Sayona Mining Ltd (asx:sya) Option to Acquire New Pilbara Spodumene Discovery

Sayona Mining Limited (ASX:SYA) (OTCMKTS:DMNXF) ("Sayona" or the "Company") is pleased to announce that it has secured an option from Great Sandy Pty Ltd ("Great Sandy") to acquire a 871 km2 package of tenements in the world-class Pilgangoora lithium district of Western Australia.

Highlights

- Option to acquire 871 km2 package of tenements in the world-class Pilgangoora district, including the Mallina project with newly identified spodumene pegmatite:

-- Rock chip samples up to 2.13% Li2O in discovery pegmatite. The average of the 10 rock chip samples collected to date is 1.28% Li2O

-- Spodumene crystals over 20 centimetres in diameter identified within the Discovery pegmatite, along a 500 metre strike zone

-- Pegmatite swarm remains unexplored; high potential for additional discoveries

Recent reconnaissance exploration conducted on the Mallina tenement has located significant zones of visible spodumene mineralisation within a pegmatite. Sample results include rock chip assays up to 2.13% Li2O within a pegmatite which has been mapped over 500 metres of strike extent. The average of the 10 rock chip samples collected to date is 1.28% Li2O. The Mallina area is a new spodumene discovery and has never been previously explored for its lithium potential.

The Mallina project is located 80 kilometres west of the Pilgangoora lithium deposits of Altura Mining and Pilbara Minerals, and compliments the Company's other 1,000 km2 lithium exploration portfolio in the Pilbara region.

The company plans to...