Surge Exploration Enters into MOU for an Option to Acquire Incahuasi Lithium Project in the Antofagasta Region of Chile
Vancouver, BC – October 31, 2018 – Surge Exploration Inc. (the “Company” or “Surge”) (TSX‐V:SUR, OTCQB:SURJF, FRA:DJ5C) is pleased to announce that it’s wholly owned subsidiary, Surge Exploration Chile SpA has entered into an arm’s length non-binding Memorandum of Understanding (the “MOU”) with Mr. Miguel Angel Pérez Vargas ( “MAPV”) for an option to acquire up to 100% of the Incahuasi Lithium Project in the prolific Antofagasta mining region in Northern Chile. The Incahuasi Lithium Project comprises 10 exploration concessions totalling 2,300 hectares, and the Incahuasi Salar is located on the Chile/Argentina national border approximately 75 km / 46 mi southeast from the famed Atacama Salar in Chile. The Atacama Salar is well-known to be the world’s largest and actively mined source of lithium with over 15% of the global supply of lithium contained within its boundaries.
