Talison Lithium releases 2nd quarter sales volumes

Talison Lithium Announces Preliminary Second Quarter 2012 Sales Volume

Perth, Western Australia, January 12, 2012 – Talison Lithium Limited (“Talison” or the “Company”) (TSX: TLH | US: TLTHF) today announced its preliminary sales volume and production results for the three months ended December 31, 2011 (“Q2 FY2012”).  The Company also provided an update on its growth projects encompassing its Australian capacity expansion, lithium minerals conversion plant and Salares 7 brine project.

Preliminary Results

Talison sold 75,221 tonnes lithium concentrate during Q2 FY2012 (or approximately 11,200 tonnes lithium carbonate equivalent (“LCE”)). Sales in the quarter were affected by significant congestion at the Port of Bunbury due to berth closures and unplanned Port shutdowns impacting all Port users. This resulted in approximately 38,000 tonnes of Talison’s lithium concentrate sales that were ready at the Port for shipment in early December being delayed into January 2012. These shipments have now departed and will be included in Q3 FY2012 sales. Sales for the 2012 fiscal year are not expected to be affected.

For the six months ended December 31, 2011 Talison sold 155,536 tonnes of lithium concentrate (approximately 23,100 tonnes LCE), a 4% increase compared to the six months ended December 31, 2010.

Q2 FY2012 production was 89,015 tonnes lithium concentrate (approximately 13,200 tonnes LCE), a 7% increase compared to Q2 FY2011.  For the six months ended December 31, 2011, Talison produced 179,723 tonnes of lithium concentrate (approximately 26,700 tonnes LCE), a 9% increase compared to the six months ended December 31, 2010.

Growth Projects

Greenbushes Stage 2 Expansion On Schedule and On Budget

The Stage 2 Expansion at the Greenbushes Lithium Operations continues to proceed on schedule and on budget.  Foundations for the new chemical-grade plant are complete, installation of steel-work is continuing and the conveyer belt to the finished product stockpile is being constructed.

The Company continues to expect commissioning of the Stage 2 Expansion during Q4 FY2012.  Upon completion, the Stage 2 Expansion will double Talison’s current production capacity to approximately 740,000 tonnes per annum lithium concentrate (approximately 110,000 tonnes per annum LCE).

Work on the new chemical-grade plant as part of the Stage 2 Expansion at the Greenbushes Lithium Operations

Conveyer belt to finished product stockpile being constructed as part of the Stage 2 Expansion at the Greenbushes Lithium Operations

Proposed Minerals Conversion Plant

Responding to growing global demand for an additional secure supply of lithium chemicals, particularly from electric vehicle battery manufacturers, Talison is aggressively pursuing its proposed plant to convert lithium minerals into lithium carbonate (“Minerals Conversion Plant”).

Commencing in early calendar 2012, the next phase of the project includes a detailed engineering study of a 20,000 tonnes per annum lithium carbonate plant located in Western Australia. Talison is targeting commissioning in FY2015 and anticipates making an investment decision on the project by the end of calendar 2012.

Discussions with potential customers for the Minerals Conversion Plant are continuing positively. To accelerate the formation of customer relationships in Japan, Talison recently signed a Memorandum of Understanding with Sojitz Corporation to discuss on a non-exclusive basis collaborative marketing and distribution opportunities of lithium carbonate produced by Talison to customers in Japan.

Greenbushes Resource Development and Salares 7 Project

Talison is accelerating resource definition drilling at the Greenbushes Lithium Operations due to the encouraging progress to date in the development of the Minerals Conversion Plant.

The objective of accelerating the drilling is to increase lithium mineral reserves and extend the mine life at Greenbushes to support future additional expansions of the lithium concentrate processing plants and a potential doubling in capacity of the Minerals Conversion Plant.

Consequently Talison is reallocating resources in H2 FY2012 from the Salares 7 Project to the drilling at Greenbushes. The drilling program at the Salares 7 Project will be deferred and the focus will be on the environmental approvals process. This is not anticipated to affect the overall development timetable for the Salares 7 Project.

Financial Results Release February

Talison will release its financial results for Q2 FY2012 in mid-February, 2012.

Peter Oliver, Chief Executive Officer and Managing Director of Talison will host a conference call to discuss the results.

Teleconference and replay call details will be distributed prior to the release of financial results.

