Ganfeng Lithium Co. Ltd. Exercises Option On International Lithium Corp.'s Blackstairs Lithium Project, Ireland ILC.v, TNR.v

International Lithium Corp., President's Update ILC.v, TNR.v

ILC Facebook with pictures from Ganfeng Lithium visit to Ireland.

International Lithium Presentation.

International Lithium Corp.:

GANFENG LITHIUM CO. LTD. EXERCISES OPTION ON INTERNATIONAL LITHIUM CORP.'s BLACKSTAIRS LITHIUM PROJECT, IRELAND

Vancouver B.C. October 1 , 2013: International Lithium Corp. ("ILC" or the "Company") (ILC: TSX-V) is pleased to announce that Ganfeng Lithium Co. Ltd. ("Ganfeng Lithium") has elected to exercise its option on the Blackstairs Lithium Project in Ireland. The option agreement between the two Parties (the "Blackstairs Agreement") gave Ganfeng Lithium an option to earn 51%, 75% or up to a 100% interest in ILC's wholly owned Blackstairs project in Ireland (NR_Oct02_2012). Ganfeng Lithium has elected to fulfill their obligations for the First Option, granting them a 51% ownership in the project, and informed the Company they will exercise their right to enter into the Second Option to earn a total 75% interest in the project. The option to earn a 100% interest in the project (the "Additional Option") expired on September 30, 2013 (NR_Jul31_2013).

Under the terms of the Blackstairs Agreement, in order to exercise the First Option, Ganfeng Lithium will advance $475,000 to ILC, of which $250,000 was received as an advanced payment (NR_Jul31_2013), within 30 days after the transfer of exploration rights for the Blackstairs Project are transferred into an Irish Company wholly owned by ILC through a trust agreement with TNR Gold Corp (TNR:TSX-V). Upon the exercise of the First Option, under the Blackstairs Agreement, the Parties will enter into negotiations to settle the terms and conditions of a formal joint venture agreement.

The Second Option states that Ganfeng Lithium can earn an additional 24% interest in the Blackstairs Project by incurring $10 million in expenditures on the Blackstairs Property or producing a positive feasibility study on the Property within ten years of the effective date. At the request of Ganfeng Lithium, the Company is preparing a budget proposal for the first two years of exploration on the Blackstairs Project, which will include regional scale reconnaissance work and detailed analysis of areas such as Moylisha and Aclare where historic mineralization is confirmed by Company drilling (NR_June25_2013).

"With the execution of these agreements International Lithium achieves a very important milestone with its strategic partner Ganfeng Lithium, currently building new production facilities to accommodate their aggressive expansion campaign. Securing a stable supply of raw materials containing lithium is a strategic issue as the world demand for electric vehicles increases and International Lithium is well positioned to address this need. A joint venture with Ganfeng Lithium on the Blackstairs Project will help to advance the exploration in Ireland in a timely manner," Kirill Klip, President, International Lithium Corp.

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 Lithium's principal market is in China with international exports to Europe, Japan, the USA and India. Ganfeng Lithium was founded in the 2000 and 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 12 years.

Blackstairs Project

The Blackstairs project, comprised of eight mineral exploration licenses totalling 292 square kilometres, is located 65 to 100 km south of Dublin straddling the Counties of Carlow and Wicklow in Leinster, southeast Ireland.  The Property encompasses an extensive NE-SW oriented 30 to 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 through boulder mapping with five buried pegmatites known through past trenching and drilling.

The Company has conducted preliminary testing on only two of the six main prospects located along the 35 kilometre lithium pegmatite belt (NR_June25_2013).

Key Highlights:

1. Pegmatite intersected at Aclare containing 2.23% Li₂O over 23.3m including 3.43% Li₂O over 6.0m drill width (true thickness is yet unknown).
2. Multiple pegmatite dyke intersections and 1.50% Li₂O over 5.60m at Moylisha are consistent with historical results and confirm the prospectivity of the area.
3. Step out drilling, 500m south of historical work at Moylisha, intersected lithium and other rare metal element mineralization within multiple, closely spaced, parallel pegmatites.

History
Lithium bearing pegmatites were first reported in the area in 1970.  In the period through to 1977, Irish Base Metals carried out a initial exploration program comprising prospecting, sampling, trenching and geophysical surveys culminating in 47 short boreholes totalling 2,300 metres at 4 of the 19 lithium pegmatite prospects over a number of seasons.

