Pan American Lithium Corp. Announces Time Extension for Chilean Resource Estimate Study

On January 28, 2010 Pan American Lithium Corp. (TSX VENTURE:PL) ("Pan American"
or the "Company") announced that it expected to deliver by the end of March
2010, the results of a study at its 100% owned Laguna Verde salar lake in
Atacama Region III, Chile, in order to develop an inferred resource estimate for
lithium content compliant with National Instrument 43-101.


The major earthquake last weekend in the country of Chile has disrupted
transportation to and services within the country. Even though Pan American's
projects are over 1000 kilometres distant from the damaged areas, and are
otherwise unaffected, the Company has adjusted its timeline and now anticipates
that the Laguna Verde resource estimate will be completed by April 30, 2010.


On Behalf of the Board,

PAN AMERICAN LITHIUM CORP. 

Andrew A. Brodkey, President and CEO

This press release contains projections and forward-looking information that
involve various risks and uncertainties regarding future events. Such
forward-looking information can include without limitation statements based on
current expectations involving a number of risks and uncertainties and are not
guarantees of future performance of the Company such as the statement that the
Company anticipates that the Laguna Verde resource estimate will be completed by
April 30, 2010. There are numerous risks and uncertainties that could cause
actual results and the Company's plans and objectives to differ materially from
those expressed in the forward-looking information, including: (i) adverse
market conditions; (ii) a decrease in demand for and price of lithium; (iii)
general uncertainties with respect to mineral exploration in general; (iv)
changes in the political or regulatory environment in Chile; (v) inability to
raise required financing or execute the Company's business plan. Actual results
and future events could differ materially from those anticipated in such
information. These and all subsequent written and oral forward-looking
information are based on estimates and opinions of management on the dates they
are made and are expressly qualified in their entirety by this notice.