Western Lithium
Reports on Results of Annual Meeting
June 21, 2010
Vancouver, Canada: Western Lithium USA Corporation (TSX-V: WLC; PK:
WLCDF) held its Annual General and Special Meeting of Shareholders on June
21, 2010. The company’s shareholders approved all matters brought
before them at the meeting.
The Company’s directors for the next year will be Edward Flood (Chair),
William Haldane, John Macken and William M. Sheriff. In addition,
shareholders appointed the auditor of the company for the coming year and
approved amendments to the company’s stock option plan.
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 USA Corporation
Cindy Burnett, Investor Relations
Telephone: 604-331-9842
Email: info@westernlithium.com
Website: www.westernlithium.com
(1) Western Lithium has completed National Instrument 43-101 resource
estimates on two portions of the property, one of which is envisioned for the
initial stage of mine development. These resources cover part of the
mineralization from a historical estimate of 11 million tonnes of lithium
carbonate equivalent (LCE) prepared by Chevron Resources Corp. in the 1980s
that encompasses all of the King’s Valley lithium lens deposits identified to
date, and ranks in size behind deposits in Bolivia (47 million tonnes LCE),
Chile (37 million tonnes LCE), North Carolina (14 million tonnes LCE) and the
DRC (12 million tonnes LCE). Source: R. Keith Evans, 2010; Roskill
Information Services Ltd., 2009; and company disclosures. 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.
Forward Looking Statements
Certain of the statements made and information contained herein is
“forward-looking information” within the meaning of the Ontario Securities
Act. Forward-looking information is subject to a variety of risks and
uncertainties which could cause actual events or results to differ from those
reflected in the forward-looking information, including, without limitation,
risks and uncertainties relating to risks inherent in mining including
environmental hazards, industrial accidents, unusual or unexpected geological
formations, ground control problems and flooding; risks associated with the
estimation of mineral resources and reserves and the geology, grade and
continuity of mineral deposits; the possibility that future exploration,
development or mining results will not be consistent with the Company’s
expectations; the potential for and effects of labour disputes or other
unanticipated difficulties with or shortages of labour or interruptions in
production; actual ore mined varying from estimates of grade, tonnage,
dilution and metallurgical and other characteristics; the inherent
uncertainty of production and cost estimates and the potential for unexpected
costs and expenses, commodity price fluctuations; uncertain political and
economic environments; changes in laws or policies, delays or the inability
to obtain necessary governmental permits; and other risks and uncertainties,
including those described in each management discussion and analysis.
Forward-looking information is in addition based on various assumptions
including, without limitation, the expectations and beliefs of management,
the assumed long term price of lithium; appropriate equipment and sufficient
labour and that the political environment where the Company operates will
continue to support the development and operation of mining projects. Should
one or more of these risks and uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary materially
from those described in the forward-looking information. Accordingly,
readers are advised not to place undue reliance on forward-looking
information.
The TSX Venture Exchange has neither approved nor 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.
Copyright (C) Western Lithium Corporation. All rights reserved.
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