Due to extensive cover and scarce outcrops, prospecting for lithium bearing pegmatite boulders was the most successful exploration method utilized to identify historical target areas.  The location, size and frequency of pegmatite boulders within the dry stone walls that form field boundaries provided a reliable indication for the approximate position of buried pegmatites.  Trenching and drill testing was then used to confirm a bedrock source of the pegmatites.  The Aclare prospect, situated near the centre of the Property has witnessed the most exploration activity on the Property and was initially discovered through this exploration approach.

Thirty-three short drill holes totalling 1,703m were drilled at Aclare.  A pegmatite body up to 20 metres wide was delineated by drilling along more than 400 metres strike length and from this an historical resource estimate of 570,000 tonnes grading 1.5% Li2O was reported in 1976 by Irish Base Metals.  (A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources and the Issuer is not treating the historical estimate as current mineral resources. The historical estimate is included here for illustrative purposes only and should not be relied upon. Mineral exploration is by nature a highly speculative endeavour and there is no guarantee that further exploration work will result in the discovery and/or definition of a mineral resource at Blackstairs.)

Five drill holes, for a total of 163 metres, were drilled at the Stranakelly the most northeastern prospect in the pegmatite belt.  Lithium-bearing pegmatite mineralization was intersected in four of the holes with hole STK3 grading 1.85% Li₂O over 5.3 metres.

Five drill holes, for a total of 212 metres, were drilled at the Moylisha prospect situated approximately 10 km northeast of Aclare.  The width of the pegmatite body encountered varied between 5 and 10 metres with one hole grading 1.66% Li₂O over 9.4 metres.

Four drill holes, for a total of 280 metres, were drilled at the Seskinnamadra prospect situated approximately 8 km southwest of Aclare.  The narrow pegmatite intersections reported from the drilling does not explain the significant frequency and size of the lithium pegmatite boulders mapped in the area that suggests a potentially larger, yet to be discovered pegmatite body.

The observed lithium bearing pegmatites and extensive boulder occurrences within the Property represent a highly prospective and underexplored region.  In addition, the discovery (see news release 31 January, 2012) of a high concentration of pegmatite boulders including grades exceeding 4% Li₂O at Moylisha only serve to highlight the exploration potential of the Property.

John Harrop, PGeo, FGS, and Vice President, Exploration of the Company is a "Qualified Person" as defined under NI 43-101 has reviewed and approved the technical content of this news 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.
The Company's primary focus is the Mariana lithium-potash brine project, within the renowned South American "Lithium Belt" that is the host to the vast majority of global lithium resources, reserves and production. The 160 square kilometre Mariana project strategically encompasses an entire mineral rich evaporate basin that ranks as one of the more prospective salars or 'salt lakes" in the region.

Complementing the Company's lithium brine project are rare metals pegmatite properties in Canada and Ireland. These projects reported highly encouraging lithium mineralization in drill holes targeting pegmatites that are unexposed at surface (news releases dated April 3,2013 and June 25, 2013).

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" economy. By positioning itself with solid development partners and acquiring high quality grass roots projects at an early stage of exploration, ILC aims to be the green tech resource explorer of choice for investors and build value for its shareholders.

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 Note our Legal Disclaimer on the Blog, including, but Not limited to:

There are NO Qualified Persons among the authors of this blog as it is defined by NI 43-101, we were NOT able to verify and check any provided information in the articles, news releases or on the links embedded on this blog; you must NOT rely in any sense on any of this information in order to make any resource or value calculation, or attribute any particular value or Price Target to any discussed securities.

We Do Not own any content in the third parties' articles, news releases, videos or on the links embedded on this blog; any opinions - including, but not limited to the resource estimations, valuations, target prices and particular recommendations on any securities expressed there - are subject to the disclosure provided by those third parties and are NOT verified, approved or endorsed by the authors of this blog in any way.

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

Lithium Drive - Tesla Motors' Success Gives Electric Car Market a Charge

  Tesla Model S success is the game changer for Electric Cars. Tesla Motors is flying high now and will return the loans to DOE after the equity raise. While everybody else is listening to the Shale Gas and Oil bonanza Chinese companies are busy grabbing lithium resources all over the world.

