Dajin Lithium Corp (Dajin), holds a 49% interest in concessions or concession applications held by Dajin Resources S.A. (Dajin S.A.) in Jujuy Province, Argentina that were acquired in regions known to contain brines with Lithium, Potassium and Boron values. These land holdings exceed 93,000 hectares (230,000 acres) and are primarily located in the Salinas Grandes and Guayatayoc salt lake basins. Dajin is partnered with Pluspetrol Resources Corporation B.V. who through an earn-in agreement have earned a 51% interest in Dajin S.A. with the expenditure of US$1,250,000 on the concessions and paying US$600,000 to Dajin. The initial 2018 Salinas Grandes exploration program on 4,400 hectares (10,873 acres) on the San Jose-Navidad minas, where 25 near surface Lithium brine samples were taken, returned excellent Lithium assays results ranging from 281 mg/l to 1,353 mg/l averaging 591 mg/l.
Dajin holds a 100% interest in 403 placer claims covering 7,914 acres (3,202 hectares) in the Teels Marsh valley of Mineral County, Nevada. These claims are known to contain Lithium and Boron values. Dajin has entered into an Earn-in Agreement with Lone Mountain Resources, LLC (“LMR”), a privately held US Lithium exploration and development company affiliated with Lilac Solutions, Inc. Lilac is a well funded Lithium extraction company located in Oakland, California. LMR can earn a 75% interest in Alkali Lake Lithium project with project related expenditures of US$200,000. An exploration well is expecting to be drilled to a depth of 1,500 feet.