Enirgi Group Corporation Acquires Interest in LSC Lithium Corporation

TORONTO, June 30, 2017 /CNW/ - Enirgi Group Corporation ("Enirgi Group") is pleased to announce that it has acquired 5,181,347 common shares (the "Common Shares") of LSC Lithium Corporation ("LSC"). LSC has its head office located at 1 Adelaide Street East, Suite 3001, Toronto, Ontario, M5C 2V9, Canada. The business of LSC will be to focus on the exploration, discovery and development of lithium mineral properties in Argentina.

On June 29, 2017, LSC completed its acquisition of 100% of the shares of LitheA Inc. ("LitheA") from BMC Global Limited ("BMC"), pursuant to an option agreement dated November 23, 2016, as amended between LitheA, LSC, BMC, its parent company and its beneficial shareholder Ho Sok Lim.

In connection with the completion of LSC's acquisition of LitheA and pursuant to a put-call agreement dated November 14, 2016, as amended, between LSC and Enirgi Group (among others), Enirgi Group exercised its right to convert the principal amount of US$5 million in outstanding debt owed to it, at a price of US$0.965 per share, or approximately CAN$6,735,751, based on an equivalent price per share of CAN$1.30 reflecting the agreed exchange rate under the put-call agreement.  As a result, 5,181,347 Common Shares were issued to Enirgi Group.

Immediately prior to the acquisition of the Common Shares, Enirgi Group had direct or indirect ownership of or control over 15,407,025 common shares of LSC and 2,590,673 common share purchase warrants of LSC (each such warrant entitling Enirgi Group to purchase one common share of LSC at a price of CAN$1.50 until November 14, 2017 (the "Warrants")), representing approximately 18.1% of the outstanding common shares of LSC on a non-diluted basis and 20.6% of the outstanding common shares of LSC on a partially diluted basis (assuming exercise of the Warrants).  After giving effect to the acquisition of the Common Shares, Enirgi Group now has direct or indirect ownership of or control over 20,588,372 common shares of LSC and 2,590,673 Warrants, representing approximately 17.7% of the outstanding common shares of LSC on a non-diluted basis and 19.5% of the outstanding common shares of LSC on a partially diluted basis (assuming exercise of the Warrants).

Enirgi Group has acquired the Common Shares for investment purposes, and may acquire further Common Shares or dispose of its holdings of Common Shares, both as investment conditions warrant.

LSC is listed on the TSX Venture Exchange under the symbol "LSC".

Enirgi Group is a privately held multinational conglomerate incorporated under the Canada Business Corporations Act and located at 1 Adelaide Street East, Suite 3001, Toronto, Ontario, M5C 2V9, Canada.

For further information, including a copy of the early warning report required under applicable Canadian securities laws to be filed by Enirgi Group as a result of the transaction referred to in this press release, please contact Jessica Helm at (416) 365-2783.

ABOUT ENIRGI GROUP

Enirgi Group is a privately held multinational conglomerate that owns and operates a portfolio of assets and operations located around the world. Enirgi Group's Advanced Materials Division is advancing the development of Enirgi Group's lithium project located in the province of Salta, Argentina. Enirgi Group is focused on developing innovative technologies to sustainably progress a number of development projects around the globe with the goal of becoming a leading low-cost, high quality producer of specialty chemicals and energy storage solutions.

Enirgi Group is wholly-owned by Sentient Group. The Sentient Group Limited is an independent private equity investment firm specializing in the global resources industry with over $2.7 billion of assets under management in metal, mineral and energy assets across the globe.

SOURCE Enirgi Group Corporation

For further information: Enirgi Group Corporation, Jessica Helm, VP Corporate Communications, 1 Adelaide Street East, Suite 3001, Toronto, Ontario, Canada M5C 2V9, P + 1 416 365 2783, E info@enirgi.com, W enirgi.com

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