Canada Lithium now in Continuous production mode

Canada Lithium Posts Milestone Achievement with First Continuous Lithium Carbonate ProductionTSX: CLQ; U.S. OTC: CLQMF
Canada Lithium Corp. ("Canada Lithium" or the "Company") (TSX: CLQ) (U.S. OTC: CLQMF) is pleased to announce that continuous production of lithium carbonate has been achieved for the first time, as commissioning proceeds through the latter stages at the Company's open-pit mine and processing plant near Val d'Or, Québec. While previous production was achieved in batch-style fashion, all circuits in the process plant, from the crusher through to the final bagging station for lithium carbonate, are operating on a continuous basis.
Day-shift mining operations, temporarily suspended in July, have been reinstated in order to rebuild the ore stockpile depleted over the past quarter. As noted previously, crushing, grinding, concentrator and kiln circuits are operational and will be sequentially stepped-up to design capacity over the coming months. Commissioning of the hydrometallurgical circuit continues to proceed as per the revised timetable, and lithium carbonate product is being packaged on-site.

Throughout the commissioning phase, the Company has continued to monitor working capital levels. Product shipments to Tewoo in China are currently scheduled to commence within the coming weeks. Please log-in to http://www.canadalithium.com/s/PhotoGallery.asp to view the most recent stages of carbonate production.

About Canada Lithium Corp.
The Company holds a 100% interest in the Québec Lithium Project near Val d'Or, the geographical heart of the Québec mining industry. It has completed construction and is in the commissioning phase of an open-pit mine and on-site processing plant with estimated capacity to produce approximately 20,000 tonnes of battery-grade lithium carbonate annually. Metallurgical tests have produced battery-grade lithium carbonate samples. A five-year off-take agreement for a minimum of 12,000 tonnes per year has been signed with Tewoo-ERDC, one of China's larger commodities traders. A second off-take for up to 5,000 tonnes per year has been signed with Marubeni Corp., a major Japanese commodities trading company. Lithium carbonate is used in lithium-ion batteries that power consumer electronics (laptops, tablets, etc.), power-grid storage facilities and electric and hybrid vehicles. For more information regarding the Company, please refer to the Company's public filings available at www.sedar.com and www.canadalithium.com including, in particular, the Company's Management's Discussion and Analysis for the year ended December 31, 2012 and its Annual Information Form for the year ended December 31, 2012 and the Management's Discussion and Analysis for the three-month and six-month periods ended June 30, 2013. The Company trades under the symbol CLQ on the TSX and on the U.S. OTCQX under the symbol CLQMF.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking information is based upon the Company's beliefs, estimates and opinions as at the date of this press release, which the Company believes are reasonable, but no assurance can be given that these will prove to be correct. Furthermore, the Company undertakes no obligation to update or revise forward-looking information contained herein if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
Forward-looking information relates to future events or to future conditions, performance or results of operations and reflects current expectations or beliefs regarding such matters including, but not limited to, information or statements with respect to the use of proceeds, in addition to the following: (i) the amount of mineral resources; (ii) exploration, development and production activities, including information regarding the potential mineralization and resources; (iii) the amount of future output over any period; (iv) net present value and internal rates of return of the mining operation; (v) assumptions relating to capital costs, operating costs and other cost metrics; (vi) assumptions relating to gross revenues, operating cash flow and other revenue metrics; (vii) assumptions relating to future price and demand for lithium and other macroeconomic metrics; (viii) exploration and development plans, including anticipated costs and timing thereof, time frames for completion, and anticipated time to production; (ix) mine potential and expected mine life; and * sources of and anticipated financing requirements.
All information other than matters of historical fact may be forward-looking information. In some cases, forward-looking information can be identified by the use of words such as "seek", "expect", "anticipate", "budget", "plan", "project", "estimate", "assume", "continue", "forecast", "intend", "believe", "predict", "potential", "target", "strategy", "goal", "may", "could", "would", "might", or "will" and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook.
Forward-looking information is based upon certain assumptions by the Company or its consultants and other important factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by such information. Such information is based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of lithium, anticipated costs and ability to achieve goals. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking information include, but are not limited to: (i) required capital investment and estimated workforce requirements; (ii) estimates of net present value and internal rates of return; (iii) future demand and market prices for lithium; (iv) receipt of regulatory approvals on acceptable terms within commonly experienced time frames; (v) anticipated timelines for the commencement of production; (vi) anticipated timelines for community consultations and the impact of those consultations on the regulatory approval process; and (vii) future exploration plans and objectives.
By its nature, forward-looking information involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to differ materially from those expressed or implied by such forward-looking information. Some of the risks and other factors that could cause actual results to differ materially from those expressed in the forward-looking information contained in this press release include, but are not limited to, risks and uncertainties relating to: assumptions regarding the going concern of the Company, the Company's ability to continue to satisfy its interest payment obligations under its outstanding convertible debentures, the ability of the Company to comply with its financial ratio covenants in its debt facility and to better align its debt facility repayment obligations with its revised project schedules, successful and timely commissioning, ramp-up and production at the Québec Lithium Project in accordance with the project's revised schedules, the lack of any further significant capital expenditures during the commissioning stage or to bring the hydrometallurgical process plant into production, timely lithium carbonate delivery of acceptable quality to the Company's off-take partners in accordance with the off-take agreements, the continuing support and cooperation of the Company's off take partners, and the achievement of breakeven cash flow as projected, in addition to the following: (i) the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations; (ii) results of feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, (iii) the outcome of litigation in which the Company is or may in the future become involved; (iv) risks relating to possible variations in reserves, grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined; (v) mining and development risks, including risks related to accidents, equipment breakdowns, labor disputes (including work stoppages and strikes) or other unanticipated difficulties with or interruptions in exploration and development; (vi) risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; (vii) risks related to future commodity demand and price and foreign exchange rate fluctuations; (viii) the uncertainty of profitability based upon the cyclical nature of the industry in which the Company operates; (ix) risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals or in the completion of development or construction activities; * risks related to environmental regulation and liability; (xi) political and regulatory risks associated with mining and exploration; (xii) risks related to the uncertain global economic environment; and (xiii) other risks and uncertainties related to the Company's prospects, properties and business strategy.
Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in the forward-looking information, investors and others are cautioned that this list is not exhaustive and there may be other factors that the Company has not identified. Readers are cautioned not to place undue reliance on forward-looking information contained in this press release. All forward-looking information contained in this press release or incorporated by reference herein is expressly qualified by this cautionary note.
For more information on the risks, uncertainties and assumptions that could cause the Company's actual results to differ from current expectations, please refer to the Company's public filings available at www.sedar.com and www.canadalithium.com including, in particular, the "Risks and Uncertainties section of the Company's Management's Discussion and Analysis and the "Risk Factors" section of the Company's Annual Information Form for the year ended December 31, 2012 .
SOURCE Canada Lithium Corp.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/November2013/18/c8250.html
SOURCE: Canada Lithium Corp.

