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.

As of June 2008, we are close to completing a 10,000 metre program of 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.  Additional drill targets include the down plunge extensions of high grade silver-lead-zinc mineralization at the formerly producing Utah Mine, geophysical anomalies identified in 2006 that could represent a new zone of Crypto-style zinc mineralization and deep, high grade molybdenum-bearing intercepts from historical drilling. All these targets are situated near enough to the main Crypto zinc deposit such that it is possible that any newly discovered zones could be accessed from a single shaft.

This multiple opportunity and advanced project is 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, both advanced situations as well as earlier stage projects for our pipeline.