
Enertopia Nevada Lithium Property
Payments
Vancouver, BC -- October 7, 2016 -- InvestorsHub NewsWire --
Enertopia Corporation (ENRT-OTCQB) (TOP-CSE) (the
"Company" or "Enertopia") is
excited to announce it has accelerated the November 12
property option payments.
The Company is pleased to announce that it has issued 175,000
shares and $5,000 to satisfy the November 12, 2016 property option
payment of $12,000 that was to have been paid in cash to the
property vendor.
The Central Nevada Lithium Brine Project covers three basins
with elevated surface Lithium (Li) samples that were reported in a
1976 USGS report (Lithium in sediments and rocks in Nevada, 1976,
Bohanan and Meier, U.S. Geological Survey). All three basins
exhibit six key exploration metrics for the ability to host an
enriched Lithium brine deposit:
1) Each project features a gravity
low indicating deep basins for brine accumulation
2) Lithium Bearing Source
rocks
3) Projects located in (or
adjacent to) geothermal clusters providing heat source for cycling
brine fluids
4) Projects within (or adjacent
to) major Tertiary calderas providing potentially enriched Lithium
Ash deposits
For further information please see the August 2, 2016 press
release. The near surface sampling analysis confirmed the
geological model of lithium being eroded from the nearby tertiary
age mountains and being deposited into the basin continues to this
day. This confirms these basins are excellent candidates for
sourcing potential enriched lithium brines at depth.
For further information on the Central Nevada Lithium Brine
Project please visit www.enertopia.com/lithium-project/
The securities referred to herein will not be or have not been
registered under the United States Securities Act of 1933, as
amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from registration
requirements.
About Enertopia Corp:
Enertopia is exploring a portfolio of three prospective lithium
projects in Nevada, and concurrently working with water
purification technology that is believed to be able to recover
Lithium from brine solutions.
Enertopias shares are quoted in Canada with symbol TOP and
in the United States with symbol
ENRT. For additional information, please visit
www.enertopia.com or call Robert McAllister, the President at
1.250.765.6412
This release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Statements which are not historical facts are forward-looking
statements. Statements which are not historical facts are
forward-looking statements. The Company makes forward-looking
public statements concerning its expected future financial
position, results of operations, cash flows, financing plans,
business strategy, products and services, evaluation of placer
mining projects, lithium brine recovery and/or financing,
competitive positions, growth opportunities, plans and objectives
of management for future operations, including statements that
include words such as "anticipate," "if," "believe," "plan,"
"estimate," "expect," "intend," "may," "could," "should," "will,"
and other similar expressions that are forward-looking statements.
Such forward-looking statements include: (i) While doing our due
diligence it became apparent that several other closed basins were
good exploration candidates with the potential to host brine
deposits that, to our knowledge, have never been drilled for
lithium.; (ii) The claim blocks in each basin are situated over the
basin lows and should be situated above any potential Lithium brine
deposit.; (iii) The Company looks forward to the exploration and
drilling phase on the Central Nevada Lithium Brine Project and
providing project updates on a continuous basis as exploration
unfolds. Such forward-looking statements are estimates reflecting
the Company's best judgment based upon current information and
involve a number of risks and uncertainties, and there can be no
assurance that other factors will not affect the accuracy of such
forward-looking statements. Factors which could cause actual
results to differ materially from those estimated by the Company
include, but are not limited to, government regulation, managing
and maintaining growth, the effect of adverse publicity,
litigation, competition, access to capital, and other factors which
may be identified from time to time in the Company's public
announcements and filings. The Company's evaluation of placer
mining claims covering 2,560 acres provides no assurance that any
particular project will have any material effect on the
Company.
The CSE has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.