Salares Lithium Inc.

Salares Lithium Inc.

January 26, 2010 07:00 ET

Salares Lithium Exploration Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 26, 2010) - Salares Lithium Inc. (the "Company") (TSX VENTURE:LIT) is pleased to report the status of the first phase exploration program on its 'Salares 7' project in Region III, Chile (the "Project"). The Project encompasses 96,604 hectares (960 square kilometres) of which 39,404 hectares (394 square kilometers) are prospective for sub-surface lithium and potassium in seven salares (brine lakes).


The first phase of the exploration programme is a 54-line kilometre Transient Electromagnetic ("TEM") geophysical survey on the Company's Salar de La Isla and Salar de Las Parinas. This phase is on-going with completion anticipated for early February, 2010. The TEM geophysics program will continue onto the Company's other five salares once the survey at the Salar de La Isla and Salar de Las Parinas is completed.

The data generated by the TEM survey will define the size and extent of the brine pools within the basins and enable the individual basin profiles to be constructed. This information will be utilized in planning the sampling / drilling program expected to begin in February, 2010.

The TEM geophysics program is being carried out by Geodatos SAIC of Santiago, Chile, a well known Chilean geophysics company with broad international experience. Pertinent to the Company's needs is that Geodatos has conducted surveys at the lithium rich Salar de Atacama, located approximately 200 kilometres north of the Company's Project.

About TEM

TEM uses electromagnetic impulse excitation to investigate the subsurface. It is a variation of the electromagnetic method in which electric and magnetic fields are induced by transient pulses of electrical current in coils or antennas instead of by continuous current. TEM surveys have become the most popular surface EM technique used in exploration for minerals and groundwater and for environmental mapping.

Salares Lithium Inc.

Salares Lithium Inc. is a lithium explorer in Chile that controls the 'Salares 7' lithium project made up of seven salares (brine lakes) and the surrounding concessions in Region III, Chile. Five of the seven salares are clustered within 155 kilometres and are 100% owned by the Company and its Chilean partner.

Neither the 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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