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Dajin Resources Corp. Advances Drilling Plans at Teels Marsh

20.10.2016  |  The Newswire
Vancouver, October 20, 2016 - Dajin Resources Corp. ("Dajin") (TSX-V: DJI) (OTC: DJIFF) (Frankfurt: A1XF20) announces updated drilling plans for deep, wide diameter drilling at Dajin's 100% owned Teels Marsh Lithium brine project in Mineral County, Nevada.

Dajin has applied for a water well diversion permit from its existing 1,000 acre feet of annual water rights. This permitting will provide a "Temporary Change of Point of Diversion" permit from the Nevada State Engineer's Office and allow for drilling to commence. The water will be used during construction of 1.5 miles (2.4 kilometers) of road and for two drill pads. The drill pads will support two wells each. The first exploration well will be drilled to a depth of 500 feet (150 meters) to test for brine-bearing horizons down to this level. The second well will be 2,000 feet (600 meters) deep. Capuano Engineering (Santa Rosa, California) has prepared well design plans for an even deeper well if testing at the shallower levels warrant deeper penetration. The well design calls for the production zone to be drilled at 8 1/2 inch diameter, sufficient for detailed testing of the reservoir, and potential production if results warrant. Two additional wells will be drilled on the second pad in a similar manner for a total of four exploration wells.

Dajin's geophysical and geological analysis has confirmed that the playa is over 6,500 feet (2,000 metres) deep; deeper than most of the playas in Nevada. This great depth has led Dajin to plan for wells deeper than those contemplated at other playas, but consistent with known production depths at Clayton Valley's Rockwood Lithium mine (owned by Albemarle Corp.). By drilling the shallower well alongside the deeper one, testing of the playa's subsurface for the strong reflectors seen in the seismic survey will be robust. These reflectors may indicate interstratified accumulations of volcanic ash with sands, gravels, evaporites and other types of sedimentary deposits.

The technical information in this press release has been prepared in accordance with the Canadian regulatory requirements of National Instrument 43-101 and has been reviewed and approved on behalf of Dajin Resources Corp. by Dajin Director, Dr. Catherine Hickson, P. Geo, a Qualified Person.

Pursuant to Dajin's Stock Option Plan the Board of Directors have granted 1,600,000 incentive stock options to certain directors and officers at a price of $0.16 per share expiring on October 20, 2021.

About Dajin: (www.dajin.ca)

Dajin is an energy metals exploration company holding a 100% interest in 294 placer claims known to contain Lithium and Boron values in the Teels Marsh region of Mineral County, Nevada. These claims, which cover 5,853 acres (2,369 hectares), are adjacent to the birth place of US Borax Corp's first borax mine. Dajin also holds 191 placer claims covering 3,851 acres (1,558 hectares) in the Alkali Lake region of Esmeralda County, Nevada. Dajin has entered into an option agreement with Nevada Energy Metals Inc. to explore these claims located 7 miles (12 kilometers) northeast of Rockwood's Clayton Valley Lithium operation.

In Argentina, Dajin holds a 100% interest in concessions or concession applications in Jujuy Province, that were acquired in regions known to contain brines with Potassium, Lithium and Boron values. These concessions total approximately 93,000 hectares (230,000 acres) and are located in the Salinas Grandes/Guayatayoc salt lakes basin adjacent to concessions held by Orocobre Ltd.. Dajin has signed a binding Memorandum of Understanding with Lithium S Corporation ("Lithium S") whereby Lithium S has been granted an option to earn a 51% interest in Dajin's lithium properties in Argentina.

DAJIN RESOURCES CORP.

Brian Findlay, President & CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility

for the adequacy or accuracy of this release.

Copyright (c) 2016 TheNewswire - All rights reserved.

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