Peter Secker, CEO and Deputy Chairman (416) 361-2821   Olav Svela, Director, Investor
Relations (416) 361-2821 or (416)  479-4355 osvela@canadalithium.com   Laurence A.
Lachance, Renmark Financial Communications Inc. (416)  644-2020
llachance@renmarkfinancial.com   Please visit the Canada Lithium website
atwww.canadalithium.com   You can also follow us on Facebook and Twitter. Corporate
Office: 401 Bay Street, Suite 2010, Box 118, Toronto, ON, M5H  2Y4

International Lithium Corp. Reports High Grade Lithium and a New Exploration Target

Feb 19, 2013 Vancouver B.C. February 19, 2013: International Lithium Corp. ("ILC" or the "Company") (ILC: TSX-V) is pleased to announce lithium and associated rare metal assay results from the first eleven (11) holes of the Company's recent drill program on the pegmatite field spanning the Company's contiguous Mavis Lake and Fairservice claims near Dryden, Ontario. Assays are pending for the remaining 8 holes.

Key Highlights:
1.51% Li2O over 21.40m (incl.2.37% Li2O over 9.2m) intersected in drill hole MF12-24
1.51% Li2O over 6.20m intersected in drill hole MF12-25
2.53% Li2O over 6.0m occurring at surface in drill hole MF12-28 

"In addition to the assay results, we report observing a wide alteration halo surrounding and between the pegmatites containing a lithium bearing mineral holmquistite. This halo is strikingly wider than expected and indicates the possibility of a larger, undiscovered pegmatite body at depth. The next phase of the exploration program will be designed to develop drill targets for testing this model. This new data, supported by a review of historical geophysical and lithogeochemical surveys has changed our targeting from shallow mineralization to more substantial targets at depth" comments John Harrop, VP Exploration.

