Vancouver, British Columbia--(Newsfile Corp. - September 10, 2018) - International Lithium Corp. (TSXV: ILC) (the
"Company" or "ILC") announces that it has appointed Dr. Yana O'Sullivan as Investor Relations Director. Her
responsibilities will include capital markets activity and strategy generally, communications, and assisting the Company with its
objective of growing and diversifying its shareholder base in Europe and specifically in the United Kingdom. Initially Dr.
O'Sullivan's appointment is for a minimum period of four months, but the Company has reserved the right to extend this appointment
should the business need arise.
Dr. O'Sullivan is a senior capital markets professional based in London, United Kingdom, with over eight years of Investor
Relations experience gained at Standard Chartered Bank and then at Friends Life Group, where she led the Investor Relations
function. Most recently she managed investment fund distribution through Aviva insurance channel as Director of Distribution
Partnerships at Aviva Investors. Dr. O'Sullivan holds an Executive MBA from London Business School and a PhD in English from the
University of Exeter.
Commenting on this appointment, John Wisbey, Chairman and CEO said, "Since March 2018, when I took over my role as CEO of ILC,
we have raised just under CAD$ 3 million in financings. This is the largest amount of money that ILC has raised since its IPO in
May 2011. Given the lack of revenue before our properties go into production, and our wish to continue to fund the Mariana lithium
project and some drilling to validate the Raleigh Lake project, further funding will be required to improve our liquidity. To
ensure we stay ahead of the funding curve and achieve the goal of diversifying our shareholder base, I welcome the appointment of
Yana O'Sullivan to help us take additional steps in the next few months to help lay a foundation for our capital market growth and
to target new investors in the United Kingdom and the rest of Europe."
Dr. O'Sullivan holds no interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire
such an interest. She will receive fixed cash compensation from the Company in line with the market rates for senior Investor
Relations consultants in the United Kingdom.
About International Lithium Corp.
International Lithium Corp. has a significant portfolio of projects, strong management, and a strategic partner and key
investor, Jiangxi Ganfeng Lithium Co. Ltd., ("Ganfeng Lithium") a leading China-based lithium product manufacturer.
The Company's primary strategic focus is now on the Mariana project in Argentina and on the Raleigh Lake project in Canada.
The Company has a strategic stake in the Mariana lithium-potash brine project located within the renowned South American
"Lithium Belt" that is the host to the vast majority of global lithium resources, reserves and production. The Mariana project
strategically encompasses an entire mineral rich evaporite basin, totalling 160 square kilometres that ranks as one of the more
prospective salars or 'salt lakes' in the region. Current ownership of the project is through a joint venture company, Litio Minera
Argentina S. A., a private company registered in Argentina, owned 82.754% by Ganfeng Lithium and 17.246% by ILC. In addition, ILC
has an option to acquire 10% in the Mariana project through a back-in right.
The Raleigh Lake project, now consisting of 1,976 hectares of adjoining mineral claims in Ontario, is now regarded by ILC
management as ILC's most significant project in Canada. It is 100% owned by ILC, is not subject to any encumbrances, and is royalty
free.
Complementing the Company's lithium brine project at Mariana and rare metal pegmatite property at Raleigh Lake, are interests in
two other rare metal pegmatite properties in Ontario, Canada known as the Mavis Lake and Forgan Lake projects, and the Avalonia
project in Ireland, which encompasses an extensive 50-km-long pegmatite belt.
The ownership of the Mavis Lake project is now 51% Pioneer Resources Limited ("Pioneer") and 49% ILC. In addition, ILC owns a
1.5% NSR on Mavis Lake. Pioneer has an option to earn an additional 29% by sole-funding a further CAD $8.5 million expenditures of
exploration activities, at which time the ownership will be 80% Pioneer and 20% ILC.
The Forgan Lake project will, upon Ultra Lithium meeting its contractual requirements pursuant to its agreement with ILC, become
100% owned by Ultra Lithium, and ILC will retain a 1.5% NSR on Forgan Lake.
The ownership of the Avalonia project is currently 55% Ganfeng Lithum and 45% ILC. Ganfeng Lithium has an option to earn an
additional 24% by either incurring CAD $10 million expenditures on exploration activities or delivering a positive feasibility
study on the project, at which time the ownership will be 79% Ganfeng Lithum and 21% ILC.
With the increasing demand for high tech rechargeable batteries used in electric vehicles and electrical storage as well as
portable electronics, lithium has been designated "the new oil", and is a key part of a "green tech", sustainable economy. By
positioning itself with solid strategic partners and projects with significant resource potential, ILC aims to be one of the
lithium and battery metals resource developers of choice for investors and to continue to build value for its shareholders.
International Lithium Corp.'s mission is to find, explore and develop projects that have the potential to become world class
lithium, potash and rare metal deposits. A key goal is to become a well funded company to turn that aspiration into reality.
On behalf of the Company,
John Wisbey
Chairman and CEO
www.internationallithium.com
For further information concerning this news release please contact +1 604-449-6520
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.
Cautionary Statement Regarding Forward-Looking Information
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning
of applicable securities law. Forward-looking information or forward-looking statements in this or other news
releases may include: the timing and/or anticipated results of drilling on the Raleigh Lake
or Mavis Lake projects, the expectation of feasibility studies, lithium recoveries, modeling of
capital and operating costs, results of studies utilizing membrane technology at the Mariana Project, budgeted expenditures and
planned exploration work on the Avalonia JV, satisfactory completion of the sale of mineral rights at Forgan Lake,
satisfactory completion of the purchase of additional mineral rights at Raleigh Lake, and continued agreement between the
Company and Jiangxi Ganfeng Lithium Co. Ltd. regarding the Company's percentage interest in the Mariana project. Such
forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but
not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the interim and annual
Management's Discussion and Analysis which are available at www.sedar.com. While management
believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to
be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking
information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and
opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such
statements, are subject to significant business, economic and competitive uncertainties and contingencies. These estimates and
assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as
required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's
estimates or opinions change.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the
United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of
1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is
available.