Canada Lithium Corp.

Canada Lithium Corp.

June 18, 2009 16:56 ET

Canada Lithium Corp. Announces Appointment of Interim President

TORONTO, ONTARIO--(Marketwire - June 18, 2009) - Canada Lithium Corp. (TSX VENTURE:CLQ) announces that Kerry Knoll has been appointed interim President, Chief Executive Officer and a director of the Company. Judy Baker has been terminated as the President of the Company effective immediately. Ms. Baker will retain her position as a director of the Company.

Mr. Knoll has 28 years of experience in the mining industry. He was formerly Chairman of the Board of Glencairn Gold Corporation, now B2GOLD Corp., until October 2007 and, prior to that, he was President of Glencairn since its incorporation in 1987. He was also the co-founder of Wheaton River Minerals Ltd., now Goldcorp, and stayed with that company for 11 years in various capacities, including President, as it developed the first successful heap leach gold project in Canada. Mr. Knoll was also a co-founder of Blue Pearl Mining Ltd., which acquired Thompson Creek Metals in October 2006. Mr. Knoll currently sits on the board of directors of Thompson Creek Metals and Golden Goose Resources. Other accomplishments during his career include terms as the editor of both The Northern Miner Magazine and the Canadian Mining Journal.

Forward-looking Information

Securities regulators encourage companies to disclose forward-looking information to help investors understand a company's future prospects. This press release contains statements about our future financial condition, results of operations and business. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements usually include words such as may, expect, anticipate, believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this press release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.

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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