International Lithium Corp. Prepares for Drilling and Reconnaissance at Blackstairs Project, Ireland

International Lithium Corp. Prepares for Drilling and Reconnaissance at
Blackstairs Project, Ireland

VANCOUVER, B.C., Dec. 4, 2012 (GLOBE NEWSWIRE) -- International Lithium Corp.
("ILC" or the "Company") (ILC: TSX-V) is pleased to announce that following
the approval of the loan and financing arranged with strategic partner Jiangxi
Ganfeng Lithium Co. Ltd. ("Ganfeng"), previously announced in ILC's news
release dated December 3, 2012 the Company initiated exploration on their
wholly owned Blackstairs Lithium project in Ireland.

Work underway by Aurum Exploration Services, an Irish geological consultancy,
has focussed on reviewing historical deep overburden sampling and preparing
targeting for drilling at two prospects. Preliminary results of this review
confirm trends and zonation in lithium, caesium, tantalum and other rare
metals that reinforce the Company's belief there are additional prospects and
extensions to known prospects throughout the belt. Orientation surveys of
previously drilled lithium and rare metal occurrences and regional
reconnaissance surveys are planned for the first quarter 2013 as part of the
"due diligence" stage of Ganfeng's increasing partnership in this project in
which it can earn up to a 100% (NR dated Oct 2, 2012). Diamond drilling is
planned for early 2013.

"We are exited moving into the New Year with a stark program which marks the
next stage of advancement for ILC", commented Kirill Klip, president of
International Lithium Corp., "The increasing cooperation from Gangfeng Lithium
Ltd. brings a success oriented approach to our company and affirms the demand
for our resources, a demand we are committed to meeting to the satisfaction of
our shareholders and strategic partners."

Blackstairs Project

The Blackstairs project, comprised of eight mineral exploration licences
totalling 292 square kilometres, is located 80 km south of Dublin straddling
the Counties of Carlow and Wicklow in Leinster, south-east Ireland. The
Property encompasses an extensive NE-SW oriented 50 kilometre long rare metals
pegmatite belt situated within the East Carlow Deformation Zone along the
eastern side of the Leinster Granite. Approximately 19 significant lithium
pegmatite occurrences have been discovered within the Property to date
primarily as boulder trails with five buried pegmatites known through past
trenching and drilling.

Lithium bearing pegmatite occurrences were first reported in the area in
1970. In the period through to 1977, Irish Base Metals carried out a
preliminary exploration program comprising prospecting, sampling, trenching
and geophysical surveys culminating in 47 short boreholes totalling 2,300
metres at 4 of the 19 lithium pegmatite occurrences over a number of seasons.

Due to the prevalent overburden cover and scarcity of outcrop, prospecting for
lithium pegmatite boulders was the most successful exploration method utilised
to identify priority target areas. The relative location, size and quantity
of pegmatite boulders within the dry stone field boundaries provided a
reliable indication for the approximate position of buried pegmatites. The
Aclare House occurrence, situated in the center of the Property, has witnessed
the most exploration activity on the Property was initially discovered through
this exploration approach.

Thirty-three short drill holes totalling 1,703m were drilled at Aclare House.
A pegmatite body up to 20 metres wide and traced for more than 400 metres
along strike was delineated and a pre-NI43-101 historical resource of 570,000
tonnes grading 1.5% Li2O was reported. (A Qualified Person has not done
sufficient work to classify the historical estimate as current mineral
resources, the issuer is not treating the historical estimate as current
mineral resources and the historical estimate should not be relied upon.)

Five drill holes, for a total of 163 metres, were drilled at the Stranakelly
occurrence situated proximal to the northeast Property boundary.
Lithium-bearing pegmatite mineralization was intersected in four of the holes
with hole STK3 grading 1.85% Li2O over 5.3 metres.

Five drill holes, for a total of 212 metres, were drilled at the Moylisha
occurrence situated approximately 10 kms northeast of Aclare House. The width
of the pegmatite body encountered varied between 5 and 10 metres with one hole
grading 1.66% Li2O over 9.4 metres.

Four drill holes, for a total of 280 metres, were drilled at the Seskinnamadra
occurrence situated approximately 8 kms southwest of Aclare House. The narrow
pegmatite intersections reported from the drilling does not explain the
significant frequency and size of the lithium pegmatite boulders mapped in the
area that suggests a potentially large yet to be discovered buried pegmatite
body.

The observed lithium bearing pegmatites and extensive boulder occurrences
within the Property represent a highly prospective and underexplored region.
In addition, the recent discovery of a high concentration of pegmatite
boulders reporting grades exceeding 4% Li2O at Moylisha only serve to
highlight the exploration potential of the Property.

John Harrop, P.Geo, FGS, is the Company's Qualified Person on the project as
defined under NI 43-101 and has reviewed the technical information contained
in this press release.

About Jiangxi Ganfeng Lithium Co. Ltd.

Ganfeng Lithium based in Xinyu, Jiangxi Province, China, is a professional
producer of lithium products which has developed a comprehensive product
chain, including lithium metal and alloys, inorganic and organic lithium
chemicals, supplies a wide range of lithium products for primary and secondary
lithium battery market, pharmaceutical and new material industries. Ganfeng
Lithium's principal market is in China with international exports to Europe,
Japan, the USA and India. Ganfeng Lithium was founded in 2000 and listed on
the Shenzhen Stock Exchange in August 2010, notably as the first publicly
listed lithium company in China and has experienced rapid continuous growth
over the last 11 years.

About International Lithium Corp.

International Lithium Corp. is an exploration company with an outstanding
portfolio of projects, strong management ownership, robust financial support
and a strategic partner and keystone investor Jiangxi Ganfeng Lithium Co.
Ltd., a leading China based lithium product manufacturer.

The Company's primary focus is the Mariana lithium-potash brine project in
Argentina within the renowned South American 'Lithium Belt' that is host to
the vast majority of global lithium resources, reserves and production. The
160 square kilometre Mariana project strategically encompasses an entire
mineral rich evaporite basin that ranks as one of the more prospective
salarsor 'salt lakes' in the region.

Complementing the Company's lithium brine projects are rare metals pegmatite
properties in Canada and Ireland that have revealed through recent highly
positive results a clear potential that the Company will advance with the
support of its strategic partner, Ganfeng Lithium. These projects can add
distinct value as the Company strives to source rare metals to help meet the
increasing demand through the growth in global technologies that utilize the
rare metals suite of elements.

With the increasing demand of high tech applications in battery and vehicle
propulsion technologies, lithium and other rare metals are no doubt the metals
of tomorrow's green tech economy. By positioning itself with solid development
partners and projects with significant resource potential, ILC aims to be the
green tech resource developer of choice for investors and build value for its
shareholders.

International Lithium mission is to find, explore and develop projects which
have the potential to become world class lithium, potash and rare metal
deposits.

On behalf of the Board of Directors,

Kirill Klip

President, International Lithium Corp.

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. Statements in
this press release other than purely historical information, historical
estimates should not be relied upon, including statements relating to the
Company's future plans and objectives or expected results, are forward-looking
statements. News release contains certain "Forward-Looking Statements" within
the meaning of Section 21E of the United States Securities Exchange Act of
1934, as amended. Forward-looking statements are based on numerous assumptions
and are subject to all of the risks and uncertainties inherent in the
Company's business, including risks inherent in resource exploration and
development. As a result, actual results may vary materially from those
described in the forward-looking statements.

Contact:

Caroline Klukowski
ck@coastmountaingeo.com

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