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-indium-copper project in Utah where in the early 1990’s Cyprus Minerals estimated a historical resource of 5.4 million tonnes of sulphide mineralization grading 8.7% zinc and a further 2.8 million tonnes of near surface oxide mineralization grading 7.0% zinc.

In July 2008, we completed a program of 10,639 metres of core drilling aimed mainly at confirming and expanding the zinc-copper resource as well as further delineating its newly discovered potential as a significant indium deposit.  In addition to numerous intercepts of high grade zinc-copper-indium mineralization, several significant intervals of porphyry-style molybdenite mineralization were intersected, underscoring the possibility that mineralization at Crypto is related to a large, underlying zoned porphyry molybdenum system. An intercept of high grade silver-zinc-lead mineralization similar to but distinct from that formerly exploited at the Utah Mine suggests potential for additional zones of high grade silver mineralization. As of January 2009, we are working towards an updated resource estimate and metallurgical testwork on both oxide and sulphide mineralization is also scheduled.

The Crypto property is a multiple opportunity and advanced project located in one of the most mining friendly and secure jurisdictions anywhere and its US location gives it full exposure to US dollar denominated metals prices. Advancing it is our top priority at this point. At the same time, we will continue to search for other exceptional opportunities to add to our project portfolio.