Lithic Resources Ltd. is a junior mining exploration company based in Vancouver, Canada which trades on the TSX Venture Exchange under the symbol LTH. We hold a 100% interest in the Crypto zinc-copper-indium project in Utah where in July 2008, we completed a program of 10,639 metres of core drilling aimed mainly at confirming and expanding a historical zinc resource.

Mine Development Associates recently completed an updated resource estimate which substantially increased the size of the Crypto deposit, confirmed the presence of significant levels of associated copper and established Crypto as perhaps the most important potential resource of indium in the continental USA. Preliminary metallurgical testwork has indicated that zinc, copper and indium are recoverable using standard flotation processing. We believe that the property has the potential ultimately to be developed as a conventional underground mine with a minimal environmental footprint and relatively low capex. Furthermore, there is a central volume of high grade mineralization with the potential for early mining and rapid capital payback.