BLAZE MINERALS LIMITED(BLZ)

The suspension of trading in the securities of Blaze Minerals Limited will be lifted immediately following the release by BLZ of an announcement regarding the outcome of a placement.

he North Spirit Lithium Project is strategically located in Ontario's "˜Electric Avenue' in the Red Lake Region. The North Spirit Lithium Project comprises 1,698 claims for approximately 340 square kilometres, located 30 kilometres along strike to the southeast from Frontier Lithium's world class PAK and Spark Lithium Project. Frontier Lithium recently reported an intercept of 398m @ 1.88% Li2O1, including 23m @ 3.12% Li2O2. Frontier Lithium has reported mineral resources on two deposits, the PAK Deposit (7.2 Mt @ 1.8% Li2O Measured & Indicated3, 2.8 Mt @ 2.22% Li2O Inferred)4 and Spark Deposit (18.8 Mt @ 1.5% Li2O Indicated, 29.7 Mt @1.3% Li2O Inferred)5 and is working towards a production scenario. Exiro has an experienced management team in the Region and an advanced and positive relationship with Indigenous Committees and in conjunction with Blaze will assume in country exploration management of the Project. Advanced and favourable access and infrastructure inclusive of the Wataynikaneyap Power Project and Bear Skin Commercial Airport. Initial field activities will target two-mica granite pegmatites defined in regional Ontario Geological Survey mapping which compare favourably to 2001 results of Frontier Lithium's PAK deposit. Whole rock analysis of the litho-geochemical data reveals multiple areas of fractionation and enrichment in key volatile elements, a precursor to lithium mineralisation.

The securities of Blaze Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of BLZ, pending the release of an announcement regarding the outcome of a placement.

name changed from Blaze International Limited