International Lithium Corp. Arranges Loan From Strategic Partner, Jiangxi Ganfeng Lithium Co. Ltd. ILC.v, TNR.v

Lithium Drive: Tesla Model s Surprising Success Consumer Reports' Best Car Ever Tested

National Geographic:

Tesla Motors' Success Gives Electric Car Market a Charge

Josie Garthwaite

for National Geographic

Published May 21, 2013

Tesla Motors, the Silicon Valley electric carmaker, is riding high. The company reported its first ever quarterly profit this month and saw its stock price shoot upwards of $97 per share—an all-time high. At more than $10 billion, the company's market value is now greater than that of established automakers Fiat and Mitsubishi Motors.

And for icing on the cake, Tesla's first made-from-scratch car, the electric Model S sedan, has received a rare near-perfect score from Consumer Reports. Noting the difficulty of starting a successful auto company, evoltven Bill Ford, the executive chairman of Ford Motor Co., commented, "My hat's off to them."

The company is preparing to take advantage of its popularity on Wall Street by raising an estimated $648 million by selling a combination of shares and debt-like securities, to be repaid in 2018. Tesla CEO Elon Musk is set to personally purchase $100 million of shares in the offering. Tesla will curry public favor by using part of the proceeds to prepay some of the $465 million U.S. government loan that helped establish manufacturing of the Model S.

Tesla's upsurge comes at a time when a once-bursting field of EV start-ups is becoming littered with failed or sputtering ventures. Meanwhile, the established automakers have mixed sales results with their EVs, although customer satisfaction has been high. Nissan has seen accelerating sales of its Leaf after a slow start, with more than 62,000 of the EVs sold worldwide since 2010. For the Chevy Volt, a plug-in hybrid with a small gas engine that kicks in when its battery runs low on charge, sales of some 26,000 have not quite met General Motors' expectations. The cold reality is that the electric car business is still a work in progress. GM has said it loses money on every Volt sold. And much of Tesla's recent profit is due to California's regulatory incentives, rather than the sale of automobiles.

More than any other company, Tesla has helped transform the popular image of electric cars as nerdy golf carts for do-gooder greens to something that can be fun and luxurious and packed with cutting-edge technology. It pioneered a new generation of electric cars. Whether Tesla can rally mainstream consumers to the world of electric mobility, however, remains to be seen.

A Winner and Losers

Tesla's recent success marks a major achievement for the company and a rare moment in the history of automotive entrepreneurship. "Almost every other person who has tried to enter the automotive industry" for close to a century has failed, said Phil Gott, an automotive analyst for the research firm IHS.

Certainly the experience of other EV start-up companies bears out the challenges.  Fisker Automotive, the recipient of roughly $1 billion in private investment and $192 million in public funds, sold only about 2,000 of its plug-in hybrid luxury Karmas (priced from $102,000) before suspending manufacturing last year. The U.S. Department of Energy has pulled the plug on the rest of the half-billion-dollar loan originally awarded to Fisker in support of a plug-in hybrid sedan that never made it past prototyping. And Coda Holdings, parent company of the Southern California-based startup that set out to build affordable electric cars on a platform from China's Hafei Motor Co, has filed for bankruptcy after selling fewer than 100 cars and racking up $100 million in debt.

Would-be suppliers of batteries to these and other electric carmakers have fallen along the way. Fisker's battery supplier A123 Systems entered bankruptcy last year, as did Ener1, battery supplier and investor in a failed electric city-car effort by Norway's Think Global.

Tesla, too, has seen hard times. In its ten-year history, the company has experienced product delays, lawsuits, battery and transmission troubles, and coffers so low that it took a hefty portion of billionaire CEO Elon Musk's personal wealth to keep it afloat in 2008. "Just want to say thanks to customers & investors that took a chance on Tesla through the long, dark night," Musk tweeted last week. "We wouldn't be here without you."

Tesla, it's fair to say, has leveled up. The company is now at the point of building cars in its own facilities from the bottom up, thousands of them each month. Based on monthly sales data, the advocacy group Plug In America expects the generation of highway-capable plug-ins born in the last two years to reach 100,000 vehicles sold by the end of May. More than 7,500 of those are Model S sedans, which sell for about $70,000 to $100,000, depending on the size of the battery and options.

