Lithic Resources Ltd.
TSX VENTURE : LTH

Lithic Resources Ltd.

July 19, 2012 16:41 ET

Lithic Announces Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 19, 2012) -

THIS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES HEREIN

Lithic Resources Ltd. (TSX VENTURE:LTH) (the "Company") wishes to announce that it has agreed to a non-brokered private placement by a small group of strategic investors. The placement consists of 14.5 million common shares at a price of 5 cents per share for gross proceeds of $725,000. There is no commission payable. Closing of the financing is expected to occur on or before July 27, 2012 and is subject to all regulatory approvals, including the approval of the TSX Venture Exchange. The securities issued in connection with the financing will bear a four-month restriction on resale from the completion date. Proceeds of the placement will be used for general corporate purposes.

LITHIC RESOURCES LTD.

C.F. Staargaard, President and CEO

"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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