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International Lithium Year End Summary - President's Update

Wednesday, May 2, 2012 9:22 AM


VANCOUVER, British Columbia, May 2, 2012 (GLOBE NEWSWIRE) -- http://internationallithium.com/s/NR_2012-05-01.asp

International Lithium is pleased to provide a corporate update as to the progress and completion of its first year as a public company on the TSX Venture Exchange.

"International Lithium has demonstrated very impressive exploration success this year, our team is extremely pleased with the advance of our projects to date, resultantly I would like to provide a more comprehensive update to our shareholders" - Kirill Klip, President of ILC.

MILESTONES:

  • Extensive 78 meter Mineralized Pegmatite with Extensive Lithium and Tantalum Zonation at Mavis Lake - Fairservice Lithium and Rare Metals Project, Ontario, Canada
  • High-Grade Lithium Boulder Field Discovery Significantly Extends Moylisha - Blackstairs Project, Ireland
  • Discovered Extensive Sand Layers Hosting Lithium - Boron and Highest Potash Grades in an Argentine Salar, - Mariana Brine Project, Argentina
  • Strengthened Strategic Partnership with Ganfeng Lithium 

International Lithium Corp. is a relatively new company in the public domain, nevertheless, we have been able to achieve important technical advancements and retain a very strong portfolio of development and exploration projects. Our commitment to success has seen a rapid advancement on the Mariana property with a realistic goal of Preliminary Economic Assessment within 18 months. As we continue to focus on our world class assets we will initiate further drill programs and explore the properties and partnership opportunities as they continue to arise.

This is an opportune and exciting time for us to be building a company that is transitioning with society and advancing into a post-carbon based economy.


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