To view this entire press release please visit:
http://www.talisonlithium.com/investor-centre/news

 About Talison Lithium

Talison Lithium Ltd. (TSX: TLH | US: TLTHF ) is a leading global producer of lithium with projects in Western Australia and Chile. 

The  Company’s principal objective is to grow shareholder value by meeting the anticipated future growth in demand for lithium. The lithium produced by Talison Lithium is used in batteries for consumer electronics, electric bicycles, buses and passenger vehicles. It is also used in aerospace alloys, wind turbines, glass and ceramics.
Talison Lithium is committed to pursuing sustainable development in all aspects of its operations to ensure, wherever possible, that the Company can meet demand for lithium without compromising the needs of future generations.
The Greenbushes ore body is a highly mineralised zoned pegmatite with a strike length of more than 3km. The Greenbushes Lithium Operations Mineral Reserve is unique among known lithium deposits in that it contains approximately 50% spodumene.

The Greenbushes Lithium Operations have two processing plants located at the mining operations. One plant produces technical-grade lithium concentrates, the other produces chemical-grade lithium concentrate.
In September 2010, Talison Lithium merged with Salares Lithium Inc which gave it exposure to prospective lithium brine projects in Chile.

Related articles

• Top producer Talison Lithium Concludes First Sales Contracts for 2012 with 15% Price Increase (retirefunds.blogspot.com)
• Talison Lithium and Sojitz Sign Memorandum of Understanding to market lithium carbonate in Japan. (retirefunds.blogspot.com)
• Talison Lithium Q1 sales volume rises 53% (retirefunds.blogspot.com)
• Talison negotiates 15% increase in price for lithium through 2012! (retirefunds.blogspot.com)

San Gold sets new production record in 4th Quarter!

TSX : SGR
Nasdaq - OTCQX : SGRCF

January 10, 2012 06:00 ET

San Gold achieves Record Production in Q4 2011

WINNIPEG, MANITOBA--(Marketwire - Jan. 10, 2012) - San Gold Corporation (TSX:SGR)(OTCQX:SGRCF) today announced preliminary results of operations at its Rice Lake Mining Complex in Manitoba, Canada for the quarter ended December 31, 2011.
Q4 Production Highlights

• Record gold production of 20,359 ounces with additional 4,000 to 5,000 in surface ore stockpile.
• December production of 8,388 ounces annualized supports 100,000 ounce guidance for 2012.
• Milling and crushing initiatives completed to upgrade mill capacity to 2,000 tons per day.
• Exploration results issued in December continue to demonstrate the tremendous potential of our new mine trends.

Fourth Quarter 2011 Preliminary Operating Results
San Gold produced a record 20,359 ounces of gold in the fourth quarter with approximately 25,400 tons of ore in the surface stockpiles representing an additional 4,000 to 5,000 ounces of gold in front of the mill.
During December the operation established a new daily mill record of 2,056 tons per day, with an average throughput of 1,775 tons per day. The operation began the year at an average production rate of 829 tons per day.

"This has been a tremendous year for our production team at Rice Lake. We've executed a very aggressive development plan, increasing our milling capacity by two-thirds while building out an extensive mine complex along a new mining horizon. We are well positioned going into 2012 and will continue to aggressively pursue new opportunities as they emerge," said San Gold President and Chief Executive Officer George Pirie.

There were two planned events during the fourth quarter that resulted in lost milling opportunities. In the first two weeks of October, throughput rates in the flotation circuit were reduced while the second bank of new flotation cells was commissioned. In November, three milling days were lost due to the commissioning of the new screening plant and the relocation of the three stage crushing circuit. No upgrades that will affect mill throughput are planned through the first half of 2012.

Total gold production for 2011 was 74,280 ounces with 4,000 to 5,000 in surface stockpiles accumulated during the year, effectively meeting our full year guidance of 80,000 ounces. On an annualized basis, December production supports our 100,000 ounce production forecast for 2012.

About San Gold
San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Hinge, 007, and Rice Lake mines near Bissett, Manitoba. The Company employs more than 400 people and is committed to the highest standards of safety and environmental stewardship. San Gold is on the Toronto Stock Exchange under the symbol "SGR" and on the OTCQX under the symbol "SGRCF".
For further information on San Gold, please visit www.sangold.ca.

