Pan American Lithium Corp. Announces the Commencement of Chilean Resource Estimate Study

Pan American Lithium Corp. ("Pan American" or the "Company") (TSX VENTURE:PL) is
pleased to announce that it has commenced a study at its 100% owned Laguna Verde
salar in Atacama Region III, Chile, in order to develop an inferred resource
estimate for lithium content compliant with National Instrument 43-101.


The Laguna Verde salar features a surface brine lake of approximately 15 square
kilometres in size. Pan American intends to run depth and bathymetric surveys of
the lake in order to determine an estimate of the volume of brines contained
therein. The Company also intends to take representative samples from various
traverses run across the lake, and have these samples analyzed by a certified
laboratory, in order to enable a professional geologist to render an estimate of
lithium or lithium carbonate equivalent contained therein. The Company expects
to deliver the results of this study sometime during the first calendar quarter
of 2010. Pan American believes the surface brines offer the potential to be of
the lowest cost and quickest to production of all of its Chilean assets.


Pan American has engaged John Hiner, L.P.G., for this exercise. Mr. Hiner
visited the Laguna Verde and other salars of Pan American in late 2009 and
authored the NI 43-101 Technical Report on the Company's Chilean salar projects
which was filed on SEDAR on November 13, 2009.


Pan American has an existing portfolio of rights in nine salars in Chile,
covering a cumulative area in excess of 11,500 hectares, all accessible via
serviceable roads. In addition, the Company recently announced a transaction
whereby it has the option to acquire 76% of the issued and outstanding shares of
Escondidas Internacional S.A. de C.V., a private Mexican company which is a
party to a joint venture regarding the development of lithium products from the
brine concessions at the Cierro Prieto geothermal power plant in Baja California
Norte, Mexico. The Laguna Verde salar, similar to its other Chilean property
interests, is subject to a 2% NSR to a maximum of US$6 million. The Company may
repurchase 1% of the NSR for US$2 million prior to the commencement of
commercial production.


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: (i) intends to run depth and bathymetric surveys and take
representative samples from various traverses run across the lake and have such
samples analyzed by a certified laboratory; (ii) expects to deliver the results
during the first calendar quarter of 2010; and (iii) believes the surface brines
offer the potential to be of the lowest cost and quickest to production. 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) the decision or inability to close
the Escondidas transaction for any reason; (ii) adverse market conditions; (iii)
a decrease in demand for and price of lithium; (iv) general uncertainties with
respect to mineral exploration in general; (v) changes in the political or
regulatory environment in Chile; (vi) 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.