LiCo Energy Metals Inc. announced that at request of IIROC on the Teledyne Cobalt Property, the company completed a total of 11 diamond drill holes totaling 2,200 m in the fall of 2017. Drilling intersected cobalt mineralization on the property which is consistent with historical grades but given that previously reported intervals represent core lengths and not true widths, LiCo is unable to determine if the cobalt mineralization on the property is consistent with historic widths. Chile Purickuta Lithium Project: The Purickuta Project is located within Salar de Atacama, a salt flat encompassing 3,000 km2, being about 100 km long, 80 km wide and home to approximately 37% of the worlds Lithium production and Chile itself holds 53% of the world's known lithium reserves. The combination of the desert's hot sun, scarce rainfall, and the mineralrich brines make Chile's production costs the world's lowest. This together with a favourable investment climate, low levels of corruption, and the quality of its bureaucracy and courts makes Chile a favourable place to conduct business. The company notes to retract its statement regarding its small size being a contributing factor to taking this project into production. Although the Company has received a legal opinion from a respected mining law firm in Chile, Philippi Prietocarrizosa Ferrero DU & Uria, which states that the small size of the company's Purickuta Property, among other factors, is considered favourable to obtaining a CEOL, the Company recognizes that it will still need the approval of the Chilean government which may be withheld from the company for a variety of additional reasons yet to be determined. It is therefore premature to determine the exact needs of the company with respect to the eventual exploitation of the mineral concession for lithium. The company recognizes that the disclosure referencing the geological characteristics of Dixie Valley lithium brine matching that of Clayton Valley and South America lithium brines is both vague and potentially misleading to the reader. The company would like to state that some important geological similarities exist between various lithium brines, notably geothermal activity, a dry climate, a closed basin, an aquifer, and tectonically driven subsistence exist at Dixie Valley along with Clayton Valley and various lithium bearing salars in Chile, Argentina and Boliva.