BARREL ENERGY UPDATE ON TITAN (X) SOUTH PROJECT

Rhea-AI Summary

Barrel Energy Inc. (BRLL) provides an update on the Titan X South Lithium Project in Tanzania, revealing a significant lithium-in-soil anomaly covering over 4,200 acres with high-grade areas containing up to 4.82% Li2O. The project, referred to as Titan South, shows promising lithium values and has the potential to be a major contributor to the lithium market.

Las Vegas, NV., Nov. 30, 2023 (GLOBE NEWSWIRE) -- Barrel Energy Inc., (OTC Markets: BRLL) (the “Company” or “BRLL”) is pleased to provide an exploration update on the Titan X South Lithium Project in Tanzania. The Company will refer to the property going forward as “Titan South.”

See Titan Projects Map (attached) with projects orientation in relation to the large play and the adjacent Titan 1 project.

The soil anomaly, outlined in green, runs North-South directly from Titan 1 to Titan South.

At present, the lithium-in-soil anomaly at Titan 1 is the largest worldwide, covering over 40 square miles (110 square kilometers) of continuous lithium (“Li”) values averaging over 4,000 ppm Li and containing high-grade areas where lithium values returned up to 4.82% Li2O (22,400 ppm Li).

Much of the Tian South Project remains unexplored and untested, however, new soil grid sampling during the month of October has now covered an area of approximately 4,200 acres (17 square kms).

The first two rounds of sampling revealed lithium in-soil values as high 2.5% Li2O (11,600 ppm Li) at Titan South with grades averaging over 3,900 ppm Li in a large area that appears to be the direct southward extension of the Titan 1 playa lithium anomaly. For comparison, the Thacker Pass pit contains 40 years of production and covers roughly 1,100 acres (4.44 sq Kms) and averages 3,160 ppm Li.

About Barrel: Barrel Energy Inc., (OTC Markets: BRLL) is focused on several ventures within the green energy and battery minerals sector and the rapid development of valuable production opportunities throughout North America and abroad.

Contact:

Harp Sangha-Chairman

sanghaharp1964@gmail.com                        

+1-702-595-2247

www.barrel.energy

Forward-Looking Statements:

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers.  Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Securities and Exchange Commission.

FAQ

What is the latest update from Barrel Energy Inc. (BRLL)?

Barrel Energy Inc. (BRLL) has provided an update on the Titan X South Lithium Project in Tanzania, revealing a significant lithium-in-soil anomaly covering over 4,200 acres with high-grade areas containing up to 4.82% Li2O.

What is the significance of the Titan South Project update?

The Titan South Project update is significant as it shows promising lithium values and has the potential to be a major contributor to the lithium market.

What are the lithium-in-soil values at Titan South?

The first two rounds of sampling revealed lithium in-soil values as high 2.5% Li2O (11,600 ppm Li) at Titan South with grades averaging over 3,900 ppm Li in a large area that appears to be the direct southward extension of the Titan 1 playa lithium anomaly.

How does the Titan South Project compare to the Thacker Pass pit?

The Titan South Project covers an area of approximately 4,200 acres with lithium values and high-grade areas, showing potential to be a significant contributor to the lithium market. In comparison, the Thacker Pass pit contains 40 years of production and covers roughly 1,100 acres (4.44 sq Kms) and averages 3,160 ppm Li.