Lithic Resources Ltd. provided an update of its activities and reported that bench scale metallurgical testwork on mineralization from the Crypto project is well underway. Approximately two tonnes of sulphide mineralization were shipped to G&T Metallurgical Services Ltd. in Kamloops, B.C. A series of composites were constructed from these samples and are currently undergoing testing to develop and optimize a flotation treatment scheme for sulphide mineralization. Among other things, recoveries of zinc and copper will be assessed and the resulting concentrates will be assayed for potentially payable credits such as indium and gold. In addition, the possibility of producing a saleable magnetite concentrate as a byproduct of processing will be examined. Another program of metallurgical testwork on a bulk composite of oxide mineralization is being carried out by Kappes, Cassiday & Associates in Reno, Nevada. The test program includes detailed mineralogical analysis and a series of commercially proven leach and concentration tests to identify possible methods for processing the oxide zinc mineralization at Crypto.

Lithic Resources Ltd. announced that Mr. Helmut Wober has decided to step down from its company's board of directors.

Lithic Resources Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported loss for the period before foreign exchange gain was CAD 10,751 against CAD 7,685 a year ago. Net loss for the period was CAD 109,451 against CAD 80,175 a year ago. Cash used in operating activities was CAD 104,638 against CAD 127,449 a year ago. For the six months, the company reported loss for the period before foreign exchange gain was CAD 10,774 against loss for the period before foreign exchange loss of CAD 2,573 a year ago. Net loss for the period was CAD 309,062 or CAD 0.01 per share against CAD 126,618 a year ago. Cash used in operating activities was CAD 240,299 against cash from operating activities of CAD 40,994 a year ago.