A reminder of Fish Lake from Lithium Corporation. Lithium...

A reminder of Fish Lake from Lithium Corporation.

Lithium Corporation acquired the Fish Lake Valley prospect in 2009. In the
1800s, it operated as a producer of borates from a lithium/boron/potassium
rich brine recovered from the east side of the salt flats. The prospect is
currently comprised of one hundred and forty three - 80 acre Association
Placer claims for a total of approximately 11,360 acres (4,597 hectares),
covering the most prospective portions of the playa. These flats lie at an
elevation of 4684 feet (1427 meters) above sea level and are ideally suited
for a lithium brine operation. In addition to the flat geography, the valley
is arid and there are considerably more evaporative days in the year than days
where conditions are not conducive to evaporation. The property is easily
accessible via Highways 6 & 773 and several miles of well maintained gravel
roads. In addition to the road network, infrastructure is very good in Fish
Lake Valley with power, fuel and phone service available locally, and most
supplies available in Tonopah approximately 40 miles (60 kms) east.

As the crow flies the property is only 22 miles (35 kms) west across the
Silver Peak Range from Albermarle's Silver Peak lithium brine operation, the
only active commercial lithium mine in the United States. LTUM's Fish Lake
Valley lithium-in-brine prospect is quite analogous to the Silver Peak lithium
brine operation as:

* Hosts a documented lithium enriched brine both near surface and at
relatively shallow depths – has not been fully delineated, and explored to
depth.

* Brine hosted in the same sediments/rocks as the mineralized brine at
Silver Peak.

* Proximal to lithium enriched geothermal waters which are likely at least
in part responsible for the formation of the lithium-in-brine deposits
that occur both here and at Silver Peak.

* Structure conducive to the formation of a Silver Peak style deposit. At
the junction of a possible splay of the northeasterly trending Death
Valley - Furnace Creek fault system and the northwesterly trending Grand
Central fault which is possibly related to, or an extension of, the Cross
Central fault that is an integral part of the system at the Silver Peak
mine.

Gw