International Lithium Corp. Options Blackstairs Project Further Strengthening Ties With Chinese Lithium Producer Jiangxi Ganfeng ILC.v, TNR.v

International Lithium Year End Summary - President's Update ILC.v, TNR.v

"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"

Prime Equity Research, LLC Initiates Research Coverage on International Lithium Corp. ILC.v, TNR.v

 

International Lithium Corp.- Global Portfolio of Lithium Assets ILC.v, TNR.v

Jul 30, 2012

ILC OPTIONS BLACKSTAIRS PROJECT FURTHER STRENGTHENING TIES WITH CHINESE LITHIUM PRODUCER JIANGXI GANFENG

Vancouver B.C. July 30, 2012: International Lithium Corp. ("ILC" or the "Company") (ILC: TSX-V) is pleased to announce that GFL International Co. Ltd, an investment company wholly owned by Ganfeng Lithium Co. Ltd. ("Ganfeng Lithium"), a leading China based multi-product lithium manufacturer has entered into a Letter of Intent ("LOI") option to earn a 75% interest in ILC's Blackstairs project in Ireland.

In recent discussions with GFL, a strategic partner and equity stakeholder in ILC, the Blackstairs project was identified as a highly prospective lithium exploration prospect. The Blackstairs project is located 80 kilometers south of Dublin in Ireland's Leinster Pegmatite Belt, an extensive lithium bearing pegmatite belt that extends for over 50 kilometers. ILC currently has a 100% interest in eight prospecting licenses covering 292 square kilometers. Evidence of high-grade lithium is identified at surface by boulder occurrences. Past exploration efforts were hampered by the lack of outcropping pegmatite. ILC will apply modern exploration technologies to highlight areas for drill testing.

Under the terms of the LOI GFL will earn a 75% interest in the Blackstairs project by:
1. Producing a bankable feasibility study within ten years of entering into the venture,
2. Incurring a minimum of $150,000 in exploration expenditures per year, and
3. Making $500,000 in cash payments to ILC over a three year period, $100,000 upon signing of a final agreement, $100,000 on the first anniversary and $300,000 on the second anniversary.

In addition, GFL has entered into a LOI to lend ILC a total of $2,000,000 to advance the Company's Mariana Lithium-Potassium Brine project in Argentina and for general corporate purposes.

Ganfeng will advance ILC $1 million as soon as possible with the second $1 million advanced within the following two months. The first $1 million advance, or portion thereof, is convertible into shares of the Company at a price of $0.10 per share, during the first year of the agreement. ILC will pay interest of 10% per annum, payable quarterly.

The term of the loan is for one year with the provision for ILC to extend to two years by issuing additional bonus shares.

GFL will receive a total of 500,000 bonus shares of ILC for the initial loan for one year with up to an additional 500,000 shares payable if the Company elects to extend the entire $2 million loan to two years.

Both the LOI's are non-binding with final agreements subject to approval by the Ganfeng Lithium Board, Chinese Securities Regulatory and Exchange Commission, the TSX Venture Exchange and any required Canadian Regulatory approvals.


"These transactions provide International Lithium with a tremendous opportunity to rapidly advance our assets and specifically propel us to the critical resource delineation stage of our main Mariana Lithium-Potassium brine project in Argentina. The support and confidence Ganfeng Lithium has given ILC is a testament to our success in identifying multiple high quality projects within our portfolio of assets." states Kirill Klip, President, International Lithium Corp.

"These transactions are in line with Ganfeng Lithium's long term goal to secure the raw material supply to meet the potential future demand on Lithium products." States Xiaoshen Wang, VP executive of Ganfeng Lithium.
International Lithium Corp.'s management is looking forward to advancing key projects and expanding the Company's operations to its full capabilities alongside strategic partner Ganfeng Lithium.

About Ganfeng Lithium Co. Ltd.

