Lithium Corp Finish Drilling on Cortez Valley Property

Lithium Corporation to announce that it has recently concluded drilling on its Cortez/Grass Valley Lithium property.

During the course of the program the Company drilled 3,355 feet in 29 different holes. Due to the nature of direct push drilling, usually only a single sample can be taken from each boring so several borings may be made at a single site. The deepest hole drilled was 225 feet subsurface and sampling depths ranged from 50 to 195 feet subsurface during the program. The average sample depth was approximately 98 feet subsurface.

Drilling at Cortez outlined an elongate brine anomaly that measures 0.6875 miles wide by 1.5 miles long. Brines have now been recovered in this area from depths ranging from the immediate subsurface to 195 feet deep. All sampling was conducted by Ken Tullar PEng, or Kevin Finucane Registered Geologist, with samples having been submitted to Inspectorate Corporation?s lab in Reno Nevada.

Lithium Corporation President Tom Lewis said, ?We are very encouraged with the preliminary results of the Cortez drilling program, the overall size of the anomaly, and the vertical continuity of the brines. This discovery indicates that we are on the right track with our methodology and philosophy, and we eagerly await results from the lab.?

The Company is currently conducting Gravity geophysical surveys on all its prospects and anticipates startup for drilling the Salt Wells property the second week of August. Drilling at Fish Lake Valley is still slated for sometime during September. The Company is currently exploring or evaluating various other prospects.

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.