SOURCE: American Lithium Minerals Inc.

October 06, 2009 09:30 ET

American Lithium Minerals Inc. Announces the Closing of Private Placement

HENDERSON, NV--(Marketwire - October 6, 2009) - American Lithium Minerals Inc. (OTCBB: AMLM) (the "Company") is pleased to announce that it has completed a private placement of 740,740 Units of its securities to institutional and accredited investors and non U.S. persons for aggregate gross proceeds of $1,000,000 at an offering price of $1.35 per Unit. Each unit consists of (i) one share of common stock of the Company and (ii) a common stock purchase warrant to purchase one and half share of common stock, exercisable for a period of two years at an exercise price of U.S. $1.50 per share.

About American Lithium Minerals

American Lithium Minerals Inc. is an early stage lithium exploration company engaged in evaluating, developing and acquiring lithium projects, with a focus on the USA.

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, the entry into of a definitive option agreement with GeoXplor in regards to the claims situated on the Montezuma Peak in Esmeralda County, Nevada, of our ability to make any required payments in regards to the claims and option agreement as they become due.

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 lithium 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.

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