To: Canada Lithium Corp. Shareholders

NOTICE OF LEAVE TO PROCEED WITH STATUTORY MISREPRESENTATION CLAIM NOTICE OF 
CLASS CERTIFICATION 
Read this notice carefully as it may affect your legal rights 
TORONTO, Aug. 27, 2013 /CNW/ - 
WHO THIS NOTICE IS FOR 
This notice is directed to everyone who acquired securities (common shares and 
exchange traded warrants) of Canada Lithium Corp., ("CLQ") from the opening of 
trading on the Toronto Stock Exchange ("TSX") on October 28, 2010 to the close 
of trading on the TSX on February 28, 2011 ("Class Period") and continued to 
hold some or all of those securities as of the close of trading on February 
28, 2011. 
WHAT THE ACTION IS ABOUT 
The Plaintiffs, John Keyton and Hugh Latimer, have commenced an action in the 
Ontario Superior Court of Justice ("Court") against CLQ and Peter Secker, 
Charles Taschereau, Mitchell Lavery and Michelle Stone (the "Defendants"). 
The title of the action is Keyton and Latimer v Canada Lithium Corp., et al., 
Court File No. CV-12-46293-00CP (Toronto Registry). 
The Plaintiffs allege that CLQ's January 24, 2011 prospectus and certain of 
its other public disclosures were materially misleading as to the volume of 
mineralized ore and the grade of lithium at CLQ's Quebec Lithium Project in 
Val D'or, Quebec. 
The action was also commenced against Kerry J. Knoll, James Fairbairn, Sheila 
Pickens, Patrick Mohan, Robert Cudney, Ian MacDonald and Germaine Coombs (the 
"Standstill Defendants"). By agreement, the claims against the Standstill 
Defendants were discontinued in 2012. 
THE LEAVE TO PROCEED ORDER 
On August 6, 2013, the Court granted permission (known as "leave to proceed") 
to the Plaintiffs to assert, as against the Defendants, the statutory cause of 
action for secondary market misrepresentations in CLQ's disclosure documents 
("Leave Order"). Obtaining leave is a requirement under the Ontario 
Securities Act and is a preliminary procedural matter. 
The Defendants deny that these allegations will be proven at trial. 
THE CLASS CERTIFICATION ORDER 
On August 6, 2013, the Court also certified the action as a class proceeding 
(the "Class Action"). Certification is also a procedural matter. 
In granting certification, Siskinds LLP was appointed Class Counsel and 
Messrs. Keyton and Latimer were appointed as the Representative Plaintiffs of 
the following members of the class: 
All persons and entities who acquired securities of CLQ from the opening of 
trading on the TSX on October 28, 2010 to the close of trading on the TSX on 
February 28, 2011 and who continued to hold any of those securities as of the 
close of trading on February 28, 2011. ("Class" or "Class Members") 
The Class excludes the Defendants and the Standstill Defendants, their past 
and present subsidiaries, affiliates, officers, directors, senior employees, 
legal representatives, heirs, predecessors, successors, assigns and any member 
of the families of the individual Defendants, and the underwriters of CLQ's 
January 24, 2011 prospectus. 
WHAT DO THE TWO ORDERS MEAN? 
The two Orders mean that the Court has permitted the action to proceed to 
trial as a class proceeding, with the Plaintiffs pursuing statutory claims 
under the Ontario Securities Act on behalf of the Class. 
The Plaintiffs seek damages for losses alleged to have occurred when CLQ 
announced that it was obtaining an independent review of its October 28, 2010 
mineral resource estimate for the Quebec Lithium Project in Val D'or, Quebec, 
which identified geological modeling errors and led to a material reduction in 
CLQ's mineral resource estimate. 
For Class Members who acquired their common shares of CLQ under the January 
24, 2011 prospectus, an alternative remedy of rescission (cancellation and 
refund) of their purchases is sought. 
For Class Members who acquired their CLQ securities on the secondary market 
(e.g. TSX, OTCQX, Omega, etc.) ("Secondary Market Purchasers"), their claims 
are subject to statutory provisions which limit the amount of compensation 
that can be recovered from Defendants in all actions asserting similar 
claims. Although the total amount of damages suffered by Class Members who 
are Secondary Market Purchasers has not been determined at this stage, it is 
possible that their total potential damages in this Class Action may exceed 
the statutory limits. 
None of the allegations in the Class Action have been assessed or determined 
by the Court. The Defendants deny that the allegations will be proven at 
trial. 
The Plaintiffs are only pursuing the statutory claims described above against 
the Defendants. They will not be pursuing any other statutory or common law 
claims, including the claims in negligence and negligent misrepresentation 
originally asserted in the Action. The discontinuance of those claims, which 
has been approved by the Court, will be effective on the Opt-Out Deadline, 
defined below. 
If you wish to pursue any claims under the Ontario Securities Act or other 
claims independently against the Defendants and/or the Standstill Defendants, 
you should immediately seek independent legal advice. To bring your own claims 
you must exclude yourself (a process known as "opting-out") from the Class 
Action. Please see further details below. 
TO REMAIN IN THE CLASS - DO NOTHING 
All Class Members who wish to participate in the Class Action and have all of 
their claims relating to its subject matter be determined by its result are 
automatically included in the Class. You do not need to take further action at 
this time. 
As a Class Member, you will be bound by the terms of any judgment or 
settlement, whether favourable or not, in the Class Action. You may be 
entitled to share in the amount of any award or settlement recovered. In order 
to determine if you are entitled to share in the award or settlement, and the 
amount, if any, of your share, it may be necessary to conduct an individual 
determination. You will be informed of the implications of, and will have 
the opportunity to decide if you wish to proceed with, your individual 
determination in advance. 
A Class Member other than the Representative Plaintiffs or an intervener 
cannot be ordered to pay the Defendants' costs of the Class Action. 
IF YOU DO NOT WANT TO BE BOUND BY THE OUTCOME OF THE CLASS ACTION - YOU MUST 
OPT-OUT 
Class Members who wish to pursue an independent action against any of the 
Defendants regarding any of the factual matters raised in the Class Action, or 
for other reasons do not wish to be bound by the outcome of the Class Action, 
must act now by opting out of the Class. Persons who opt out will not be bound 
by the result of the Class Action and will not be entitled to participate in 
the distribution of any settlement or judgment that may be obtained in the 
Class Action. 
If you wish to opt out, you must complete a signed letter stating that you 
elect to opt out of the Class in the Canada Lithium Class Action. You are also 
required to provide all of the following information: 
(i)   the number of CLQ securities you held as of October 27, 2010; 
(ii)  the number of CLQ securities that you purchased and sold during 
  the Class Period (October 28, 2010 to and including February 28, 


