Lithium Corporation Chairman and CEO, Tom Lewis Provides a Mid-

 
FSC / Press Release 
Lithium Corporation Chairman and CEO, Tom Lewis Provides a Mid-Year 2013 Update
to Shareholders 
Reno, Nevada US, July 11, 2013 /FSC/ - Tom Lewis, Chairman and CEO of Lithium
Corporation (OTCQB: LTUM),a junior mining company focused on creating
shareholder value through the discovery and development of lithium, graphite,
and related mineral resources is pleased to provide an update on the Company's
progress and recent developments. 
We have reached the halfway point of 2013, a challenging year for most junior
mining companies. Yet, while most mining companies in the lithium and graphite
space are facing severe challenges due to conditions involving lack of funds,
political issues (South America), delays and/or expenses related to permitting,
LTUM is using this time to expand our portfolio of projects and delineate Fish
Lake Valley, our premier lithium property. We are also very excited to report
our entry into the exploration and development of graphite with our recent
acquisitions of graphite properties in 2013. 
As CEO of Lithium Corporation, I would like to describe our progress and recent
developments. The mining industry is currently knee-deep in a cyclical trough,
not unlike what any industry experiences from time to time. As we wait for a
recovery, we are using this time to identify new properties and expand on the
properties already in our portfolio. We differ from many other junior
exploration mining companies in that our balance sheet is strong, allowing
Lithium Corporation to identify, analyze and act upon opportunities. Moving
forward, our goal is to position the Company to create value that should
ultimately lead to a much higher stock price. 
THE INDUSTRY 
THE IMPORTANCE OF LITHIUM: As most of you know, lithium is used in a variety of
applications, such as ceramics, glass, lubricating greases, metallurgy, and
electronics to name a few. Lithium-ion batteries, due to their high charge
capability, lighter weight and recharging ability, have become a vital element
in the increasing demand for electronic devices and, recently, electric cars. 
PROJECTED GROWTH OF LITHIUM: Although the overall demand for lithium has been
relatively steady over the past few years, demand for lithium used in
lithium-ion batteries is predicted to grow 10-25% per year. Growth in the last
few years is due primarily to the continued high worldwide demand in handheld
computers, tablets, cell phones, and other electronic devices that use
lithium-ion batteries. We believe the demand will accelerate once the electric
car market takes stride.  Based on some new estimates, we should begin to see a
lift in demand by the end of this year, with a strong build for several years to
come.
To date, the production of lithium worldwide has been ample to meet demand. Most
production comes from mines in China, Argentina, Bolivia, Chile and Australia.
Currently, there is only one lithium production facility in North America
located at Silver Peak, Nevada, approximately 20 miles from Fish Lake Valley.
Over the next 2-5 years, additional production facilities are expected to come
on line, which could meet near-term demand.  Although it is difficult to predict
longer term, some prognosticators anticipate that demand for lithium could out
strip production by the year 2020, creating a possible shortage of lithium. 
ELECTRIC CARS: In 2007 oil prices hovered around $140 per barrel, pushing
gasoline prices to record levels around the world. This led to the "green"
movement and a focus on producing automobiles less reliant on fossil fuels. Many
predictions included an increasing demand for hybrid and all-electric cars,
leading to a high demand for lithium-ion batteries and ultimately concerns that
there could be a shortage of lithium by 2012. Unfortunately, these predictions
did not hold true, as the worldwide recession softened the demand, and oil
prices dropped to more affordable levels. 
We are now seeing new demand for electric vehicles, as witnessed by the
surprisingly good results at Tesla Motors. If you happen to have a Tesla store
nearby, I encourage you to stop by for a visit. 
OUR HOLDINGS 
LITHIUM: 
Fish Lake Valley Property: At the Company's flagship Fish Lake Valley property,
a lithium/boron/potassium anomaly has been discovered using near-surface auger
sampling, and more recently by sonic drilling. The drilling programs have
outlined a lithium anomaly of 450 meters by 750 meters, which is not yet fully
delimited. Lithium values in this zone averaged 47.05 mg/L, ranging from 7.6 up
to 151.3 mg/L.  In addition, our most recent drilling program delineated boron
and potassium values averaging 992.7 mg/L and 0.535% respectively. 
