The Property encompasses 6,648 ha (16,427 acres) and is located approximately 55 km due west of the community of Fox Creek. The Property is underlain by Leduc Formation aquifers that are known to be highly enriched in lithium, potassium, boron, bromine and other commodities.

Within the central part of the Property, historic samples of formation waters (brines) have returned 140 mg/L (ppm), which are amongst the highest values recorded within the Province of Alberta as reported by the ERCB in its report of October 2011 entitled "Geological Introduction to Lithium-Rich Formation Water with Emphasis on the Fox Creek Area of West-Central Alberta (NTS 83F and 83K)".

Commonly, during the early history of oil wells in the area, there is a high oil-to-water extraction ratio. However, at present, most wells produce excessive amounts of formation water in comparison to petroleum.

The formation water is treated as a waste product during the petroleum extraction process, after which the brine is re-injected into the subsurface. The level of extractability of lithium and other elements from the waste formation water is unclear and may require new technologies (some of which are being introduced and tested in Nevada brines).

This may or may not result in the extraction of all or any portion of those elements which are present in anomalous concentrations.

Michelle Gahagan, President of STM, comments "We are pleased to acquire a project with some of the highest known lithium in formation waters within Alberta.

"The project area is surrounded by several other explorers with projects that range from early stage exploration (such as MGX Minerals Inc.) to those with reported resources such as Canadian International Minerals Inc.

"This emerging Canadian lithium camp could potentially play an important role in supplying high-demand materials for the emerging green energy market. The entry into Alberta provides the Company and our shareholders a chance to explore for lithium in a cost effective manner.

"Testing brines from existing wells with the potential to produce from these existing wells would eliminate much of the cost centers associated with traditional exploration methods in other basins. We look forward to providing updates on our exploration plans."

The terms of the proposed transaction are as follows: STM shall acquire a 100% interest in the Property in consideration for a cash payment of $15,000 and the issuance of 4,000,000 common shares of the Company.

An existing 3% net smelter royalty shall remain on the Property, of which 1% can be repurchased by the Company at any time in consideration for a cash payment of $1,500,000. An arm’s length finder’s fee is payable in connection with the transaction in the amount equal to $38,625, such finder’s fee to be satisfied on the closing date by the issuance of 38,625 common shares of the Company at a deemed price of $0.10 per share.

The completion of the acquisition of the Property is subject to a number of conditions precedent including, without limitation, the parties having received all necessary regulatory, court and third party consents, orders (both interim and final), approvals, waivers and authorizations as may be required in respect of the acquisition (including the approval of the TSX Venture Exchange).

In addition, each party shall have completed their due diligence of the other party to their satisfaction including, without limitation, STM being satisfied that it will acquire good and valid title to the Property, free and clear of any and all liabilities and encumbrances.