Mass Market and Upmarket

Nearly every major automaker has a pure electric model on the road or soon to launch. Many of them are derived from conventional models like the Chevy Spark, Honda Fit, and Fiat 500, and several will initially sell in limited numbers in only one or a few markets—most notably California, where large automakers are required to sell zero-emission vehicles. Others have aimed for a broader swath of the market. Nissan moved early on to sell its Leaf nationwide, and adoption has begun to accelerate beyond the historical EV capital on the West Coast, and the electric version of the Ford Focus now sells in 48 states.

Distinguishing itself from this pack, Tesla from the start cultivated an aspirational brand, modeling its retail experience after Apple's sleek stores and targeting elite customers who would drop six figures on an electronic gadget with a green aura. The company's inaugural model, the Tesla Roadster, wasn't for everyone (the tall or weak of budget, to start) or every purpose (no dice if you want to haul all the gear for band practice), but it looked sleek and drove like a dream.

To a wealthy and tech-savvy niche group, it was perfect. "For that target audience, the more exclusive, the more expensive, the more exotic, the better," said Gott, senior director of long range planning for IHS Automotive. Sure, the Roadster was more expensive than the Lotus Elise body it was based upon, but it was unique. "Cocktail conversation" about the Tesla technology and VIP quality of service, Gott said, was part of the attraction of owning one.

Analysts say that Coda and Fisker erred in opposite directions: one was too superficial, the other was not superficial enough. "Fisker's biggest mistake was thinking that design was everything," said Michael Omotoso, senior manager of global power train for the research firm LMC Automotive in Troy, Michigan. The Fisker Karma is a great-looking car that drew Justin Bieber and Leonardo DiCaprio among its earliest adopters. But it had serious flaws, including unimpressive fuel economy relative to other plug-ins, too much weight, and a price point above even luxury hybrids that wealthy buyers might consider as alternatives, such as the Mercedes-Benz S Class or Cadillac Escalade hybrids.

In contrast, Coda aimed early on to provide an electric version of the most basic sedan. The practical look and good-enough performance became a tough sell, however, as the company's costs and price estimates swelled. Once expected to sell for about $30,000, the Coda Sedan ultimately debuted at roughly $45,000. Whereas Tesla and Fisker marketed Louboutin-like luxury style and charged accordingly, Coda put out a generic look and charged designer prices.

After multiple delays during years in which the options available to EV shoppers in the United States grew from a solitary highway-capable model (the Roadster) to around ten in 2013, the Coda launch simply offered too little too late. The car ranks dead last in efficiency among all pure electric vehicles in the 2013 model year, racking up an estimated $850 in electricity costs each year. That's pretty good compared to top-selling conventional sedans like the Honda Accord, but not compared to the $500 annual fuel costs estimated for the Nissan Leaf, Fiat 500e, and Honda Fit EV, and Scion iQ EV—all of which carry a well-known car company's brand and warranty. To make matters worse, in the midst of its bankruptcy proceedings, Coda now has a "potential safety issue" on its hands and must issue a recall. Regulators have reportedly found in crash testing that side curtain airbags in the sedan "did not deploy as intended upon impact."

Aside from starting at the high end, Tesla also developed other streams of revenue in addition to building and selling cars. The company formed key partnerships with well-known automakers, including Mercedes-Benz and its parent company, Daimler, as well as Toyota. In the first three months of this year, Tesla reported $7 million in revenue from development services. Another $68 million, or roughly one in every eight dollars of revenue during the quarter, came from selling credits earned under California's zero emission vehicles (ZEV) program. About $17 million came from sales of "other regulatory credits."

But these credits are more of a bridge to a bigger vision than a lasting pillar of Tesla's business. "Right now, their profits come from selling EV credits to other companies," said Omotoso. "They need to start making money by selling cars." As Tesla recognized in its latest report to shareholders, ZEV credit prices are falling as more automakers come out with qualifying vehicles, and international sales are worth less in the ZEV credit market than U.S. sales. So as Tesla pursues global ambitions, the company expects the portion of its revenue coming from ZEV credits to decline.