Holmquistite is a lithium mineral found in rocks hosting lithium bearing pegmatites, immediately adjacent to contacts with the pegmatites. Holmquistite is a valuable exploration indicator towards the discovery of hidden Lithium rich pegmatites. Typically, holmquistite is found within a few metres from the pegmatite contact, but on the Property it is observed up to 10s of metres from the pegmatite contacts. This exceptionally wide alteration suggests that the substantial volume of lithium, which permeated the rocks, may derive from a larger, deeper pegmatite body or pegmatite system than has yet to be discovered.

 Recent Drill Program
  The objective of the 19 hole, 2,075 metre drill program carried out on the Fairservice/Mavis Lake project from November to December in 2012 was to continue testing the subsurface continuity along strike and down dip of significant pegmatite intersections from historical and 2011 drilling. Extensive structural, geological, geochemical and geophysical interpretation of both new and historical data was utilized to co-ordinate drilling this year and to better interpret the orientation and distribution of pegmatite bodies for this and future exploration programs.

The following table reports the highlighted intersections with Li₂O (%) and Rb (ppm) reported to date:

Hole	From (m)	To (m)	Length*	Li2O (%)	Rb (ppm)
MF12-21	103.65	107.35	3.70	1.31	2397
MF12-24	151.35	174.75	21.40	1.51	1915
Incl.	165.55	174.75	9.20	2.37	1530
MF12-25	129.65	135.85	6.2	1.51	2308
MF12-28	6.00	12.00	6.00	2.53	2663
MF12-30	33.70	36.05	2.35	1.33	2135
and	36.95	41.05	4.10	1.23	2135

* All widths reported are drill core widths and have not been converted into true width.

Within the Mavis Lake pegmatite field, significant mineral and metal zonation indicates its highly evolved history. As a result, significant values for metals of interest are often in adjacent zones with limited overlap, which prevents a simple table of results.

The following table includes intervals of significant Tantalum values from MF12-21 through MF12-30:

Hole	From (m)	To (m)	Length(m)*	Ta (ppm)	Ta2O5%
MF12-24	151.35	152.8	1.45	350.0	0.042
MF12-15A	144.0	144.5	0.5	300.0	0.036
and	146.00	148.45	2.45	301.8	0.036
MF12-27	26.15	27.65	1.50	340.0	0.041
and	51.40	52.90	1.50	325.0	0.039
MF12-30	51.95	52.55	0.60	347.0	0.042

* All widths reported are drill core widths and have not been converted into true width.

The majority of these holes were oriented perpendicular to the surface trace of mapped pegmatites on the property. New information from this drilling program indicates that many individual pegmatites have a more variable dip to the north than was previous realized. Consequently, most of the holes were drilled south. Several bands of pegmatites cross the Property, but only one band, the Central band, has a significant number of outcrops and has been the target of the majority of both the Company's and historical drilling.

Northern Pegmatite Band
The Northern Band of pegmatites, approximately 100m north of the Central Band, was targeted in five drill holes during this campaign following up on the 2011 discovery hole, drill hole MF11-12, that intersected 28.45 metres grading 1.22 %Li₂O and 26.25 metres grading 1.86 %Li₂O. Holes MF12-21, 22 and re-entered hole MF11-15a targeted the Northern Band near the extensive MF11-12 intersection.

Hole MF12-24, targeting over 25m east of the wide pegmatite intersections of MF11-12, drilled through a well mineralized pegmatite containing 1.51% Li₂O over 21.40m including 2.37% Li₂O over 9.20m. The vertical drill hole MF11-15 was re-entered (named MF11-15a) and the hole extended an additional 70.3 metres to 175.3 metres depth to test revised models of pegmatite orientation. Pegmatites encountered tended to be significant in tantalum values but less so in lithium, further adding to the understanding of lithium-tantalum zonation on the Property.