Ganfeng Lithium based in Xinyu, Jiangxi Province, China, is a professional producer of lithium products which has developed a comprehensive product chain, including lithium metal and alloys, inorganic and organic lithium chemicals, supplies a wide range of lithium products for primary and secondary lithium battery market, pharmaceutical and new material industries. Ganfeng's principal market is in China with international exports to Europe, Japan, USA and India. The company was founded in the year 2000, it was listed on the Shenzhen Stock Exchange in August 2010, notably as the first publicly listed lithium company in China and has experienced rapid continuous growth over the last 11 years.


About the Blackstairs Project

The Blackstairs project, comprised of eight mineral exploration licences totalling 292 square kilometres, is located 80 km south of Dublin straddling the Counties of Carlow and Wicklow in Leinster, south-east Ireland. The Property encompasses an extensive NE-SW oriented 50 kilometre long rare metals pegmatite belt situated within the East Carlow Deformation Zone along the eastern side of the Leinster Granite. Approximately 19 significant lithium pegmatite occurrences have been discovered within the Property to date primarily as boulder trails with five buried pegmatites known through past trenching and drilling.


Due to the prevalent overburden cover and scarcity of outcrop, prospecting for lithium pegmatite boulders was the most successful exploration method utilised to identify priority target areas. The Aclare House occurrence, situated in the center of the Property was initially discovered through this exploration approach.

A pre-NI43-101 historical resource of 570,000 tonnes grading 1.5% Li2O was reported at Aclare House. (A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources, the issuer is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.)

Other drilling highlights include 1.85% Li2O over 5.3 metres at Stranakelly and 1.66% Li2O over 9.4 meters at Moylisha.


The observed lithium bearing pegmatites and extensive boulder occurrences within the Property represent a highly prospective and underexplored region. In addition, the recent discovery of a high concentration of pegmatite boulders reporting grades exceeding 4% Li2O at Moylisha only serve to highlight the exploration potential of the Property.

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 exploration company with an outstanding portfolio of projects, strong management ownership, robust financial support and a strategic partner and keystone investor Jiangxi Ganfeng Lithium Co. Ltd., a leading China based lithium product manufacturer.

ILC currently has 9 active rare metals projects, well balanced between lithium-potash brines in Argentina, Nevada and hard-rock pegmatites in Canada and Ireland. The Company's primary focus is the Mariana lithium-potash brine project, a salar or 'salt lake', covering an expansive 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-potash brine project ranks as one of the more prospective salars in the region.

Complementing the Company's lithium brine projects are the rare metals pegmatite properties. The key characteristics shared by the hard-rock rare metals projects are their limited past exploration, excellent accessibility and limited assaying for rare metals. All of which imply a clear potential for additional exploration and development as well as added project value to meet the global technological growth in demand for the rare metals 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 of Directors,

Kirill Klip
President International Lithium Corp.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release 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 may vary materially from those described in the forward-looking statements.

 

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company

The LIBOR Rigging Scandal And What Else Is A Fraud In Our Financial System?

Gold Manipulation: London Trader - The LBMA Gold Price Fixing Scheme Is Over

"More and more news about manipulations of the different markets is coming to the surface now. It is too wide spread to conceal it any more. All markets are rigged: LIBOR, Gold, Silver - PPT is holding the market's breath every time at the crucial technical points. Crime of the century - Naked Short Selling will be next to finally turn this scam to the light of day. Goldman Sachs has managed to get to the front row in this dirty game as well."

LIBOR, Gold and Silver Market Manipulations: Please Meet The Next Headline - "Naked Short Selling"

Accidentally Released - and Incredibly Embarrassing - Documents Show How Goldman et al Engaged in 'Naked Short Selling'

  

The Price Of Gold Has Been Manipulated. This Is More Scandalous Than Libor - Is Naked Short Selling Next?

  "We continue our quest into the market manipulation universe, finally, mainstream is paying attention. LIBOR, Gold, Silver - what will be next now? Will it bring Naked Short Sellers into the hot place as well? Couple of whistle blowers can ignite now the huge rally in totally beaten into the dust mining juniors."

