Ann: Notice of Annual General Meeting/Proxy Form, page-20

We are waiting for detail on precise composition of IPO.

Snow Lake Resources will own 100% of Thompson Bros, Sherritt Gordon and the Crowduck property.

With new appointments for Snow Lake Resources there would be work going on behind the scenes.

What we do know:
- SLR shares will be issued for seed capital
- SLR shares will be issued for PLAN bringing their stake into Snow Lake
- SLR shares will be issued to Public ( TSX-V requires a minimum of 20% publicly issued for a broad number of investors/lots )
- SLR shares will be issued to NVA

Key info is in the following:

https://www.asx.com.au/asxpdf/20181119/pdf/440dr946k3vfjx.pdf

http://www.progressiveplanet.ca/201...-progressive-planets-interest-in-lithium-ipo/

There will also be some half-warrants issued related to seed capital ( 2 half-warrants needed to convert to a SLR share, although not clear what the conversion cost is ).

We can also anticipate that SLR shares will be issued for flow-through finance from additional seed capital.

Could be that IPO will not occur until after drilling has commenced or perhaps after initial results are in. These timeframes for IPO are speculative. We need to wait for company to comfirm timeframe.

Assuming some drilling occurs in December then first results will be in February.

Above is all my current thinking from data we have.

Hopefully by then LIT will have finished consolidating. There is also evidence of improving sentiment for Lithium, particularly hard rock.