November 8, 2016

Report #7Lithium in NWT and Québec, Canada

High-Grade Lithium and Tantalum confirmedby Channel SamplingToday, 92 Resources Corp. has started to announce assay results from an extensive sampling program on its wholly owned Hidden Lake Lithium Property within the central part of the Yellowknife Lithium Pegmatite Belt in Northwest Territories (“NWT”), Canada.

The 2016 summer exploration program included mapping and sampling of the LU D12 pegmatite, in addition to the newly discovered HL1, HL3 and HL4 pegmatites where spodumene has been visually identified. Today’s reported results only include the LU D12 pegmatite with 85 samples collected from 15 channels. Additional assays from 223 samples from HL1, HL3 and HL4 are pending and are expected to be released shortly, respectively once received from the lab.

The best combination of grade and thickness from LU D12 returned an average of 1.53% Li2O and 64 ppm

Ta2O5 over 11.58 m, including 1.9% Li2O and 52 ppm Ta2O5 over 9.02 m. Of the 85 samples collected from the LU D12 pegmatite, a total of 52 returned greater than 1% Li2O, with 34 samples returning greater than 1.5% Li2O to a peak of 3.08% Li2O. These are highly encouraging results for the upcoming winter drill program, which may extend widths below surface even more.

For perspective, the Whabouchi Deposit in Québec from Nemaska Lithium Inc. ($400 million CAD market cap.) averages about 1.5% Li2O. The James Bay Deposit in Québec from Galaxy Resources Ltd. ($600 million AUD market cap.) averages about 1.3% Li2O (indicated) at a 0.75% Li2O cut-off. The Mt Cattlin Deposit in Australia from Galaxy averages 1.1% Li2O. The Rose Lithium-Tantalum Deposit in Québec from Critical Elements Corp. ($79 million CAD market cap.) averages 0.98% Li2O and 163 ppm Ta2O5 (indicated).

Company Details

92 Resources Corp.

#1400 – 1111 West Georgia Street

Vancouver, BC, Canada V6E 4M6

Phone: +1 778 945 2950

Email: adrian@92resources.com

www.92resources.com

Shares Issued & Outstanding: 45,071,623

Canadian Symbol (TSX.V): NTY

Current Price: $0.22 CAD (November 7, 2016)

Market Capitalization: $10 million CAD

German Symbol / WKN: R9G2 / A11575

Current Price: €0.146 EUR (November 7, 2016)

Market Capitalization: €7 million EUR

Chart Canada (TSX.V)

Chart Germany (Tradegate)

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hanks to the highly encouraging results from the channel sampling program

received today, permitting is currently underway for a winter 2017 drill program on LU DU12 and other spodumene bearing pegmatites at the Hidden Lake Property.

The high grades over long widths encountered in the outcrops of the LU DU 12 pegmatite are an indication of a potentially world-class lithium deposit. It was sampled over an intermittent strike length of approximately 275 m with 85 samples collected from 15 channels.

Samples were collected at approximate right angles to the strike of the pegmatite to best represent the mineralization. Due to terrain variations and cover, some channels may not represent the true width of the pegmatite (drilling may find true widths being much larger, extending below surface as mineralisation remains open along strike and strike extensions are likely beneath shallow cover). This pegmatite body alone, if it continues below surface with similar grades, could be highly amenable to open-pit mining with a low waste to ore ratio, resulting in relatively low mining costs.

The findings of elevated concentrations of tantalum mineralization from LU D12 (up to 596 ppm Ta2O5 with an average of 88 ppm as per the press-release) is a potentially significant discovery. Often, tantalum and lithium are strongly zoned with mineralized pegmatite bodies; however, meaningful zone overlap may exist and has been demonstrated in the past through co-production in other deposits known worldwide.

Rockstone is looking forward to the publication of the remaining 233 channel samples from the 3 newly discovered HL1, HL3 and HL4 pegmatites as spodumene has been visually identified in all of them and observed to contain appreciable amounts of spodumene.

In addition to the channel sampling of LU D12, HL1, HL3, and HL4, a total of 10 grab samples were collected from other pegmatites. At least 2 new pegmatites, not previously reported, were discovered to the south of LU D12. The above map shows more than 15 potentially lithium-bearing pegmatites spotted so far on the Hidden Lake Property.

