FAT Foremost Lithium Resource and Technology Ltd

Far Resources Ltd. (CNSX:FAT) ("Far" or "the Company") has entered into a
binding, arm's length letter of intent (the "LOI") to acquire an initial 50%
interest in and to 217 unpatented and 2 patented mineral claims located in New
Mexico, U.S.A. known as the "Winston Property" (the "Property") from Redline
Minerals Inc. ("Redline"). 


Redline is a private mineral exploration company based in Vancouver, B.C. which
has entered into an agreement with Redline Resources Inc. ("RRI"), a capital
pool company listed on the TSX Venture Exchange (the "TSXV"), pursuant to which
RRI has agreed to acquire all of the issued and outstanding shares of Redline as
its "qualifying transaction" for the purposes of the CPC policy of the TSXV. 


Under the LOI, the Company has the option to acquire an initial 50% interest in
the Property (the "Initial Option") by making cash payments to Redline totaling
$50,000, of which a non-refundable deposit of $10,000 has been paid to date. An
additional $25,000 is payable upon completion of a satisfactory site visit and
due diligence review by the Company and a further $15,000 upon execution of a
definitive agreement.


In addition, the Company is required to pay a further $320,000 cash ($80,000 per
year) to cover applicable assessment/recording fees, taxes and underlying
property payments, issue a total of 2,500,000 common shares of the Company to
Redline (500,000 shares per year, with the first tranche due on closing) and
incur exploration expenditures totaling $1,500,000 over a period of four years,
of which $200,000 is to be spent in the first year.


Upon exercise of the Initial Option, the Company will have the further option,
exercisable for a period of 90 days, to acquire up to an additional 30% interest
in the Property (the "Additional Option"), in increments of 10% per annum, by
paying an additional $80,000 per year to cover ongoing assessment/recording
fees, taxes and underlying property payments (up to $240,000 in total), issuing
an additional 500,000 common shares per year to Redline (up to 1,500,000 shares
in total) and incurring a further $500,000 in exploration expenditures per year
(up to $1,500,000 in total) on the Property over a period of 3 years.


During the term of the Initial Option and, if applicable, the Additional Option
(collectively the "Option"), FAR shall be the operator of all exploration
programs on the Property and shall have the right to determine, in its
discretion, the location, nature and type of exploration work to be carried out
on the Property.


Upon exercise of the Option, the Company and Redline will enter into a joint
venture agreement for the further exploration and development of the Property
with the Company as the initial operator thereof.


The LOI is subject to a number of conditions precedent including the completion
of an initial site visit and due diligence review by the Company, the completion
of an equity financing by the Company and the receipt of applicable regulatory
approvals including the acceptance of the LOI as part of RRI's qualifying
transaction with the TSXV. 


The Company may pay a finder's fee in connection with the LOI in accordance with
the policies of the Canadian National Stock Exchange.


Separate and apart from the Option, the Company and Redline have also agreed,
subject to a satisfactory due diligence review by the Company, to enter into a
separate joint venture agreement for the ownership and development of any and
all stockpiled ore, tailings or dumps currently located on the Property on a
50/50 cost and profit sharing basis.


The Winston Property is located in the Black Range Mining District of
southwestern New Mexico, and is road accessible from Interstate 25 and secondary
forest access roads. The Property covers several known gold-silver occurrences
and past producing mines, with mineralization typically occurring as gold and
silver-bearing epithermal quartz veins cutting Tertiary volcanic rocks. This
style of mineralization is similar to that in the historic Creede, Comstock and
Tonopah precious metal mining districts and given the lack of documented recent
exploration activity represents a very attractive target.


The technical content of this news release has been reviewed by Lindsay
Bottomer, P.Geo., a director of the Company and a Qualified Person as defined in
National Instrument 43-101.


About the Company

Far Resources Ltd. is an exploration company, publicly traded on the Canadian
National Stock Exchange, focused on the identification and development of high
potential mineral opportunities. To date, the Company has acquired two
attractive projects in Northern British Columbia: the Silver Switchback and the
Tchentlo. Both have returned encouraging gold, silver, and copper values.


ON BEHALF OF THE BOARD OF DIRECTORS OF FAR RESOURCES LTD. 

Keith C. Anderson, President

The Canadian National Stock Exchange has neither approved nor disapproved the
contents of this news release and accepts no responsibility for the adequacy or
accuracy hereof.


This news release contains forward-looking statements, which relate to future
events or future performance and reflect management's current expectations and
assumptions. Such forward -looking statements reflect management's current
beliefs and are based on assumptions made by and information currently available
to the Company. Readers are cautioned that these forward looking statements are
neither promises nor guarantees, and are subject to risks and uncertainties that
may cause future results to differ materially from those expected. Specifically,
the LOI is subject to numerous conditions precedent to closing including the
completion of a satisfactory site visit and due diligence review by the Company
and regulatory approvals. There are no assurances that all conditions precedent
will be satisfied or waived or that the acquisition of the Property will be
successfully completed on the terms and conditions contemplated herein or at
all. Additionally, the Option is subject to the Company completing an equity
financing in an amount not less than the first year's cash payments and
exploration expenditures and there are no assurances that the Company will be
successful in completing such financing on commercially reasonable terms or at
all. All of the forward-looking statements made in this news release are
qualified by these cautionary statements and those in our continuous disclosure
filings available on SEDAR at www.sedar.com. These forward-looking statements
are made as of the date hereof and the Company does not assume any obligation to
update or revise them to reflect new events or circumstances save as required
under applicable securities legislation. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Far Resources Ltd.
Keith Anderson
(604) 805-5035

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