Hole MF12-25 was drilled more than 25m to the west of MF11-12 from the north and also contains a well-developed core zone of spodumene and quartz with 1.51% Li₂O over 6.0m.

Holes MF12-24 and 25 were drilled approximately 250m to the west, adjacent to the only reported pegmatite outcroppings along the Northern Band and on section to an historical hole from 1956, B-7, that contained 0.917% Li₂O over 9.20m.

Hole MF12-22 targeted the shallow up dip direction of the pegmatite intersected in B-7 and encountered narrow and less mineralized pegmatites. 

Hole MF12-21 intersected 1.31% Li₂O over 3.70m and occurs below MF12-22 and above the historical B-7 intersection indicating thickening at depth on this section of the Northern Band and may represent the lateral continuity of the well-mineralized pegmatites in MF11-12, MF12-24 and MF12-25 250m to the east.

The presence of well evolved chemistry, significant high-grade intersections, apparent thickening at depth and extensive and unrivalled holmquistite alteration halos indicate a sizable pegmatite or pegmatite system at depth.



Central Pegmatite Band
The remaining six holes targeted the central band of pegmatites.
Hole MF12-28, drilled 25 meters east of MF11-11, collared in a shallow, high grade pegmatite with 2.53% Li₂O over 6.0m with the pegmatite open toward the east.

Hole MF12-27 was drilled under an historical lithogeochemical lithium in host rock anomaly. The pegmatite intersected had significant tantalum values, but the wall rocks contained more lithium than the pegmatite itself, suggesting the hole did not test deep enough to identify a pegmatite source related to the surface geochemical anomaly.

Hole MF12-30 tested pegmatite infill at depth between previously drilled outcrops on the central band.

Laboratory work was conducted by Activation Laboratories Ltd of Ancaster, Ontario with the samples being submitted by Company staff to their Dryden prep facilities. Activation Laboratories is an accredited laboratory with ISO 17025:2005 and CAN-P-1579 certification. Analysis was conducted using a sodium peroxide fusion followed by ICP-MS. The Company uses industry recognized practices to ensure quality control. To support this, a number of large samples were collected from surface sites known to have significant lithium and tantalum values. Following preliminary analysis a blend of these samples is being used to develop a certified reference material matrix matched to the Companies pegmatite projects. The new reference material has been inserted into the sample stream at the Property and will be utilized on other Company projects.

The Mavis - Fairservice Property Area
The property is located 15 km Northeast of Dryden, Ontario and is easily accessed via the Trans-Canada Highway and a series of logging roads. The claim blocks comprise a total of 2,624 hectares and straddle a continuous pegmatite field exhibiting high-grade, well-evolved, lithium and tantalum zonation as well as significant levels of cesium and rubidium. Regional pegmatite mineralization is directly associated with the 

strongly peraluminous Ghost Lake Pluton and related pegmatitic granite dykes. Rare metal mineralization in the Mavis Lake area occurs in zoned pegmatites hosted by mafic metavolcanic rocks. Rare metal mineralization occurs in four zones: internal beryl zone within the parent of the Ghost Lake pluton that evolves to the east within the Fairservice and Mavis Lake claim blocks into external zones of beryl-columbite, spodumene-beryl-tantalite and albite-type pegmatites.

John Harrop, P.Geo, FGS, is the company's qualified person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.

About International Lithium Corp.
International Lithium Corp. is an exploration company with an outstanding portfolio of projects, strong management ownership, robust financial support and a strategic partner and keystone investor Jiangxi Ganfeng Lithium Co. Ltd., a leading China based lithium product manufacturer.

The Company's primary focus is the Mariana lithium-potash brine project in Argentina within the renowned South American 'Lithium Belt' that is host to the vast majority of global lithium resources, reserves and production. The 160 square kilometre Mariana project strategically encompasses an entire mineral rich evaporite basin that ranks as one of the more prospective salars, or 'salt lakes' in the region.

Complementing the Company's lithium brine projects are rare metals pegmatite properties in Canada and Ireland that have revealed through recent highly positive results a clear potential that the Company will advance with the support of its strategic partner, Ganfeng Lithium. These projects can add distinct value as the Company strives to source rare metals to help meet the increasing demand through the growth in global technologies that utilize the rare metals suite of elements.

