Western Lithium Appoints Corporate Secretary
Reno, Nev., USA: Western Lithium Corporation (TSX-V: WLC; PK: WLCDF) is pleased to announce the appointment of Tracy Hansen as Corporate Secretary, effective January 8, 2010.
Mrs. Hansen is a securities paralegal with over 14 years of experience in providing regulatory and management services to public and private companies, primarily in mining and resource development. Most recently she was Vice President of Operations at Nexvu Capital Corp, a boutique venture capital company, and Vice President and Corporate Secretary of Bell Copper Corporation. Prior to this Mrs. Hansen worked with a number of exploration and development companies focused on uranium, copper, zinc and gold in Nevada, Canada and Mexico.
In connection with the appointment, Mrs. Hansen was granted options to acquire 150,000 common shares of the company at a price of C$2.03 per share, for a five year period. An additional 135,000 options, under the same terms, were granted to consultants of the company.
Western Lithium is developing the Kings Valley, Nevada lithium deposit into potentially one of the world�s largest(1) strategic, scalable and reliable sources of high quality lithium carbonate. The Company is positioning itself as a major 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.
For further information contact:
Western Lithium Corporation
Cindy Burnett, Investor Relations
(1) Western Lithium has completed a National Instrument 43-101 resource estimate for the envisioned initial stage of development. The current resources are part of the historical estimate of 11 million tonnes of lithium carbonate equivalent (LCE) prepared by Chevron Resources and ranks in size behind deposits in Chile (32 million tonnes LCE), Bolivia (29 million tonnes LCE), North Carolina (14 million tonnes LCE) and the DRC (12 million tonnes LCE). Source: Roskill Information Services Ltd., R. Keith Evans, National Research Council and Western Lithium estimates. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources under National Instrument 43-101, the Company is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon. A copy of Western Lithium�s NI 43-101 technical report has been filed on SEDAR under the Company�s profile.
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.