Work Continues at Lithium Corporation’s BC Graphite Property

  Work Continues at Lithium Corporation’s BC Graphite Property

Business Wire

LAS VEGAS -- August 27, 2013

Lithium Corporation (OTCQB:LTUM) (the "Company", or “Lithco”) is pleased to
announce that it has increased the size of its BC Sugar flake graphite
property to a little over 18,800 acres (7,608.375 hectares). Prospecting and
geological work has been ongoing at the property over the summer, and several
graphite prospects have been discovered with the best prospect to date grading
over 5% flake graphite. A number of mineralized boulders have also been
encountered at various locations on the property, which appear to indicate
that the mineralized horizon or horizons may be found at other locales within
the claim block.

Prospecting work was performed on the Mt Heimdal property in June/July and
several mineralized zones were noted here, the best of which graded 3.72%
flake graphite. Although the work was encouraging it was decided that the
company would be best served by focusing on the BC Sugar property. Lithium
Corp has negotiated an agreement with the vendor of Mt Heimdal whereby the
vendor will assign its 100% interest in the property for a 2% “Net Smelter
Royalty” on any proceeds from future production from the property.

The BC Sugar property is well placed in the Shushwap Metamorphic Complex, in a
geological environment favorable for the formation of flake graphite deposits,
and is in an area of excellent logistics, with a considerable network of
logging roads within the project area. Additionally the town of Lumby is
approximately 19 miles (30 kms) to the south of the property, while the City
of Vernon is only 30 miles (50 kms) to the southwest of the western portions
of the claim block.

Elsewhere, the Company anticipates the commencement of drilling at its Fish
Lake Valley lithium brine property the beginning of September, after a strong
rainstorm in late July necessitated postponing this work.

For further information please contact Andy Dewey at Lithium Corporation at
(775) 410-2206 or via email at info@lithiumcorporation.com

About Lithium Corporation

Lithium Corporation is an exploration company based in Nevada devoted to the
exploration for new lithium resources within the state of Nevada. 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.

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.

Contact:

Lithium Corporation
Andy Dewey,(775) 410-2206
info@lithiumcorporation.com
 
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