Western Lithium Grants 100.000 Stock
Options to an officer and employees
Vancouver, Canada: Western Lithium USA Corporation ( Western
Lithium or the Company , TSX-V: WLC; PK: WLCDF) has
granted incentive stock options to an officer and employees of the company for
the purchase of up to 100,000 common shares of the Company, at a price of $1.11
per share, for a five year period.
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
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.
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.