This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions or forward-looking information within the meaning of applicable securities laws. Forward-looking statements are frequently identified by such words as “believe”, “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend”, “project”, “potential”, “possible” and similar words referring to future events and results. Forward-looking statements are based on the current opinions, expectations, estimates and assumptions of management in light of its experience and perception of historical trends, but such statements are not guarantees of future performance. In particular, this news release contains forward-looking information relating to: the anticipated use, and impacts, of results from the reservoir characterization test; expected timing for installation of surface equipment and operation of brine production test; plans in respect of Phase 3 of the Demonstration Facility, including the ordering of equipment therefor and re-deployment of 30 column DLE skids, and plans to publish a full and detailed plan for the work contemplated under the Agreement; and plans and objectives of management for the Company’s operations of the Demonstration Facility. In preparing the forward-looking information in this news release, the Company has applied several material assumptions, including, but not limited to, that all conditions precedent to provision of GPI funding under the Agreement will be satisfied in a timely manner and on reasonable terms; results of the reservoir characterization test will align with management’s expectations; the necessary equipment will be available on time and on reasonable commercial terms; the exchange rates for the U.S. and Canadian currencies will be consistent with the Company’s expectations; that the current exploration, development, environmental and other objectives concerning the Demonstration Facility can be achieved and that its other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner and that all necessary governmental approvals for the planned activities on the Demonstration Facility will be obtained in a timely manner and on acceptable terms.