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TSX.V:SIE | OTC:SNNAF | SWB:A1XCQ0
Thank you for your interest in Sienna Resources Inc. (TSX.V:SIE, OTC:SNNAF, SWB:A1XCQ0)

There are many exciting developments coming ahead for the Company. Sienna will be very active on multiple projects in 2022. Lithium prices have recently broken out to  ALL-TIME HIGHS, up 900% since the start of 2021.

In recent news, we have expanded the acreage of the Blue Clay Lithium Project in Nevada to now encompass 2,950-acres, where a recent drill program has discovered lithium values as high as 1,230 part per million lithium(ppm Li).

In North America, Sienna’s projects include the Blue Clay Lithium Project in Clayton Valley, Nevada and the Clayton Valley Deep Basin Lithium Project in Clayton Valley, Nevada, home to the only lithium brine basin in production in North America, in the direct vicinity of Albemarle Corp’s (NYSE: ALB) Silver Peak deposit and Tesla Motors Inc.’s (Nasdaq: TSLA) Gigafactory. 

In recent news announced on August 17, 2021, Pure Energy Minerals Ltd. (PE:TSX.v) partner Schlumberger New Energy (SLB—NYSE) has received approval from the Bureau of Land Management (BLM) for a plan of operations covering the construction and operation of a pilot plant at Pure Energy’s Clayton Valley, Nevada, lithium brine project. Their sustainable approach uses a differentiated direct lithium extraction (DLE) process to enable the production of high-purity, battery-grade lithium material while reducing the production time from over a year to weeks. Sienna also has the ‘Marathon North Platinum-Palladium Property’ in Northern Ontario directly bordering Generation Mining  (CSE: GENM) 7.1-million-ounce palladium-equivalent Marathon Deposit.

Sienna is partnered with an NYSE listed mining company in Scandinavia on the past-producing Bleka & Vekselmyr Orogenic Gold Projects, located in Southern Norway, which are both greenstone-hosted gold systems.

As you can see,  Sienna will be very active on multiple projects throughout 2022.

Recent News

Sienna Makes a New Lithium Discovery on its 100% Owned Blue Clay Lithium Project in the Clayton Valley of Nevada

March 25, 2022, Sienna Resources Inc. (“Sienna” or the “Company”) (SIE—TSX.v, SNNAF—USA, A1XCQ0–Germany) is pleased to announce  that the maiden drill program has revealed a new lithium discovery on the 100% owned Blue Clay Lithium Project in Clayton Valley, Nevada (See map below).  Lithium values as high as 1230 ppm Li were encountered with 800 ppm Li over 120 feet, including 1,011 ppm Li over 40 feet.  The Blue Clay Lithium Project consists of 150 contiguous claims totaling approximately 2,950 acres prospective for lithium right in the heart of the Clayton Valley in Nevada, which is currently  home to the only producing lithium region in North America.

Jason Gigliotti, President of Sienna Resources, states: “We are very pleased to have made a new lithium discovery on the maiden drill program in the Clayton Valley of Nevada.  Domestically sourced lithium is in massive demand especially in light of recent global events.  We couldn’t be more excited about this new discovery and are immediately planning the next phase of drilling to delineate the lithium held within the property.  I was recently down on the property and am very optimistic about the short and long term future this project will have on the growth of Sienna Resources.  When you factor in that lithium prices are at their all-time high today, management is very enthused about this new discovery.”

Clayton Valley Map

Qualified Person

Mr. Frank Bain, PGeo, a qualified person as defined by National Instrument 43-101 has reviewed and approved the scientific and technical disclosure contained within this news release.

About Sienna Resources Inc.

Sienna Resources is focused on exploring for and developing high-grade deposits in politically stable, environmentally responsible and ethical mining jurisdictions. Sienna is partnered with a New York Stock Exchange-listed mining company on two separate projects in Scandinavia including the past-producing Bleka and Vekselmyr orogenic gold projects in southern Norway which are both greenstone-hosted gold systems, and the Kuusamo platinum group elements (PGE) project in Finland directly bordering the LK Project being advanced by Palladium One Mining Inc. In North America, Sienna’s projects include the Marathon North platinum-palladium property in Northern Ontario directly bordering Generation Mining Ltd.’s 7.1-million-ounce palladium-equivalent Marathon deposit. Sienna also has the Clayton Valley Deep Basin Lithium Project in Clayton Valley, Nev., home to the only lithium brine basin in production in North America, in the direct vicinity of Albemarle Corp.’s Silver Peak deposit and Tesla Motors Inc.’s Gigafactory and the recently acquired Blue Clay Lithium Project in Clayton Valley Nevada. Management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative to the presence of mineralization on the company’s properties.

