Lithic Intersects 16.76 Metres of 0.432% MoS2 at Crypto

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/27/09 -- Lithic Resources Ltd. (TSX VENTURE: LTH) (the "Company") is pleased to report additional molybdenum assay results from its Crypto skarn-hosted zinc-indium-copper-molybdenum project located in western Utah. Hole C08-13A was drilled into a large gap in historical drill coverage within the deep sulphide zone and essentially constituted a 70 metre step-out from historical hole CCC-6A. Hole C08-14 was drilled as a 100 metre westerly stepout from the margin of the deep sulphide zone. Zinc, copper and indium results for these holes will be published shortly.

Highlights

- a 36.58 metre wide intercept of skarn-hosted molybdenite mineralization grading 0.287% MoS2 in hole C08-14, including an interval grading 0.432% MoS2 over 16.76 metres

- several intercepts of skarn and intrusive hosted molybdenite mineralization grading better than 0.1% MoS2 in hole C08-13A, including 11.28 metres at 0.232% MoS2,

The following table lists the more significant intersections for these holes:

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Hole      From (m)    To (m)    Metres    % MoS2
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C08-13A    712.32    725.42      13.10     0.157
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" "        759.26    763.83       4.57     0.114
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" "        779.68    807.11      27.43     0.150
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incl       795.83    807.11      11.28     0.232
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C08-14     499.26    535.84      36.58     0.287
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incl       514.35    531.11      16.76     0.432
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C08-14     721.00    732.43      11.43     0.228
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Molybdenite mineralization at Crypto has been found over an area of about 500 metres by 300 metres, both as disseminations in skarn and in porphyry-style quartz-pyrite veinlets in clay-altered quartz monzonite. Its widespread distribution suggests that zinc-indium-copper and silver-lead mineralization on the Crypto property may represent classic peripheral mineralization associated with a large, underlying, zoned porphyry molybdenum system, the core of which remains to be found.

Since a number of current and historical molybdenite-bearing intercepts are relatively high grade, the possibility also exists of a relatively small but high grade and high value molybdenum deposit which could be mineable through a single shaft, were it to be developed, on the zinc-indium-copper skarn deposit. Either case represents a prime objective for further drilling on the property.

Chris Staargaard, M.Sc., P.Geo., is the Qualified Person for Lithic and has reviewed and approved the contents of this news release. A plan and selected sections illustrating the locations of holes reported to date are available at www.lithicresources.com.

LITHIC RESOURCES LTD.

C.F. Staargaard, President and CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.