Business Insider: Everyone Is Passing Around This 'Whistleblower' Letter Claiming To Know About Market Manipulation At JPMorgan

"With today's news from JP Morgan the old article from Business Insider is taking the new context at least - what revelations will be next now? JP Morgan's name is all over the place with the recent scandals - we can not tell yet that it will become the "Next Lehman moment" which will unleash QE3 - but company's involvements in MF Global bankruptcy, PFG bankruptcy, Trading Loss Revelations and today's announcement about "cooking the books" are not leaving any room for "error".

The History Of Money And Why US Dollars Are Issued By Private Bank - Federal Reserve System

  "We are at the very important point in the history of the modern financial system. The recent events in Europe  are no less than ground-changing historical  development and the magnitude of it will be understood only many years later. European countries are giving up their Sovereignty in order to save the Euro zone. Now the history of money will be your guide to the new order, when the New Normal will be transformed into the New World Order. 

  Private FED manipulates all markets now and has the right at its own discretion to increase the FED rate at any moment, which will increase all interest rates in a chain: mortgage payments, car loans, student loans, credit card loans, business loans etc. Should FED decide to stop monetary expansion at some point: QEn+1 and Twists - yields on the Treasuries will explode. U.S. is at the total mercy of the unelected managers running the private bank. You would think: who can do such a thing, which will bring a total collapse to the world economy - watch the movies to get your own answer. The idea to buy the assets for pennies on the dollar can be irresistible again."

Europe Is One Step Closer To The End Game - New World Order

"We are on the verge of a global transformation. All we need is the right major crisis and the nations will accept the New World Order" 

David Rockefeller

Watch the movies End Game and Fall Of The Republic. 

  Europe is done now. New European Order is here - what is the Next Step? In one sentence - Keep your Freedom - Dump the Pump and Buy Gold. In the big picture you will have to study and think - to separate the truth and reality. This movie gives a very interesting context for the recent European events - what do they really mean for the future of Europe?

  Maybe the movie is too heavy - it is really about everything...but history is there, you just need to find it out, learn and make your own conclusions about what is true. FED, Eugenics, State Control - Facebook, Google, iPhones - we are happy to tell everybody about us, somebody knows everything what we are searching for and our location is reported literally every minute. 

  Conspiracy theory will not be the real conspiracy without President Kennedy - has he tried to return the Right to issue the U.S. Currency to the U.S. Government?

"Executive Order 11110 was issued by U.S. President John F. Kennedy on June 4, 1963.

This executive order delegated to the Secretary of the Treasury the president's authority to issue silver certificates under the Thomas Amendment of the Agricultural Adjustment Act."


  By the way, President Lincoln has tried it before:


"Despite strong opposition, President Lincoln signed the First Legal Tender Act,^[8] enacted February 25, 1862, into law, authorizing the issuance of United States Notes as a legal tender—the paper currency soon to be known as "greenbacks." In his correspondence, Lincoln credited Edmund Dick Taylor for his suggestion of the greenback currency, and named him "Father of the Greenback."

  Unfortunately for all of us, somebody did not like the idea of U.S. currency to be issued by U.S. Government and we have what we have now - US Dollar issued by privately owned bank called Federal Reserve System.


  It is not about George W Bush with his Family of Secrets or Barrack Obama - it is about the system. You know how President Obama is tough to the Wall Street on the TV: here is another movie to connect the dots - Goldman Sachs was the second largest contributor to Barrack Obama in 2008 elections, with JP Morgan, CitiGroup, UBS and Morgan Stanley among the Top 20 contributors. Mitt Romney knows Goldman Sachs as well - according to Ventura this bank manages Mitt Romney's blind trust and Goldman Sachs is the largest contributor to his campaign among other banks.