With the increasing demand of high tech applications in battery and vehicle propulsion technologies, lithium and other rare metals are no doubt the metals of tomorrow's green tech economy. By positioning itself with solid development partners and projects with significant resource potential, ILC aims to be the green tech resource developer of choice for investors and build value for its shareholders.

International Lithium Corp.'s mission is to find, explore and develop projects that have the potential to become world-class lithium, potash and rare metal deposits.

On behalf of the Board of Directors,

Kirill Klip
President, International Lithium Corp.

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. Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

TNR Gold Corp. 

international lithium corp.

 

High-Grade Lithium Boulder Field Discovered On International Lithium Corp.'s Rare Metals Blackstairs Project, Ireland

Image by kid_wendy via Flickr

Today 

International Lithium Corp. ("ILC" or the "Company") (ILC:TSXV) is pleased to announce the Company has discovered a high grade lithium, high density pegmatite boulder field on the Company's 100% owned rare metals Blackstairs project ("Property") located 80 kilometres south of Dublin, Ireland.





 



Key Point Summary:

--  High grade pegmatite boulder field discovered in a recently
        exposed area at Moylisha;
    --  Located 500m along trend to the southwest of past pegmatite
        exploration;
    --  4.59%, 3.45% and 3.27% Li2O grab samples collected*; and
    --  Indicates a potentially sizable, yet to be discovered buried
        pegmatite body.

"The high-grade lithium pegmatite boulder field identified at Moylisha significantly reinforces the potential to discover buried pegmatite bodies on the Property," states Mike Sieb, President of the Company. "These results, from a cursory investigation, far exceeded expectations and dramatically raise the directive for further work."

Moylisha Discovery
A preliminary reconnaissance of the Property performed by Aurum Exploration Services, the Company's geo-services consultant for the project, discovered within a 250 x 250 metre area a high density distribution of pegmatite boulders. This area is in a recently harvested section of a tree farm in which the pegmatite boulders were previously hidden from view. Four samples (MOY2-5)* were collected in this new area with three of the samples grading better than 3% Li2O and the highest returning 4.59% Li2O representing greater than a 50% spodumene content.

This newly identified lithium pegmatite boulder area is situated 500m to the southwest and along the district trend from past exploration activities at Moylisha, where five drill holes totalling 212 metres were drilled revealing a pegmatite between 5 and 10 metres in width and a best intersection grading 1.66% Li2O over 9.4m.
The observed high grade lithium bearing pegmatites and extensive boulder occurrence within such a small area represents a highly prospective and unexplored zone along strike from a previously identified pegmatite and specifically indicates a potentially sizable, yet to be discovered buried pegmatite body.
The discovery was made during a preliminary exploration programme that included boulder mapping at six of the known lithium prospects and the initiation of exploration for additional occurrences within the Property. A total of 21 varied samples were collected across the Property and of the 8 spodumene bearing pegmatite samples collected, all returned greater than 1% Li2O. The table below lists the 8 highlighted grab samples.
Table 1: Highlighted Grab Samples*