      2011);

(iii) the date(s) on which you purchased and sold these securities;

(iv)  the price at which you purchased and sold these securities; AND

(v)   your name, address, telephone number and signature. If you are
      submitting an opt-out request on behalf of a corporation or other
      entity, you must state your position and authority to bind the
      corporation or entity.

Your opt-out request must be sent by fax or mail to:

NPT RicePoint Class Action Services Inc.
Re: Canada Lithium Corp. Securities Litigation
P.O. Box 3355 London, ON N6A 4K3 Canada
Fax: (519) 432-6544

In order for your opt out request to be valid, it must be postmarked OR 
received no later than the Opt-Out Deadline (November 25, 2013) and it must 
contain ALL the requested information.

A minor or a mentally incapable Class Member cannot be opted out of the Class 
without permission of the Court. The Children's Lawyer and/or the Public 
Guardian and Trustee, as applicable, must receive notice of such an opt-out 
request.

A Class Member who wishes to both opt out and pursue an individual action 
should also commence their action prior to the Opt-Out Deadline to avoid the 
possible expiry of limitation periods applicable to claims against the 
Defendants and the Standstill Defendants which may occur on or after that 
date. Such persons will have to retain their own lawyer or represent 
themselves to prove their claims in any such action.

CLASS COUNSEL AND LEGAL FEES

The Class is represented by Siskinds LLP. Class Counsel is acting on a 
contingency basis, meaning that they are not being paid fees or disbursements 
as the Class Action proceeds. In the event that a recovery is obtained in 
the Class Action, Class Counsel's fees and expenses will be paid out of any 
settlement or judgment obtained, after a motion to the Court for approval of 
such fees and expenses.

Class Members will not otherwise be asked to pay Class Counsel's fees, 
disbursements or related taxes.

ADDITIONAL INFORMATION

This notice was approved by the Ontario Superior Court of Justice. The court 
offices cannot answer any questions about the matters in this notice. The 
Statement of Claim, Orders of the courts and other information are available 
on Class Counsel's website: www.classaction.ca.
    NOTICE TO BROKERAGE FIRMS

Please deliver this notice, no later than November 25, 2013 by email to your 
clients who purchased CLQ securities during the Class Period and for whom you 
have valid email addresses.

If you have clients who purchased CLQ securities during the Class Period for 
whom you do not have valid email addresses, please:
    --  contact NPT RicePoint Class Action Services Inc. to obtain hard
        copies of this notice for the purpose of mailing the notice to
        those clients; OR
    --  provide NPT RicePoint Class Action Services Inc. with the
        mailing addresses of those clients and NPT RicePoint will mail
        the notices directly to those clients.

All brokerage firms together may cumulatively request up to $15,000 
reimbursement for expenses incurred relating to the distribution of this 
notice to client Class Members. If the cumulative amount requested exceeds 
$15,000, each individual brokerage firm's request shall be reduced on a pro 
rata basis.

Publication of this notice was authorized by the Ontario Superior Court of 
Justice

 Questions relating to the Action should be directed by email or  telephone to 
Siskinds LLP:

Nicole Young Siskinds LLP 680 Waterloo Street London, ON N6A 3V8 
Tel:1.800.461.6166 ext. 2380 (toll free) Email:nicole.young@siskinds.com  

SOURCE: Siskinds LLP

To view this news release in HTML formatting, please use the following URL: 
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CO: Siskinds LLP
ST: Ontario

-0- Aug/27/2013 11:00 GMT


 
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