Attached files

                                                                    Exhibit 99.1

[LITHIUM CORPORATION LOGO]

                                                                    NEWS RELEASE
--------------------------------------------------------------------------------
FOR IMMEDIATE RELEASE                                                OTCQB: LTUM

            LITHIUM CORPORATION SIGNS LOI ON FISH LAKE VALLEY PROJECT

     Elko,  NV - Feb  16,  2016 -  Lithium  Corporation  [OTCQB  -  LTUM]  ("the
Company")  is pleased to  announce  that it has signed a Letter of Intent  (LOI)
with 1032701 B.C. LTD., a private British  Columbia  company with respect to the
Company's Fish Lake Valley lithium brine  property in Esmeralda  County,  Nevada
(the "Property").

     1032701 BC Ltd., or their successor or assigns ("Optionee"), which is to be
a company  acceptable to our Company and listed on the TSX Venture Exchange (the
"TSX-V")  will  have the  Option  to earn an 80%  interest  in the  Property  by
performing the following upon the signing of a Definitive Agreement,  that is to
take place no later than April 1st, 2016:

     Upon signing,  pay $100,000 to Lithium Corporation and issue 200,000 common
     shares of the Optionee/ TSX-V listed public company.

     On or  before  the  first  anniversary  of the  signing  of the  Definitive
     Agreement  pay $100,000 to Lithium  Corporation  and issue  100,000  common
     shares of the Optionee/TSX-V listed public company.

     On or before  the  second  anniversary  of the  signing  of the  definitive
     agreement  pay $100,000 to Lithium  Corporation  and issue  100,000  common
     shares of the Optionee/TSX-V listed public company.

     Optionee must make qualified exploration or development expenditures on the
Property of $200,000 before the first anniversary, an additional $300,000 before
the second  anniversary,  an additional $600,000 prior to the third anniversary,
and make all  payments  and perform all other acts to maintain  the  Property in
good standing before fully earning their 80% interest.  Additionally, terms will
be  negotiated  for the Optionee to purchase the  Company's  20% interest in the
property for $1,000,000, at which point the Company's interest would revert to a
2 1/2%  Net  Smelter  Royalty  (NSR).  Optionee  may  then  elect at any time to
purchase one half of Lithium Corporation'S NSR for $1,000,000.

     Brian Goss,  President of Lithium  Corporation  stated, "We have achieved a
major  milestone  towards  reaching  our goal of  finding a partner  to  advance
exploration at Fish Lake Valley.  This agreement,  once completed,  will de-risk
our  interest  in the  property  for the next $1.1  million of  exploration  and
development,  allow us to maintain an interest in Fish Lake Valley,  and build a
relationship  with a new  partner  group.  The  Lithium  Corporation  team looks
forward to closing a Definitive Agreement pursuant to these terms."

[LITHIUM CORPORATION LOGO]



     For further information with regard to Lithium Corporation,  please contact
Tom   Lewis   or   Brian   Goss   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 energy  storage  related  resources  throughout  North America,
looking to capitalize on opportunities within the ever expanding next generation
battery markets.  The Company maintains a strategic alliance with Altura Mining,
an ASX listed natural resource  development  company that is currently searching
for  off-take  contracts  for its 100%  owned  world-class  Pilgangoora  lithium
pegmatite property in Western Australia.

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 limited to: that a definitive  option  agreement  will be
entered into with an acceptable  TSX-V listed  company or that such company will
be able to comply with its obligations under such agreement.

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