Rodinia Minerals Inc.

Rodinia Minerals Inc.

December 01, 2009 07:30 ET

Rodinia Minerals Inc. Enters Into Definitive Agreement and Samples Brines Up to 950 ppm and an Average Mg:Li Ratio of 1.4 at Salinas Grandes

TORONTO, ONTARIO--(Marketwire - Dec. 1, 2009) - Rodinia Minerals Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM), reports positive results from its due diligence review and has entered into a definitive agreement (the "Definitive Agreement") with a private party in Argentina with respect to the previously announced acquisition of approximately 4,500 hectares of the Salar de Salinas Grandes, located in the Province of Jujuy, Argentina (the "Salar de Salinas Grandes")(See Press Release dated October 30, 2009). Pursuant to the terms of the Definitive Agreement, Rodinia is required to make cash payments in the aggregate of USD$900,000 over the next two years, of which USD$150,000 is payable upon entering into the Definitive Agreement.

Results from sampling of brines during the thirty days of due diligence have returned excellent lithium ("Li") values, with numbers as high as 950 parts per million ("ppm") and extremely favourable magnesium ("Mg") to lithium ratios. The samples taken from within aquifers on the Salinas Grandes property averaged 440 ppm Li and 1.4 Mg:Li ratio.

A total of five samples were collected from various locations across the salar, comprising surface water and aquifer tests. Surface water samples represent the concentrations present in waters that are presently feeding the sub-surface aquifers. The high lithium values in these samples are encouraging as it shows that geothermal sources in the area are extremely lithium rich. The sub-surface samples were collected from aquifers below a laterally extensive impermeable clay layer. These samples are from aquifers that would be the focus of subsequent exploration programs and possible producers. The results are summarized in the table and map below.

parts per million
Sample Description Li Mg B K Mg:Li
SG-1 Surface water 180 820 2000 3500 4.6
SG-2 Surface water 170 770 2300 3500 4.5
SG-3 Surface water 98 410 1200 2500 4.2
SG-4 Aquifer - SE - 1m depth 950 2100 820 15000 2.2
SG-5 Aquifer - NW - 3m depth 260 130 500 5600 0.5

An exploration program following up on these positive results is currently being devised. The program is currently thought to consist of surface geophysics, including gravity and TEM, in conjunction with extensive sampling of the near surface aquifers. A systematic grid will be employed to allow for proper characterization of the lithium-rich brines.

Figure 1 below depicts a map of the Salar de Salinas Grandes.

Figure 1 is available at the following link:

William Randall, P.Geo, the Vice President, Exploration of Rodina, a qualified person, as defined in NI 43-101 has reviewed and approved the technical information in this release.

About Rodinia Minerals Inc.:

Rodinia Minerals Inc. is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. The Company is positioned to capitalize on the explosive demand for lithium carbonate expected from the paradigm shift to mass adoption and use of key lithium applications (lithium-ion batteries, glass ceramics, greases, pharmaceuticals etc.).

Rodinia is currently exploring its 100% owned, 50,440 acre Clayton Valley project in Nevada, USA. With its initial 3-hole drill program complete, the Company is actively planning and permitting and expanded 20-hole program that surrounds the only lithium brine producer in North America.

Please visit the Company's web site at or write us at

Cautionary Notes

Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the impact of the acquisition of the Salar de Salinas Grandes; the potential of the Company's projects; the potential results and timetable for further exploration with respect to the Clayton Valley project, timetable for further exploration, analysis and development; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.


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