Rodinia Lithium Inc. Closes Strategic Private Placement With China's Largest Li-ion Battery Materials Provider rm.v, tnr.v, lmr.v, alk.ax, sqm, fmc, roc, lit, li.v, wlc.v, clq.v, res.v, ree, avl.to, nsany, f, gm, rno.pa, dai, byddf, hev, aone, vlnc

    


  We have another deal in Lithium space - Rodinia Lithium has attracted strategic investment from Chinese Shan Shan. Last week Canada Lithium has announced investment with Black Rock affiliated company - big money managers and Lithium end users are coming into the sector now.
  Today first GM Volt is rolling off from the factory line and CNBC is on air from the GM to highlight this event all the day. Peak Oil revelations will bring more and more people to the realisation of the fact that Electric Cars are the way forward now. More than 6000 people test driven Chevy Volt during recent promotion sessions and many thousands more attended Nissan Leaf Test Drives all across the country.
  It is the very beginning, but this new trend can be changing our lives very fast - Electric Cars are coming on our drive ways now.
  In this light - of strategic importance of Lithium and REE for the new disruptive technology for the electrification of our transportation system - this transaction shows again that China and other asian countries are again way ahead of any North American corporations in realisation that secure supply of Lithium and REE will be the cornerstone of the post carbon economy.
   We are happy for the company and its shareholders, but only few Lithium projects left out there and majority of them have secured major strategic interests from Chinese, Japanese and Korean companies. Sadly, situation with REE did not provide lessons to anybody. Where are GE, GM, Ford, Corning, Dow, 3M, Boeing and Du Ponts of this world? Will we all be at the mercy of Lithium Opec one day?
  On our M&A radar screen here we have left only one company in Lithium space open for strategic partnerships - International Lithium Corp. to be spun out from TNR Gold. We hope that they are dating somebody interesting as well for their IPO.

"We have another hint into the recent M&A activity in Lithium space. Talison deal with Salares Lithium confirms real Chinese appetite for Lithium. Now it is time for Lithium Supply - China already controls 97% of Rare Earths market. Lithium output will be increased fivefold in Chinese Lithium province, but the real news is below from Reuters - it is only half of previously expected output and now Chinese companies are on the shopping spree among lithium developers. Who will be at the boardroom table next - only a few lithium brines plays are left without J/V partners and we are following here two of them: International Lithium and Rodinia Lithium. We expect M&A activity in lithium space to be continued during this summer months."

"Nov 29, 2010 07:30 ET

Rodinia Lithium Inc. Closes Strategic Private Placement With China's Largest Li-ion Battery Materials Provider

- Strategic Investor, Shanshan, Is One of the Leading Lithium-ion Battery Materials Providers in China and Is a Significant End User of Battery Grade Lithium Carbonate

- Shanshan Now Owns Approximately 7.6% of the Basic Common Shares Outstanding

- Private Placement Completed at a Premium to Market

TORONTO, ONTARIO--(Marketwire - Nov. 29, 2010) - Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM)(OTCQX:RDNAF), is pleased to announce that it has closed its previously announced non-brokered private placement financing of common shares of the Company ("Common Shares") at a price of $0.55 per Common Share for gross proceeds of $1,397,000. One strategic investor, Hong Kong Shanshan Resources Co., Ltd., a wholly-owned subsidiary of Ningbo Shanshan Co., Ltd. (SHA:600884; "Shanshan") has subscribed for the entire placement of 2,540,000 Common Shares (the "Private Placement").

Established in 1992 in Zhejiang province, China, Ningbo Shanshan Co., Ltd. is focused on two core business verticals: a) garment manufacturing and sales, and b) lithium-ion battery materials. After 10 years of development, Shanshan has become one of China's largest lithium-ion battery materials providers.

Rodinia intends to use the net proceeds from this private placement to continue the development of its key projects and for working capital purposes. Will Randall, President and CEO of Rodinia Lithium said "We expect that these funds, along with funds previously raised, will allow us to aggressively pursue development of Diablillos and to further our goal of delineating an NI 43-101 compliant resource on the property in the coming months. We are excited by the opportunity to work and consult with a leading lithium carbonate end user to unlock the value of our flagship Diablillos and Clayton Valley projects for the benefit of all Rodinia shareholders. It was a pleasure to have representatives of Shanshan visit our Diablillos property last month and we hope to continue developing our relationship."

Pursuant to the terms of the Private Placement, Shanshan has the right, subject to certain conditions, to nominate one director to the board of Rodinia. Upon completion of the Private Placement, and together with shares already owned prior to the Private Placement, Shanshan will own 5,140,000 Common Shares of the Company, representing approximately 7.6% of issued and outstanding Common Shares of the Company. In addition, Shanshan holds 1,300,000 common share purchase warrants of the Company, which upon exercise would result in Shanshan holding approximately 9.5% of the Company.

The Common Shares will be subject to statutory resale restrictions expiring on March 26, 2011. Closing of the private placement is subject to receipt of all necessary regulatory approvals, including final TSX Venture Exchange approval.

About Rodinia Lithium Inc.:

Rodinia Lithium Inc. is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. The Company is positioned to capitalize on the expected increase in demand for lithium carbonate that is projected to result from the anticipated paradigm shift to mass adoption and use of key lithium applications like lithium-ion batteries as well as glass ceramics, greases, pharmaceuticals etc.

Rodinia is currently exploring its Clayton Valley project in Nevada, USA, which surrounds the only lithium-brine producer in North America, and its Diablillos project in Salta, Argentina.

Please visit the Company's web site at www.rodinialithium.com or write us atinfo@rodinialithium.com. Follow us on Twitter: http://twitter.com/RodiniaLithium"

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