Cautionary Note
This news release includes certain "forward-looking statements". All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding forecast gold production, gold grades, recoveries, cash operating costs, potential mineralization, mineral resources, mineral reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable mineral reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements.
There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of precious metals, as well as those factors discussed in the section entitled "Other MD&A Requirements and Additional Disclosure and Risk Factors" in the Company's most recent quarterly Management's Analysis and Discussion ("MD&A"). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Exploration results that include geophysics, sampling, and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics, and economic potential to be classed as a category of mineral resource. A mineral resource that is classified as "inferred" or "indicated" has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category of resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into proven and probable reserves.

The TSX and the OTCQX exchanges have not reviewed and do not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contact Information

• 
  
  San Gold Corporation
  Tim Friesen
  Communications Director
  1 (204) 772-9149 ext. 202
  
  San Gold Corporation
  George Pirie
  President and CEO
  1 (416) 214-0024
  www.sangold.ca
  
  TD Securities ACTION Notes today:
  San Gold Corp. (SGR-T) C$2.00 ....
  BUY (Unchanged);Target: C$3.50 (Unchanged)
  Poised to Deliver

Related articles

• San Gold expands deposit base - drilling results (retirefunds.blogspot.com)
• San Gold finds more gold at Manitoba mine, shares jump (business.financialpost.com)
• Brigus Gold Reports Additional High-Grade Gold Assays (retirefunds.blogspot.com)

Portable Battery-Powered Market at $611 Billion by 2016 - Market Reseach

SOURCE: MarketResearch.com

January 06, 2012 07:08 ET

ROCKVILLE, MD--(Marketwire - Jan 6, 2012) - MarketResearch.com has announced the addition of the new report "Portable Battery Powered Products: Global Markets" to their collection of Energy market reports. For more information, visit http://www.marketresearch.com/BCC-Research-v374/Portable-Battery-Powered-Products-Global-6727715/

Image by jimmiehomeschoolmom via FlickrThe market for portable, battery-powered products has grown from a few well-established niches such as flashlights and wristwatches to a diverse, rapidly growing market that encompasses computing, communications, entertainment, photographic, and publishing products; a variety of cordless tools; and entirely new classes of military and medical products. This diversity has been accomplished because of a unique synergy between the products themselves, the batteries they employ, and the battery chargers and power-management systems that recharge the batteries.

More than $423 billion worth of portable battery-powered products were sold in 2010, up from $410 billion sold in 2006. The market reached an estimated $479.6 billion by the end of 2011, and will reach more than $611 billion by 2016, growing at a compound annual growth rate (CAGR) of 5%.

Several entirely new classes of batteries have been commercialized during the past 25 years, including nickel-metal hydride, zinc-air, lithium polymer, and the widely used lithium-ion design. Meanwhile, improved microelectronic battery charger controller technology allows the commercialization of higher-performance, smaller, and safer designs. This, in turn, has allowed for the commercialization of portable products that would be impossible without improved battery chargers, notably portable computers, cell phones, digital cameras, multi-functional touch-screen devices, and cordless hand tools. At the same time, competitively priced non-rechargeable primary batteries remain established power sources for many kinds of portable products.
As this synergy continues to develop, there are areas in which the portable product, battery, and battery charger industries could experience the explosive growth usually associated with emerging industries.
The communication/multi-functional segment accounts for roughly 30% of the total portable battery-powered product market. This segment is estimated to have reached nearly $141 billion in 2011 and will grow to $181.5 billion by 2016 at a CAGR of 5.2%.

Computers are the second largest market segment with a 28% share. BCC forecasted this market segment would reach $133 billion by the end of 2011 and reach nearly $189 billion by 2016 at a CAGR of 7.2%.
For more information, visit http://www.marketresearch.com/BCC-Research-v374/Portable-Battery-Powered-Products-Global-6727715/

About MarketResearch.com
MarketResearch.com is the leading provider of global market intelligence products and services. With over 300,000 research reports from more than 700 top consulting and advisory firms, MarketResearch.com offers instant online access to the world's most extensive database of expert insights on global industries, companies, products, and trends. For more information, call Veronica Franco at 240-747-3016 or visit www.MarketResearch.com.

Contact Information

Contact:
Veronica Franco
MarketResearch.com
Email Contact
240.747.3016

Related articles

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Rare Earth company Ucore Rare Metals hires new CEO

Ucore Rare Metals Inc.
TSX VENTURE : UCU
OTCQX : UURAF

January 04, 2012 11:49 ET

HALIFAX, NOVA SCOTIA--(Marketwire - Jan. 4, 2012) - Ucore Rare Metals Inc. (TSX VENTURE:UCU)(NASDAQ-OTCQX:UURAF) ("Ucore" or the "Company") is pleased to announce the appointment of Ken Collison as Chief Operating Officer.

