Vancouver, B.C. February 22, 2017: International Lithium Corp. (the “Company” or “ILC”) (TSX VENTURE: ILC.V) is pleased to announce the appointment of Patricia Fong as Chief Financial Officer and further additions to the Company’s management team.
Patricia Fong, CPA, CMA, brings over twenty years experience working with public companies in the resource sector. For eleven years, she held the role of Controller for the Lundin Group of Companies and since 2009, she has served as Chief Financial Officer and Corporate Secretary for several public resource companies. Ms. Fong is also fluent in Mandarin and Cantonese which will be an appreciable asset to the Company.
Ms. Fong replaces Maurice Brooks who had taken on the role of Chief Financial Officer on an interim basis earlier this year (Company news release, January 25, 2017). Mr. Brooks, recently appointed to the board of directors of ILC (Company news release, February 16, 2016), will remain a special advisor to the Company in the capacity of strategic risk management and internal audit.
The Company is also pleased to announce that Nancy La Couvée has joined the management team to assist in all aspects of corporate development, including corporate compliance, administration and shareholder communications. Ms. La Couvée has over twenty years of experience acting as Corporate Secretary of a number of public and private internationally focused companies.
The Company also welcomes Afzaal Pirzada, M.Sc., P.Geo., as a consultant to the Company. Mr. Pirzada is a Professional Geoscientist with over thirty years of experience in mineral exploration and mining with specific expertise in raw materials such as lithium, rare earth elements, graphite, PGE and uranium, that are required for today’s high tech energy industries. He was previously President, CEO and Director of Rock Tech Lithium and is registered as a Professional Geoscientist with the Association of Professional Engineers and Geoscientists of British Columbia. Mr. Pirzada is a Qualified Person as defined by NI 43-101. He joins ILC as a Chief Technical Consultant and will act as the Company’s Qualified Person as required.
“I welcome each of our new team members and am confident that their high level of professional experience will help to move ILC forward with its new business strategy, creating value for our shareholders while maintaining the highest standards of corporate responsibility.” Kirill Klip, Chairman, President and CEO of International Lithium Corp.
John Harrop has resigned from his position as Vice President Exploration. The Company would like to thank Mr. Harrop for his many years of service and his technical guidance in helping to build the Company’s current portfolio of projects.
About International Lithium Corp.
International Lithium Corp. is an exploration company with an outstanding portfolio of projects, strong management, robust financial support, and a strategic partner and keystone investor Ganfeng Lithium Co. Ltd., a leading China based lithium product manufacturer.
The Company’s primary focus is the stratetegic stake in the Mariana lithium-potash brine project (including 10% back-in right), a joint venture with Ganfeng Lithium Co. Ltd. within the renowned South American “Lithium Belt” that is the host to the vast majority of global lithium resources, reserves and production. The Mariana project strategically encompasses an entire mineral rich evaporate basin, totalling 160 square kilometres, that ranks as one of the more prospective salars or ‘salt lakes’ in the region.
Complementing the Company’s lithium brine project are three rare metals pegmatite properties in Canada known as the Mavis, Raleigh, and Forgan projects, and the Avalonia project in Ireland, which encompasses an extensive 50km-long pegmatite belt. The Avalonia project is under option to strategic partner Ganfeng Lithium and the Mavis and Raleigh projects with strategic partner Pioneer Resources Limited (ASX:PIO). The Mavis, Raleigh and Forgan projects together form the basis of the Company’s newly created Upper Canada Lithium Pool designated to focus on acquiring numerous prospects with previously reported high concentrations of lithium in close proximity to existing infrastructure.
With the increasing demand for high tech rechargeable batteries used in vehicle propulsion technologies and portable electronics, lithium is paramount to tomorrow’s “green-tech”, sustainable economy. By positioning itself with solid strategic partners and acquiring high quality assets for the Energy rEVolution supply chain, ILC aims to be the partner of choice for investors in green-tech and to continue to build value for its shareholders.
On behalf of the Board of Directors,
Chairman, President and CEO, International Lithium Corp.
For further information concerning this news release please contact +1.604.687.7551
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Cautionary Statement Regarding Forward-Looking Information
Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “will”, “could” and other similar words, or statements that certain events or conditions “may” or “could” occur. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled “Forward-Looking Statements” in the interim and annual Management’s Discussion and Analysis which are available at www.sedar.com. While our management believes that the assumptions made are reasonable, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.