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PL First Potash Corporation

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Share Name Share Symbol Market Type
First Potash Corporation TSXV:PL TSX Venture Common Stock
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Pan American Lithium President Featured in CEOCFO Interview

21/07/2011 1:30pm

GlobeNewswire Inc.


First Potash Corporation (TSXV:PL)
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Pan American Lithium Corp. (TSX-V:PL) (OTCBB:PALTF) (the "Company" or "Pan American"), a company that engages in the acquisition, exploration, and development of mineral resource properties primarily in Chile and Mexico, announced today that the Company's CEO, Andrew Brodkey, was recently interviewed by CEOCFO, a weekly online publication which gives investors insight into the minds of business leaders from a broad spectrum of industries.

In the interview, Mr. Brodkey discussed the ongoing exploration of lithium taking place at multiple sites in Chile and Mexico, the Company's financial standing after its entrance into the American markets, as well as potential investor benefits associated with the ongoing rise of lithium's importance within the global marketplace. A full transcript of the interview is available on the Company's website at www.panamericanlithium.com.

About Pan American

In total, the Company has rights in eleven lithium-bearing salars in Chile's Atacama Region III, covering cumulatively more than 20,000 hectares, as well as an option to acquire an indirect interest in the Cierro Prieto geothermal lithium brine project in Baja California, Mexico. Each of these projects has the potential to produce lithium and other metals from surface lakes and subsurface brines. The Laguna Verde project is by far the most advanced, and was the subject of a National Instrument 43-101 compliant inferred resource estimate which reported over 512,000 tons of lithium carbonate equivalent and over 4.2 million tons of potash contained in the surface lake alone.

On Behalf of the Board,

PAN AMERICAN LITHIUM CORP. /s/ Andrew Brodkey 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. 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) inability of the Company to complete its business plan; (ii) a decrease in demand for and price of lithium or potassium; and (iii) general uncertainties with respect to mineral exploration in general. 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. Except as required by law, the Company does not intend to update these forward-looking statements.

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.

CONTACT: George McIntyre
         CEOcast, Inc.
         Tel: (212) 732-4300
         gmcintyre@ceocast.com

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