Canada Lithium Signs Off-take Agreement with Marubeni for up to 5,000 tonnes per year of Lithium Carbonate

Canada Lithium Signs Off-take Agreement with Marubeni for up to 5,000 tonnes 
per year of Lithium Carbonate 
TORONTO, Jan. 9, 2013 /CNW Telbec/ - Canada Lithium Corp. (TSX: CLQ) (U.S. 
OTC: CLQMF) announced today it has signed a three-year Distributorship 
Agreement with Marubeni Corporation, one of Japan's largest commodities 
trading companies. The Agreement provides for Marubeni to exclusively 
distribute Canada Lithium's battery-grade lithium carbonate in Japan for an 
initial three-year period beginning in 2013, with the option to extend the 
Agreement for a subsequent three-year term commencing in 2016. Under the terms 
of the Agreement, Marubeni will purchase a minimum 2,000 tonnes of lithium 
carbonate in 2013. It holds an option to increase the off-take to 5,000 
tonnes by 2015. 
The first shipment to Marubeni will commence in July 2013. Marubeni will 
purchase the lithium products Free on Rail (FOR) in Val d'Or, Québec. 
In November 2012, Canada Lithium Corp. announced a five-year off-take 
agreement with Tewoo ERDC (Tianjin Products and Energy Resources Development 
Co., Ltd.), one of China's larger commodities traders, for a minimum annual 
commitment of 12,000 tonnes of battery-grade lithium carbonate beginning in 
2013. In the event Tewoo triggers a clause allowing for an additional 20% 
off-take in 2014, Canada Lithium could deliver to Tewoo up to a maximum 14,400 
tonnes during calendar year 2014 and in the years following. 
Project Update 
The project continues to meet its milestones with the production of the first 
spodumene concentrates from the flotation plant at the end of December 2012. 
Commissioning of the flotation plant is on-going and commissioning of 
hydrometallurgical sections of the processing plant is now under way. The 
first shipment of lithium carbonate under the five-year Tewoo off-take 
agreement is scheduled for end-March 2013. The 20,000-tonne-per-annum lithium 
carbonate processing plant is scheduled to complete ramp-up to full production 
by Q4, 2013. 
About Canada Lithium Corp. 
The Company holds a 100% interest in the Québec Lithium Project near Val 
d'Or, the geographical heart of the Québec mining industry. It has completed 
construction and is in the commissioning phase of an open-pit mine and on-site 
processing plant with estimated capacity to produce approximately 20,000 
tonnes of battery-grade lithium carbonate annually. Metallurgical tests have 
produced battery-grade lithium carbonate samples. Lithium carbonate is used in 
lithium-ion batteries that power consumer electronics (laptops, tablets, 
etc.), power-grid storage facilities and electric and hybrid vehicles. The 
Company trades under the symbol CLQ on the TSX and on the U.S. OTCQX under the 
symbol CLQMF. 
Cautionary Statement Regarding Forward-Looking Information 
This press release contains "forward-looking information" within the meaning 
of Canadian securities legislation. Forward-looking information is based upon 
the Company's beliefs, estimates and opinions as at the date of this press 
release, which the Company believes are reasonable, but no assurance can be 
given that these will prove to be correct. Furthermore, the Company undertakes 
no obligation to update or revise forward-looking information contained herein 
if these beliefs, estimates and opinions or other circumstances should change, 
except as otherwise required by applicable law. 
Forward-looking information relates to future events or to future conditions, 
performance or results of operations and reflects current expectations or 
beliefs regarding such matters including, but not limited to, information or 
statements with respect to: (i) the amount of mineral resources; (ii) 
exploration, development and production activities, including information 
regarding the potential mineralization and resources; (iii) the amount of 
future output over any period; (iv) net present value and internal rates of 
return of the mining operation; (v) assumptions relating to capital costs, 
operating costs and other cost metrics; (vi) assumptions relating to gross 
revenues, operating cash flow and other revenue metrics; (vii) assumptions 
relating to future price and demand for lithium and other macroeconomic 
metrics; (viii) exploration and development plans, including anticipated costs 
and timing thereof, time frames for completion, and anticipated time to 
production; (ix) mine potential and expected mine life; and * sources of and 
anticipated financing requirements. 