T

0

100

200

300

Metres

374800 374900 375000

6936

800

6936

900

6937

000

«

Legend

2016 Channel Samples

D12 Outcrop

Hidden Lake Claims

Lakes

0 30 60 9015

Metres

1:1,500NAD 83 Zone 12

Figure 1: Hidden Lake Property2016 - D12 Channel Sampling

WM 2016.11

Dahrouge Geological Consulting Ltd.Edmonton, Alberta

SLAVE REGION,EAST OF YELLOWKNIFE, NWT

0

20

40

10Metres

D12-1 (7.48 m @ 1.07% Li2O)

D12-2 (3.50 m @ 1.65% Li2O)

D12-3 (3.19 m @ 0.83% Li2O)

D12-4 (6.01 m @ 1.75% Li2O)

D12-5 (11.58 m @ 1.53% Li2O)

D12-6 (5.71 m @ 1.24% Li2O)

D12-7 (3.80 m @ 1.31% Li2O)

D12-8 (5.75 m @ 1.34% Li2O)

D12-9 (6.09 m @ 1.31% Li2O)

D12-10 (5.97 m @ 1.29% Li2O)

D12-11 (6.80 m @ 1.08% Li2O)

D12-12 (2.25 m @ 0.93% Li2O)

D12-13 (3.62 m @ 1.39% Li2O)

D12-14 (1.52 m @ 0.38% Li2O)

D12-15 (4.53 m @ 1.42% Li2O)

See Table 1 for Full Results

HL1

HL3

HL4

D12

ATV Trail

Highway 40 1 2

km

ChannelWidth

(m)Li2O (% Wt. Av.)

Ta2O5 (ppm1

Wt. Av.)

Width (m)

Li2O (% Wt. Av.)

D12-1 7.48 1.07 109 5.03 1.27D12-2 3.5 1.65 80 3.5 1.65D12-3 3.19 0.83 106 1.86 1.28D12-4 6.01 1.75 55 6.01 1.75D12-5 11.58 1.53 64 9.02 1.9D12-6 5.71 1.24 58 2.97 1.65D12-7 3.8 1.31 211 2.02 2.08D12-8 5.75 1.34 46 3.9 1.94D12-9 6.09 1.31 43 4.11 1.53

D12-10 5.97 1.29 113 5.97 1.29D12-11 6.8 1.08 75 6.34 1.13D12-12 2.25 0.93 124 1.2 1.47D12-13 3.62 1.39 82 2.85 1.62D12-14 1.52 0.38 192 1.52 0.38D12-15 4.53 1.42 123 2.83 1.81Average 5.19 1.23 99 3.94 1.52

1Although reported herein, the tantalum values determined by ICP-OES+ICP-MS may

contain inaccuracies at lower tantalum levels due to limitations of the analytical techniqueand will require confirmation by XRF analytical techniques. The XRF results for tantalumwill be reported when available.

Full Channel Interval High-Grade Zone

PegmatiteApproximate

Length (m)Number of Channels

Number of Samples

LU D12 350 15 85 Announced Nov.8HL1 690 16 65 Pending HL3 800 15 89 Pending HL4 400 15 69 Pending

Total 2,240 61 308

Report #7 | 92 Resources Corp.

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Adrian Lamoureux (President and CEO of 92 Resources) commented in today’s press-release:

“The initial channel sampling program at the LU D12 pegmatite exceeded our expectations, with strong mineralization demonstrated throughout, this was bolstered by the discovery of some very encouraging tantalum grades. Planning is underway for a winter exploration program of delineation drilling to confirm the dimensions of this mineralized body and to collect a small bulk sample for mineral processing. The potential for further discovery on the Property remains high, with sample analysis for several newly discovered spodumene bearing pegmatite bodies yet to be received.”

Spodumene is the main lithium-bear-ing mineral in most hard-rock lithium deposits with ores typically upgraded at the mine site (crushing, screening and dense media separation techniques) to produce a spodumene concentrate. Chemical grade concentrate (typically 6% Li2O) is sold and converted into lithium carbonate and lithium hydroxide. Recent prices for lithium concentrate (grade 6%) are about $600 USD/t.

Joe Lowry, lithium expert and market veteran, noted a few months ago:

“The addition of several new spodumene players (Mt Cattlin, Mt Marion, Pilbara and at least one new player in Quebec) by the end of the decade will continue to increase the hard rock share of the market over the next few years. This is probably a good time to mention a “mini myth” – let’s call it a “sub myth”: brine based lithium is the “best” source of lithium. Yes, lithium chemicals produced from world class brine are lower cost than hard rock based production; however, it is clear that the advantages of spodumene have greatly exceeded the cost disadvantages in recent years. It has been the growth of “high cost” spodumene capacity that has kept lithium supply in balance with demand over the past few years and will keep it in balance with demand over the past few years and will keep it in balance for at least the next three years.”

Picture from the summer sampling program on the Hidden Lake Property: The newly discovered HL3 pegmatite outcropping extensively (above) as well as HL1 (below).

Report #7 | 92 Resources Corp.

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The dominant lithium-bearing mineral on the Hidden Lake Property appears to be very coarse grained, white and light gray to light greenish-gray spodumene.

