Canada Lithium Corp.

Canada Lithium Corp.

February 18, 2009 16:42 ET

Canada Lithium Corp. Settles Debt

TORONTO, ONTARIO--(Marketwire - Feb. 18, 2009) - Canada Lithium Corp. (the "Company") (TSX VENTURE:CLQ) announces that it has settled an aggregate of $28,796.74 of indebtedness by the issuance of 191,977 common shares.

Completion of the debt settlement is subject to regulatory approval, including satisfaction of the requirements of the TSX Venture Exchange.

The common shares to be issued are subject to a four month hold period.

Shares Outstanding: 87,677,801

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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