This concentration of lithium-in-brine is comparable to the grade of the deposit
currently being exploited at the Silver Peak operation, located nearby in
Clayton Valley. Silver Peak is currently the only lithium-in-brine operation in
North America. Silver Peak is owned by Rockwood Holdings and has been in
operation since 1965. 
Lithium Corporation currently has 40 claims covering 3,200 acres. This includes
an additional four strategic claims that were acquired in January, 2013,
totaling an additional 320 acres. The Fish Lake Valley claims are federal
unpatented mining claims, with no underlying royalties.  The Company's drilling
contractor has indicated that there is a window of availability in late July,
and we anticipate operations to recommence at this point. 
San Emidio Property: The Company's San Emidio property is located in Washoe
County, Nevada and comprises 20 claims totaling 1,600 acres. Our 2011 drilling
program identified lithium values as high as 84 mg/L, along with high calcium
and potassium values, and moderate boron and magnesium values.  Additional
drilling programs are scheduled in 2013. 
GRAPHITE: 
BC Sugar Property: In June, 2013, we acquired the BC Sugar property. BC Sugar is
located in the Shuswap area in British Columbia, Canada, and totals 5,031.97
acres (2036.366 hectares).  Some graphitic rocks have been known to occur in the
general area previously, but the Sugar Lake discovery is a new occurrence of
flake graphite in quartz, biotite mica gneiss, marbles, and also in
calc-silicate gneissic rocks in this locale. The host rocks at BC Sugar are
similar to the host rocks in the area of the Crystal Graphite deposit, which is
approximately 55 miles (90 kilometers) southeast of the project area. 
We have mobilized a crew to the BC Sugar property where work is presently
ongoing. Although it is somewhat premature, we are very excited about the
potential of BC Sugar as some of the early findings have identified high quality
natural large flake graphite, also known as "battery" grade graphite. 
Mt  Heimdal Property: The Mt Heimdal property is comprised of three (3) mineral
claims, which encompass 2,582 acres (1,045 hectares) of highly metamorphosed
rock.  The property is roughly six miles (10 kms) South of Eagle Graphite
Corporation's Black Crystal quarry, and is located within the same rock sequence
of gneiss, graphite mineralized marble, and graphitic calc-silicate gneiss. Data
from BC Geological Survey assessment reports indicate that mineralization
grading up to 4.8% graphitic carbon may be located on the property.  Preliminary
work is now complete on the eastern areas of the property, where graphitic rocks
were encountered.  The company is presently waiting on analytical results from
this work phase. 
WHY GRAPHITE? Over the last few months, we have had a few enquiries wondering
why we are expanding into graphite properties. High purity graphite is presently
the most widely used anode material for lithium ion battery technology.
Typically, greater than ten times more graphite than lithium is used in lithium
ion battery production.  In addition to increased graphite consumption due to
growth in lithium-ion batteries sales, carbon fiber composites are increasingly
being utilized in auto, and aircraft construction, which requires graphite
material.  Also, there is considerable ongoing research into graphene, a flake
graphite product, and it is possible a myriad of new applications or uses of
graphite will ensue as a direct result of this work. 
CORPORATE DEVELOPMENTS 
BALANCE SHEET: We are pleased to confirm to our shareholders that we have ample
funds to continue to identify and acquire lithium and graphite properties and
cover any general and administrative expenses over the near term. This is
extremely important, as we are not dependent on dilutive additional funding when
our stock price is hovering at today's low levels. At some point in the future,
we will require additional funds to advance our premier properties toward post
exploration and development stages. We hope this can be accomplished when our
stock price is much higher allowing for limited future dilution. 
As of June 30, 2013, Lithium Corporation has a cash balance of approximately
$1,025,000 and zero debt. Our accounts payable approximates $22,000, of which a
majority will be paid within the first two weeks of July.  We have doubled the
number of properties and expanded our position at Fish Lake Valley within our
asset portfolio since the end of the 2012.  Our recent graphite acquisitions
were negotiated at very reasonable prices well below what we believe they are
worth. We hope to add additional lithium and graphite properties as
opportunities arise due to weakened market conditions. This should ultimately
strengthen our balance sheet even further. 
