Canada Lithium Announces Project Update and Appointment of New CFO

 Canada Lithium Announces Project Update and Appointment of New CFO  TSX: CLQ; U.S. OTC: CLQMF  TORONTO, April 12, 2013 /CNW Telbec/ - Canada Lithium Corp. ("Canada Lithium"  or the "Company") (TSX: CLQ) (U.S. OTC: CLQMF) announced today that it  continues to work actively with the Canadian Standards Association (CSA) with  a view to the completion of the CSA's inspection of the process plant  kiln.Following a conference call yesterday with CSA representatives, the  Company continues to provide technical information and documentation, and now  anticipates that CSA technical staff will effect their on-site inspection of  the kiln next week. The on-site inspection which had been anticipated to occur  earlier this week was not undertaken.  Prior to on-site inspection by the CSA, the Company anticipates testing the  process control programs of the kiln in the coming days, during which  conversion of spodumene will occur. As part of the commissioning phase, the  kiln will be pre-heated to its operating temperature. Production of lithium  carbonate through the kiln will not commence until CSA approval is obtained.  The Company continues to expend working capital on the mining operation and  the ongoing commissioning of the project. Demobilisation of the construction  team has commenced and is ongoing.  Tailings Management Facility (TMF)  Golder Associates, the Company's TMF geotechnical consultant, has submitted,  as scheduled, a remedial action plan to the Ministère du Développement  durable, de l'Environnement de la Faune et des Parcs (MDDEFP) in respect of  the plant's TMF and has received initial comments on the plan. Once this plan  is approved, remediation will commence. Canada Lithium anticipates that the  remediation work can be completed within 10 days of MDDEFP approval and  without affecting plant commissioning.  Executive Appointments  The Company also announced that Halina McGregor, Vice President, Finance, has  been appointed Chief Financial Officer. Ms. McGregor, a member of the  Institute of Chartered Accountants of Ontario and l'Ordre des CPA du Québec,  was formerly Vice President, Finance, and CFO with such major companies as  Goldcorp Inc. and Sherritt International Corp. Ms. McGregor is fluently  bilingual and most recently served as CFO of Calyx Transportation, a  1,000-employee logistics and transportation firm.  Ms. McGregor assumes the CFO position formerly held by Germaine Coombs, who  served as CFO during the Company's transitional phase from exploration company  to mine developer.  "Ms. Coombs played a central role in our early development," said CEO Peter  Secker. "It is with regret that we see her leave the Company and I speak for  the entire senior management team in wishing her well as she continues in her  role as CFO of Stonegate Agricom Ltd."  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. A five-year off-take  agreement for a minimum of 12,000 tonnes per year was recently signed with  Tewoo-ERDC, one of China's largest commodities traders. A second off-take for  up to 5,000 tonnes per year was recently signed with Marubeni Corp., a major  Japanese commodities trading company. 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, CEO and Deputy Chairman (416) 361-2821  Olav Svela, Director, Investor Relations (416) 361-2821 or (416)  479-4355 or  emailosvela@canadalithium.com  Christine Stewart, Renmark Financial Communications Inc. (416) 644-2020  or  emailcstewart@renmarkfinancial.com  Please visit the Canada Lithium website atwww.canadalithium.com or copy the  following link into your Web browser to view our Photo   Gallery:http://www.canadalithium.com/s/PhotoGallery.asp. You can also follow  us on Facebook and Twitter. On our Home Page,  there is also a link to a  recent video that aired on Discovery  Channel'sDaily Planet program.  Corporate Office: 401 Bay Street, Suite 2010, Box 118, Toronto, ON, M5H  2Y4  SOURCE: Canada Lithium Corp.  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/April2013/12/c4751.html  CO: Canada Lithium Corp. ST: Ontario NI: MNG 2575 WNEWS