Lithium One Inc. (the "Company") (TSX-V: LI), is pleased to announce changes to its senior management team as the Company accelerates the development of its lithium projects.� � � 

Lithium One founding director Mr. Paul Matysek joins the team as Chief Executive Officer (CEO). Mr. Patrick Highsmith, will continue as President and is appointed in the newly created role of Chief Operating Officer (COO).

Mr. Matysek is a professional geochemist and geologist with over 30 years of experience in the mining industry. He has held senior management and director positions with several natural resource exploration and development companies, most recently as President and CEO of Potash One Inc.�  Mr. Matysek was the architect of the $434 million friendly takeover of Potash One by K+S Ag, which closed in early 2011.  Prior to founding Potash One, Mr. Matysek was the President and CEO of Energy Metals Corporation (EMC), a premier uranium company traded on the New York and Toronto Stock Exchanges  Mr Matysek led EMC as it was one of the fastest growing Canadian companies in recent years, increasing its market capitalization from $10 million in 2004 to approximately $1.8 billion when it was acquired by a larger uranium producer in 2007.

As President, Mr. Highsmith will work closely with Mr. Matysek on the strategy and marketing of the Company and as COO he will manage the development of the Company operations as the Sal de Vida brine project in Argentina and James Bay pegmatite project in Quebec continue towards feasibility completion in 2012.

Chairman of the Board Martin Rowley commented, We are very pleased that Paul Matysek has agreed to become the CEO as the Company accelerates the development of its two world class lithium projects. Pauls experience in the capital markets and proven ability to maximize the value of resource assets for the benefit of all stakeholders will complement and enhance Patricks technical skills and expertise in the lithium sector. � Patrick has done an excellent job as CEO to advance the Company over the past two years and we are now confident with the expanded executive management team that we will be able to successfully add further value to our lithium assets.

About Lithium One:

Lithium One Inc. is a Canadian-based explorer and developer of mineral properties with a specific focus on lithium.  The Company has two major lithium projects funded through feasibility by earn-in partners: the brownfields Sal de Vida lithium and potash brine project in Argentina, and the James Bay bulk tonnage spodumene project in Quebec.  The Company announced the first NI 43-101 compliant resource for the Sal de Vida project in early March, 2011, making it one of the largest and highest grade lithium and potash brine projects in the world.  KORES, LG International and GS Caltex are earning a maximum 30% project equity in the Sal de Vida Project through an earn-in option agreement that includes an off-take agreement for up to 50% of the lithium production.  Galaxy Resources is earning a maximum 70% project equity in the James Bay Project through an earn-in agreement that includes delivery of a definitive feasibility study. The Company strategy is to draw upon its quality team and employ best-practice to develop its projects into leading suppliers of low-cost, high quality lithium products to the global market..