Some of the spodumene-rich pegma-tites in Québec’s James Bay Lithium District also have relatively coarse crystals (usually more than 5 cm, sometimes exceeding 1 m). The spodumene crystals encountered at surface on the Hidden Lake Property are also relatively large, with up to 91 cm in length as collected during the spring 2016 grab sampling program (the high-grade assays of 5 rock samples from surface on June 7, 2016 were grabbed solely at the LU DU 12 pegmatite). Visual spodumene estimates across a pegmatite in some places of 20-35%. Such coarse grained spodumene mineralization is likely to respond very well to conventional processing.

Report #7 | 92 Resources Corp.

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Pictures from the recent summer sampling program on the Hidden Lake Property (as well page 4).

Report #7 | 92 Resources Corp.

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Spodumene-bearing pegmatites con-tinue to be an important supply of lithium globally, despite the advent of low-cost production from lithium brine deposits in South America in the mid-1990’s.

As the demand for lithium increases, pegmatite deposits around the world are gaining more focused attention as a viable, stable, and long-term supply source.

Further, in many lithium pegmatite districts, other rare and specialty-met-als have been recovered, including tin, beryllium, tantalum, and niobium which are often associated with spodumene pegmatite deposits.

The Hidden Lake Lithium Property is situated within the central parts of the Yellowknife Lithium Pegmatite Belt along Highway 4, approximately 40 km east of the city of Yellowknife, NWT.

The lithium potential of pegmatites within the Yellowknife area was first recognized in the mid-1950s, when a number of the region’s pegmatites were sampled and found to contain highly anomalous concentrations of lithium. Prior to 1955, small shipments of lithium ore were reported for 2 deposits within the region. It was also at this time that several pegmatites were identified at the Hidden Lake Property.

The Hidden Lake Property is located within the central parts of the Yellowknife Pegmatite Belt, which extends from the Blaisdell Lake pegmatite series in the north about 45 km to the south near Harding Lake. The belt parallels the Prosperous Lake Granite Suite; pegmatites, related to this intrusive complex are usually discordant and predominantly north south to northeast-southwest elongate bodies. Within these zoned pegmatite fields, lithium-rich pegmatites tend to occur a similar distance from the source granite and are typically located farthest from the source granitoids. The largest pegmatite deposits often have structural controls that increase their tonnage or grade potential.

Report #7 | 92 Resources Corp.

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Lithium mineralisation at the James Bay Deposit in Québec (Galaxy Resources) is also associated with spodumene-bearing pegmatite dyke swarms, which vary in width from 60-100 m. The dikes generally outcrop at surface, and form a discontinuous corridor over a strike length of 4 km. James Bay’s resource estimate:

Indicated: 11.75 million t @ 1.3% Li2O Inferred: 10.47 million t @ 1.2% Li2O

The Whabouchi Deposit (Nemaska Lith-ium Inc.) has a feasibility study for the deposit and a hydromet plant, revised in January 2016:

Measured: 13 million t @ 1.6% Li2O Indicated: 15 million t @ 1.54% Li2OInferred: 4.7 million t @ 1.51% Li2O

The Rose Lithium-Tantalum Deposit (Critical Elements Corp.):

Indicated: 26.5 million t @ 1.3% Li2OInferred: 10.7 million t @ 1.14% Li2O

The known lithium deposits and show-ings in the James Bay / Eastmain area highlight Québec as an excellent place to be, whereas the Lithium District near Yellowknife in NWT shares similiar-ities. Despite being relatively remote, Québec’s lithium projects are close to roads and power lines, a fact that makes the potential CAPEX/OPEX viable for development, as being the case with Whabouchi. The Hidden Lake Property is close to a highway, power lines, water and the city of Yellowknife.

92 Resources has acquired a second hard-rock lithium property on July 26, 2016, which is also located in Québec.

The world’s largest active lithium mine is the Greenbushes Mine in Australia, with reported reserves (as of Septem-ber 2012) of 61.5 million t at 2.8% Li2O. The mine produces lithium from spodumene bearing pegmatite and has been in operation since 1985.

In 2015, the global lithium market (in lithium carbonate equivalent or “LCE”) is estimated to have been approximately

171,000 t, for which the Greenbushes Mine accounted for 55,000-60,000 t, or some 35% of the market (source: Deutsche Bank, May 2016).

Previous CoverageReport #6: “Crews mobilized for next phase of exploration on the Hidden Lake Lithium Property in NWT“ (August 16, 2016)

Report #5: “92 Resources snags hard-rock lithium property in Quebec“ (July 26, 2016)

Report #4: “Why 92 Resources looks ready for the next upswing“ (June 20, 2016)

Report #3: “Extremely high-grade lithium assays from surface“ (June 7, 2016)

Report #2: “Untapping Canada‘s Hidden Lithium Treasuries“ (March 1, 2016)

Report #1: “92 Resources on the case for Hard Rock Lithium“ (April 11, 2016)

Report #7 | 92 Resources Corp.

