Attached files
Exhibit 99.1
[LOGO OF LITHIUM CORP.]
NEWS RELEASE
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FOR IMMEDIATE RELEASE OTCBB: LTUM
LITHIUM CORPORATION STAKES FISH LAKE VALLEY CLAIMS
RENO, NV - Mar 12, 2013 -Lithium Corporation (OTCBB: LTUM) (the "Company", or
"Lithco") is pleased to announce that it has staked strategically-located claims
at its Fish Lake Valley property in Esmeralda County, Nevada.
The Company became aware several months ago that certain claims held by a third
party in the area of Lithium Corporation's most recent exploration work at Fish
Lake Valley had been allowed to lapse, and the Company immediately took steps to
acquire a block of 320 acres through staking. These claims have long been
considered critical to the Company's efforts at Fish Lake Valley. This is
confirmed by the late 2012 drill program, which outlined the open-ended
subsurface lithium/boron/potassium anomaly that trends into this newly acquired
ground.
The Company intends to drill more in Fish Lake Valley, once surface conditions
improve later in 2013. In addition to the Fish Lake Valley prospect, Lithium
Corporation is actively exploring its San Emidio property, and continues to
generate and evaluate other exploration prospects.
The Company has decided to terminate its efforts with respect to becoming a
reporting issuer in Canada, and will not seek a listing on any Canadian
exchange, until such time as market conditions improve in Canada.
For further information please contact Andy Dewey at Lithium Corporation at
(775) 410-2206 or via email at info@lithiumcorporation.com
About Lithium Corporation
Lithium Corporation is an exploration company based in Nevada devoted to the
exploration for new lithium resources within the Great Basin. The Company
explores and develops potentially economic lithium-enriched brine fields, with
an eye to becoming a long-term producer of this increasingly strategic and
economically important commodity.
NOTICE REGARDING FORWARD-LOOKING STATEMENTS
This current report contains "forward-looking statements," as that term is
defined in Section 27A of the United States Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Statements in this press release
which are not purely historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions regarding the
future, including but not limited to, any mineralization, exploration and
development of our mineral properties, specifically in regards to any future
drilling programs.
Actual results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among others, the
inherent uncertainties associated with mineral exploration and difficulties
associated with obtaining financing on acceptable terms. We are not in control
of minerals prices and these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news release, and we
assume no obligation to update the forward-looking statements, or to update the
reasons why actual results could differ from those projected in the
forward-looking statements. Although we believe that the beliefs, plans,
expectations and intentions contained in this press release are reasonable,
there can be no assurance that such beliefs, plans, expectations or intentions
will prove to be accurate. Investors should consult all of the information set
forth herein and should also refer to the risk factors disclosure outlined in
our most recent annual report for our last fiscal year, our quarterly reports,
and other periodic reports filed from time-to-time with the Securities and
Exchange Commission.
