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Advantage Lithium Completes Sale of Assets to Pure Energy

Michael Varabioff of Maxis Law represented Advantage Lithium

On December 6, 2017, Advantage Lithium Corp. (“Advantage Lithium”) announced that it had completed an asset purchase agreement (the “Agreement”) with its exploration partner, Nevada Sunrise Gold (together the “Vendors”) and Pure Energy Minerals Limited (“Pure Energy”). Pursuant to the agreement, the Vendors sold their Clayton Northeast and Triton lithium projects to Pure Energy in consideration for 7,000,000 common shares of Pure Energy, of which 4,900,000 went to Advantage Lithium.

Advantage Lithium is a resource company specializing in the strategic acquisition, exploration and development of lithium properties and is headquartered in Vancouver, British Columbia. The Company has acquired a 100% interest in five projects in Argentina and has acquired a 75% interest in a sixth, called Cauchari, located just 20 km south of Orocobre’s flagship Olaroz Lithium Facility.

Further details regarding the sale of the Clayton Northeast Lithium Project can be found on Advantage Lithium’s website. Advantage Lithium trades under the symbol “AAL” on the TSX Venture Exchange and under the symbol “AVLIF” on the OTCQX Best Market in the United States.