Lithium and Other Multi-Element Anomalies Confirmed at Valleyview, Alberta

   First Lithium Resources Inc. (the "Company") (TSX VENTURE: MCI)(PINK SHEETS: FLNTF)(FRANKFURT: MHN) is pleased to announce that assay results from the first phase of First Lithium's Valleyview oilfield brine sampling project have been received from AGAT Laboratories in Calgary.

To date, seven samples have been assayed from various oil/gas wells operating within First Lithium's MAIM permitted lands. All of the samples below were taken from the Company's most southerly block of claims, in the area of Fox Creek.

                     14-24-  05-25-  10-35-  09-34-  11-12-  13-13-    1/1A
                       060-    060-    060-    060-    062-    062-  06-19-
WATER ANALYSIS         19W5    19W5    19W5    19W5    18W5    18W5  059-20
Parameter      Unit 1811246 1811269 1811271 1811272 1811274 1811275 1755988
pH                      6.1     6.3       6     5.8     6.1       6     N/A
Bromide        mg/L      (i)     (i)     (i)     (i)     (i)     (i)    962
Total Boron    mg/L     124     122    13.8    96.2    82.7    81.2     200
Total Lithium  mg/L    73.5    73.4    8.98    58.3    31.5    30.5    93.2
Total
 Magnesium     mg/L    2200    2200     255    1820     870     701    2450
Total Calcium  mg/L   24300   25200    2610   19800    7460    6200 24400(x)
Total
 Potassium     mg/L    4880    4980     587    4050    2630    2750  5870(x)
Total Sodium   mg/L   56800   58800   12100   46800   23300   22800 59100(x)

Comments:     (i)Note: Not able to perform analysis due to the
                        matrix interference.
              (x)Note: Total Dissolved values

Several other well targets could not be sampled due to temporary shut ins waiting for higher gas prices to resume production. One sample was rejected by the lab with too high a volatile content to assay, presumably due to elevated hydrogen sulphide levels.

A report by the Alberta Research Council (Bulletin 62; Hitchon et al.,1995) discusses the region as having potential for very large resources of Lithium (Li) within formation waters of the Devonian aged Beaverhill Lake (aka Swan Hills) Formation and the Woodbend (aka Leduc) Formation. The above results confirm that highly anomalous Li levels are indeed present, in addition to significant concentrations of potassium (K), boron (B) and bromine (Br).

The formation waters sampled are from aquifers in 7 wells that are distributed across 40 km from 3 different producing oil and/or gas pools. Four samples were collected from formation waters associated with wells producing gas from the Beaverhill Lake Formation aquifer in the vicinity of Smoke Lake. The highest concentration of Li was 73.5 parts per million (ppm) from well 14-24-060-19W5. The Beaverhill Lake aquifer in the area of Smoke Lake is more than 50 km in length and ranges from 3.5 to 8 km wide.

A single formation water sample was collected from one of four producing gas pools in the Woodbend Formation in the vicinity of the Berland River. Formation water from Well 1/1A 06-19-059-20W5 yielded 93.2 ppm Li. Hitchon et al. (1995) report that a well from the same pool approximately 3.7 km northwest of the well sampled by First Lithium yielded 120 ppm Li.

The Company also sampled formation waters from two wells centered on the Beaverhill Lake Formation aquifer in the vicinity of Raspberry Lake. The highest concentration of Li obtained was 31.5 ppm Li. Hitchon et al. (1995), report that two wells in the Raspberry Lake area yielded 115 and 130 ppm Li from formation waters out of the Beaverhill Lake aquifer.

Negotiations for further sampling of a number of other high priority Devonian aquifer targets in the region of Fox Creek and Valleyview is in progress. The results will be reported on as they are made available. The Company is currently in the process of determining the most promising target aquifers and their wells for bulk sampling. First Lithium has been approached by two private companies for such bulk samples, in order to determine the most appropriate and effective methods for their individual multi-element brine processing technologies. The Company's goal is to effectively measure the viability of onsite multi-mineral processing facility(s) in Alberta, where extensive infrastructure already exists to potentially host such an operation.

ON BEHALF OF THE BOARD

Craig Naughty, President & CEO

This news release has been prepared on behalf of the First Lithium Resources Inc. Board of Directors, which accepts full responsibility for its contents. The contents of this release have been reviewed and approved by Michael Dufresne, M.Sc., P.Geol., a qualified person as defined by National Instrument 43-101.

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.

Contacts: First Lithium Resources Inc. Craig Naughty President & CEO [phone] or Toll Free:1(877) 669-0401 [phone] (FAX) [e-mail] www.firstlithiumresources.com