Brookemont Capital Inc.
TSX VENTURE : BKT

January 25, 2010 03:01 ET

Brookemont Negotiating on Lithium Property Near First Gold Exploration's Recent Discovery in Quebec

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 25, 2010) - Brookemont Capital Inc. ("Brookemont") (TSX VENTURE:BKT) wishes to announce that it has entered into negotiations on a contiguous block of land in direct vicinity of the recent lithium discover made by First Gold Exploration Inc. ("First Gold"). A final decision on this property is anticipated to be completed in the in the coming days.

First Gold announced (January 21, 2010) the discovery of rare metals on its Pivert/Rose property in Quebec, along with up to 4.6% Li2O. According to their news release, "First Gold is truly thrilled to announce the results of analyses from the new Lithium showing discovered during the winter drilling program, when two samples were taken. The results for these two samples show that a zone very rich in lithium and containing significant quantities of rare metals (rubidium, tantalum, beryllium, niobium and gallium) has been discovered on the Company's property. This discovery is in a zone more than 2.4 km northeast of the Rose showing and 2.5 km south of the Pivert showing.

The Pivert/Rose showing lies in a geological setting similar to that of the Cyr project belonging to Lithium One, both in terms of geology and mineralization. However, the dikes on First Gold's property contain more spodumene and a large amount of lepidolite (associated with rubidium). The various dikes intersected are open in all directions.

First Gold is in the process of compiling the results for hole LR-09-02, which should be released in the coming days. The Company believes that Lac Pivert/Rose lithium property is a lithium and rare metals prospect. Significant zones of lithium, rubidium, tantalum, niobium, beryllium and gallium have been intersected. The Company has asked the laboratory to assay the entire core of hole LR-09-02 (from surface to a depth of 78 metres)."

Conrad Clemiss, President of Brookemont stated, "We are optimistic that a deal to obtain contiguous acreage near this new lithium discovery will be completed by Brookemont. Management believes that lithium and associated REE's will command an increased market awareness in the future and the board will continue to develop the assets on hand as well as acquire any new assets that fit Brookemont's growth strategy."

Brookemont currently has 96 mineral claims prospective for lithium covering an area of approximately 3,800 acres located in Northern Ontario, 93 load quartz mineral claims covering an area of approximately 4,836 acres, located in the Yukon, bordering Underworld Resources Inc. and 6,687 acres in the Stewart Region of British Columbia. Brookemont currently only has 21,782,642 common shares outstanding.

If you would like to be added to Brookemont's news distribution list, please send your email address to info@brookemontcapital.com.

Conrad Clemiss, Chief Executive Director

Brookemont Capital Inc.

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

Contact Information