

2257348

E6356595

1.41

57.3

454

76.1

6,570

88

1,440

32.7

2257349

E6356596

1.66

63.3

241

60.9

7,690

89

1,520

30.4

2257350

E6356597

1.51

70.2

213

64.3

7,000

97

1,560

35.6

2257351

E6356598

1.54

48.4

225

58.1

7,170

107

1,470

39.9

Comments: RDL – Reported Detection Limit

Analysis performed at AGAT 5623 McAdam Rd., Mississauga, ON (unless marked by *)

About Jourdan

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol “JOR” on the TSX Venture Exchange and “2JR1” on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company’s properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine. This mine is part of Contemporary Amperex Technology Co. Limited (CATL), China’s largest automotive battery manufacturer.

For more information:
www.jourdaninc.com
Rene Bharti, Chief Executive Officer and President
Email: info@jourdaninc.com
Phone: (416) 861-5800

Cautionary statements

The content and grades of any mineral deposits at our Vallee project are conceptual in nature. There has been insufficient exploration to define a mineral resource on the property and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company’s ability to undertake a drilling program, to further investigate the downdip grade and confirm the volume and grade at the Vallee lithium project, and to establish a mineral resource, the business and operations of the Company, and the Company’s ability to execute its business plan, including its ambition to become a lithium producer. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Jourdan to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although Jourdan has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Jourdan does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

By Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

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