All information other than matters of historical fact may be forward-looking 
information. In some cases, forward-looking information can be identified by 
the use of words such as "seek", "expect", "anticipate", "budget", "plan", 
"project", "estimate", "assume", "continue", "forecast", "intend", "believe", 
"predict", "potential", "target", "strategy", "goal", "may", "could", "would", 
"might", or "will" and similar words or phrases (including negative 
variations) suggesting future outcomes or statements regarding an outlook. 
Forward-looking information is based upon certain assumptions by the Company 
or its consultants and other important factors that, if untrue, could cause 
the actual results, performances or achievements of the Company to be 
materially different from future results, performances or achievements 
expressed or implied by such information. Such information is based on 
numerous assumptions regarding present and future business strategies and the 
environment in which the Company will operate in the future, including the 
price of lithium, anticipated costs and ability to achieve goals. Certain 
important factors that could cause actual results, performances or 
achievements to differ materially from those in the forward-looking 
information include, but are not limited to: (i) required capital investment 
and estimated workforce requirements; (ii) estimates of net present value and 
internal rates of return; (iii) future demand and market prices for lithium; 
(iv) receipt of regulatory approvals on acceptable terms within commonly 
experienced time frames; (v) anticipated timelines for the commencement of 
production; (vi) anticipated timelines for community consultations and the 
impact of those consultations on the regulatory approval process; and (vii) 
future exploration plans and objectives. 
By its nature, forward-looking information involves known and unknown risks, 
uncertainties and other factors which may cause actual results, performance or 
achievements, or industry results, to differ materially from those expressed 
or implied by such forward-looking information. Some of the risks and other 
factors that could cause actual results to differ materially from those 
expressed in the forward-looking information contained in this press release 
include, but are not limited to, risks and uncertainties relating to: (i) the 
interpretation of drill results, the geology, grade and continuity of mineral 
deposits and conclusions of economic evaluations; (ii) results of feasibility 
studies, and the possibility that future exploration, development or mining 
results will not be consistent with the Company's expectations, (iii) the 
outcome of litigation in which the Company is or may in the future become 
involved; (iv) risks relating to possible variations in reserves, grade, 
planned mining dilution and ore loss, or recovery rates and changes in project 
parameters as plans continue to be refined; (v) mining and development risks, 
including risks related to accidents, equipment breakdowns, labor disputes 
(including work stoppages and strikes) or other unanticipated difficulties 
with or interruptions in exploration and development; (vi) risks related to 
the inherent uncertainty of production and cost estimates and the potential 
for unexpected costs and expenses; (vii) risks related to future commodity 
demand and price and foreign exchange rate fluctuations; (viii) the 
uncertainty of profitability based upon the cyclical nature of the industry in 
which the Company operates; (ix) risks related to failure to obtain adequate 
financing on a timely basis and on acceptable terms or delays in obtaining 
governmental approvals or in the completion of development or construction 
activities; * risks related to environmental regulation and liability; (xi) 
political and regulatory risks associated with mining and exploration; (xii) 
risks related to the uncertain global economic environment; and (xiii) other 
risks and uncertainties related to the Company's prospects, properties and 
business strategy. Although the Company has attempted to identify important 
factors that could cause actual results or events to differ materially from 
those described in the forward-looking information, readers are cautioned that 
this list is not exhaustive and there may be other factors that the Company 
has not identified. Readers are cautioned not to place undue reliance on 
forward-looking information contained in this press release. All 
forward-looking information contained in this press release or incorporated by 
reference herein is expressly qualified by this cautionary note. 
Peter Secker, President and CEO (416) 361-2821 Olav Svela, Director, Investor 
Relations (416) 361-2821 or (416)  479-4355 or 
Christine Stewart, Renmark Financial Communications Inc. (416) 644-2020  or Please visit the Canada Lithium website or copy the following link into your Web browser to 
view our Photo Gallery: You 
can also follow us on Facebook andTwitter. On our Home Page,  there is 
also a link to a recent video that aired on  DiscoveryChannel'sDaily 
Planet program. Corporate Office: 401 Bay Street, Suite 2010, Box 118, 
Toronto, ON, M5H  2Y4 
To view this news release in HTML formatting, please use the following URL: 
ST: Ontario
Press spacebar to pause and continue. Press esc to stop.