Next in the pipeline from Tesla is an electric crossover called the Model X, which, after some delay, the company plans to roll out in late 2014, likely with a lower price tag than the Model S. Sales of this third-generation model "should help," said Omotoso, because one model is simply not enough to sustain a company for the long term. "The Model S is hot right now, but it will eventually cool off like all hot models. Then what?" he said. "Once the small group of wealthy, image- and environmentally conscious buyers have been satisfied, they have nowhere to go until they come out with another model." Based on the limited pool of buyers who can both afford the Model S and who want an alternative-fuel vehicle, he said Model S sales may already be close to peaking at an estimated 20,000 units in 2013.

As many gauntlets as Tesla has run so far, the company's biggest challenges may still lie ahead. The temptation to go too big, too fast—to think, "Gee, if I can make this much money selling hundreds of cars, think how much more I can make selling millions"—is a dangerous one, Gott said. It will take time for battery technology to advance to the point where is possible to sell a "no-compromise" electric car capable of driving hundreds of miles between charges at a competitive price point.

Electric cars today can meet many, if not most day-to-day mobility needs. They can spare drivers pain at the pump, and Tesla is building out a network of fast-charging stations for extra assurance and convenience on the road. But gasoline remains the default choice for most car buyers, and switching to electricity still requires some new habits and a different mindset. "Most customers don't buy technology. They buy utility, convenience, low-operating costs, style," said Gott. If Tesla's business plan anticipates and keeps pace with the evolution of batteries, he said, and "if Tesla can walk that tight rope without over-investing and losing money before the market is ready, they will succeed."

This story is part of a special series that explores energy issues. For more, visitThe Great Energy Challenge."

Lithium Drive: Tesla Model S Set to Beat Chevy Volt and Nissan Leaf in Q1 Sales

   Tesla Model S is winning the hearts of wealthy consumers now, next generation will bring the Electric Cars to masses.

Powered by LIthium: Tesla Model X revealed at the 2013 Detroit Auto Show

Next Step is Tesla Generation III: Bringing EVs to the Mass Market.

PCMAG.com

Tesla Model S Set to Beat Chevy Volt and Nissan Leaf in Q1 Sales

You might not think it at first, given the not-so-insignificant price difference between the vehicles, but Tesla Motors' Model S luxury sedan is allegedly set to best its rivals, the Chevrolet Volt and Nissan Leaf, in first-quarter vehicle sales for the first time in the company's history.

According to a new report from Bloomberg, Tesla is allegedly preparing to announce at least 4,750 sales of its Model S — with a base price of an eye-opening $69,000 — for the first quarter of the fiscal year. If so, that puts the company ahead of the 4,421 Chevy Volts and 3,695 Nissan Leafs sold within a similar time frame.

To put the vehicles into perspective financially, the Volt starts at a base price of $39,900 and the Leaf starts at $28,000 – recently dropped as of January of this year, and now quite less than half the base price of the aforementioned Tesla Model S.

Tesla's projections come on the wake of its previous announcement that the company is expecting its first-ever quarterly profit for this first quarter, thanks to strong sales of the Model S. Unfortunately, those looking to score a cheaper version of Tesla's electric vehicle were also hit with a bit of news during Tesla's financial tease. At that time, Tesla also indicated that was dropping its lower-cost version of the Model S — the variant of the car that came with a 40 kWh battery capable of a mere 160 miles of driving range.

To Tesla's credit, roughly four percent of all Model S purchases were for this lowest-end iteration of its electric cars. Those who had previously purchased a since-cancelled 40-kWh Model S were all given upgrades to the 60-kWh version of the vehicle with one key caveat: The range and battery output have been limited, via software, to give the vehicle the same capabilities as the 40-kWh Model S. Those who want to "unlock" their cars to their fullest potential have to pony up an additional $10,000 – the difference between the 40-kWh and 60-kWh versions of the cars.

However, there's a silver lining to the "upgrade." By using the 60-kWh battery, previous 40-kWh buyers – though limited – are at least able to tap into the Tesla Supercharger network that the 40-kWh versions of the car couldn't actually access. Said Supercharger stations, sprinkled around the country, allow Tesla drivers to charge up their batteries to half after around 30 minutes of sitting around and connecting up to the 90-kW charging station.

Tesla recently announced that it has expanded its battery warranty program to cover virtually anything that happens to the all-so-important heart of its vehicles, save for any kind of malicious abuse of the battery like "blowing it up" or "using it for target practice," to slightly paraphrase Tesla CEO Elon Musk.