Prospect     Sample  Li2O%

Moylisha     MOY10   4.74

Moylisha     MOY5    4.59

Moylisha     MOY4    3.45

Moylisha     MOY3    3.27

Moylisha     MOY2    1.21

Aclare House AX10501 3.93

Aclare House AH01    1.71

Stranakelly  AX10502 1.88

*Grab samples are by definition selective and are unlikely to represent average grades on the property.
Grab sample MOY10 was collected in proximity to the past exploration activity at Moylisha.
The 21 samples were analysed at OMAC Laboratories Ltd., Loughrea, Galway County, Ireland. OMAC is part of the ALS Group, a recognized and certified international firm for geochemical analysis and assays. Samples were prepared by OMAC and analysed using ICP-AES following multi-acid digestion.
Blackstairs Project
The Blackstairs project, comprised of eight mineral exploration licences totalling 292 square kilometres, is located 80 km south of Dublin straddling the Counties of Carlow and Wicklow in Leinster, south-east Ireland. The Property encompasses an extensive NE-SW oriented 50 kilometre long rare metals pegmatite belt situated within the East Carlow Deformation Zone along the eastern side of the Leinster Granite. Approximately 19 significant lithium pegmatite occurrences have been discovered within the Property to date primarily as boulder trails with five buried pegmatites known through past trenching and drilling.
Lithium bearing pegmatite occurrences were first reported in the area in 1970. In the period through to 1977, Irish Base Metals carried out a preliminary exploration program comprising prospecting, sampling, trenching and geophysical surveys culminating in 47 short boreholes totalling 2,300 metres at 4 of the 19 lithium pegmatite occurrences over a number of seasons.
Due to the prevalent overburden cover and scarcity of outcrop, prospecting for lithium pegmatite boulders was the most successful exploration method utilised to identify priority target areas. The relative location, size and quantity of pegmatite boulders within the dry stone field boundaries provided a reliable indication for the approximate position of buried pegmatites. The Aclare House occurrence, situated in the center of the Property, has witnessed the most exploration activity on the Property and was initially discovered through this exploration approach.
Thirty-three short drill holes totalling 1,703m were drilled at Aclare House. A pegmatite body up to 20 metres wide and traced for more than 400 metres along strike was delineated and a pre-NI43-101 historical resource of 570,000 tonnes grading 1.5% Li2O was reported. (A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources, the issuer is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.)
Five drill holes, for a total of 163 metres, were drilled at the Stranakelly occurrence situated proximal to the northeast Property boundary. Lithium-bearing pegmatite mineralization was intersected in four of the holes with hole STK3 grading 1.85% Li2O over 5.3 metres.
Five drill holes, for a total of 212 metres, were drilled at the Moylisha occurrence situated approximately 10 kms northeast of Aclare House. The width of the pegmatite body encountered varied between 5 and 10 metres with one hole grading 1.66% Li2O over 9.4 metres.
Four drill holes, for a total of 280 metres, were drilled at the Seskinnamadra occurrence situated approximately 8 kms southwest of Aclare House. The narrow pegmatite intersections reported from the drilling does not explain the significant frequency and size of the lithium pegmatite boulders mapped in the area that suggests a potentially large yet to be discovered buried pegmatite body.
The observed lithium bearing pegmatites and extensive boulder occurrences within the Property represent a highly prospective and underexplored region. In addition, the recent discovery of a high concentration of pegmatite boulders reporting grades exceeding 4% Li2O at Moylisha only serve to highlight the exploration potential of the Property.
John Harrop, P.Geo, is the company's Qualified Person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.
ABOUT INTERNATIONAL LITHIUM CORP
International Lithium Corp. is an international rare metals mineral exploration company with an outstanding portfolio of projects, strong management ownership, robust financial support and a strategic partner, Jiangxi Ganfeng Lithium Co. Ltd., a leading China based lithium product manufacturer, as a keystone investor.
ILC currently has 9 active rare metals projects, well balanced between lithium brines in Argentina and Nevada and hard-rock pegmatites in Canada and Ireland. The Company's primary focus is the Mariana lithium brine project, a salar or 'salt lake,' covering an expansive 160 square kilometres and strategically encompassing the entire basin. Mariana is located in the renowned South American 'Lithium Belt' centred on the junction of Argentina, Bolivia and Chile that is host to the vast majority of global lithium resources, reserves and production. The Mariana lithium brine project ranks as one of the more prospective salars in the region.
Complementing the Company's lithium brine projects are the rare metals pegmatite properties. The key characteristics shared by the hard-rock rare metals projects are their limited past exploration, excellent accessibility, limited assaying for rare metals, clear potential for additional exploration to add project value and development potential to meet the global technological growth in demand for the rare metals suite of elements.
International Lithium Corp.'s mandate is to increase shareholder value through aggressive advancement of its core projects and to source joint venture partners to expand the scope and diversify risk of its exploration effort.
On behalf of the Board,
Mike SiebPresident – International Lithium Corp.
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. Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Stock Symbol: ILC:TSXVShares CUSIP: #459820 10 6Warrants Symbol: ILC.WTWarrant CUSIP: #459820 11 4
620 - 650 West Georgia StreetVancouver, British ColumbiaV6B 4N9, Canada Voice: (604) 687-7551Fax: (604) 687-4670 1-800-667-4470E-mail: info@internationallithium.com Website: http://www.internationallithium.com
SOURCE International Lithium Corp.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/February2012/01/c8334.html
SOURCE: International Lithium Corp.

http://www.internationallithium.com

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International Lithium Corp to begin trading on May 24th!

