Mars Mines Limited is a mining exploration and development company with projects in Africa and South America. It has a highly capable Board of Directors, technical team and management team with significant mining, exploration capability and relevant capital markets experience.

Mars Mines has an experienced board and management team with a track record in mining, exploration, operations and corporate management specifically in foreign jurisdictions. The Board has formulated a strategy to grow the company into an international diversified and environmentally sustainable mining company. The board is continuously on the lookout for new opportunities to expand the business and add to shareholder value through both organic growth and acquisitions.

Highlights

• The initial focus on underexplored areas including identified and reported mineral occurrences within known mineral belts and mapped geology had led to new project generation with significant scale and multi commodity blue-sky mineral deposit discovery potential.

• In north east Brazil there are currently major mining companies exploring for IOCG and base metals in licenses adjacent to Mars licenses within the Rift Zones. These include Fortescue Metals Group subsidiary, Codelco, Vale and Nexa.

• Mars Metals P/L owns 100% of Global Lithium P/L which owns 100% of project with world class potential which is highly prospective for lithium bearing pegmatites and other associated minerals. Mars Metals is a partnership company 50% owned by Australian mining company Mars Mines Limited and 50% owned by local Nigerian mining company Agra Minerals Ltd (Agra) through its US incorporated nominee Fardak Group Inc.

• Of the 41 outcrop grab samples submitted for analysis by assay results returned from the ISO 9001 for Quality Management Systems accredited SGS laboratories in Perth, Australia, include 15 samples with plus 2.0 % Li2O (maximum assay 5.34 % Li2O) and 5 samples above 1.0 % Li2O.

•  The exploration potential of this district has been identified to be excellent and justifies ongoing exploration.

• The project currently has the approvals to immediately commence short term mining and sales, with international lithium buyers already purchasing ore from the project area on a small scale.

Mineral Exploration Projects

IOCG Targets

IOCG deposits often occur in post orogenic rift zones and can form very large-scale high-grade deposits. The median size and grade of copper type IOCG deposits is 170 million tonnes at 0.9% Cu and 0.3 g/t Au, while subtypes can have different median sizes and grades.

Mars Mines holds 83 tenements in the post orogenic Lower Proterozoic Orós -Jaguaribeano rift and in the post orogenic Ediacaran-Cambrian age Cococi and Sao Juliao rifts and associated areas. Total area of tenements held is 1612.73 km2.

Widespread occurrences of iron and copper are known, with several of the occurrences being confirmed as IOCG style mineralisation. The application of modern exploration techniques by Mars Mines in this grossly underexplored region is aimed to discover IOCG deposits in an area with widespread indicators of this type of deposit.

Significant tenement holdings in the areas surrounding the Mars Mines tenements are held by global major companies. These companies include Codelco, the Chilean world leading Cu producer, Fortescue Metals Group, world’s 4th largest Fe producer, Nexa Resources, the world’s 4th largest zinc producer and large Brazilian diversified miner and Vale, South Americas largest mining company and the world’s largest Fe and second largest Ni producer.

Lithium Targets

Extensive lithium provinces are present throughout eastern Brazil with widely promoted deposits known mainly in Minas Gerais, in central eastern Brazil. Much of the known lithium mineralisation is associated with post orogenic granitic intrusives of Cambrian age and similar age granites are known in the area of the Mars Mines tenements in the Iguatu region.

Pegmatites have been mapped in regional mapping by the CPRM but no analyses for lithium have been carried out. Mars Mines intends to explore the pegmatites in this region to determine their lithium potential.

Magnesite Targets

Major magnesite mines are known in the Orós Rift and are considered to be replacement deposits of limestones by magnesium rich hydrothermal fluids. A number of magnesite occurrences are known within the Mars Mines tenements and will be assessed for both their magnesite potential as well as for copper potential.

Copper and lithium are important green energy metals and magnesium may become an important green energy metal for new Mg-ion battery technology competitive with Li-ion batteries in the future.