Pure battery grade Lithium produced at Rodinia Lithiums Argentine Salar

RODINIA LITHIUM PRODUCES BATTERY GRADE LITHIUM CARBONATE OF OVER 99.45% PURITY

FOR IMMEDIATE RELEASE

• BATTERY GRADE LITHIUM CARBONATE PRODUCED WITH OVER 99.45% PURITY

• FURTHER WASHING OF PRODUCT AT INCREASED PRODUCTION RATES EXPECTED TO INCREASE PURITY TO 99.75%

• PROCESS AND COST STRUCTURE TO PRODUCE BATTERY GRADE LITHIUM CARBONATE REMAINS LARGELY THE SAME AS THAT REPORTED IN THE COMPANY’S PRELIMINARY ECONOMIC ASSESSMENT

• RODINIA CONTINUES TO WORK ON A REVISED RESOURCE ESTIMATE, ON THE OPERATION OF THE PILOT CYCLE, AND ON COMPLETING THE FEASIBLITY STUDY.  ALL MAJOR DRILLING AND CONSTRUCTION WORK IS COMPLETE

Toronto, Canada, October 16, 2012: Rodinia Lithium Inc. (TSX-V: RM; OTCQX: RDNAF) successfully produced lithium carbonate from the concentrated brine derived from the pilot ponds installed at its Diablillos property, located in Salta, Argentina.  This first batch of lithium carbonate achieved a purity of 99.45% Li2CO3, and can be further washed employing the same methods to 99.75% Li2CO3.  The process employed during the production of lithium carbonate is approximately the same as described in the Company’s Preliminary Economic Assessment (“PEA”) filed on SEDAR at www.sedar.com. 

William Randall, Rodinia’s President  & CEO, commented, “The production of battery grade lithium carbonate from brine concentrated on site is a major milestone for Rodinia.  This reflects on both the quality of our brine and that of our team, who has advanced this project through the initial phases with remarkable success.  This last achievement serves as further encouragement that our process design, as described in the PEA, can achieve high purity lithium carbonate production at the estimated costs.”

The brine was concentrated and treated on site at the Salar and then shipped to SGS Laboratories in Lakefield, ON.  The brine was then processed to prioritize lithium carbonate production following the flow sheet described in the PEA.  Further batches of concentrated brine derived from the pilot ponds will be available for further processing prior to completing a full cycle at pilot scale in the first quarter of 2013.  Completion of the pilot plant cycle is expected during the first quarter of 2013 and is expected to be the final component of the upcoming Feasibility Study.

William Randall added, “The next deliverable is expected to be the completion of an upgraded resource estimate that, in conjunction with the information gathered during operation of the pilot plant in Q1 2013, will form the basis of the Feasibility Study.  All drilling and major construction work has been completed on site, which means we can focus our resources on the optimization of our Feasibility Study.”

About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America.  The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.

Rodinia’s Salar de Diablillos lithium-brine project in Salta, Argentina, contains a recoverable resource of 2.82 million tonnes lithium carbonate equivalent and 11.27 million tonnes potassium chloride equivalent.  The project contains a recoverable inferred resource of 952,553,000 m3 grading 556 mg/L lithium and 6,206 mg/L potassium. Throughout 2012, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through feasibility study.

The Company also holds 100% mineral rights to approximately 15,000 acres in Nevada’s lithium-rich Clayton Valley in Esmeralda County, and is currently in the process of assessing the size, quality and processing alternatives of this deposit.  The Clayton Valley project is located in the only known lithium-brine bearing salt lake in North America, and looks to represent the only new source for domestic lithium carbonate supply.

The Projects are supervised by Ray Spanjers, Rodinia’s Manager of Exploration. Mr. Spanjers is considered a Qualified Person, as defined by National Instrument 43‐101 and has reviewed and approved the scientific and technical information contained in this press release.