  We are out of politics, but if you are still an adept of Efficient Market Theory you should better watch at least these couple of movies - it could be your best investment this year. Question is not what is right or wrong there, but that you can start question things around you."

MineWeb: Commodities bull Mills particularly likes prospects for gold, silver and uranium

EXCLUSIVE - Bill Murphy's London Source: "Big Gold & Silver Moves Coming in August"

"Looks like a lot of things are happening behind the closed doors of the major banks these days. Reuters is talking today about arrests coming in Libor case and we guess that some traders will be thrown out from Bullion Banks once Gold and Silver manipulation news hits the headlines. Naked Short Selling in Gold, Silver and in junior miners will be next to surface and short covering should be very dramatic in its violent move."

Gold Manipulation: London Trader - The LBMA Gold Price Fixing Scheme Is Over

" More and more news about manipulations of the different markets is coming to the surface now. It is too wide spread to conceal it any more. All markets are rigged: LIBOR, Gold, Silver - PPT is holding the market's breath every time at the crucial technical points. Crime of the century - Naked Short Selling will be next to finally turn this scam to the light of day. Goldman Sachs has managed to get to the front row in this dirty game as well."

MineWeb:

Commodities bull Mills particularly likes prospects for gold, silver and uranium

Equity valuations have so far failed to keep pace with rising bullion prices, but that makes for some outstanding investor opportunities among a few particularly well-positioned juniors. Rick Mills is interviewed by The Gold Report.

Author: Sally Lowder
Posted: Monday , 23 Jul 2012 

COQUITLAM, BC - 

The Gold Report: Prices of the mining equities were languishing when we spoke in January, particularly precious metals equities, and we've had little respite since then. But you foresee potential for a bullish resurgence in gold equities. What's your rationale behind that outlook?

Rick Mills: I believe we're going to see higher levels of inflation. We're going through a deflationary bout now because most of the money issued by the Federal Reserve is actually parked at the Fed. It isn't out there being spent, so it's not causing inflation. It's basically just propping up the banks. When the banks start lending and when the money gets into circulation, we'll see increased levels of inflation and, of course, that will be good for gold.

TGR: Lack of access to capital for small business due to stringent credit requirements is one factor that has put a damper on the economy. What will prompt banks to ease up on credit standards?

RM: I'm probably going to stir up a little bit of controversy by saying so, but I firmly believe that the way out of the dilemma we're in is to spend more money. A lot of people don't agree. They think we should cut back on spending, raise taxes and go onto an austerity program. That is absolutely the wrong thing to do. Taxes should be reduced. I believe they should be spending a lot more money.

TGR: Who should be spending more money?

RM: World governments should implement massive global infrastructure maintenance and build-out programs, and put the money not into the banks but into the small businesses that will build the infrastructure. These small businesses are the ones responsible for most of the job creation. So, give the money directly to the small businesses. Hire them to do this infrastructure build.

Take a look at our global water supply problems, our highways, our bridges, the brownouts because our hydroelectric power corridors are so outdated, the switching stations literally melt when they overload. We can actually spend our way out of this. In a fiat currency regime, because nothing is anchored to gold, the only way to move forward is to keep spending money. We saw this when the U.S. Quantitative Easing Two stopped and the lack of liquidity immediately upset the markets. If we undertake the infrastructure build-out program and give the money to the small businesses that create jobs, as people get back to work, they'll have money, spend it and revive the economy. And it's not only the U.S.-every country in the world has an infrastructure deficit.

TGR: What would more capital distribution among small business mean for the price of precious metals?

RM: The moderate to high levels of inflation I anticipate will make gold a much more attractive asset. The banks will keep interest rates low to help stimulate business borrowing, and with low rates, typically below 2%, you've got higher rates of inflation than you are getting for interest. I wrote an article called "Six Percent Can Draw Gold from the Moon." With high levels of real returns people don't favor gold as an investment. But when rates are below 2%, the exact opposite happens, because the real rate of return is negative. For instance, if investors are getting 2% on bonds but the real rate of inflation is running at 3-3.5%, they actually lose purchase power because the real rate of return is negative 1-1.5%. So higher inflation just makes gold all that more attractive. It preserves purchasing power and, of course, the gold price is going up at the same time.