Mr. Collison holds a B.Sc. in Mining Engineering from the University of Saskatchewan and a Masters of Engineering in Mining from the University of Saskatchewan. He was the Chief Operating Officer of Blue Pearl Mining/Thompson Creek Metals from 2005 to 2009, and was part of the team that purchased Thompson Creek Metals and built it into one of North America's premier molybdenum producers. He has previously held the positions of Vice President at Crandon Mining Corporation and Coeur Alaska, the Alaskan subsidiary of Coeur d'Alene Mines. He has extensive experience in mining operations, permitting and preparation of mining feasibility studies. 

Mr. Collison replaces Harmen Keyser in the capacity of Ucore's senior technologist and will be assembling a team of mine development specialists focused on the near term development of the Company's flagship heavy rare earth property at Bokan Mountain Alaska. 

"We're delighted that Mr. Collison has elected to join the Ucore team in a formal capacity," said Jim McKenzie, President and CEO of Ucore. "He's an accomplished mine development specialist with a reputation for bringing advanced stage properties to production on minimal turnaround and in a highly efficient and economical manner. He has a tremendous track record, is highly regarded in the mine engineering community, and brings a significant depth of experience managing and developing mining operations in Alaska.

Mr. Collison's appointment is additionally a benchmark event for Ucore, as we transition from advanced mineral exploration into fast track mine development. We'd also like to take this opportunity to thank Harmen Keyser for his invaluable contribution in taking early stage exploration activities to the threshold of mine development."

Background
Ucore Rare Metals Inc. is a well-funded junior exploration company focused on establishing REE, uranium and other rare metal resources through exploration and property acquisition. With multiple projects across North America, Ucore's primary focus is the 100% owned Bokan - Dotson ridge REE property in Alaska. The Bokan - Dotson ridge REE project is located 60 km southwest of Ketchikan, Alaska and 140 km northwest of Prince Rupert, British Columbia and has direct ocean access to the western seaboard and the Pacific Rim, a significant advantage in expediting mine production and limiting the capital costs associated with mine construction. The Bokan properties are located in an area reserved for sustainable resource development with an existing road network providing access to the main target areas. REE mineralization at the Bokan-Dotson ridge project occurs in a well-demarcated vein system related to a Mesozoic Bokan peralkaline granitic complex. However, a number of other occurrences of REE mineralization are also located within, or at the margins of the complex. Viewed in a geological and geophysical context, the Bokan complex is a distinctive circular structure and is highly prospective for rare earths deposits.

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

Contact Information

Ucore Rare Metals Inc.
Mr. Jim McKenzie
President and Chief Executive Officer
(902) 482-5214
www.ucore.com

Related articles

• Ucore Takes Part in Congressional Briefing on US Domestic Rare Earth Supply Chain (retirefunds.blogspot.com)
• China new Rare Earth Export Policy will help to protect reserves of medium and heavy rare earth metals (ceoworld.biz)
• Alaska's Billion Dollar Mountain (businessweek.com)

BMO Economics - Top Ten Interesting Facts of 2011 and Predictions for 2012

BMO Financial Group

TSX : BMO
NYSE : BMO

December 26, 2011 09:00 ET

TORONTO, ONTARIO--(Marketwire - Dec. 26, 2011) - To celebrate the New Year, BMO's Deputy Chief Economist, Doug Porter, has offered up five interesting facts from 2011, and five predictions for 2012.

2011 INTERESTING FACTS:
Canada grew faster than Brazil in the past year. Despite a series of challenges both in Canada and globally, the Canadian economy likely grew 2.3 per cent, close to expectations and not far from its long-run average. Over the latest four quarters, GDP is up 2.4 per cent year-over-year, outpacing not just most major industrialized economies (the U.S. was up 1.5 per cent and the Eurozone 1.4 per cent), but even the 2.1 per cent advance in emerging market darling Brazil over the same period.

The Canadian dollar was the weakest currency in the G10 in the past year. Global investors were not so impressed with the Canadian dollar in 2011, driving the currency down more than 2 per cent on the year. So, not only did the loonie weaken against the U.S. dollar and the disaster-hit Japanese yen (which was in fact the strongest major currency this year), but even against the beleaguered euro.

