Lithium Americas Receives Committee of Experts Project

Lithium Americas Receives Committee of Experts Project Approval for
its World Class Cauchari-Olaroz Lithium Project 
Creates Executive Committee to Oversee Financing Proposals 
TORONTO, ONTARIO -- (Marketwire) -- 11/14/12 -- Lithium Americas
Corp. (TSX:LAC)(OTCQX:LHMAF) ("Lithium Americas" or the "Company") is
pleased to announce that it has received approval for the
construction of its Cauchari-Olaroz lithium project from the
Committee of Experts of the province of Jujuy. The Committee of
Experts is tasked with assessing the impact and benefits to the
province of Jujuy of any proposed lithium project.   
"Receipt of Committee of Experts project approval is another major
milestone for our Company," said Tom Hodgson, Executive Chairman of
Lithium Americas. "Given that the fundamentals of the lithium
industry continue to be very strong, we are extremely pleased to be
one important step closer to the construction of Cauchari-Olaroz,
projected to be one of the largest and lowest cost lithium brine
projects in the world. Our focus is now on finalizing project
financing, and on preparing for the project construction phase."  
Committee of Experts' approval has been granted following the Company
entering into an agreement with Jujuy Energia y Mineria Sociedad del
Estado ("JEMSE"). JEMSE is the government of Jujuy's mining
investment company, involved in the development of mining projects in
the province of Jujuy. The agreement with JEMSE, whereby JEMSE will
acquire an 8.5% equity interest in the Cauchari-Olaroz project,
provides Lithium Americas with valuable management services in order
to develop its world class lithium project. These management services
include: 


 
--  Liaison with the national customs authorities to facilitate import of
    all the necessary equipment and components, primary materials and/or
    necessary services for the development of the project and the export of
    products 
    
--  Liaison with the governing bodies of the province of Jujuy and the
    municipality of Susques 
    
--  Liaison with the authorities of the Republic of Argentina's Central Bank
    to facilitate the import and export of currency 
    
--  JEMSE to obtain a list of local providers such that the Company can make
    an appropriate selection based on 
their qualifications. Priority will be
    given to local providers to ensure quality, opportunity, price and local
    participation on the basis of the project schedule, financial
    requirements, and best practices 