TGR: As we speak today, gold is up $25/ounce (oz), flirting with $1,600/oz. Given that-and the fact that gold is not only a store of value but also a hedge against inflation-where do you predict the gold price will go during the rest of the summer and into the fall?

RM: I honestly don't have a price prediction except that gold will go higher. When we talked last year, I was perfectly comfortable with $1,500/oz gold and thought that was a good price for it. Of course, it immediately spiked up to $1,900/oz but has come back to my range. I'm still perfectly happy with $1,500/oz gold. As more people catch on to the fact that they need to own some gold, the price will slowly rise.

TGR: Some people believe one of the reasons gold will go higher is because of the whispers we're hearing that the Bank for International Settlements (BIS) intends to reclassify gold as a risk-free asset in the context of the Basel III framework. Could you help our readers understand why that would be bullish for gold?

RM: Tier 1 capital is the core measure that regulators use to gauge a bank's financial strength. It typically consists mostly of common stock and disclosed reserves or retained earnings but it might also include non-redeemable, non-cumulative preferred stocks. The Basel Committee for Bank Supervision, known as the BCBS, which is the maker of the global capital requirements, also implemented the Basel III rules that form the basis for global bank regulation. The BCBS is studying makinggold a bank capital Tier 1 asset. Gold has typically been a Tier 3 asset, which means that it's been discounted at 50% of its current market value. With that discount, banks really never had reason to hold gold as an asset. If the BCBS raises gold to the level of a Tier 1 capital asset, though, banks could operate with far less equity capital than is normally required and gold would be the ultimate backstop for debt, currencies and bank equity capital. It would be a huge move, and making it would really propel some superior interest in gold.

TGR: Certain central banks, such as China's, are stockpiling gold already. If it becomes a zero-risk-weighted Tier 1 asset, countries all over the planet would start accumulating gold, which would of course drive up demand. What's the timeline on the BCBS decision?

RM: We simply don't know. But if it happens, you're going to see substantial demand for physical bullion and it's going to be a hugely important step toward gold's re-monetization. Moving from a Tier 3 to a Tier 1 asset would have gold compete directly as a safe-haven investment against bonds issued by over-indebted governments and yielding less than zero in inflation-adjusted terms-those negative real interest rates we discussed.

Another factor to bear in mind, one that isn't widely recognized, is that there is a huge shortage of good collateral; banks are increasingly accepting gold as collateral because they're reluctant to take each other's fiat currencies. So there's another huge step toward the re-monetization of gold.

TGR: That would certainly suggest increasing value for the shares of companies searching for and producing gold. Some of them are producing gold very profitably at well under $1,500/oz, and a number of them, juniors in particular, have significant gold resources in the ground-but in both cases, their share prices remain weak.

Mexico has been a great place to mine, whether it's gold or silver. Are you as bullish on silver as you are on gold?

RM: Yes, I am, but I think you invest in these companies because of management, not because it's either gold or silver. While I believe that silver trades more as an industrial metal than a monetary metal, it trades in lock-step with gold. Consequently, when gold goes parabolic for the reasons we discussed earlier, silver will ride right along with it. They're both going to be fantastic.

TGR: You're apparently bullish on uranium, too.

RM: Absolutely. The Japanese are turning reactors back on because the country has realized that the economy can't survive without nuclear power. Germany is finding out that the decision to shut down its nuclear power plants was perhaps a knee-jerk reaction to what happened at Fukushima-a political decision made in the haste of the moment and it is bitterly regretting it. I think we'll see a reversal there.