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Disclaimer and Information on Forward Looking StatementsAll statements in this report, other than statements of historical fact should be con-sidered forward-looking statements. Much of this report is comprised of statements of projection. Statements in this report that are forward looking include that lithium and commodity prices are expected to rebound; that 92 Resources Corp. or its partner(s) can and will start exploring fur-ther; that exploration has or will discover a mineable deposit; that the company can raise sufficient funds for exploration or development; that any of the mentioned mineralization indications or estimates are valid or economic. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in these forward-look-ing statements. Risks and uncertainties respecting mineral exploration and mining companies are generally disclosed in the annual financial or other filing documents of 92 Resources Corp. and similar com-panies as filed with the relevant securities commissions, and should be reviewed by any reader of this report. In addition, with respect to 92 Resources Corp., a number of risks relate to any statement of projection or forward statements, including among other risks: the receipt of all necessary ap-provals and permits; the ability to conclude a transaction to start or continue explor-ation; uncertainty of future lithium and commodity prices, capital expenditures and other costs; financings and addition-al capital requirements for exploration, development, construction, and operating of a mine; the receipt in a timely fashion of further permitting for its legislative, political, social or economic developments in the jurisdictions in which 92 Resources Corp. carries on business; operating or technical difficulties in connection with mining or development activities; the abil-ity to keep key employees, joint-venture partner(s), and operations financed. There can be no assurance that such statements 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 infor-mation. Rockstone and the author of this report do not undertake any obligation to update any statements made in this report.

Disclosure of Interest and Advisory CautionsNothing in this report should be construed as a solicitation to buy or sell any securities mentioned. Rockstone, its owners and the author of this report are not registered broker-dealers or financial advisors. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer. Never make an investment based solely on what you read in an online or printed report, including Rockstone’s report, especially if the investment involves a small, thinly-traded company that isn’t well known. The author of this report is paid by Zimtu Capital Corp., a TSX Venture Exchange listed investment company. Part of the author’s responsibilities at Zimtu is to research and report on companies in which Zimtu has an investment. So while the author of this report is not paid directly by 92 Resources, the author’s employer Zimtu will benefit from appreciation of 92 Resources’ stock price. In addition, the author owns equity of 92 Resources Corp. and would also benefit from volume and price appreciation of its stock. 92 Resources Corp. may have one or more common directors with Zimtu Capital Corp. Overall, multiple conflicts of interests exist. Therefore, the information provided herewithin should not be construed as a financial analysis but rather as advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. Rockstone and the author of this report do not guarantee the accuracy, completeness, or usefulness of any content of this report, nor its fitness for any particular purpose. 92 Resources Corp. has not reviewed the content prior to publication. Lastly, the author does not guarantee that any of the companies mentioned will perform as expected, and any comparisons made to other companies may not be valid or come into effect. Please read the entire Disclaimer carefully. If you do not agree to all of the Disclaimer, do not access this website or any of its pages including this report in form of a PDF. By using this website and/or report, and whether or not you actually read the Disclaimer, you are deemed to have accepted it. Information provided is educational and general in nature.

Analyst Profile & Contact

Stephan Bogner (Dipl. Kfm., FH)Mining Analyst Rockstone Research 8050 Zurich, SwitzerlandPhone: +41-44-5862323Email: sb@rockstone-research.com

Stephan Bogner studied at the International School of Management (Dortmund, Germany), the European Business School (London,

UK) and the University of Queensland (Brisbane, Australia). Under supervision of Prof. Dr. Hans J. Bocker, Stephan completed his diploma thesis (“Gold In A Macroeconomic Context With Special Consideration Of The Price Formation Process”) in 2002. A year later, he marketed and translated into German Ferdinand Lips‘ bestseller (“Gold Wars“). After working in Dubai for 5 years, he now lives in Switzerland and is the CEO of Elementum International AG specialized in duty-free storage of gold and silver bullion in a high-security vaulting facility within the St. Gotthard Mountain Massif in central Switzerland.

Rockstone is a research house specialized in the analysis and valuation of capital markets and publicly listed companies. The focus is set on exploration, development, and production of resource deposits. Through the publication of general geological basic knowledge, the individual research reports receive a background in order for the reader to be inspired to conduct further due diligence. All research from our house is being made accessible to private and institutional investors free of charge, whereas it is always to be construed as non-binding educational research and is addressed solely to a readership that is knowledgeable about the risks, experienced with stock markets, and acting on one’s own responsibility.

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Report #7 | 92 Resources Corp.