Strategic Chinese investors jumping on junior Lithium plays!

TNR Gold Corp. TSX VENTURE: TNR

International Lithium Corp.

Apr 18, 2011 08:30 ET

TNR Gold Corp.: Jiangxi Ganfeng Lithium Co. Ltd. Board Approves Strategic Investment in International Lithium Corp.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 18, 2011) - TNR Gold Corp. ("TNR") (TSX VENTURE:TNR) and wholly-owned International Lithium Corp. ("ILC") (jointly the "Company") are pleased to announce that Jiangxi Ganfeng Lithium Co. Ltd. ("Ganfeng Lithium"), a leading China based multi-product lithium manufacturer, has received approval from its board of directors, to an initial strategic investment consisting of a 9.9% equity stake in International Lithium Corp.

Key Highlights:

• Jiangxi Ganfeng Lithium Co. Ltd. a prominent lithium product manufacturer selects ILC as investment;
• Initial 9.9% equity stake in ILC;
• Ganfeng Lithium brings significant current and future project development assistance capability;
• Strategic Relationship Agreement between a wholly-owned subsidiary of Ganfeng Lithium and ILC provides for certain Marketing and Offtake rights and ILC Board representation; and
• Company focused on closing of Plan of Arrangement with Record Date to be set shortly.

"We welcome Ganfeng Lithium as a strategic investor in International Lithium with a prime directive to support the advancement of our core projects and ultimately as an integral member to assist us in realizing our goal to become a recognized international lithium and rare metals explorer and developer" states Mike Sieb, President International Lithium Corp.