And, you know, the Megatons-to-Megawatts program with Russia will end next year. The American government did sell off some high-grade nuclear material but that was more of a political gesture in response to lobbying efforts on behalf of one of the more powerful Congressional districts to keep 1,200 people working. Uranium actually has been a very good contrarian play for a while, and now I believe we'll see much higher uranium prices over the coming years.

TGR: So you're fond of nickel, bullish on uranium and enthusiastic about precious metals companies. Is part of the rationale behind your thinking the idea that emerging economies and developing nations will be implementing infrastructure programs that need more energy, more steel and more base metals? Would you say you're generally a commodities bull?

RM: I am a commodities bull, and although everything you just said is true, it goes deeper. It goes to the fact that a discovery is a discovery, and the market rewards discoveries. It rewards finding a resource and doubling it and tripling it. It rewards companies that go from near-term producer status to producers with cash flow. It rewards management, those who go to work for shareholders, build value and run solid junior companies. It rewards those that run ahead of the herd.

To me it doesn't matter whether we're in a bull market for commodities or a soft market, this kind of quality, this kind of shareholder value-building, will be rewarded. It always has been and I see nothing going on now in the market to change that. When you add in what we talked about with inflationary pressures and gold potentially as a Tier 1 asset, I see this as a perfect time to be looking at these companies with great management teams and projects that can really increase their share value at any time.

TGR: Excellent summary, Rick. Thank you so much for your time.

Richard (Rick) Mills is the founder, owner and president of Northern Venture Group, which owns aheadoftheherd.com, as well as publisher, editor and host of the website. Focusing on the junior resource sector, Mills has had articles appearing on more than 400 different websites including: The Wall Street Journal, Safe Haven, Market Oracle, USA Today, National Post, Stockhouse, LewRockwell, Pinnacle Digest, Uranium Miner, Beforeitsnews, Seeking Alpha, Montreal Gazette, Casey Research, 24hgold, Vancouver Sun, CBS News, Silver Bear Cafe, Infomine, Huffington Post, Mineweb, 321Gold, Kitco, Gold-Eagle, The Gold/Energy Reports, Calgary Herald, Resource Investor, Mining.com, Forbes, FN Arena, Uraniumseek, Financial Sense, Goldseek, Dallas News, VantageWire, Resource Clips and the Association of Mining Analysts.

Article published courtesy of The Gold Report - www.theaureport.com"

Graphite, Gold and Lithium - Lomiko Starts 2012 Exploration at The Vines Lake Project LMR.v

  Lomiko is moving forward with its Gold property in addition to the Graphite dreams. CEO was constantly buying shares this spring and Graphite project is under exploration now. 

Graphite: The Newest "Next Big Thing"

  "Initial hype with graphite proved to be very short lived, but the real story is there and now the companies which can deliver will be coming out of the rubble in junior miners."

Lomiko Metals: Gold, Graphite and Lithium in the Americas LMR.v

  "Lomiko Metals has received permit to start drilling on its Graphite property. According to presentation, company is fully funded for this stage of exploration. There is no news about the recently announced financing, but we guess that results from the drilling program will provide further support to the stock. Now it is time to convert all promotion into the results. Graphite side of this story is the most interesting."

Lomiko Starts Exploration at the Previously Drilled Quatre Milles Graphite Property LMR.v

Strategic Commodities: Lomiko Metals – Exploring for Graphite in Quebec LMR.v

Lomiko’s Rapid Progress on Graphite Prospect Continues - CEO Buys Shares LMR.v

"We like to see, when CEO of the Lomiko Metals is constantly buying shares of the company. Upcoming drill program and resource estimation will be the pivotal point for Lomiko and can become the company maker."

Lomiko Starts 2012 Exploration at The Vines Lake Project

(Vancouver) LOMIKO METALS INC. (europe:ISIN)(wkn:A0Q9W7)(wkn:) ("Lomiko" or "the Company) Exploration Manager Lesley Hunt reports that the Lomiko geological team has started the summer exploration program at Vines Lake.

