CDN Maverick Capital Corp. announced that it has entered into an agreement (the Purchase Agreement), with an arms-length syndicate of prospectors led by Shawn Ryan (collectively, the Vendors), pursuant to which it proposes to acquire a 100% interest in a highly prospective lithium district situated approximately 60 kilometers north of Matagami in Quebec, Canada known as the Chabinoche Project (the Project). The Project is comprised of 711 claims, totaling approximately 40,000 hectares, with two main targets: the Chabinoche Target; 266 claims that span around 14,630 hectares, and the Poncheville Target; 445 claims that cover around 25,000 hectares.

Pursuant to the terms of the Purchase Agreement, in consideration for the acquisition of the Project, the Company proposes to issue 1,500,000 common shares to the Vendors (the "Consideration Shares"), and to complete a one-time cash payment of $125,000 to Shawn Ryan. Upon completion of the acquisition, the Company will also grant to Shawn Ryan a 1% royalty on net smelter returns from commercial production from the Project. The Considerations Shares will be subject to an escrow arrangement during which time they cannot be traded and from which they will be released in three equal tranches on the four-, eight- and twelve-month anniversaries of the closing of the acquisition.

No finders' fees or commissions are payable by the Company in connection with the acquisition of the Project.