Please visit the Company’s web site at www.rodinialithium.com or write us at info@rodinialithium.com.

	further information please contact
Investor Cubed Inc.	Aaron Wolfe Vice-President, Corporate Development
Investor Relations	Tel: +1 (416) 309-2696
Tel: +1 (647) 258-3311

Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”, “will” and include without limitation, statements regarding the anticipated effects of the results and the impact of such results upon the PEA, the timing with respect to future results, timing with respect to the completion of the PEA; the potential of the Diablillos property; the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements.  Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Related articles

• Rodinia Lithium Strengthens Ties to Salta, Argentina

China Closes Strategic Lithium Transaction in Latin America

10:04AM ET on Wednesday Jun 01, 2011 by Business Wire

In another sign of Latin America's growing strategic importance to China, SinoLatin Capital announced today the successful closing of Jiangxi Ganfeng Lithium Co. Ltd's ("Ganfeng Lithium") acquisition of 9.99% of International Lithium Corp. ("ILC") a company trading on the Canadian TSX Venture Exchange under the ticker symbol ILC. SinoLatin Capital served as advisor to ILC on the transaction. The strategic relationship agreement provides for, among other things, the right for Ganfeng Lithium to maintain and increase its percentage ownership in ILC, grants certain marketing and offtake rights and provides for ILC board representation.

Ganfeng Lithium is a China-based multi-product lithium manufacturer. It intends to provide ILC with significant current and future project development assistance capability including direct support towards the advancement of ILC's projects from both a financial and technical perspective.

This transaction highlights the strategic interests of Chinese firms in acquiring lithium exploration and mining operations in Latin America. In the past few years, demand for lithium has exploded along with the growth of lithium-ion battery technology in mobile phones, PDAs, laptops, and most recently electric vehicles. With global conservation efforts focusing on the mass production of environmentally-friendly electric vehicles, demand for lithium is projected to more than double by 2020. Most of the production needed to satisfy the market will come from the renowned South American 'Lithium Belt', an 800 by 300 km north-south strip centered on the junction of Argentina, Bolivia and Chile, which contains over 75% of the world's lithium reserves. 

"From our vantage point in Shanghai, we believe that China is looking to become a global leader in the production of electric vehicles. This requires that the country go outbound to secure lithium supplies. The most logical and prolific place to go is South America," notes Erik Bethel, Managing Partner of SinoLatin Capital. "We are very pleased to have assisted International Lithium Corp. in securing the strategic development capital from Ganfeng Lithium to capitalize upon this unique opportunity. We worked very closely with ILC and are delighted to participate in its success as the Company advances its core projects and fulfills its mission of becoming a leading international lithium and rare metals explorer and developer," stated Mr. Bethel.

"We are delighted to partner with Ganfeng Lithium. We believe that China as a global growth center will play a major role in the dramatic increase in future demand for lithium. And our continued relationship with Ganfeng will provide an essential avenue for ILC to meet these future demands and to build shareholder value today," said Mike Sieb, President of International Lithium Corp. "SinoLatin Capital was instrumental in helping ILC forge this strategic relationship with Ganfeng. It has positioned us as one of the more credible and emerging companies focused in lithium exploration and development," he added.

"Lithium is becoming an increasing vital element that will be essential in the development of sustainable technologies to curb global warming emissions," noted Wang Xiaoshen, General Manager of Ganfeng Lithium. "We look forward to having additional Lithium supply source in the future from ILC to meet our growing demand for Lithium element."

About Ganfeng Lithium

Ganfeng Lithium based in Xinyu, Jiangxi Province, China, is a producer of Lithium products. The Company has developed a comprehensive lithium product chain, including lithium metal and alloys, as well as lithium chemicals for the primary and secondary lithium battery market, pharmaceutical market, and new material industries. Ganfeng's principal market is in China. The Company also exports products internationally to Europe, Japan, the US and India. Ganfeng Lithium was founded in the year 2000, was listed on the Shenzhen Stock Exchange in August 2010. As of May 31, 2011 Ganfeng has a market capitalization of approximately US$562.6 million.

About International Lithium Corp. (ILC: TSX.V) 

International Lithium Corp. (www.internationallithium.com) is an international rare metals mineral exploration company possessing an outstanding portfolio of projects, strong management ownership, robust financial support and the acknowledgement of valuation from a prominent lithium product manufacturer. ILC currently has 9 active projects, well balanced between lithium brines in Argentina and Nevada and rare metals hard-rock pegmatites in Canada and Ireland. The Company's primary focus is the Mariana lithium brine project in Argentina, a salar or 'salt lake', covering an expansive 160 km2, strategically encompassing the entire basin and ranking as one of the more prospective salars in the renowned South American 'Lithium Belt'. ILC's mandate is to increase shareholder value through aggressive advancement of its core projects and source joint venture partners to expand the scope and diversify risk of its exploration efforts.

