Western Lithium Grants Stock Options
Not for distribution to United States newswire services or for dissemination in the United States
December 17, 2009
Vancouver, Canada: Western Lithium Corporation (the �Company�) (TSX-V: WLC) has granted incentive stock options for the purchase of up to 200,000 common shares of the Company, at a price of $1.43 per share, for a five year period to Silvio Bertolli, newly appointed Sr. Vice President, Project Development 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
Telephone: 604-331-9842
Email: info@westernlithium.com
Website: www.westernlithium.com
(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.
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.