TNR Gold Corp. TSX VENTURE : TNR	International Lithium Corp.

May 20, 2011 09:00 ET

TNR Gold Corp.: International Lithium Corp. Listing Date

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 20, 2011) - TNR Gold Corp. ("TNR") (TSX VENTURE: TNR) and wholly-owned International Lithium Corp. ("ILC") (TSX VENTURE:ILC)(TSX VENTURE:ILC.WT) (jointly the "Company") are pleased to announce effective at the opening May 24, 2011, the Shares and Warrants of ILC will commence trading on TSX Venture Exchange.
Key Highlights:

• At the opening on May 24, 2011, International Lithium Corp. will commence trading on the TSX Venture Exchange under the trading symbol ILC; 
•  
• Newest Lithium and Rare Metals public company possessing a highly regarded drill ready portfolio of projects;
•  
• 65,901,354 common shares of ILC will be issued and outstanding, of which 27,230,087 common shares will be escrowed;
• Notable share owners of IL
• C are TNR at 29%, Jiangxi Ganfeng Lithium Co. Ltd. at 9.99% and Non-Executive Chairman Kirill Klip at 10.5%; and
• 12,243,500 Units of ILC sold in related financing for gross proceeds of $3,060,875 representing an over-subscription of 2,243,500 Units.

International Lithium Corp. (TSX VENTURE:ILC) New Listing

Effective at the opening on May 24, 2011, the Shares and Warrants of International Lithium Corp. will commence trading on the TSX Venture Exchange under the trading symbol ILC upon successful completion of a Plan of Arrangement involving a restructuring of TNR Gold's business and assets in order to spin-out its lithium and rare metals mineral property interests.
In order to complete the Plan of Arrangement, a minimum raise of $2.5 million was initiated to provide ILC with sufficient operating and administration funds to satisfy Exchange requirements for listing (the "Financing"). The Financing consisted of units in ILC offered at a price of $0.25 per unit with each unit consisted of one common share and one ILC Warrant. Each ILC Warrant entitles the holder to purchase one additional common share of ILC at a price of $0.375 for a period of two years from the date of closing ("ILC Units").
Due to the increased level of demand, 12,243,500 Units of ILC were purchased in the Financing for gross proceeds of $3,060,875 representing an over-subscription of 2,243,500 Units or $560,875. At listing, ILC will have 65,901,354 common shares issued and outstanding, of which 27,230,087 common shares will be escrowed.
Notable Share Owners of ILC at listing include:

1. TNR at 29% through property disbursements and a 2,000,000 Unit participation in the Financing;
2. Jiangxi Ganfeng Lithium Co. Ltd. ("Ganfeng Lithium"), a leading China based multi-product lithium manufacturer has committed through a Strategic Relationship Agreement to an initial strategic investment consisting of a 9.99% equity stake in ILC. Ganfeng Lithium brings significant current and future project development assistance capability. For further details regarding Ganfeng Lithium refer to the Company's press release dated April 18, 2011; and
3. Non-Executive Chairman Kirill Klip at 10.5% through his previous equity stake in TNR and a 1,000,000 Unit participation in the Financing.

Certain fees may be payable on a portion of the placement, in compliance with Exchange requirements. The common shares and ILC Warrants comprising the ILC Units sold under the Financing will be restricted from trading for 4 months in accordance with applicable securities laws.
International Lithium Corp. Project Summary
Benefiting from the early acquisition of select high potential lithium brine and hard rock rare metals pegmatite properties through TNR, ILC at its initiation possesses a robust portfolio of projects staged for aggressive exploration.
The Mariana lithium brine project in Argentina, covering an expansive 160 square kilometres, revealed highly compelling geochemistry from a cursory investigation, reporting average grades of 440 mg/l lithium and 12,700 mg/l potassium. The potassium levels were unexpected and represent one of the highest grades comparative to any of the neighbouring salars outside of the world class operation on the Atacama salar.

Shortly following listing, preparation is to commence for a phase 1 drill program with the objective to identify and isolate separate brine horizons for a first-time representative characterization of the subsurface brine geochemistry. Subsequent drilling will continue to delineate and add to the confidence level of the geochemistry of the subsurface brine pool with an Inferred Resource estimate targeted for early next year. The Mariana project is expected to experience the most rapid advancement of any of the projects within the current ILC portfolio.