If you would like to be added to Sienna’s email list, please email [email protected]rces.com for information or join our twitter account at @SiennaResources.

Contact Information

Tel:  1.604.646.6900

Fax: 1.604.689.1733

www.siennaresources.com

[email protected]

“Jason Gigliotti”

President, Director

Sienna Resources Inc.

Neither the 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 press release.

View All News

Company Highlights

1

Lithium prices have recently broken out to ALL-TIME HIGHS, up over 900% since the start of 2021.

2

A drill program has discovered lithium values as high as 1,230 ppm Li on the 2,950-acre Blue Clay Lithium Project in Clayton Valley, Nevada

3

In North America, Sienna has the Clayton Valley Deep Basin Lithium Project in Clayton Valley, Nevada, home to the only lithium brine basin in production in North America, in the direct vicinity of Albemarle Corp’s (NYSE: ALB) Silver Peak deposit and Tesla Motors Inc.’s (Nasdaq: TSLA) Gigafactory

4

Sienna has joined the Clayton Valley Lithium Advisory Committee (CVLAC)

5

Sienna Resources has acquired the past producing Bleka & Vekselmyr Orogenic Gold Projects in Southern Norway which are both greenstone-hosted gold systems

6

Sienna's ~16,500 acre Marathon North Platinum-Palladium Property in Northern Ontario directly bordering Generation Mining Ltd.'s (CSE: GENM) Marathon palladium project

Nevada, USA

‘Blue Clay Lithium Project’ in Nevada

About The Project

Sienna Resources Inc. has acquired the Blue Clay lithium project in Clayton Valley, Nevada. This project consists of 94 contiguous claims totalling approximately 1,950 acres prospective for lithium.

A phase I drill program has discovered lithium values as high as 1,230 parts per million (ppm Li). Management is currently formulating a follow up phase II drill program.

On Tesla Battery Day, held on September 22, 2020, Tesla’s Elon Musk announced their intention to acquire Nevada lithium projects and their overwhelming need to secure domestic lithium deposits to feed their Gigafactory.

Nevada, USA

‘Clayton Valley Deep Basin Lithium Brine Project’ in Nevada

Sienna Resource’s “Clayton Valley Deep Basin Lithium Brine Project” is located directly inside of and completely surrounded by Pure Energy Minerals Ltd’s property. The “Clayton Valley Deep Basin Lithium Brine Project” is located in parts of the deepest sections (refer to the map) of the only lithium brine basin with a producing operation in North America, Albemarle Corp’s (NYSE: ALB) Silver Peak Mine. Pure Energy Minerals, which owns the Clayton Valley South project, has released an inferred resource of 247,000 tons of lithium carbonate equivalent on the Clayton Valley South project. According to the Pure Energy Minerals Limited website, “Geophysics shows that the same brine-bearing formations encountered during drilling (Pure) appear to extend to much greater depths within the basin.” Pure Energy Minerals Limited had signed a supply agreement with Tesla Motors Inc (Nasdaq: TSLA) to potentially supply lithium hydroxide from its Clayton Valley Lithium Brine Deposit. Also, recently announced on November 26, 2019, was news that Schlumberger Technology Corporation (NYSE: SLB) has begun the initial steps to advance its option to test and develop Pure Energy Mineral’s Clayton Valley Project. When a major company like Schlumberger is looking at the property that completely surrounds Sienna’s, it is clear that lithium in Nevada is gaining attention again.

Jason Gigliotti, President of Sienna Resources Inc. stated, “We are pleased to be one of the few companies that have property within the only known lithium brine basin with production in North America. Saline brines are higher density than fresh or brackish water and therefore tend to sink. Based on this, management is optimistic regarding this project as we are located in the deeper sections of this basin. Sienna also currently has one of the smaller market caps of the public companies in the Clayton Valley. The lithium space has shown signs of explosive growth recently and shows little to no signs of slowing down. Lithium is one of the few sectors of the market that appeals to both the traditional resource investor and millennials, as Tesla has primarily created a global knowledge for lithium, therefore being a true crossover element.”

Access to Deepest Part of Basin
  • An as early mover in this play, Sienna is one of only four companies (Albermarle, Pure Energy & Cruz Cobalt Corp) to have access to the deepest parts of the only lithium brine basin in production in North America.
  • Sienna’s property is completed surrounded by Pure Minerals Ltd.’s property.
  • Pure Energy Minerals Ltd. has signed a lithium supply agreement with Tesla Motors Inc. (Nasdaq: TSLA).
  • Pure Energy’s strategic partner, Schlumberger (NYSE: SLB) has begun the initial steps to advance its option to test, develop and acquire the CV Project.

