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Advantage Lithium CAU07 and CAU16 Drilling Results from Cauchari

BRISBANE, QLD, Australia, Nov. 8, 2017 /PRNewswire-AsiaNet/ --

Orocobre Limited (ORE: ASX, ORL: TSX) (Orocobre) is pleased to provide further 
drilling results announced by Advantage Lithium Corp. ("Advantage Lithium", 
TSXV:AAL, OTCQX: AVLIF, 35% owned by Orocobre) with initial sampling from CAU07 
and CAU16 holes averaging 635 mg/l and 619mg/l lithium respectively.

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Details are provided in the attached release from Advantage Lithium with 
updated drill locations. 

                         Cauchari JV Drilling Update
             Excellent Initial Results in First Two NW Sector Holes 
        CAU07 brine 635 mg/l Lithium and CAU16 brine 619 mg/l Lithium

Vancouver, British Columbia, November 7, 2017 – Advantage Lithium Corp. (the 
"Company" or "Advantage Lithium") (TSX Venture: AAL) (OTCQX: AVLIF) is pleased 
to provide this update on the first sample results from CAU07 and CAU16 in the 
previously undrilled NW Sector of the Cauchari JV property located in Jujuy 
Province, Argentina. 

Highlights:

     -- Brine body discovered with high Lithium concentrations in NW Sector,
        where there was no previous drilling 
     -- Initial samples from CAU07 returned an average of 635 mg/l Lithium and 
        4,772 mg/l Potassium at a depth of 236 m 
     -- Initial samples from CAU16 between 169 and 199 m averaged 619 mg/l 
        Lithium and 4,878 mg/l Potassium 
     -- Samples from both holes show low Mg/Li ratios averaging 2.0:1 and 
        2.3:1 respectively 
     -- Diamond drilling encountered extensive sandy sediments in both holes,
        suggesting high porosity and good permeability characteristics making 
        it attractive for brine extraction 
     -- Additional drilling is planned for resource definition in the NW 
        Sector and to assess brine flows 
     -- Diamond hole CAU16 located 4.5 km south of CAU07 further opens up the 
        potential of the NW Sector.

President & CEO Mr. David Sidoo commented: "Initial high grade results of 635 
and 619 mg/l Lithium amid a thick sequence of sandy sediments in the NW Sector 
confirm the potential of this highly prospective area to be a fast track 
lithium development project. Additional drilling will be planned to follow up 
CAU07 and CAU16 to conduct systematic sampling and define new resources in this 
area which is located immediately south of the Orocobre Olaroz project and 
adjacent to the SQM/LAC brine resource. This is very positive news for the 
scoping study planned on this project which will commence in 2018."

Mr. Sidoo further commented "Results of this caliber, will allow us to consider 
the most appropriate and fastest path to production with existing 
infrastructure and access to suppliers and contractors who have worked on South 
America's two most recent lithium projects".

CAU07 Drilling Results

The initial lithium concentration at a depth of 236 m averaged 635 mg/l Li and 
4,772 mg/l K, with a Mg/Li ratio of 2:1 from three samples (a primary sample, a 
check sample and a field duplicate taken at this depth using a bailer). 
Systematic brine sampling is planned and results will be announced when 
available. Diamond drilling continued to a depth of 275 m, providing core 
samples for porosity test work, an important component of the upcoming resource 
estimation. CAU07 will now be deepened using a rotary drill, with the objective 
of reaching the underlying bedrock and conducting systematic brine sampling 
throughout the well, in addition to pumping tests for assessment of the brine 
flow. 

CAU07 is located in the eastern part of the NW Sector, in close proximity to 
the brine resource of SQM/Lithium Americas Corp. Additional drilling will be 
undertaken in this area to allow further sampling of brine to support resource 
estimation.

CAU16 Drilling Results

Initial results have been received from samples between 169 and 199 m depth, 
averaging 619 mg/l Lithium and 4,878 mg/l Potassium, with individual sample 
results ranging from 564 to 648 mg/l Lithium and 4,460 to 5,069 mg/l Potassium. 
The average Mg/Li ratio is also low at 2.3:1, similar to that in CAU07 as well 
as the Orocobre Olaroz project and SQM/Lithium Americas Cauchari project. 
Additional sample results are awaited from batches of samples above and below 
this interval of the hole. Diamond drilling has now reached a final depth of 
320 m and systematic sampling of the hole will now be completed using a packer 
or bailer sampling device. Once sampling is complete the hole will be installed 
as a monitoring well.

Drilling intersected a significant sequence of sandy material from surface, 
with gravels encountered deeper in the hole, showing many similarities to 
CAU07. These results confirm the presence of attractive concentrations of 
lithium brine in the NW Sector Cauchari JV properties, opening up the resource 
potential of this area.

CAU08 and CAU11 progress

In the SE sector rotary holes CAU08 and CAU11 reached a depth of 400 m and will 
be extended to explore for deep sand units described in the adjacent resource 
area of SQM/Lithium Americas Corp. Intersection of deep sand units in the SE 
Sector could add significant additional brine; with important sand units also 
noted in the deeper drilling conducted at Olaroz (refer to Orocobre 
announcement 23 October 2014, Large Exploration Target Defined Below Current 
Resource – which outlines the results of deeper drilling there).

The technical information in this news release has reviewed and approved on 
behalf of the company by Murray Brooker, MAIG, RPGEO, a "Qualified Person" as 
defined in NI 43-101.

About Advantage Lithium Corp.

Advantage Lithium Corp. is a resource company specializing in the strategic 
acquisition, exploration and development of lithium properties in Argentina. 
Advantage Lithium has offices in Vancouver, Canada and in Salta, Argentina. The 
common shares of the company are listed on the TSX Venture Exchange (TSX-V: 
AAL), and the company is also traded on the OTCQX Best Market in the U.S. 
(OTCQX: AVLIF). The company has acquired a 100% interest in five projects in 
Argentina and has acquired a 75% interest in a sixth, called Cauchari. The 
Cauchari project is located just 20 km south of Orocobre's flagship Olaroz 
Lithium Facility. 

Further information about the Company can be found at www.advantagelithium.com. 

 ADVANTAGE LITHIUM CORP.    	
 Per:    	"David Sidoo"           
	         David Sidoo, President 
	         Tel:  +1.604.343.3760 | Fax: +1.604.683.1585
	         Email: info@advantagelithium.com

Cautionary Statement: 

Certain information contained in this press release constitutes 
"forward-looking information", within the meaning of Canadian legislation. 
Generally, these forward-looking statements can be identified by the use of 
forward-looking terminology such as "is expected","intends", or "has the 
potential to".  Forward looking statements contained in this press release may 
include statements regarding the future operating or financial performance of 
Advantage that involve known and unknown risks and uncertainties which may not 
prove to be accurate. Actual results and outcomes may differ materially from 
what is expressed or forecasted in these forward-looking statements. Such 
statements are qualified in their entirety by the inherent risks and 
uncertainties surrounding future expectations. The forward-looking statements 
included in this press release are made as of the date of this press release 
and the Company disclaims any intention or obligation to update or revise any 
forward-looking statements, whether as a result of new information, future 
events or otherwise, except as expressly required by applicable securities 
legislation.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term 
is defined in the policies of the TSX Venture Exchange) accepts responsibility 
for the adequacy or accuracy of this release.

SOURCE: Orocobre Limited