TECHNICAL REPORT on the TRES QUEBRADAS LITHIUM PROJECT Catamarca Province, Argentina Prepared for: POCML 3 INC. and 130 KING STREET WEST SUITE 2210 33 BAY STREET, SUITE 2400, TORONTO, ONTARIO TORONTO, ONTARIO M5X 1E4 CANADA M5H 2T6 CANADA Prepared by: Mark King, Ph.D., P.Geo., F.G.C. A CANADIAN PROFESSIONAL GEOSCIENTIST REGISTERED WITH THE ASSOCIATION OF PROFESSIONAL GEOSCIENTISTS OF NOVA SCOTIA GROUNDWATER INSIGHT INC. 3 MELVIN ROAD, HALIFAX, NOVA SCOTIA B3P 2H5 CANADA EFFECTIVE DATE: JUNE 6, 2016 TABLE OF CONTENTS SUMMARY ...................................................................................................................... 1 S1 – INTRODUCTION ........................................................................................................... 1 S2 – RELIANCE ON OTHER EXPERTS ................................................................................ 1 S3 – PROPERTY DESCRIPTION AND LOCATION .............................................................. 2 S4 – ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY .................................................................................................................. 3 S5 – HISTORY ....................................................................................................................... 4 S6 – GEOLOGICAL SETTING AND MINERALIZATION ........................................................ 4 S7 – DEPOSIT TYPES .......................................................................................................... 5 S8 – EXPLORATION ............................................................................................................. 5 S9 – DRILLING ...................................................................................................................... 5 S10 – SAMPLING METHOD AND APPROACH ..................................................................... 6 S11 – SAMPLE PREPARATION, ANALYSES AND SECURITY ............................................ 6 S12 – DATA VERIFICATION ................................................................................................. 6 S13 – MINERAL PROCESSING AND METALLURGICAL TESTING ..................................... 6 S14 – MINERAL RESOURCE ESTIMATES ........................................................................... 7 S15 – ADJACENT PROPERTIES .......................................................................................... 7 S16 – OTHER RELEVANT DATA AND INFORMATION ........................................................ 7 S17 – INTERPRETATION AND CONCLUSIONS .................................................................. 7 S18 – RECOMMENDATIONS ................................................................................................ 8 1 – INTRODUCTION ....................................................................................................... 9 1.1 Authorization and Purpose ............................................................................................... 9 1.2 Sources of Information ..................................................................................................... 9 1.3 Scope of Personal Inspection ........................................................................................... 9 1.4 Special Considerations for Brine Resources....................................................................10 1.5 Units and Currency ..........................................................................................................13 2 – RELIANCE ON OTHER EXPERTS ......................................................................... 14 3 – PROPERTY DESCRIPTION AND LOCATION ....................................................... 15 3.1 Location ..........................................................................................................................15 3.2 Description ......................................................................................................................15 3.3 Type of Mineral Tenure ...................................................................................................19 3.4 Royalties .........................................................................................................................19 3.5 Environmental Liabilities ..................................................................................................20 3.6 Permits ............................................................................................................................20 3.7 Aboriginal Communities ..................................................................................................20 3.8 Site Access Risk Factors .................................................................................................20 4 – ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY.......................................................................................................... 23 4.1 Accessibility.....................................................................................................................23 4.2 Climate ............................................................................................................................23 4.3 Local Resources .............................................................................................................24 4.4 Infrastructure ...................................................................................................................24 4.5 Physiography ..................................................................................................................24 Technical Report on the Tres Quebradas Lithium Project , Catamarca Province, Argentina i 5 – HISTORY ................................................................................................................ 28 6 – GEOLOGICAL SETTING AND MINERALIZATION ................................................. 29 6.1 Regional Geology ............................................................................................................29 6.2 Property Geology ............................................................................................................29 6.3 Mineralization ..................................................................................................................36 6.4 Surface Water .................................................................................................................38 6.5 Groundwater ...................................................................................................................38 6.6 Water Balance .................................................................................................................40 7 – DEPOSIT TYPES .................................................................................................... 41 8 – EXPLORATION ....................................................................................................... 43 8.1 Overview .........................................................................................................................43 8.2 Surface Brine Sampling Program ....................................................................................43 8.3 Data Processing ..............................................................................................................52 9 – DRILLING ................................................................................................................ 54 10 – SAMPLING METHOD AND APPROACH .............................................................. 54 10.1 Background ...................................................................................................................54 10.2 Surface Brine Sampling Method ....................................................................................54 11 – SAMPLE PREPARATION, ANALYSES AND SECURITY ..................................... 57 11.1 Overview .......................................................................................................................57 11.2 Sample Preparation .......................................................................................................57 11.3 Brine Analysis ...............................................................................................................57 11.4 Field QA/QC Program ...................................................................................................58 11.5 Independent QA/QC Program .......................................................................................62 11.6 Laboratory QA/QC Program ..........................................................................................62 11.7 Sample Security ............................................................................................................62 12 – DATA VERIFICATION ........................................................................................... 66 13 – MINERAL PROCESSING AND METALLURGICAL TESTING .............................. 67 14 – MINERAL RESOURCE ESTIMATES .................................................................... 70 15 – ADJACENT PROPERTIES ................................................................................... 70 16 – OTHER RELEVANT DATA AND INFORMATION ................................................. 71 17 – INTERPRETATION AND CONCLUSIONS ........................................................... 71 18 – RECOMMENDATIONS ........................................................................................