Desert Lion Energy Initiates Strategic Review

Namibian lithium developer and emerging lithium concentrate producer Desert Lion Energy Inc. (TSXV: DLI) (OTCQB: DSLEF) today announced that it has ceased all operations in Namibia in light of the continued decline in lithium carbonate pricing. The Board is currently re-assessing the previously announced 3-stage execution plan and is evaluating all available options to find a sustainable path to the continued development of its Namibian Lithium Project.

The Company has also commenced negotiations with its offtake partner, Jiangxi Jinhui Lithium Co. Limited, to amend the pricing metrics under its offtake agreement in light of the current lithium carbonate pricing environment.

As previously disclosed, the Company intends to announce its Maiden Resource Estimate and Preliminary Economic Assessment prior to the end of Q3 2018.

This Audio Press Release is brought to you via Stock Wave - production company that provides audio services to a variety of clients. Stock Wave may have been compensated for the production of this audio service. In trading, there can be no assurance that any prior successes or past results as to income earnings can be used as an indication of future success or results. Audio services by Stock Wave are for informational purposes only and do not purport to be a complete study of the featured company or other companies mentioned.  Information used and statements of fact have been obtained from the featured company and other sources, but not verified nor guaranteed by Stock Wave, as to completeness or accuracy. Listeners are advised to use caution and seek the advice of qualified professionals before acting on any information provided by Stock Wave’s audio services. Listeners are also advised to perform their own due diligence when it comes to making investment decisions.

This press release originally published at https://www.otcmarkets.com/

Regina Revazova