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2006



March 20, 2006

Lithic Resources Ltd. (LTH-TSX Venture) (the “Company”) wishes to announce that it intends to raise funds by way of a non-brokered private placement of up to 1.6 million units at a price of $0.25 per unit for total proceeds of up to $400,000.  Each unit will consist of one common share of the Company and one non-transferable share purchase warrant.  Each warrant will entitle the placee to acquire one additional common share of the Company for a period of twenty-four months at an exercise price of $0.35 during the first year and an exercise price of $0.50 during the second year.  The units issued on the offering will be subject to a four-month hold period.

The proceeds of the private placement will be used to initiate exploration at the Company’s advanced Crypto zinc project in Utah and its Stoke Mountain base metal project in Quebec as well as for working capital.

The placement is subject to acceptance by the TSX Venture Exchange.

For further information please contact Chris Staargaard at 604-687-7211 or visit www.lithicresources.com.

LITHIC RESOURCES LTD.
“C.F. Staargaard”
                                               
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.

Not for distribution to the United States News Wire Service or for dissemination in the United States.