Strong Nickel Results, Togo

    RNS Number : 6786K
  Lithic Metals and Energy Limited
  23 December 2008
   


    Lithic Metals and Energy
    ("Lithic" or "the Company")

    Strong Nickel Results, Togo

    Highlights

    *     Kpot?itting continues to demonstrate strong nickel values
    *     Intersections include 12m @ 1.39% Ni and 11m @ 1.17%

    Lithic Metals and Energy (AIM:LMY) today announce further analytical results from test pitting at its Kpot?nd Haito nickel prospects,
Togo.

    At the Kpot?rospect, results from pitting confirm the presence and continuity of nickel mineralisation encountered in earlier nearby
pitting. Consistent to earlier results, thicker, higher grade nickel intersections also tend to be open at depth, with test pitting limited
to approximately 12m depth due to safety constraints. 

    At the nearby Mount Haito prospect, broadly-spaced test pitting continues to encounter shallow nickel mineralisation over a 2 kilometre
strike length.  Weathering of ultramafic lithology, the essential process required to enhance nickel values, appears to be less pronounced
at Mount Haito than that observed at Kpot?possibly explaining the typically lower nickel values encountered in pitting.

    A table of significant pit intersections is presented below.

    Commenting on these results, Lithic Managing Director Jim Kerr said "Kpot?ontinues to reveal consistently high nickel values over the
portion of ultramafic lithology we can effectively sample by test pitting. At Mt Haito, elevated nickel values are present over a broad
area, but the degree and thickness of nickel enrichment appears to be less pronounced than that observed at Kpot?nd may well reflect the
less weathered nature of lithology there.

    We have now clearly demonstrated the presence of significant nickel mineralisation within the Haito project, with much of the
prospective ground yet to be sampled."

    For more information, please visit our website www.lithicme.com


 Jim Kerr, Lithic Metals & Energy                    Tel: [phone] 
 David Youngman / Katy Mitchell, WH Ireland Limited  Tel: [phone] 
 Laurence Read / Beth Harris, Threadneedle           Tel: [phone] 
 Communications 

      Table 1: Kpot?nd Haito Prospect Test Pitting Intersections
  Pit    Total   UTM EAST   UTM NORTH    RL        Intersections                
 Number  Depth  (Zone 31N)  (Zone 31N)                                          
                                                     Nickel %         Co (ppm)
                                 Kpote Test Pits
 HKP080  10.4m    268171      801101    488.7  1.4m @ 1.07% Ni from    360
                                                        0m
 HKP081  10.4m    268349      801202    504.9  7.4m @ 1.29% Ni from    598
                                                        0m
 HKP082  12.1m    268298      800995    514.8   11m @ 1.17% Ni from    477    *
                                                       1.1m
 HKP083   12m     268218      800920    513.1   11m @ 0.86% Ni from    1293   *
                                                        1m
 HKP084   12m     268340      800810    464.0   12m @ 1.39% Ni from    691    *
                                                        0m
 HKP085  6.8m     268151      800513    429.9  6.8m @ 1.02% Ni from    313    *
                                                        0m
 HKP086   12m     268712      800980    434.6   1m @ 0.55% Ni from     310    *
                                                        11m
 HKP087   12m     268771      800993    426.8  7m @ 0.99% Ni from 5m   261    *
 HKP088  11.9m    268636      800922     428    9m @ 0.78% Ni from     199    *
                                                       2.9m
 HKP089  8.75m    268800      800960     414    3m @ 0.59% Ni from     310    *
                                                       5.75m
 HKP090  9.4m     268771      801040     417      No significant
                                                      results
 HKP091  6.9m     268701      801038     435    2m @ 0.63% Ni from     245
                                                       2.9m
 HKP092  6.9m     268671      801071     434   2.9m @ 0.68% Ni from    307
                                                        0m
 HKP093  5.5m     268498      800927     456      No significant
                                                      results
 HKP094  8.4m     268137      800878     494    4m @ 0.97% Ni from    2237.5  *
                                                       4.4m
                               Mt Haito Test Pits
 HHP034  7.5m     273651      797899    434.1   4m @ 0.72% Ni from     217
                                                       2.5m
 HHP035  4.2m     273843      798161    475.5     No significant
                                                      results
 HHP036  4.5m     273842      798262    482.9  2.5m @ 0.60% Ni from    138
                                                        0m
 HHP037  7.2m     273838      798370    452.1  3.2m @ 0.60% Ni from    178
                                                        0m
 HHP039  3.6m     273654      798098    464.4  2.6m @ 0.52% Ni from    136    *
                                                        1m
 HHP040  4.2m     274400      798250     325      No significant
                                                      results
    *Denotes pitting ended in >0.5% Ni grades

    Notes:
    *     Nickel analyses completed by ALS laboratories Perth, Western Australia by ME XRF-12 borate flux method.
    *     Intercepts calculated as a weighted average using >0.5% Ni values and a maximum of 2m internal waste, minimum width 1m
    *     Cobalt values reported as a weighted average value over the corresponding reported nickel intersection.

    The information in this report that relates to Exploration Results is based on information compiled by Managing Director Jim Kerr (BSc
Geol, MSc Min Econ, MSEG). Mr Kerr, a full-time employee of Lithic Metals and Energy is a Member of the Australasian Institute of Mining and
Metallurgy and is a Competent Person as defined in the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore
Reserves. Mr Kerr consents to the circulation and inclusion in the report of the matters based on the information in the form and context in
which it appears.


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