Far Resources Provides Update.
August, 21, 2019 - VANCOUVER, CANADA – Far Resources Ltd. (CSE:FAT) (FSE:F0R) (OTC:FRRSF) is pleased to provide an update on its current activities and initiatives. Chiefly, along with the continued development of its Canadian lithium assets, Far plans to advance the first of its battery technologies towards rapid commercialization.
Far’s corporate website and marketing materials have been brought up to date to better reflect the
direction and strategy of the company. As Far continues its expansion into the battery and related
technology sectors, marketing will be increased and refocused into these new areas, broadening the
company’s reach to new potential partners and stakeholders. Meanwhile, the new strategy will be
highlighted through multiple digital media streams.
For more information please visit the new website at farresources.com, and follow us on Facebook,
Twitter, LinkedIn, and Instagram.
The company is currently planning marketing activities and will be travelling to Novi, Michigan, Salt Lake
City, Utah, and Louisville, Kentucky during September to attend The Battery Show, Solar Power
International and the International Construction & Utility Equipment Exposition (ICUEE), alongside its
partners BattMat Technologies Inc. and Electric Blue Power. The purpose of these events is to provide the
company with exposure to additional new shareholders, introduce the company to potential partners for
developing its Canadian lithium assets, and provide exposure for the battery technologies under
As announced on Aug 9, 2019, the company completed a conversion of debt for shares, which included
members of management. Of those shares issued, it has been agreed upon by certain members of
management to submit approximately 6,900,000 of those shares into a 24-month lock up agreement,
demonstrating their commitment to the creation of long-term shareholder value.
BattMat Joint Venture and Electric Blue Power
As previously released, the company has provisionally filed seven patents in the United States for various
battery-related and other technologies coming from the Electric Blue Solar Research Vessel.
The Far JV is now setting up a terrestrial testing program for a number of select technologies relating to
universal battery warming systems, which the company plans to roll out as the patent applications are
approved. Potential clients and testing partners have already been identified.
As part of the ongoing testing program, the company is also planning to submit multiple eligible
technologies to United States military technology testing, which is among the most rigorous testing of its
kind in the world. This testing would allow Far access to robust data on these technologies and provide
the basis for a possible lead in their commercialization.
Sponsorship of the Electric Blue Solar Research Vessel, which was originally announced on March 6,
2019 continues. Far invites all to now track the location of the boat, and to view it’s webcam by visiting
electricbluepower.com/live-cam. If you would like a private tour of the vessel, please contact Far
investor relations to check availability.
The Zoro Lithium Project
As released on August 9, the company has successfully completed the acquisition of the Green Bay
(Manitoba) option on the Zoro Lithium Project. The company is currently planning and redesigning several
phases of exploration in readiness for future programs, which it is anticipated will include a full expansion
of prospecting and sampling, as well as wider-scale mapping and soil geochemistry.
Furthermore, the company has within the last week received its updated work permit from the Manitoba
Office of Sustainable Development for the purposes of ongoing exploration and drilling at the project. This
work permit is an essential part of maintaining the property in good standing and is important in
maintaining continuity with local Conservation Officers.
Figure 1. Location of the major dykes discovered so far at the Zoro Lithium Project, Snow Lake, Manitoba.
Further exploration planned for the Zoro property will cover those areas where no exploration has been
undertaken to date. Specifically, the next program will be based on a prospecting approach supported by
LIDAR imagery to assess areas of visible outcrop or where overburden cover is shallow. Mechanical
stripping will be considered for areas where pegmatite is observed in outcrop or suspected.
For and on behalf of the Board
President and CEO
The technical content of this news release has been reviewed and approved by Mark Fedikow P.Geo., a
qualified person as defined under National Instrument 43-101.
Far Resources Ltd. is a Canadian battery and technology metals exploration and development company
with projects in Canada and the USA. More information is available at Far’s website: farresources.com.
BattMat Technologies Inc. is dedicated to capitalizing on the advancement of battery-focused
technologies and applications, including systems for distributed power, marine power and energy storage.
More information is available at BattMat’s website: battmat.com.
About Electric Blue Power
More information is available at Electric Blue’s website: electricbluepower.com.
L. Frank Anderson, Director
Far Resources Ltd.
+1 (604) 253-3444
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news
release and accepts no responsibility for the adequacy or accuracy hereof.
Forward Looking Statements
This news release may contain forward looking statements, which relate to future events or future
performance, including planned exploration, and reflect management’s current expectations and
assumptions. Such forward looking statements reflect management’s current beliefs and are based on
assumptions made by and information currently available to the company. Readers are cautioned that
these forward looking statements are neither promises nor guarantees, and are subject to risks and
uncertainties that may cause future results to differ materially from those expected. All of the forward looking
statements made in this news release are qualified by these cautionary statements and those in
our continuous disclosure filings available on SEDAR at sedar.com. These forward looking
statements are made as of the date hereof and the company does not assume any obligation to update or
revise them to reflect new events or circumstances save as required under applicable securities
legislation. This news release does not constitute an offer to sell securities and the company is not
soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of such jurisdiction.