International Lithium Corporation Appointment of Investor Relations Director

TIDMILC

International Lithium Corporation

11 September 2018

11 September 2018

International Lithium Corporation (TSXV:ILC)

International Lithium Appoints Investor Relations Director

International Lithium Corp. (the "Company" or "ILC") (TSX VENTURE: ILC) announces that it has appointed Dr. Yana O'Sullivan as Investor Relations Director. Her responsibilities will include capital markets activity and strategy generally, communications, and assisting the Company with its objective of growing and diversifying its shareholder base in Europe and specifically in the United Kingdom. Initially Dr. O'Sullivan's appointment is for a minimum period of four months, but the Company has reserved the right to extend this appointment should the business need arise.

Dr. O'Sullivan is a senior capital markets professional based in London, United Kingdom, with over eight years of Investor Relations experience gained at Standard Chartered Bank and then at Friends Life Group, where she led the Investor Relations function. Most recently she managed investment fund distribution through Aviva insurance channel as Director of Distribution Partnerships at Aviva Investors. Dr. O'Sullivan holds an Executive MBA from London Business School and a PhD in English from the University of Exeter.

Commenting on this appointment, John Wisbey, Chairman and CEO said:

"Since March 2018, when I took over my role as CEO of ILC, we have raised just under CAD$ 3 million in financings. This is the largest amount of money that ILC has raised since its IPO in May 2011. Given the lack of revenue before our properties go into production, and our wish to continue to fund the Mariana lithium project and some drilling to validate the Raleigh Lake project, further funding will be required to improve our liquidity. To ensure we stay ahead of the funding curve and achieve the goal of diversifying our shareholder base, I welcome the appointment of Yana O'Sullivan to help us take additional steps in the next few months to help lay a foundation for our capital market growth and to target new investors in the United Kingdom and the rest of Europe."

Dr. O'Sullivan holds no interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest. She will receive fixed cash compensation from the Company in line with the market rates for senior Investor Relations consultants in the United Kingdom.

Enquiries:

 
 Investors and Analysts: 
 
  International Lithium Corporation 
 John Wisbey, CEO                        [e-mail] 
                                          [phone] 
  Dr. Yana O'Sullivan, Director of IR     [e-mail] 
                                          [phone] 
 
 Media: 
 
  Yellow Jersey                            [e-mail] 
 Tim Thompson 
  Joe Burgess                            [phone] 
 

Notes to Editors:

International Lithium Corp. has a significant portfolio of projects, strong management, and a strategic partner and key investor, Jiangxi Ganfeng Lithium Co. Ltd., ("Ganfeng Lithium") a leading China-based lithium product manufacturer.

The Company's primary strategic focus is now on the Mariana project in Argentina and on the Raleigh Lake project in Canada.

The Company has a strategic stake in the Mariana lithium-potash brine project located within the renowned South American "Lithium Belt" that is the host to the vast majority of global lithium resources, reserves and production. The Mariana project strategically encompasses an entire mineral rich evaporite basin, totalling 160 square kilometres that ranks as one of the more prospective salars or 'salt lakes' in the region. Current ownership of the project is through a joint venture company, Litio Minera Argentina S. A., a private company registered in Argentina, owned 82.754% by Ganfeng Lithium and 17.246% by ILC. In addition, ILC has an option to acquire 10% in the Mariana project through a back-in right.

The Raleigh Lake project, now consisting of 1,976 hectares of adjoining mineral claims in Ontario, is now regarded by ILC management as ILC's most significant project in Canada. It is 100% owned by ILC, is not subject to any encumbrances, and is royalty free.

Complementing the Company's lithium brine project at Mariana and rare metal pegmatite property at Raleigh Lake, are interests in two other rare metal pegmatite properties in Ontario, Canada known as the Mavis Lake and Forgan Lake projects, and the Avalonia project in Ireland, which encompasses an extensive 50-km-long pegmatite belt.

The ownership of the Mavis Lake project is now 51% Pioneer Resources Limited (ASX:PIO, "Pioneer") and 49% ILC. In addition, ILC owns a 1.5% NSR on Mavis Lake. Pioneer has an option to earn an additional 29% by sole-funding a further CAD $8.5 million expenditures of exploration activities, at which time the ownership will be 80% Pioneer and 20% ILC.

The Forgan Lake project will, upon Ultra Lithium meeting its contractual requirements pursuant to its agreement with ILC, become 100% owned by Ultra Lithium (TSXV: ULI), and ILC will retain a 1.5% NSR on Forgan Lake.

The ownership of the Avalonia project is currently 55% Ganfeng Lithum and 45% ILC. Ganfeng Lithium has an option to earn an additional 24% by either incurring CAD $10 million expenditures on exploration activities or delivering a positive feasibility study on the project, at which time the ownership will be 79% Ganfeng Lithum and 21% ILC.

With the increasing demand for high tech rechargeable batteries used in electric vehicles and electrical storage as well as portable electronics, lithium has been designated "the new oil", and is a key part of a "green tech", sustainable economy. By positioning itself with solid strategic partners and projects with significant resource potential, ILC aims to be one of the lithium and battery metals resource developers of choice for investors and to continue to build value for its shareholders.

International Lithium Corp.'s mission is to find, explore and develop projects that have the potential to become world class lithium, potash and rare metal deposits. A key goal is to become a well funded company to turn that aspiration into reality.

On behalf of the Company,

John Wisbey

Chairman and CEO

www.internationallithium.com

For further information concerning this news release please contact [phone]

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September 11, 2018 02:01 ET (06:01 GMT)