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TSX.V:ILC FRA:IAH OTC:ILHMF
WKN:A1JAZU ISIN:CA4598201065

Press Release News Updates

Home 2011 International Lithium Set to Commence Drilling at the Mariana project

International Lithium Set to Commence Drilling at the Mariana project

November 28, 20112011John Wisbey

PHASE 1 DRILL PROGRAM TO COMMENCE
MARIANA LITHIUM BRINE PROJECT, ARGENTINA

Vancouver B.C.: International Lithium Corp. (“ILC” or the “Company”) is pleased to announce a Reverse Circulation drill rig has been secured for the forthcoming drill program at the Mariana lithium brine project in the province of Salta, northwestern Argentina.

Key Highlights:

  • Mariana Phase 1 resource delineation drill program commencing within two weeks;
  • Objective is to characterize the subsurface brine across different regions within the salar;
  • Extensive Phase 2 drill program planned for early next year; and
  • Inferred Resource estimate targeted for Q3-2012.

“We are anticipating not only the commencement of drilling within the next two weeks, but the first real step in quantifying the subsurface potential of the Mariana salar” Mike Sieb, President of International Lithium Corp. states. “This Phase 1 resource delineation drill program will provide a wide spaced characterization of the subsurface brine in preparation for an extensive follow-up program early next year.”

Mariana Drill Program

The Company will commence a 4-6 hole Phase 1 drill program on the Mariana lithium brine property in Argentina within the next two weeks. The goals include a) geochemical characterization of the subsurface brine across different regions within the basin, b) identification of the stratigraphy for a geological model of the salar, and c) identification and characterization of the aquifer potential of the basement of the salar. The Company’s intent is to utilize this drill program as a first step towards a resource classification of the brine. A more extensive drill program is planned for early next year that will focus on the priority areas of the salar identified through the current program. The objective of the subsequent Phase 2 drill program will be to continue to delineate, characterize and add to the confidence level of the geochemistry of the host aquifer; with an Inferred Resource estimate targeted for Q3-2012.

The site preparation for the Phase 1 drill program at Mariana is complete and a drill rig has been secured. Through April to June 2011 a 20-person fully operational camp was erected at site, a 25 kilometre drill road network was constructed across the salar and 8 drill platforms were prepared.

About the Mariana Project

The Mariana lithium brine project in Argentina, covering an expansive 160 square kilometres, revealed highly compelling geochemistry from a preliminary investigation that returned 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 in Chile.
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 element metals (“REM”) 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 REM 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 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 REM pegmatite properties. The key characteristics shared by the hard-rock REM 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 REM 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 Sieb
President — International Lithium Corp.

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Forward-Looking Information

Statements in this presentation other than purely historical information including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. This website 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 might vary materially from those described in this website. Readers should verify any & all claims and do their due diligence before investing in any securities mentioned. Investing in securities is speculative and carries a high degree of risk.

Qualified Person

Afzaal Pirzada, M.Sc., PGeo., Consultant to International Lithium and a “Qualified Person” as defined under NI 43-101, has reviewed and approved the technical content of this website.

International Lithium Corp. ILC:TSX.V

Suite 1910 – 1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3
+1 604-449-6520
+1 604-484-7143
info@internationallithium.com

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