Trek Metals Limited advise that it has completed the acquisition of a 100% interest in precious and base metals exploration tenement E45/4640, located immediately adjacent to its Pincunah Project from Pilgangoora Operations Pty Ltd. ("POPL"), a subsidiary of Pilbara Minerals Limited. The new tenement consists of one Exploration Licence covering a total area of 25.3 square kilometres. E45/4640 is a contiguous licence located between the two sections of Trek's existing tenement E45/4909.

Several prospective north-west trending structures occur on the licence that cross-cut mafic and ultramafic rocks. The tenement is also adjacent to the recently defined Conductor A, which has subsequently been upgraded with surface geochemical anomalism. The northern extension of the Valley of Gossans prospect trend is also interpreted to occur on the licence.

This block creates a contiguous area across the Pincunah tenure (with the adjacent Valley of then Gossans' licence, E45/4909). The Company has issued 4,792,332 ordinary shares ($300,000) based on the 20 trading days volume weighted average price for Trek's shares three days prior to the Settlement Date. The shares issued are subject to a six-month voluntary escrow period following the date of issue.

POPL will retain all lithium and tantalum rights and receive a 2.5% Net Smelter Royalty on all other minerals produced from the tenement.