VANCOUVER, British Columbia,
March 16, 2012 /PRNewswire/ --
International Lithium Corp. ("ILC" or the "Company") (TSXV:
ILC) is pleased to announce the appointment of Kirill Klip, MBA, as President effective
immediately.
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Kirill Klip graduated with the
degree in Management from St. Petersburg State University of
Railways, later obtaining a degree in Economics from the
International Business School in Moscow and a degree in MBA in Finance from
both the International Business School in Moscow and Guildhall University in
London. He has extensive
expertise in banking, transportation, mining, telecommunications
and internet industries. Kirill Klip served as the First Vice
President and Member of the Board of TransCreditBank (Moscow), Member of the Board of TransTeleCom
(Moscow) and Member of the Board
of Dry Bulk Terminal (Tallinn).
He also acted as the Adviser on Finance for the Minister of
Russian Railway System (Moscow).
From 2008, Kirill Klip has acted
as Non-Executive Chairman and member of the Board of TNR Gold Corp.
(International Lithium's parent company through a Plan of
Arrangement and spin-out) and an Adviser to the Board of Canada
Zinc Metals.
In addition to years of entrepreneurial and corporate
stewardship, he also manages a portfolio of global assets and
brings a robust financial network to the group.
Mr. Klip is the largest individual shareholder in International
Lithium with approximately 11% of the outstanding
shares and holds a 20% equity stake in TNR Gold Corp. Mr.
Klip is a UK citizen and resides in London.
Mike Sieb has resigned as
President in order to provide Mr. Klip the opportunity to lead the
Company through its next stage of development. Mr. Sieb will
remain as an active member of and continue to provide technical
expertise to the Board of Directors of International Lithium.
"I would like to thank Mike Sieb
for the initial launch of International Lithium as a public company
with all our TNR Gold team. Mike has delivered impressive
technical successes as demonstrated from recent exploration results
on numerous ILC projects and structuring the strategic partnership
with China based Ganfeng Lithium
Co., Ltd. to provide the Company with current and future technical
and financial support," states Kirill
Klip.
Mr. Klip's prime objectives will be to advance the market
development and value realization of the Company with the continued
aggressive exploration of the Company's projects through the
resource delineation stage and support of strategic partnerships.
His efforts will be aided by focusing on ILC's shareholder
base and capitalising on industry connections, particularly in
Asia.
Mr. Klip is a strong believer in the advancement of green
technology and the special place that lithium holds in the advent
of the electrification of everyday transportation.
"We have an exciting opportunity to build the Company along the
ideal that our society as a whole is making the transition to a
post carbon-based economy. Electrification of transportation
and energy storage systems for solar and wind power generation
depend on lithium based battery technology, which is rapidly
developing. International Lithium has been formed with all
the components; an attractive global portfolio of lithium and rare
metals projects, strong technical team and strategic partners; to
address the demands of the future. Our goal is to position the
Company in the potential supply chain of strategic commodities for
the coming green technological revolution," states Kirill Klip.
ABOUT INTERNATIONAL LITHIUM CORP
International Lithium Corp. is a rare metals mineral exploration
company with an outstanding portfolio of projects, strong
management ownership, robust financial support and a strategic
partner and keystone investor Jiangxi Ganfeng Lithium Co. Ltd., a
leading China based lithium
product manufacturer.
ILC currently has 9 active rare metals projects, well balanced
between lithium-potash brines in Argentina, Nevada and hard-rock pegmatites in
Canada and Ireland. The
Company's primary focus is the Mariana lithium-potash brine
project, a salar or "salt lake," covering an expansive 160 square
kilometres and strategically encompassing the entire basin.
Mariana is located in the renowned South American "Lithium Belt"
centred on the junction of Argentina, Bolivia and Chile that is host to the vast majority of
global lithium resources, reserves and production. The
Mariana lithium-potash brine project ranks as one of the more
prospective salars in the region.
Complementing the Company's lithium brine projects are the rare
metals pegmatite properties. The key characteristics shared
by the hard-rock rare metals projects are their limited past
exploration, excellent accessibility and limited assaying for rare
metals. All of which imply a clear potential for additional
exploration and development as well as added project value to meet
the global technological growth in demand for the rare metals suite
of elements.
International Lithium Corp.'s mandate is to increase shareholder
value through aggressive advancement of its core projects and to
source joint venture partners to expand the scope and diversify
risk of its exploration effort.
On behalf of the Board,
Gary Schellenberg
CEO – International Lithium Corp.
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. Statements in this press release other
than purely historical information, historical estimates should not
be relied upon, including statements relating to the Company's
future plans and objectives or expected results, are
forward-looking statements. News release contains certain
"Forward-Looking Statements" within the meaning of Section 21E of
the United States Securities Exchange Act of 1934, as amended.
Forward-looking statements are based on numerous assumptions and
are subject to all of the risks and uncertainties inherent in the
Company's business, including risks inherent in resource
exploration and development. As a result, actual results may vary
materially from those described in the forward-looking
statements.
Stock Symbol: ILC:TSXV
Shares CUSIP: #459820 10 6
Warrants Symbol: ILC.WT
Warrant CUSIP: #459820 11 4
620 - 650 West Georgia Street
Vancouver, British Columbia
V6B 4N9, Canada
Voice: (604) 687-7551
Fax: (604) 687-4670
1-800-667-4470
E-mail: info@internationallithium.com
Website: http://www.internationallithium.com
SOURCE International Lithium Corp.