This program is designed to target anomalous Zinc values in soil on the western side of Vines Lake discovered in the 2011 exploration program. The current target comprises soil samples which are concentrated in a 1.5 by 1.0 km zone. Zinc values reported up to 2,429 ppm. One anomalous zone on the west side of the property measures roughly 122 hectares with an average zinc value of 425 ppm. Numerous barium and bismuth anomalies have also been outlined in the area, with results returning values up to 1,413 and 3.48 ppm, respectively.

Approximately 800 B-horizon soil samples will be taken to infill the known zinc in soil anomaly. The 2011 soil sample program was completed on 200m spaced N/S grid lines at 50m spaced sample stations. The 2012 soil sample program is being conducted to infill the known anomaly such that the sample grid spacing results in 100m spaced N/S grid lines at 25m spaced sample stations.

The Vines Lake Property is located in the Cassiar Gold Camp in the Liard Mining District of northwestern British Columbia. Lomiko Metals Inc. currently holds the rights to twelve contiguous mineral tenures comprising the property, totaling 5,407 Ha, (13,351 Acres). The 2012 Exploration program is being conducted on the original 3 claims acquired in 2006 totaling 1,209 Ha (2,987 Acres). The Vines Lake property has year round paved road access as the property's northern boundary crosses Hwy 37N, seven kilometers south of the unincorporated settlement of Jade City.

Due to the property's close proximity to formerly producing mines with a proven history in the Cassiar Mining Camp, it is the opinion of the company that potential exists on the 100% owned Vines Lake Property for discovering new high-grade gold vein systems. Also, there is a potential for other intrusion related mineralization in proximity to the Cassiar Batholith and its associated boundary contacts, over which Lomiko's Vines Lake property claims are located.

Cassiar Area Highlights:

oChina Minerals Mining Corporation has contracted out the exploration program currently underway at their Table Mountain and Taurus Gold properties by Equity Exploration. These properties are located adjacent to the Vines :Lake Property. A fully permitted 270 tonne per day, gravity and flotation mill, power plant, assay laboratory and tailings impoundment facility is owned by China Minerals. Approximately 316,000 ounces of gold have been produced at the adjacent Table Mountain Mine from 1979-2007 under various companies. Current Resource Estimates for the Table Mountain Mine are 21,471 tonnes grading 18.02 g/t indicated and 65,757 tonnes grading 24.3 g/t inferred were reported at the adjacent property in the May, 2010 NI43-101 Technical Report on the Table Mountain Property by C. Pearson and F.J. Bakker.

Vines Lake Highlights:

oTwo significant anomalies have been identified by geophysical surveys. The claims cover formations of the Sylvester group, which are known to contain productive zones of precious and base metal mineralization in the area. The Vines Lake Property is located approximately two kilometres southwest of the former Erickson gold mine. Highway 37 N bisects the property north to south providing excellent access.

Mr. Garth Kirkham, P.Geo is the Qualified Person for the Vines Lake Project and has reviewed the technical data in this news release.

For more information, please contact A. Paul Gill at 604-729-5312 or Email: info@lomiko.com. Website: www.lomiko.com .

On behalf of Lomiko Metals Inc,

Signed: "A. Paul Gill"

A. Paul Gill, President & CEO

We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Cornerstone and SolGold Plc sign definitive option agreement and announce $2.8 million first year exploration program for the Cascabel gold-copper-silver property, Ecuador CGP.v

  Cornerstone has signed another J/V agreement for Ecuador and has a lot irons in the fire now - this year is shaping very interesting for this company with its aggressive exploration plans. Insiders are buying shares in Cornerstone this season as well.

Cornerstone Announces Initial NI 43-101 Compliant Mineral Resource Estimate for the Cape Ray Gold-Silver Project, Newfoundland CGP.v

"One more junior is turning the corner now - some bids are coming in Cornerstone Capital Resources today."