The U.S. government faced its lowest borrowing costs since the early 1950s. Despite political difficulties throughout the year, the first credit rating downgrade of U.S. government debt in history, the intense focus on deficits and debt, and 3 per cent-plus inflation, 10-year Treasury yields averaged less than 2.8 per cent in 2011 and ended the year close to all-time lows around 2 per cent.

Gold was the top-performing commodity in 2011, but also a drag on the TSX. Despite record gold, silver and copper prices at various stages this year, and the early-year sprint in oil above $100, commodity prices sagged overall in 2011. For instance, the Commodity Research Bureau Index fell more than 8 per cent, with natural gas, nickel and lumber all down more than 20 per cent (all are important commodities for Canada). Accordingly, the materials sector was the second weakest in the TSX this year ("topped" only by tech), with even gold stocks down more than 15 per cent.

Canadian inflation rose at the fastest pace in 20 years in 2011. With one month to go, it looks like the consumer price index will rise by almost 3 per cent this year, the fastest annual increase since 1991 (the year of the GST and the year the Bank of Canada began targeting inflation). This year's increase was pumped up by sales tax increases, but even ex-tax inflation was nearly 2.5 per cent, despite a soggy economy and a lingering output gap.

2012 PREDICTIONS:
The North American economy will decouple from recession in Europe. There are two distinct calls here: European GDP will contract roughly 1 per cent in 2012, after growing 1.5 per cent in 2011; and North America will partly avoid the downdraft. The most encouraging development in recent months is the ability of the U.S. economy to gather modest momentum in the face of Europe's deepening woes. However, we continue to look for sub-par growth in both Canada and the U.S. of 2 per cent next year, keeping jobless rates little changed. Notably, the U.S. economy should grow faster than Canada for the first time in seven years.

Housing will add to U.S. growth in 2012. After declining relentlessly for six consecutive years, and dropping to a record low of barely a 2 per cent share of GDP, residential construction is finally poised to add - albeit slightly - to U.S. growth next year. Homebuilder sentiment is slowly improving, home sales are creeping off the bottom, and rising rents are spurring construction of multiple-unit buildings. In a related development, we also look for consumer spending to grow faster in the U.S. than in Canada for the second year in a row. With U.S. job growth finally catching up to Canada, and plenty of pent-up demand, there is simply more runway for U.S. consumers.

The Bank of Canada will have its longest period of inactivity since the 1950s. Given the sluggish external growth backdrop and a tapped-out domestic consumer, as well as a Fed that seems poised to lower interest rates in the next 18 months, we see the Bank of Canada on hold through 2012. In fact, there is likely more chance of a Bank of Canada rate cut than a hike in the next year. But note that the Bank of Canada was the only G10 central bank that did not take any easing steps in 2011. If the Bank of Canada does stand aside, that would leave rates on hold for at least 28 months, the longest stretch of stable Canadian interest rates since the early 1950s.

China's trade surplus will narrow markedly. With inflation pressures finally cracking, and growth prospects in the rest of the world sagging notably, China's policymakers took initial steps to ease monetary policy in late 2011. There should be more aggressive easing next year which, combined with a 5 per cent appreciation of the yuan in the past year and weaker demand from Europe, should help cut into the trade surplus next year.

Vancouver will not be the hottest housing market in Canada in 2012. Despite the intense focus on the city as a bubble candidate as far back as 2010, Vancouver still saw the biggest average price increases (+16 per cent) and the biggest real estate volume gains (sales & price gains combined) in Canada this year. That won't be repeated next year - there are already clear signs that sales are dipping, and price increases are starting to ebb. Toronto has seized the mantle of hottest major market in recent months, and appears to be at some risk of overheating. Meantime, the award for most well-behaved market is a tie between Calgary and Edmonton, which have seen stable prices in recent years even as Alberta easily recorded the strongest employment growth in the country in 2011. Assuming oil prices hold around $90 or better, look for those two cities to lead the way for hottest housing markets in 2012.

The complete article can be seen in BMO Economics' Focus feature, at http://www.bmonesbittburns.com/economics/focus/recent/111223doc.pdf.
(Note: all data accurate as at December 22, 2011)

Contact Information

Media contacts:
Peter Scott
416-867-3996
PeterE.Scott@bmo.com

Ronald Monet
514-877-1873
ronald.monet@bmo.com

Laurie Grant
laurie.grant@bmo.com
604-665-7596

Related articles

• Inflation: What the analysts say (business.financialpost.com)
• Economist says Euro crisis will weigh on Canada in 2012 (ctv.ca)
• Alberta poised to lead Canadian economy (calgaryherald.com)
• Inflation holds steady at 2.9% (cbc.ca)

Rodinia Lithium solidifies resource estimate!

