Western Lithium USA Corporation

Western Lithium USA Corporation

April 30, 2009 18:05 ET

Western Lithium Increases Size of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 30, 2009) -


Western Lithium Canada Corporation (the "Company") (TSX VENTURE:WLC) announces that it has increased the size of its previously announced private placement (press releases dated April 7 and April 22, 2009). The Company now proposes to issue 11,000,000 units (the "Units") at a price of $0.50 for gross proceeds of $5,500,000. Part of the private placement will be done on a non-brokered basis and part of it will be done on a brokered basis through Haywood Securities Inc. A finder's fee will be payable on the non-brokered portion of the private placement. All other terms of the private placement remain the same as previously announced.

The closing of the sale of the Units is now expected to occur on or about May 6, 2009 and is subject to the approval of the TSX Venture Exchange.

Proceeds of the private placement will be used to fund ongoing engineering and development studies for the Company's lithium project in Nevada, including additional drilling of the lithium deposit to conform to National Instrument 43-101 requirements, and for general corporate purposes.

Western Lithium is developing the Kings Valley, Nevada lithium deposit into potentially one of the world's largest strategic, scalable and reliable sources of battery grade lithium carbonate. The company is positioning itself as a U.S.-based supplier to support the rising global demand for lithium carbonate that is expected from the increased use of mobile electronics and hybrid/electric vehicles.

Forward Looking Statements

Certain of the statements made and information contained herein is "forward-looking information" within the meaning of the Ontario Securities Act. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information. Accordingly, readers are advised not to place undue reliance on forward-looking information.

The TSX Venture Exchange has neither approved or disapproved of the contents of this press release. 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 press release.

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