Oct 31 (Reuters) - Surge Exploration Inc SUR.V :
* SURGE EXPLORATION ENTERS INTO MOU FOR AN OPTION TO ACQUIRE INCAHUASI LITHIUM PROJECT IN THE ANTOFAGASTA REGION OF CHILE
* SURGE EXPLORATION - MOU REQUIRE SURGE TO MAKE CASH AND COMMON SHARE PAYMENTS $2.22 MILLION, MAKE CERTAIN WORK AND DEVELOPMENT COMMITMENTS DURING TERM
* SURGE EXPLORATION INC - DEAL FOR AN OPTION TO ACQUIRE UP TO 100% OF INCAHUASI LITHIUM PROJECT IN PROLIFIC ANTOFAGASTA MINING REGION IN NORTHERN CHILE