Tucana Lithium Renews 71 Mineral Claims on the Abigail Property

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LAS VEGAS, March 13, 2012 (GLOBE NEWSWIRE) — Tucana Lithium Corp. (OTCQB:TUCA) wishes to announce the Company has renewed 71 mineral claims on the Abigail property based upon the exploration work reported in the summer of 2011. These claims will expire between March and May 2014. In addition, the Company has dropped 85 mineral claims located on the northern perimeter of the property. The Company’s decision was based upon the results from the exploration program in the summer 2011 and a review of the airborne magnetic survey. The majority of the claims are located in the Lac des Montagnes volcano-sedimentary formation, and its immediate surrounding area. This is the most fertile ground in the area, and resembles the Abitibi greenstone volcano-sedimentary formations. The Company believes it has kept the most promising portion of the Abigail property based upon the geology reports.

The Company is also now in the final stage of securing an additional 37 mining claims. These targets show magnetic anomalies for kimberlite based upon the airborne magnetic survey released in October 2011.

Furthermore, the Company has retained the services of Gestion SDM Inc. to represent the Company and manage all of the Company’s mineral claims with the Department of Natural Resources in Quebec.

The Company’s main focus at this time is to raise capital for Phase II of the exploration campaign. The Company will review the survey and begin to coordinate and plan Phase II of the exploration campaign once the funds are secured.

The Company’s main exploration focus is the Abigail Lithium Property located in the James Bay, Quebec region of Canada. The property now consists of 220 map-designated cells totaling approximately 11,500 hectares within and adjacent to Nemaska Lithium’s Whabouchi discovery.