Norway

The Past Producing Bleka and Vekselmyr Orogenic Gold Projects in Norway

Sienna Resources (SIE—TSX.v) (A1XCQ0 –FSE) (SNNAF—OTCBB) (the “Company”) is pleased to announced that it has entered into an option agreement with EMX Royalty Corporation (EMX—NYSE, TSX.v) to acquire the “Bleka and Vekselmyr Gold Projects” in Norway.  These projects are greenstone-hosted gold systems in southern Norway (see Figure 1). In particular, the Projects were acquired on the basis of past gold production at Bleka from historic mining activities and the documentation of outcropping gold mineralization in orogenic-style veins at Vekselmyr. Both Projects contain extensions of the structures that host gold mineralization that have not been tested by historic exploration programs.  This now gives Sienna 4 separate projects in Scandinavia.

Jason Gigliotti, President of Sienna states, “This is a tremendous opportunity for Sienna to acquire a high quality gold project in a politically stable, mining friendly jurisdiction. We have been searching for a high quality, high potential gold project and we feel these two new gold targets provide this to Sienna immediately.  This gold belt has been under explored and we plan to commence work right away. “

Overview of the Projects

The Projects are located in an underexplored greenstone belt in southern Norway with areas of historic gold production and documented gold occurrences. The Bleka Vein was discovered in 1880 and mined intermittently until 1940, with historic production reported as 165 kilograms (i.e., ~ 5,300 troy ounces) of gold sourced from mineralized material with an average grade of 36 g/t gold. The Bleka project covers the historic mining area and swarms of similar veins that extend for at least three kilometers along strike. The nearby Vekselmyr license covers outcropping gold mineralization in similar orogenic-style veins.

[1] Gamst & Thomsen (1998) Gold Exploration in The Seljord and Hjartdal area of Telemark, Southern Norway, Norwegian Geological Survey Report 4655 (https://dirmin.no/sites/default/files/bibliotek/BV4655.pdf). Bleka Gold Mine in Seljord, Telemark, summary report 1998, Norwegian Geological Survey Report BV4654 (https://dirmin.no/sites/default/files/bibliotek/BV4654.pdf) *Historic assay values quoted above are from the NGU, from (Rapport nr 4661).SIE  has not performed sufficient work to verify the published data reported above, but SIE believes this information is considered reliable and relevant. (BV4661.PDF)

Vekselmyr Gold Project  *Historic assay values quoted above are from the NGU, from (Report No. 84-23-38, 1984). SIE has not performed sufficient work to verify the published data reported above, but SIE believes this information is considered reliable and relevant. (NGU Deposit Area 911-010)

The technical contents of this release were approved by Greg Thomson, PGeo, a qualified person as defined by National Instrument 43-101. *Historic assay values quoted above are from the NGU however SIE has not performed sufficient work to verify the published data reported above, but SIE believes this information is considered reliable and relevant.

Ontario, Canada

‘Marathon North Platinum-Palladium Property’ in Ontario

The Marathon North Platinum-Palladium Property in Northern Ontario is directly bordering Generation Mining Ltd.’s (CSE: GENM) Marathon palladium project. This new project makes Sienna one of the largest landholders in the Coldwell Complex other than Generation Mining. The Coldwell Complex is the largest alkaline complex in North America and hosts the Marathon platinum-palladium deposit. According to Generation Mining’s webpage, the Marathon deposit is ‘one of’ the largest undeveloped platinum group metal mineral resources in North America hosting several PGM-Copper deposits, including the 7.1 million ounce palladium-equivalent Marathon Deposit. On January 6, 2020, Generation Mining Limited released a preliminary economic assessment (PEA) giving Marathon an after-tax net present value (NPV) of $871 million.

Management cautions that past results or discoveries on properties in proximity to Spearmint may not necessarily be indicative to the presence of mineralization on the Company’s properties. Mr. Greg Thomson, P.Geo., a director of Spearmint and a Qualified Person as defined by National Instrument 43-101 has reviewed and approved the scientific and technical disclosure contained within this website.

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2905 – 700 West Georgia Street
Vancouver, BC, V7Y 1C6

Mailing Address

P.O Box 10112
Pacific Centre
Vancouver, BC, V7Y 1C6

Contact Details

E. [email protected]
P. (604) 646-6900

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