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Lithium Corporation Initiates Drill Permitting at Cortez Lithium Prospect

^{Published on 2011-02-08 12:20:39 - Market Wire}
 

RENO, Nevada--([ BUSINESS WIRE ])--Lithium Corporation (OTCBB: LTUM) (the "Company", or aLithcoa) is pleased to announce it has recently submitted a drilling permit application to the BLM field office in Battle Mountain, Nevada.

The permit makes provision for the drilling of up to 8 drill holes with depths in the order of 500 feet, on its Cortez lithium brine property in Lander County, Nevada. Lithco is currently in discussions with drill contractors, and intends to commence drilling once conditions are favorable this spring.

Lithium Corporation also intends to drill its Salt Wells prospect this coming year, as well as conducting more work at its Fish Lake Valley lithium brine prospect.

For further information please contact Lithium Corporation 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 for new lithium resources primarily within the state of Nevada. The Company explores and eventually hopes to develop potentially economic lithium-enriched brine fields, with an eye to becoming a long-term producer of this increasingly strategic and economically important commodity.

Notice Regarding Forward-Looking Statements

This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any mineralization, exploration and development of our mineral properties, specifically in regards to any future drilling programs.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of minerals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.