Additionally, Tesla will also begin to offer top-of-the-line Model S "loaner" cars for those whose Tesla vehicles need servicing. Tesla itself will pick up the to-be-looked-at vehicle and drop off an 85-KwH Model S or Tesla Roadster for the customer to use as long as he or she needs to – and the loaner cars will be offered for sale, should a person end up wanting to hold onto their rental for a wee bit longer."

Peak oil isn’t dead: An interview with Chris Nelder

The Washington Post:

Peak oil isn’t dead: An interview with Chris Nelder

"Warnings about “peak oil” have been with us since the OPEC crisis in the 1970s. At some point, the experts said, the world would hit a limit on how much oil could be extracted from the ground. Production would then drop, prices would soar, chaos would ensue.

But after a worrisome series of price spikes starting in 2007, oil triumphalism is once again ascendant. Companies are now using new technologies to extract crude from hard-to-reach sources, from the tar sands of Alberta to shale formations in North Dakota. After decades of decline, U.S. oil production has risen to its highest levels since the 1990s. And that’s led many analysts and journaliststo confidently declare that “peak oil is dead.”

Not everyone’s convinced, however, that oil is really on the verge of a new boom. Energy analyst Chris Nelder, for one, has spent a lot of time scrutinizing the claims of the oil triumphalists. Our newfound oil resources, he argues, aren’t nearly as promising as they first appear. And peak oil is still as relevant as ever.

I talked to Nelder by phone this week. A lightly edited transcript follows."

Oil Smoke and Mirrors

 "Shale Oil will save us all? Peak Oil  is the forbidden subject now - millions were spent on mass media just to bring the false security, but it is out there and we have only a very small time gap before it."

International Lithium Corp. Reports Drilling Underway At Blackstairs Lithium Project, Ireland ILC.v, TNR.v

International Lithium Corp. Reports High Grade Lithium from Mavis Lake, Ontario ILC.v, TNR.v

"Vancouver B.C. April 3, 2013: International Lithium Corp. ("ILC" or the "Company") (ILC: TSX-V) is pleased to announce lithium and associated rare metal assay results from the remaining eight drill holes of the recent 19 hole (2,075 metre) diamond drill program on the lithium and rare metals pegmatite field spanning the contiguous Fairservice and Mavis Lake claim blocks near Dryden, Ontario.

Key Highlights

1.34% Li2O over 8.50m intersected in MF-12-33

1.05% Li2O over 10.85m intersected in MF-12-34

1.06% Li2O over 10.75m intersected in MF-12-36"

International Lithium Presentation.

International Lithium Corp. Reports Drilling Underway At Blackstairs Lithium Project, Ireland

International Lithium Corp. ILC

4/9/2013 10:11:00 AM

International Lithium Corp. Reports Drilling Underway At Blackstairs Lithium Project, Ireland

(via Thenewswire.ca)

Vancouver B.C. April 09, 2013: International Lithium Corp. ("ILC" or the "Company") (ILC: TSX-V) reports that drilling is underway at the Blackstairs Lithium Project in Ireland. Further to the Company's news release dated November 4, 2012 and in association with strategic partner Ganfeng Lithium Co. Ltd. ("Ganfeng") headquartered in Jiangxi, China, the ongoing work at Blackstairs has intersected spodumene-bearing pegmatites in drill core at the Aclare House prospect.

Aurum Exploration Services, an Irish geological consultancy, reviewed historical deep overburden sampling, conducted lithogeochemical sampling, soil geochemical sampling and ran electrical resistivity tests over known pegmatite occurrences that are situated under variable thickness overburden. The results from these studies are now being utilized for drill targeting in conjunction with confirmation drilling of historical work. The drilling is expected to occur at two prospects, Aclare House and Moylisha, each with historical records of lithium and rare earth element mineralization. The work is being carried out as part of the "due diligence" stage of Ganfeng's increasing partnership in this project in which it can earn up to a 100% interest (NR dated Oct 2, 2012). Diamond drilling is expected to be complete by the end of April 2013.