Gold, Silver and Copper: Cornerstone announces further exploration programs on the Shyri property with Intrepid Mines, Ecuador CGP.v, IAU

"One more junior project generation company - Cornerstone Capital Resources is coming back to life with the strong partner to advance its Gold -Silver-Copper project in Ecuador."

Cornerstone Capital resources presentation.

Ecuador - Turning The Corner


Cornerstone announces receipt of environmental license for the Bella Maria project, Ecuador

Cornerstone and Thundermin Retain P&E Mining Consultants Inc. to Undertake a NI 43-101 Mineral Resource Estimate for the Whalesback Copper Deposit

Cornerstone and SolGold Plc sign definitive option agreement and announce $2.8 million first year exploration program for the Cascabel gold-copper-silver property, Ecuador


Mount Pearl, NL, Canada: Cornerstone Capital Resources Inc. ("Cornerstone") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) and SolGold Plc (formerly Solomon Gold Plc) ("SolGold") (AIM code: SOLG) announce that they have signed a definitive option agreement finalizing the terms of an option/joint venture arrangement for Cornerstone's 100% owned 5,000 hectare Cascabel gold-copper-silver property in northern Ecuador and replacing their letter of intent announced on April 10, 2012.

About Cascabel

The Cascabel property is located approximately 120 km north of Quito and 20 km south of the Colombian border. Access is very good via a paved road from the provincial capital city of Ibarra to San Lorenzo city, on the Pacific coast, and secondary gravel roads to the central part of the property. An environmental license for the initial exploration phase was granted by the Ministry of Environment on July 12, 2011. Exploration work including geology, geochemistry, geophysics and hand-dug trenching and pitting, is allowed for a 4-year period under this environmental license.

Terms of the agreement, a description of the property and preliminary exploration results were described in News Release 12-06, dated April 10, 2012. Maps showing the geology and exploration results to that date may be viewed at www.cornerstoneresources.com.

Exploration program

Cornerstone and SolGold have agreed to an aggressive first year exploration program totaling US$2.8M (covering the period May 2012 through April 2013), the first $800,000 of which is committed. This staged program includes 1:25,000 scale reconnaissance geological mapping, prospecting, stream sediment and rock sampling, and an airborne magnetic and radiometric survey which will cover the entire property. Detailed exploration will follow over the most prospective areas. Identified targets will be prioritized for drill testing in late 2012, pending receipt of requisite permits. An Environmental Impact Study required for advanced stage exploration (drilling) will be carried out later this year and a community relations program is currently being implemented.

Prospecting work began in May. A summary of exploration results will be announced as soon as the program is completed and all data received and compiled.

About Cornerstone

Cornerstone Capital Resources Inc. is a mineral exploration company based in Mount Pearl, Newfoundland and Labrador, Canada, with a diversified portfolio of projects in Canada, Ecuador and Chile, and a strong technical team that has proven its ability to identify, acquire and advance properties of merit. The company's business model is based on generating exploration projects whose subsequent development is funded primarily through joint venture partnerships. Commitments from JV partners constitute significant validation of the strength of Cornerstone's projects.

Further information is available on Cornerstone's website: www.cornerstoneresources.com or for investor, corporate or media inquiries, please contact:

Investor Relations:
Email: communications@crigold.com
North America toll-free: 1 (877) 277-8377

The link to a recent Corporate presentation is:
http://www.cornerstoneresources.com/i/pdf/Presentations_0412_CRICorporate.pdf

Investors can also access Cornerstone on Twitter

Cautionary Notice

This news release may contain 'Forward-Looking Statements' that involve risks and uncertainties, such as statements of Cornerstone's plans, objectives, strategies, intentions and expectations. The words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan," and similar expressions are intended to be among the statements that identify 'Forward-Looking Statements.' Although Cornerstone believes that its expectations reflected in these 'Forward-Looking Statements' are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views subsequent to the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements.

On Behalf of the Board,
Brooke Macdonald
President and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX

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