Rodinia Lithium Announces Closing of Non-Dilutive Potash Stream Financing for Gross Proceeds in the Amount of $4,500,000

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Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM)(OTCQX:RDNAF)
is pleased to announce that it has closed its previously announced potash stream
financing and has issued 4,500,000 units at a price of $1.00 per unit for
aggregate gross proceeds of $4,500,000 (See Press Releases dated April 2, 2012
and June 14, 2012). Each unit (a "Unit") consists of one Cumulative Rate Reset
Non-Voting Potash Stream Preferred Share (a "Potash Stream Preferred Share" or
"Preferred Share") and one-half (1/2) of a common share purchase warrant
("Warrant"). Each whole Warrant will entitle the holder thereof to acquire one
common share of the Company at a price of $0.45 for a period of 18 months
following the closing date of the Offering. The Units and the underlying common
shares remain subject to statutory resale restrictions which expire on October
27, 2012. At the Company's annual and special meeting of shareholders held on
June 18, 2012, shareholders approved, among other things, the creation and
issuance of the Preferred Shares.


William Randall, Rodinia's President & CEO, commented "This financing enables
the Company to continue development of its flagship Diablillos lithium-potash
deposit and sets us on our path to completion of a Feasibility Study and what we
believe will be the eventual production of lithium and potassium products from
the salar. Additionally, the closing of this financing is a significant
corporate achievement given the current challenges in the capital markets. We
have found a creative way to raise capital with very minimal dilution for common
shareholders. Based on the pricing of the Preferred Shares, the implied
valuation for our potash stream is $20 million, which exceeds Rodinia's current
market capitalization and places no value on our significant lithium production
potential. Our challenge moving forward is to continue to advance this asset to
production while correcting the Company's underlying valuation."


Holders of the Potash Stream Preferred Shares will be entitled to receive a
cumulative, preferential cash dividend linked to the potash price and to the
revenue generated by the Company from its potash by-product sales from its Salar
de Diablillos Project, located in Salta Province, Argentina (the "Project").


Initially, each Potash Stream Preferred Share will provide, if and when
declared, for an annual cumulative preferential cash dividend at a floating per
share rate over the issue price of 9% plus a potash price adjustment, payable
annually on the last day of January following the relevant completed fiscal
year, with respect to the initial period commencing upon the issuance of the
Preferred Shares and ending December 31 of the first year of initial potash
production.


Thereafter, the dividend rate will be reset such that the holders of Potash
Stream Preferred Shares shall be entitled to receive, if and when declared,
quarterly dividends in an amount equal to the total amount of net potash revenue
generated from the Project for that quarter divided by 20,000,000 (being the
maximum number of Preferred Shares that will be authorized in the capital of the
Company). After the reset, any such dividend, if and when declared, shall be
paid on the last day of the month following the quarter in respect of which such
dividend is payable. Net potash revenue shall be calculated based on the
quantity of potash sold and the potash sales price realized less a potash
production cost of US$185.00 per tonne of potash sold.


The Potash Stream Preferred Shares will not be retractable, convertible or
redeemable by the holder thereof. They will be redeemable by the Company in
certain circumstances.


Closing of the Offering will be subject to the receipt of final TSX Venture
Exchange approval. Net proceeds of the Offering will be used to finance further
development of the Project and will go toward completion of a Feasibility Study,
and for general corporate purposes, including working capital.


This press release does not constitute an offer of securities for sale in the
United States. The securities being offered have not been, nor will be,
registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold within the United States absent U.S. registration or an
applicable exemption from U.S. registration requirements. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the Common Shares or Warrants in any jurisdiction in
which such offer, solicitation or sale would be unlawful.


About Rodinia Lithium Inc.:

Rodinia Lithium Inc. is a Canadian mineral exploration and development company
with a primary focus on Lithium exploration and development in North and South
America. The Company is also actively exploring the commercialization of a
significant Potash co-product that is expected to be recoverable through the
lithium harvesting process.


Rodinia's Salar de Diablillos lithium-brine project in Salta, Argentina,
contains a recoverable resource of 2.82 million tonnes lithium carbonate
equivalent and 11.27 million tonnes potassium chloride equivalent. The project
contains a recoverable inferred resource of 952,553,000 m3 grading 556 mg/L
lithium and 6,206 mg/L potassium. Throughout 2012, Rodinia will focus on
continuing to develop the Diablillos project by completing additional drilling
and advancing through feasibility study.


The Company also holds 100% mineral rights to approximately 70,000 acres in
Nevada's lithium-rich Clayton Valley in Esmeralda County, and is currently in
the process of assessing the size, quality and processing alternatives of this
deposit. The Clayton Valley project is located in the only known lithium-brine
bearing salt lake in North America, and looks to represent the only new source
for domestic lithium carbonate supply.


The Projects are supervised by Ray Spanjers, Rodinia's Manager of Exploration.
Mr. Spanjers is considered a Qualified Person, as defined by National Instrument
43-101, and has read and approved the scientific and technical information
contained in this press release.


Please visit the Company's web site at www.rodinialithium.com or write us at
[e-mail]. 


Cautionary Notes

Except for statements of historical fact contained herein, the information in
this press release may contain or refer to forward looking information within
the meaning of applicable securities laws, based on current expectations,
including, but not limited to, receipt of final TSX Venture Exchange approval
for the Offering, mineralization projections, future exploration priorities,
estimates and costs, projected capital and operating expenditures, future
exploration plans and techniques, estimates regarding the timing and costs of
exploration, mineral prices and future exploration plans. Forward looking
statements are subject to significant risks and uncertainties, including those
risks identified by the Company in the prospectus and the annual information
form of the Company, which is available under the SEDAR profile of the Company
on SEDAR, and other factors that could cause actual results to differ materially
from expected results. Estimates and assumptions are based on extensive
technical and scientific analysis conducted by the management of the Company,
the results of drill program and other exploration, the analysis of external
consultants and information obtained by the Company from third parties. There
can be no assurance that such statements will prove to be accurate; actual
results and future events could differ materially from such statements. Factors
that could cause actual results to differ materially include, among others,
metal prices, competition, financing risks, acquisition risks, risks inherent in
the mining industry, and regulatory risks. Most of these factors are outside the
control of the Company. Investors are cautioned not to put undue reliance on
forward-looking information. Except as otherwise required by applicable
securities statutes or regulation, the Company expressly disclaims any intent or
obligation to update publicly forward-looking information, whether as a result
of new information, future events or otherwise.