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Western Lithium Canada Corporation: Western Lithium Appoints Investor Relations Officer

^{Published on 2009-08-25 04:18:09, Last Modified on 2009-08-25 04:18:10 - Market Wire}
 

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 25, 2009) - Western Lithium Corporation ("Western Lithium" or the "Company") (TSX VENTURE:WLC) is pleased to announce the appointment of Cindy Burnett as Vice President of Investor Relations, effective August 17, 2009.

Ms. Burnett has been actively associated with Western Lithium for the past six months as a consultant, initiating investor relations activities. She will be responsible for the ongoing development of external investor and communications programs for the Company.

Ms. Burnett is an experienced investor relations professional and has worked in both the chemical and mining industries. She was most recently Vice President of Investor Relations at Skye Resources Inc. (which merged with HudBay Minerals Inc.) and prior to that was Vice President of Investor Relations at Ivanhoe Energy Inc. Ms. Burnett previously spent over 25 years with NOVA Chemicals and the Alberta Gas Trunk Line Company in both Canada and the U.S. in a number of corporate roles, including investor relations. She is a past President of the Pittsburgh Chapter of the National Investor Relations Institute and previously a Director of the B.C. Chapter of the Canadian Investor Relations Institute. Ms. Burnett was previously granted options to acquire 200,000 common shares of the Company at a price of C$0.54 per share, which vest over a period of 18 months in accordance with the minimum vesting requirements of 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.

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.

(1) Western Lithium has completed a National Instrument 43-101 resource estimate for the envisioned initial stage of development. The current resources are part of the historical estimate of 11 million tonnes of lithium carbonate equivalent (LCE) prepared by Chevron Resources and ranks in size behind deposits in Chile (32 million tonnes LCE), Bolivia (29 million tonnes LCE), North Carolina (14 million tonnes LCE) and the DRC (12 million tonnes LCE). Source: Roskill Information Services Ltd., R. Keith Evans, National Research Council and Western Lithium estimates. 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.

On behalf of Western Lithium Corporation

Jay Chmelauskas, President

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.