ILC holds three additional lithium brine properties in Nevada (Fish Lake, Runway and Sarcobatus Flats) located in adjacent valleys to the Silver Peak operation in Clayton Valley, the sole lithium brine producer in North America which has been in operation since 1966.

This past year, in an integrated regional lithium exploration approach using geochemical and basin modeling utilizing a detailed gravity survey, ILC identified multiple drill targets across all three properties. These targets exhibit analogous geological features which provided both a source and trap for the lithium brines currently extracted at Silver Peak. In 2011, ILC is planning to mobilize a drill to all three properties, target the lithium brine aquifers within the stratigraphy and test their viability.

ILC's property portfolio is well balanced by a number of highly prospective rare metals' hard-rock pegmatite projects that have been selected by ILC's technical experts under stringent guidelines. The key outstanding characteristics shared by all the rare metals' projects are their underexplored nature, excellent accessibility, under-analyzed rare metals' history, initial high confidence level that additional exploration will add project value and ultimately the potential to develop the projects to address the global technological growth in demand for the rare metals' suite of elements.

Highlighting these rare metals' projects is the Moose property located near the shore of Great Slave Lake in the NWT which was a minor lithium and tantalum producer in the 1950's with reported production of 119 tonnes of lithium ore and an estimated 4,409 tonnes of high grade tantalum-niobium ore. The 2010 exploration program was limited as to exposure, however a channel sample returned 1.50 wt% Li2O over 7.5 metres confirming the continuity of high grade lithium across substantial widths within the pegmatite and a muck pile returned 8.44 wt% Li2O indicating that the source pegmatite is highly evolved and underscores the future potential of the property. In support of the untested potential, the historic exploration and mining did not penetrate below the 25 metre mark or extend beyond the local workings.

In addition, surface exploration on the Mavis Lake rare metals' project, located 15 km Northeast of Dryden, Ontario, revealed high-grade well-evolved lithium and tantalum zonation as well as significant levels of cesium and rubidium across multiple pegmatite bodies. Both the Moose and Mavis Lake projects are clearly emerging as premier multi-element rare metals projects and warrant drill programs in 2011 to determine their potential.

Potentially overshadowing the other rare metals projects is the Blackstairs project in Ireland consisting of eight prospecting licenses totaling 292 square kilometres hosting an extensive lithium pegmatite belt extending for more than 50kms. Historical exploration has been highly localized with reported boulder occurrences suggesting potentially large undiscovered pegmatites. The pegmatites that have been observed reveal well developed internal zoning reflecting strong fractionation and multi-rare-metals mineralizing potential.

The merits of ILC's portfolio of lithium and rare metal projects, particularly the Mariana, have garnered significant interest from retailers, institutions and international investors. A dedicated effort has been expended this past year prior to listing in the establishment of a strong network of interested parties. Significant advancement of ILC's projects through 2011 in conjunction with the progression of the lithium and rare metals' sectors will potentially have a marked effect on ILC in the coming period.

ABOUT TNR GOLD CORP. / INTERNATIONAL LITHIUM CORP.
TNR is a diversified international mineral exploration company focusing on the advancement of existing properties and identifying and acquiring new prospective projects. TNR has a portfolio of 18 active projects, of which 9 rare metals projects, including Mariana, will be held or optioned to TNR's wholly owned subsidiary ILC upon completion of the Plan of Arrangement.

The objective of the Plan of Arrangement is to spin-out TNR's rare metals property interests into a separate public company, ILC. The Plan of Arrangement has been approved by TNR's shareholders, the courts of British Columbia and the TSX Venture Exchange. For further details of the spin-out, please visit International Lithium's website and TNR's information circular dated May 10, 2010 which is available on the SEDAR website at www.sedar.com.

The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the TNR and ILC's commitments to generating projects, diversifying its markets, and building shareholder value.

On behalf of the board,
Mike Sieb
President – International Lithium Corp.
COO – TNR Gold Corp.
Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
TNR Gold Corp.
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434
International Lithium Corp.
Shares CUSIP: #459820 10 6
Warrant CUSIP: #459820 11 4

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.

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