 
JEMSE will be required to cover its pro rata share of the financing
requirements for the construction of the Cauchari-Olaroz project.
These funds will be loaned to JEMSE by Lithium Americas and will be
repayable out of one-third of the dividends to be received by JEMSE
over future years from the Cauchari-Olaroz project. The distribution
of dividends to JEMSE and other shareholders in the project will only
commence once all annual commitments related to project debt
financing are met.  
The terms of the JEMSE agreement with Lithium Americas are comparable
to a similar agreement recently entered into between JEMSE and
another Jujuy-based lithium development company. A most favoured
nations clause ensures that, should JEMSE reach an agreement with any
other lithium company on terms that are more favourable than those in
Lithium Americas' agreement, those more favourable terms will
automatically apply to Lithium Americas' agreement with JEMSE. A
definitive agreement with JEMSE is expected to be executed at the
time that project financing is obtained.  
"Lithium Americas was able to achieve project approval within less
than a year of submitting its initial Environmental Impact
Statement," stated Dr. Waldo Perez, President and CEO of Lithium
Americas. "Very few resource projects anywhere in the world have
moved forward in terms of discovery, feasibility and government
approval as quickly as our project. This is attributable to the
strength of our Argentinean team, as well as the overwhelming support
of the aboriginal communities which have been strong advocates of our
project."  
Creation of an Executive Committee to Oversee Financing Proposals  
Given the tremendous economic value of the Company's Cauchari-Olaroz
project, as reflected in the definitive Feasibility Study filed by
the Company in July 2012, Lithium Americas has received several new
expressions of interest in financing its project, in addition to the
agreements that the Company already has with its two strategic
investors. In order to better manage these project financing
discussions, Lithium Americas has created an Executive Committee of
the Board to oversee the process of soliciting financing proposals
for the development of the Company's Cauchari-Olaroz project, and to
manage discussions with current and prospective strategic partners.
The Executive Committee is comprised of John Kanellitsas (Committee
Chair), Constantine Karayannopoulos, and Tom Hodgson, supported by
Dr. Perez. The Executive Committee will be assisted in this effort by
Scotia Capital, acting as Lithium Americas' financial advisor. 
CFO Appointment  
Mike Cosic, MBA, CFA, who has served as Lithium Americas' Vice
President Corporate Development for the last 3 years, and earned the
full confidence of the Board, assumed the CFO role effective November
5, 2012. Lithium Americas looks forward to Mike playing an expanded
role in the future of the Company.  
Omar Salas, the Company's previous CFO, left Lithium Americas
effective November 4, 2012 to pursue other interests. As CFO, Mr.
Salas was an important member of the organization and Lithium
Americas wishes him all the best in his future endeavours.  
About the Company 
Lithium Americas is developing one of the world's largest and lowest
cost lithium operations. The Company has defined the world's third
largest lithium brine resource, and a completed definitive
Feasibility Study identified that Lithium Americas' operating cost
per tonne of lithium carbonate is expected to be one of the lowest in
the industry. Mitsubishi Corporation and Magna International are
shareholders in the Company, in addition to both companies having
off-take arrangements with Lithium Americas.  
Cautionary Note and Forward-Looking Statements  
This press release contains forward looking statements, which can be
identified by the use of statements that include words such as
"plan", "developing", "estimate", "could", "potential", "believe",
"expect", "anticipate", "intend", "likely", "will" or other similar
words or phrases. Forward-looking statements express, as at the date
of this press release, the Company's plans, estimates, forecasts,
projections, expectations, or beliefs as to future events or results.
Forward-looking statements are based on certain assumptions,
including the key assumptions and parameters on which such estimates
are based, involve risks and uncertainties and there can be no
assurance that such statements will prove to be accurate. Therefore,
actual results and future events could differ materially from those
anticipated in such statements. 
Factors that could cause results or events to differ materially from
current expectations expressed or implied by the forward-looking
statements, include, but are not limited to, possible variations in
mineral resource and reserve estimates, grade/concentration or
recovery rates, lithium or potash prices, operating or capital costs;
availability of sufficient financing to fund planned or further
required work in a timely manner and on acceptable
 terms; changes in
project parameters as plans continue to be refined; failure of
equipment or processes to operate as anticipated or other
unanticipated difficulties or interruptions; political, community
relations, regulatory, environmental and other risks of the mining
industry and other risks more fully described in the Company's Annual
Information Form dated May 28, 2012 and its most recent management's
discussion and analysis available on SEDAR. The Cauchari-Olaroz
project has no operating history upon which to base estimates of
future cash flow. The capital expenditures and time required to
develop any new project is considerable and changes in capital and/or
operating costs or construction schedules can affect project
economics. It is possible that actual capital and/or operating costs
may increase significantly and economic returns may differ materially
from the Company's estimates or that prices of lithium and/or potash
may decrease significantly or that the Company could fail to obtain
or maintain governmental approvals necessary for the operation of its
project or obtain project financing on acceptable terms and
conditions or at all, in which case, the project may not proceed
either on its original timing or at all. It is not unusual in the
mining industry for new mining operations to experience unexpected
problems during the start-up phase, resulting in delays and requiring
more capital than anticipated. Although the Company has attempted to
identify important factors that could cause actual results to differ
materially from those contained in forward looking statements, there
may be other factors that cause results to be materially different
from those planned, estimated, forecasted, projected or expected. The
Company does not intend, and does not assume any obligations, to
update forward-looking statements, whether as a result of new
information, future events or otherwise, unless otherwise required by
applicable securities laws. Readers should not place undue reliance
on forward looking statements. 
Contacts:
Lithium Americas Corp.
Mike Cosic
Chief Financial Officer
416-360-1921
mcosic@lithiumamericas.com
www.lithiumamericas.com
 
 
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