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Lithium Corporation Begins Phase I Program

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^{Published in Science and Technology on Tuesday, November 16th 2010 at 5:50 GMT by Market Wire}  

RENO, Nev.--([ BUSINESS WIRE ])--Lithium Corporation (OTCBB: LTUM) (the "Company", or aLithcoa) is pleased to announce that it has recently initiated its program of shallow drilling and assaying for lithium brines at its Fish Lake Valley Prospect in Esmeralda County, Nevada.

Chemetall Footea™s Silver Peak Lithium Brine producing operation, located in Clayton Valley, Nevada, is only 22 miles (35 km) to the Southeast of Fish Lake Valley, and is an almost identical geological setting.

Preliminary sampling at the Fish Lake Valley prospect by Lithium Corporation indicates that surficial Lithium enrichment can be found in sediments that is equivalent to lithium values at Silver Peak. The total area at Fish Lake Valley currently held by Lithium Corporation is approximately 7,360 acres.

For further information please contact Samantha White at (888) 299-3989 or via email at [ info@lithiumcorporation.com ]

About Lithium Corporation

Lithium Corporation is an exploration company based in Nevada devoted to the exploration and discovery of new, clean energy-related resources. The company is focused on its Fish Lake Valley Lithium Brine prospect in Esmeralda County, Nevada, however it continues to investigate, or evaluate other lithium opportunities in other jurisdictions. For further information please visit the Companya™s website [ www.lithiumcorporation.com ]

Forward-Looking Statements

Included in this release are certain "forward-looking" statements involving risks and uncertainties which are intended to conform to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's financial performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors, sales and earnings growth, ability to attract and retain key personnel and general economic conditions, including uncertainties relating to global political conditions, such as terrorism. Information with respect to important risk factors that should be considered may be contained in the Company's Annual Report on Form 10-K and its Reports on Form 10-Q to be filed with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.