Lithium Americas Corp.
TSX : LAC
OTCQX : LHMAF

Lithium Americas Corp.

June 21, 2011 08:00 ET

Lithium Americas Corp Joins OTCQX International Marketplace in U.S.

TORONTO, ONTARIO--(Marketwire - June 21, 2011) - Lithium Americas Corp. ("Lithium Americas" or the "Company") (TSX:LAC)(OTCQX:LHMAF) is pleased to announce the Company's shares will commence trading on the OTCQX International Marketplace ("OTCQX") at market open today, June 21, 2011, under the symbol "LHMAF".

Lithium Americas' has retained Stifel, Nicolaus & Company, Incorporated ("Stifel Nicolaus") to serve as the Company's Principal American Liaison ("PAL") on the OTCQX, responsible for providing guidance on OTCQX requirements.

"The OTCQX is a premium market tier with strong standards where many internationally respected companies trade," stated Dr. Waldo Perez, President and CEO of Lithium Americas. "The OTCQX has a reputation for providing U.S. investors with improved liquidity, transparency and superior information through their U.S. regulated broker-dealers, and will provide existing and new U.S. investors with easier access to the exciting developments of one of the world's largest known lithium brine resources located in Argentina. We are also delighted to have Stifel Nicolaus as our PAL, a firm with a strong U.S. presence and ability to support our OTCQX membership."

Mark Smith, Managing Director at Stifel Nicolaus Canada, commented: "We are pleased to have assisted Lithium Americas with the launching of its trading on the OTCQX and look forward to extending our relationship with the Company by becoming their PAL."

Investors will be able to find current financial disclosure, real-time Level 2 quotes for Lithium Americas' shares, and further information on the OTCQX by visiting the following websites: www.otcqx.com and www.otcmarkets.com.

Lithium Americas' shares will remain listed and continue to trade on the TSX in Canada under the symbol "LAC".

About Lithium Americas

Lithium Americas is developing one of the world's largest and lowest cost lithium operations. The Company's principal and most advanced property comprises a significant portion of two adjacent Argentinean salt lakes, Cauchari and Olaroz, covering 82,498 hectares located in the "Lithium Triangle" region of South America. This region contains over 80% of the world's lithium brine reserves. To the best knowledge of Lithium Americas, the Company's principal property hosts the 3rdlargest known lithium brine resource in the world. The Company's recently completed Preliminary Economic Assessment identifies a pre-tax NPV of $983 million (8% discount), and operating expenses which are one of the lowest in the industry. Mitsubishi Corporation and Magna International are shareholders in the Company, in addition to both companies having off-take arrangements with Lithium Americas.

About OTCQX

The OTCQX marketplace is the premier tier of the U.S. Over-the-Counter (OTC) market. Investor-focused companies use the quality controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. exchange. For more about OTCQX, visit www.otcmarkets.com.

This press release contains forward-looking statements, which can be identified by the use of statements that include words such as "could", "potential", "believe", "expect", "anticipate", "intend", "plan", "likely", "will" or other similar words or phrases. The Company does not intend, and does not assume any obligations, to update forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required by applicable securities laws. Readers should not place undue reliance on forward-looking statements. Readers should review the Company's prospectus dated May 6, 2010 for a list of risks associated with the Company, and its business.

Contact Information