ISM Resources Acquisition of Quebec Mineral Rights through its Wholly-Owned Subsidiary, Discovery Lithium Inc.

ISM Resources Corp. has closed its previously announced acquisition of certain Serindac Lake claims (comprising 1,675 mineral claims) and Vaubert Lake claims (comprising 2,113 mineral claims) located in the underexplored Nunavik region of Northern Quebec.

The Acquisition was completed pursuant to a definitive agreement (the “Agreement”) with various sellers (the “Sellers”) pursuant to which, through its wholly-owned subsidiary, Discovery Lithium Inc., the Company acquired a 100% undivided legal and beneficial interest in the Claims.

In accordance with the terms and conditions of the Agreement, ISM purchased the above-mentioned Claims from a group of Sellers in consideration of: (i) a cash payment of $990,000 (the “Cash Consideration”) to one of the Sellers; (ii) the issuance to the Sellers of an aggregate of 7,500,000 common shares of the Company (each, a “Consideration Share”), at a deemed issuance price of $0.15 per Consideration Share; and (iii) the granting of a 1% net smelter return royalty to one of the Sellers.

The Consideration Shares are subject to a voluntary pooling arrangement whereby one-third of the Consideration Shares will be released from escrow every six months after the closing of the Acquisition (the “Closing”). At Closing, the Company paid to the Sellers 50% of the Cash Consideration with the balance being due and payable upon the earlier of six months from Closing and the completion by ISM of financings of at least $2,000,000.

About ISM Resources Corp.

ISM Resources Corp. is a Canadian-based exploration company with a strong focus on identifying and advancing mineral resource projects in North America. The Company is currently advancing its gold exploration activities for the ESN Project located in Nevada. Additionally, ISM is evaluating the next steps for the Koster Dam Project located in Central British Columbia with its joint venture partner Cariboo Rose Resources.