RODINIA LITHIUM FILES FAVOURABLE PRELIMINARY ECONOMIC ASSESSMENT TECHNICAL REPORT

• FAVOURABLE PEA TECHNICAL REPORT FILED ON SEDAR
   
• NO MATERIAL DIFFERENCES FROM RESULTS ANNOUNCED IN PRESS RELEASE DATED NOVEMBER 7, 2011
   
• PEA CONTAINS A COMPREHENSIVE SUB-SURFACE SALAR MODEL TO END GATE BREAKDOWN OF THE DIABLILLOS LITHIUM BRINE PROJECT WITH PRE-TAX NPV OF US$561 MILLION FOR 15,000 TPA LITHIUM CARBONATE AND US$964 MILLION FOR A 25,000 TPA LITHIUM CARBONATE OPTION

Toronto, Canada, December 23, 2011: Rodinia Lithium Inc. (“Rodinia” or the “Company”) (TSX-V: RM; OTCQX: RDNAF) is pleased to announce that the Company has filed a National Instrument 43-101-compliant Technical Report dated December 22, 2011, effective as of November 8, 2011 entitled “NI 43-101 Technical Report Preliminary Economic Assessment Salar de Diablillos Project Salta, Argentina”, prepared by SRK Consulting (U.S.) Inc. (the “Report”) under the Company’s profile on SEDAR at www.sedar.com.  The Report contains a comprehensive sub-surface to end gate breakdown of Rodinia’s Preliminary Economic Assessment (“PEA”) on the 100% owned Salar de Diablillos lithium brine project (“Diablillos” or “Salar”) located in Salta Province, Argentina, the results of which were announced in a press release dated November 7, 2011.
The Report includes:

• Detailed geological overview and sub-surface brine model
• Preliminary processing flow sheets and site layout
• Overview of connections to key infrastructure including, water, power and transportation
• Sensitivities of the project to changes in lithium carbonate price, operating and capital costs
• High level project development schedule

There are no material differences between the results announced in the press release dated November 7, 2011 and the final PEA.
PEA Highlights (all currency is US$, pre-tax)
The PEA outlines an operation producing 15,000 tonnes lithium carbonate (“LC”) per year and approximately 51,000 tonnes of KCl (“potash”) per year, projecting a 34% internal rate of return (“IRR”) pre-tax and a $561 million pre-tax net present value (“NPV”) at an 8% discount rate.  The PEA also outline’s Rodinia’s available option to increase production to 25,000 tonnes LC and 85,000 tonnes potash per year.  This increased production scenario generates a much higher pre-tax NPV estimate of $964 million, along with a pre-tax IRR of 36%.  A summary of the key economic findings, as reported in the November 7, 2011 press release, includes:

Production Case:	15,000 tpa LC	25,000 tpa LC
NPV at 8% discount rate	$561 million	$964 million
IRR	34%	36%
Total Initial Capital Costs	$144 million	$220 million
Operating Costs per tonne LC*	$1,519	$1,486
Operating Costs per tonne LC with potash and boric acid credits	($703)	($762)
Operating Costs per tonne KCl*	$170	$160
Average annual free cash flow*	$89 million	$150 million
Mine life	20+	20+
Annual production rate of potash*	51,000	85,000
Annual production rate of boric acid*	18,000	31,000
Projected commencement of production	2015	2015
Years to payback	1.6 years	1.5 years

*Averaged using years of full production, discounting ramp up period.
*Assumes average sale price of US$5,500/t LC; US$620/t KCl; and US$1,150/t boric acid.

The PEA is preliminary in nature, includes inferred brine resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the estimates of the PEA will be realized.
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 2011, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through scoping study.
The Company also holds 100% mineral rights to approximately 70,000 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.
Please visit the Company’s web site at www.rodinialithium.com or write us at info@rodinialithium.com. 

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

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 impact of the drill program at the Diablillos property and results of such drill program; the potential of the Diablillos property; anticipated timing with respect to the development 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

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Talison negotiates 15% increase in price for lithium through 2012!