We pride ourselves on not spending our precious funds on excessive and needless
expenses. We don't pay executive salaries and our general and administrative
expenses are minimal. Other than exploration costs, our highest expenses are
related to legal and accounting, which are required for all public companies. 
As CEO, I spend a good portion of my time in the field looking for new
exploration opportunities and expanding the ones we already hold. 
ALTURA RELATIONSHIP: In November, 2012, we announced a strategic relationship
with Altura Mining Limited (Altura, ASX - AJM). Altura is an Australian-based
company engaged in exploration for coal, iron ore, lithium and other minerals on
its tenements located in Australia and Indonesia. 
Altura's Pilgangoora lithium project,
(http://www.alturamining.com/index.php?option=com_content&task=view&id=569&Itemid=276) located in the Pilbara region of Western Australia has been identified as a world class high grade hard rock lithium project. The project has been significantly increased in size in the last 12 months, and positive project development scoping studies are progressing. Altura also has a one-third interest in the operating 1.5mtpa Delta Coal mine in Indonesia, and is progressing its Tabalong coal project (http://www.alturamining.com/index.php?option=com_content&task=view&id=512&Itemid=230) in South Kalimantan to final approvals stage. Altura's 30% interest in the Mt Webber iron ore project (http://www.alturamining.com/index.php?option=com_content&task=view&id=515&Itemid=232) (joint venture with Atlas Iron Limited - ASX: AGO) in the Pilbara region of Western Australia is planned to commence production in early 2014 at an initial production rate of 3 Mtpa. 
Altura's investment in Lithium Corporation provides Altura an initial toehold in
the North American mining and exploration market. We highly value our
relationship with Altura and their wealth of knowledge and experience, and look
forward to a much stronger relationship in the years to come. 
CONCLUSION 
Lastly, I know it has been difficult to watch our stock price languish at such
low levels. As one of the largest shareholders of the company, it is frustrating
to witness the lack of interest in Lithium Corporation and mining stocks in
general. Almost daily, we receive calls from investment relations (IR) firms who
prey on companies faced with a low stock price and disappointed shareholders.
Although it is tempting to hire an IR firm to create exposure to our stock, we
do not believe such action will create value in the long term due to the current
low interest in mining companies, particularly lithium and graphite exploration
companies.. 
I encourage shareholders to visit our website for updates on our progress. For
further information please contact Andy Dewey at Lithium Corporation at (775)
410-2206 or via email at info@lithiumcorporation.com.  We appreciate our
shareholder's trust and patience during these trying times. 
Thank You 
Tom Lewis
Chairman and CEO: Lithium Corporation 
About Lithium Corporation 
Lithium Corporation is an exploration company based in Nevada devoted to the
exploration for new lithium resources within the Great Basin.  The Company
explores and develops potentially economic lithium-enriched brine fields, with
an eye to becoming a long-term producer of this increasingly strategic and
economically important commodity.  In keeping with its focus on producing
materials for lithium ion battery manufacture, the Company now currently has two
active graphite prospects in BC - the Mount Heimdal prospect & the BC Sugar
property, and anticipates working on both this summer. 
Notice Regarding Forward-Looking Statements 
This current report contains "forward-looking statements," as that term is
defined in Section 27A of the United States Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Statements in this press release
which are not purely historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions regarding the
future, including but not limited to, any mineralization, exploration and
development of our mineral properties, specifically in regards to any future
drilling programs. 
Actual results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among others, the
inherent uncertainties associated with mineral exploration and difficulties
associated with obtaining financing on acceptable terms. We are not in control
of minerals prices and these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news release, and we
assume no obligation to update the forward-looking statements, or to update the
reasons why actual results could differ from those projected in the
forward-looking statements. Although we believe that the beliefs, plans,
expectations and intentions contained in this press release are reasonable,
there can be no assurance that such beliefs, plans, expectations or intentions
will prove to be accurate. Investors should consult all of the information set
forth herein and should also refer to the risk factors disclosure outlined in
our most recent annual report for our last fiscal year, our quarterly reports,
and other periodic reports filed from time-to-time with the Securities and
Exchange Commission. 
TO view this press release as a PDF, please click on the following link:
http://www.usetdas.com/pr/lithium07112013.pdf 
Source: Lithium Corp. (LTUM: OTCBB) www.lithiumcorporation.com
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