"Based on our experience at other lithium pegmatites we are encouraged by the coarse grained, spodumene bearing intersections we have encountered. This is a key step in re-establishing the historical work in the area and we look forward to forthcoming assay results," notes Mr. John Harrop, VP Exploration, who is currently visiting the site to observe progress during the preliminary drilling.

Kirill Klip, President of International Lithium Corp. states, "I am pleased to report the initial kickoff to the Blackstairs exploration Project in Ireland has met ILC's objectives as we continue to take strides forward in identifying the potential of the property and working closely with our joint venture partner Ganfeng Lithium at advancing our operations."

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.

Lithium bearing pegmatite occurrences were first reported in the area in 1970. In the period through to 1977, Irish Base Metals carried out a preliminary exploration program comprising prospecting, sampling, trenching and geophysical surveys culminating in 47 short boreholes totalling 2,300 metres at 4 of the 19 lithium pegmatite occurrences over a number of seasons.

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 relative location, size and quantity of pegmatite boulders within the dry stone field boundaries provided a reliable indication for the approximate position of buried pegmatites. The Aclare House occurrence, situated in the center of the Property has witnessed the most exploration activity on the Property and was initially discovered through this exploration approach.

Thirty-three short drill holes totalling 1,703m were drilled at Aclare House. A pegmatite body up to 20 metres wide and traced for more than 400 metres along strike was delineated and a pre-NI43-101 historical resource of 570,000 tonnes grading 1.5% Li2O was reported. (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.)

Five drill holes, for a total of 163 metres, were drilled at the Stranakelly occurrence situated proximal to the northeast Property boundary. Lithium-bearing pegmatite mineralization was intersected in four of the holes with hole STK3 grading 1.85% Li2O over 5.3 metres.

Five drill holes, for a total of 212 metres, were drilled at the Moylisha occurrence situated approximately 10 kms northeast of Aclare House. The width of the pegmatite body encountered varied between 5 and 10 metres with one hole grading 1.66% Li2O over 9.4 metres.

Four drill holes, for a total of 280 metres, were drilled at the Seskinnamadra occurrence situated approximately 8 kms southwest of Aclare House. The narrow pegmatite intersections reported from the drilling does not explain the significant frequency and size of the lithium pegmatite boulders mapped in the area that suggests a potentially large yet to be discovered buried pegmatite body.

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, FGS, is the Company's Qualified Person on the project as defined under NI 43-101 and has reviewed the technical information contained in this press release.

About Jiangxi 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 Lithium's principal market is in China with international exports to Europe, Japan, the USA and India. Ganfeng Lithium was founded in 2000 and 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 12 years.

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.

The Company's primary focus is the Mariana lithium-potash brine project in Argentina within the renowned South American 'Lithium Belt' that is host to the vast majority of global lithium resources, reserves and production. The 160 square kilometre Mariana project strategically encompasses an entire mineral rich evaporite basin that ranks as one of the more prospective salarsor 'salt lakes' in the region.

Complementing the Company's lithium brine projects are rare metals pegmatite properties in Canada and Ireland that have revealed through recent highly positive results a clear potential that the Company will advance with the support of its strategic partner, Ganfeng Lithium. These projects can add distinct value as the Company strives to source rare metals to help meet the increasing demand through the growth in global technologies that utilize the rare metals suite of elements.

With the increasing demand of high tech applications in battery and vehicle propulsion technologies, lithium and other rare metals are no doubt the metals of tomorrow's green tech economy. By positioning itself with solid development partners and projects with significant resource potential, ILC aims to be the green tech resource developer of choice for investors and build value for its shareholders.

International Lithium mission is to find, explore and develop projects which have the potential to become world class lithium, potash and rare metal deposits.

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 Note our New Legal Disclaimer on the Blog, including, but Not limited to:

There are NO Qualified Persons among the authors of this blog as it is defined by NI 43-101, we were NOT able to verify and check any provided information in the articles, news releases or on the links embedded on this blog; you must NOT rely in any sense on any of this information in order to make any resource or value calculation, or attribute any particular value or Price Target to any discussed securities.

We Do Not own any content in the third parties' articles, news releases, videos or on the links embedded on this blog; any opinions - including, but not limited to the resource estimations, valuations, target prices and particular recommendations on any securities expressed there - are subject to the disclosure provided by those third parties and are NOT verified, approved or endorsed by the authors of this blog in any way.

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