| October 07, 2009 Canada Lithium Appoints New CFO and Investor Relations Director | |
| Toronto, October 7, 2009 - Canada Lithium Corp. (TSXV: CLQ) announced today that it has appointed William E. Jupp, CA, as Chief Financial Officer of the Company and Olav Svela as Director of Investor Relations. Mr. Jupp was most recently Director, Financial Reporting with Brookfield Properties and was Assistant Secretary and Director, Financial Reporting for Trizec Canada prior to its acquisition by Brookfield. He is a member of the Ontario Institute of Chartered Accountants and the Alberta Institute of Chartered Accountants. He is also a Certified Public Accountant (Illinois). Mr. Jupp has a wealth of experience in senior accounting positions, having spent more than 25 years with publicly-traded real estate, mining and oil and gas companies both in Canada and the United States. Mr. Jupp will take over his duties from outgoing CFO Andres Tinajero on October 15. In announcing Mr. Jupp's appointment, Company President and CEO Peter Secker said, "we owe a debt of gratitude to Mr. Tinajero. On the financial side, he was a key member of management through a period of growth and change." Mr. Svela most recently was Vice President, Investor Relations, for Blue Pearl Mining, which acquired private molybdenum producer Thompson Creek Metals in 2007, and for Glencairn Gold. As a Toronto-based IR consultant, he has represented mining and oil and gas clients with assets in such diverse regions as Kazakhstan, Uganda, Papua New Guinea, Australia, Brazil and, of course, Canada and the U.S. Mr. Svela was formerly the Editor of The Northern Miner and The Northern Miner Magazine. Canada Lithium Corp. is a Canadian-based resource and exploration company trading under the symbol CLQ on the TSX-V. The Company plans to develop a former lithium mine near Val d'Or, Que., which operated from 1955 to 1965. It hosts an NI 43-101 non-compliant historical resource of 15 million tonnes grading 1.14% Li2O. Please note, a Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources; Canada Lithium Corp. is not treating the historical estimate as current mineral resources; and the historical estimate should not be relied upon. Canada Lithium is also exploring the potential of several lithium brine deposits in Nevada. For more information please contact: Peter Secker, President and CEO (416) 361-2821 Olav Svela, Director, Investor Relations (416) 361-2821 or email osvela@canadalithium.com Dan Symons, Renmark Financial Communications Inc. (514) 939-3989 or email dsymons@renmarkfinancial.com Or visit the Canada Lithium website at www.canadalithium.com. (Please note, the website is undergoing an update and re-design.) Corporate Office: 401 Bay St., Suite 2010, Toronto, Ont. M5H 2Y4 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 release. Forward-looking Information The statements made in this press release may contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of Canada Lithium Corp. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of Canada Lithium Corp. management as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the Company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the Company. Canada Lithium Corp. disclaims any obligation to update information contained in any forward-looking statement. | |
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