Pan American Lithium Corp.

Pan American Lithium Corp.

March 05, 2010 09:00 ET

Pan American Lithium CEO Featured In Wall Street Transcript Interview

TUCSON, ARIZONA--(Marketwire - March 5, 2010) - Andrew Brodkey, Chief Executive Officer and President of Pan American Lithium Corp. (TSX VENTURE:PL)(PINK SHEETS:PALTF) was recently featured in The Wall Street Transcript. Mr. Brodkey's full interview is posted on the company's Web site: In the interview, Mr. Brodkey told the editors of The Wall Street Transcript that the nature and quality of the company's lithium mining projects combined with the recently announced Letter-of-Intent with a large international strategic partner provide investors with an opportunity to actively participate in the growing demand for lithium. 

According to Mr. Brodkey, "Lithium is a new burgeoning market that's opening up many possibilities in the mining industry. Just as we've seen the explosion in electronic devices, the utilization of lithium-ion batteries in cars so they're clean and green has become a main driver of the development of lithium. Battery usage today is roughly 30 percent of all lithium demand in the world and it's growing at a 25 percent rate per year."

Mr. Brodkey also commented that Pan American Lithium owns interests in nine salars located in Chile's Atacama Region III where the company's strategy is to explore and develop surface brine lakes with the goal of producing up to 10,000 tpy of lithium carbonate production. "Our first order of business is to go to these easy tappable resources and immediately do a calculation that tells us the amount of contained lithium." The company's other project is an option to acquire an interest in a geothermal brine project in Mexico, which includes brines produced from deep geothermal wells that have already been drilled by the Cierro Prieto power plant located in Baja California, Mexico.

"Our Mexican partners who own a private company called Escondidas entered into a joint venture with CPI Internacional, the owners of the brine concessions, to commercialize the geothermal brines," stated Mr. Brodkey. Following successful due diligence and exercise of the option, Mr. Brodkey stated, "Pan American plans to purchase a 76 percent or controlling interest in Escondidas, giving us an indirect 25 percent of the project."

Mr. Brodkey, having 25 years experience in the mining industry as a mining engineer, lawyer and senior executive, envisions Pan American Lithium Corp. as the strongest player in the junior lithium market. "Among the lithium junior world, of the roughly 50 companies that recently appeared on the scene, we're the best play. Our goal from day one was to be as low as possible on the cost curve. We strive to be the first into production and fill the market space. We've got very strong strategic off-take partners backing us."

About Pan American Lithium Corp.

Pan American is a junior lithium exploration company with an existing portfolio of rights in nine salars in Region III of Chile covering a cumulative area in excess of 11,500 hectares, and the option to acquire an interest in a geothermal brine project in Mexico.

On Behalf of the Board,


Andrew A. Brodkey, President and CEO

This press release, and the Wall Street Transcript article entitled "Pan American Lithium Corp." dated February 8, 2010, which is referenced herein, contain 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 such as the statements related to: (i) the development of the Company's property interests in Chile and Mexico, including resource calculations and feasibility studies; (ii) closing of the option agreement with Escondidas; (iii) the potential financial investment by POSCO; and (iv) goals for the Company in 2010. 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) the decision or inability to close the Escondidas transaction for any reason; (ii) adverse market conditions; (iii) a decrease in demand for and price of lithium; (iv) general uncertainties with respect to mineral exploration and development in general; (v) changes in the political or regulatory environment in Chile and Mexico; (vi) inability to raise required financing or execute the Company's business plan. 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.

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.

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