Talison Lithium Limited

TSX : TLH

December 22, 2011 08:23 ET

Talison Lithium Concludes Negotiations for H1 CY12 Sales and Achieves a 15% Price Increase for All Products

PERTH, WESTERN AUSTRALIA--(Marketwire - Dec. 22, 2011) -
First Half Calendar 2012 Sales
Talison Lithium Limited ("Talison" or the "Company") (TSX:TLH) advises that it has concluded negotiations with its customers with regards to first half calendar 2012 sales. A price increase of 15% has been agreed with customers across Talison's entire product range. Approximately 75% of sales for the period have been contracted with the balance to be sold to other customers who typically contract on a shipment by shipment basis.

Bunbury Port Congestion
Due to berth closures and unplanned Port outages there is currently significant congestion at the Port of Bunbury impacting all Port users. This may result in approximately 38,000 tonnes of Talison's lithium concentrate sales that were ready at the Port for shipment earlier this month being delayed into early January 2012. A delay would reduce sales for the December quarter but is not expected to affect sales for the 2012 fiscal year.

1 Year Injury Free
Talison has recently passed an important milestone of one year lost time injury (LTI) free days at its Greenbushes Lithium Operations. This was achieved through the commitment of all employees and contractors towards safety. The milestone is especially notable as it was achieved during the presence of a large additional workforce on site as part of the current expansion of the Greenbushes Lithium Operations.

About Talison
Talison is a leading global producer of lithium. Talison has been producing lithium concentrate for a global customer network from the Greenbushes Lithium Operations in Western Australia for over 25 years. In addition, Talison explores for lithium at the Salares 7 lithium project made up of seven salars located in Region III, Chile.

Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this press release, including any information as to Talison's mineral reserve and mineral resource estimates, strategy, projects, plans, prospects, future outlook, anticipated events or results or future financial or operating performance, may constitute "forward-looking information" within the meaning of Canadian securities laws. All statements, other than statements of historical fact, constitute forward-looking information. Forward-looking information can often, but not always, be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "predicts", "potential", "continue" or "believes", or variations (including negative variations) of such words, or statements that certain actions, events or results "may", "could", "would", "should", "might", "potential to", or "will" be taken, occur or be achieved or other similar expressions concerning matters that are not historical facts. The purpose of forward-looking information is to provide the reader with information about management's expectations and plans. Readers are cautioned that forward-looking statements are not guarantees of future performance. All forward-looking statements made or incorporated in this press release are qualified by these cautionary statements.
Forward-looking statements are necessarily based on a number of factors, estimates and assumptions that, while considered reasonable by Talison, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Such factors, estimates and assumptions include, but are not limited to: anticipated financial and operating performance of Talison, its subsidiaries and their respective projects; Talison's market position; future prices of lithium or lithium concentrates; estimation of mineral reserves and mineral resources; realization of mineral reserve and mineral resource estimates; timing, amount and costs of estimated future production; grade, quality and content of concentrate produced; sale of production; capital, operating and exploration expenditures; costs and timing of the expansion of the Greenbushes Lithium Operations; exploration and development of the Salares 7 lithium project; costs and timing of future exploration; requirements for additional capital; government regulation of exploration, development and mining operations; environmental risks; reclamation and rehabilitation expenses; title disputes or claims; absence of significant risks relating to Talison's mining operations; the costs of Talison's hedging policy; sales risks related to China; currency; interest rates, and limitations of insurance coverage. While Talison considers these factors, estimates and assumptions to be reasonable based on information currently available to it, they may prove to be incorrect and actual results may vary.
Readers are cautioned that forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Talison and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risk factors include, amount others, those described in the unaudited condensed consolidated interim financial statements of Talison and the related notes thereto as at September 30, 2011 and for the three months ended September 30, 2011 and under the heading "Risk Factors" in the annual information form of Talison for the year ended June 30, 2011 dated September 23, 2011, each of which can be found on Talison's SEDAR profile at www.sedar.com. While Talison considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect and actual results may vary.
Although Talison has attempted to identify statements containing important factors that could cause actual actions, event or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this press release based on the opinions and estimates of management on the date statements containing such forward-looking information are made. Except as required by law, Talison disclaims any obligation to update any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.

Contact Information

Investor Relations:
ICR, LLC
Gary T. Dvorchak, CFA
Senior Vice President
+1 (310) 954-1123
Gary.Dvorchak@icrinc.com

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