09:53 AM EDT, 04/19/2018 (MT Newswires) -- Cameo Resources Corp. (CRU.V) today commented on Orion Mine Finance II LP and Nemaska Lithium Inc.'s (NMX.TO) US$150 million streaming agreement. Nemaska Lithium holds the Whabouchi Lithium deposit claims, which extend to within 1 km of Cameo's Montagne Lake Property in central Quebec.

Briefly, the streaming agreement provides for the sale and delivery to Orion of 14.5% of all lithium hydroxide and lithium carbonate produced at the Shawinigan plant and sold to third parties.

Cameo's Whabouchi Regional Lithium Project in Quebec covers more than 19,000 ha in two blocks on either side of Nemaska's proposed Whabouchi lithium mine including Cameo's 4,484 ha Montagne Lake Property immediately to the west of Nemaska's proposed Whabouchi lithium mine, and the Dumont Property 6 km to the east.

Cameo's CEO, Akash Patel states, "Yet another strategic investment will signal the significance of the Whabouchi region to the energy metals sector. Cameo looks forward to building on the momentum of this recent announcement with a meaningful spring exploration campaign."

Cameo cautioned that while Nemaska Lithium's proposed mine at Whabouchi is proximal to Cameo's WRL Project, the spodumene lithium mineralization on Nemaska's ground is not necessarily indicative of similar mineralization on Cameo's property.

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