About SinoLatin Capital

SinoLatin Capital (www.sinolatincapital.com) is the premier investment platform between China and Latin America. It is a financial advisory and private equity firm that creates value for clients and investors while encouraging sustainable economic development in both regions. Headquartered in Shanghai's financial district and with offices in New York and Lima, Peru, SinoLatin Capital is the first merchant-banking firm focused exclusively on cross border transactions between China and Latin America.

SOURCE: SinoLatin Capital

Latin American Minerals consolidates burgeoning gold property in Paraguay.

Image via Wikipedia  Nov 2010 by Marketwire

Latin American Minerals Consolidates 100 Square km Epithermal Gold System by Acquiring 70% Interest in Minera Guaira Trend

 Latin American Minerals Inc. (TSX VENTURE: LAT) (the "Corporation") announces that it has exercised its option to acquire a 70% interest in the mining license (the "License") held by Minera Guaira S.A. ("Minera Guaira") near Paso Yobai, Paraguay.

Upon Minera Guaira receiving final government approval to the transfer of this 70% interest in the License to the Corporation's Paraguayan wholly owned subsidiary, the Corporation is required to release from escrow the final option payment to Minera Guaira of approximately US$1.26 million, expected to occur within 45 days. The parties will then enter into a 70/30 joint venture agreement with the Corporation as operator. The party that does not contribute its pro-rata share of costs will be diluted on a straight line basis. The party whose interest is diluted to 15% or less will automatically be reduced and converted to a 1% interest (this interest is required under the terms of the License and is to be non-participating) and will receive a 3% net smelter returns royalty.

The property that is subject to the License, and which is fully permitted for mining, covers the "Discovery Trend" where the Corporation has excavated 11 mechanical trenches comprising 450 metres and 47 diamond drill holes totalling 6,600 metres, returning up to 26.6 gpt gold over 6.5 metres. This work has confirmed the continuity of the gold mineralization to a depth of 100 metres and remains open to depth. Sampling is currently in progress in order to better quantify the grades and potential gold recovery values that can be expected for this deposit, using a laboratory scale rod mill and Falcon L40 gravity concentrator.

The Corporation also holds 100% of the exploration concessions to the north of the Discovery Trend (the "Northern Trend"), where initial auger hole testing has demonstrated gold values similar to those of the Discovery Trend. The two trends combined produce a large footprint gold system measuring approximately 9 km x 11 km, or approximately 100 square kilometers.

Miles Rideout, the President and CEO of Latin American Minerals stated 'This is a very positive step to consolidate the properties of this extensive, emerging epithermal gold system. The support we have consistently received from Minera Guaira during the 3 1/2 years of our Option Agreement is acknowledged and appreciated.'

In conjunction with the decision to exercise the option with respect to the License, the Corporation formally terminated the option agreement with Minas Paraguay S.A. in connection with its mining license following a careful review of the exploration results on this property.

The Corporation further announces the grant of stock options to acquire 1.1 million common shares to its Chairman Richard Boulay. The stock options are exercisable at $0.18 per share, with a term of five years and subject to the Corporation's standard vesting schedule.

Dr. Waldo Perez is the Corporation's internal "Qualified Person" under the requirements of National Instrument 43-101.

About the Company:
Latin American Minerals is a mineral exploration company that intends to develop its large Paso Yobai gold project in Paraguay.

The statements made in this press release that are not historical facts contain forward-looking information that involves risk and uncertainties. All statements, other than statements of historical facts, which address Latin American Minerals' expectations, should be considered forward-looking statements. Such statements are based on management's exercise of business judgment as well as assumptions made by and information currently available to management. When used in this document, the words "may", "will", "anticipate", "believe", "estimate", "expect", "intend" and words of similar import, are intended to identify any forward-looking statements. You should not place undue reliance on these forward-looking statements. These statements reflect our current view of future events and are subject to certain risks and uncertainties as contained in Latin American Minerals' filings with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results could differ materially from those anticipated in these forward-looking statements. We undertake no obligation, and do not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of any unanticipated events, unless required under applicable securities laws. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Latin American Minerals Inc.
Miles Rideout
President and CEO
Argentina: (54-261) 439-9268
Toronto: (1-416) 902-8558 or 360 1921
www.latinamericanminerals.com

SOURCE: Latin American Minerals Inc. 

 Notes:
 Latin American Minerals (CVE-LAT) owns 25% of  Lithium Americas Corp (CVE-LAC)