Last updated on April 20, 2014 at 5:20 EDT

Canada Lithium Resumes Commissioning of Quebec Lithium Plant

September 16, 2013


TORONTO, Sept. 16, 2013 /CNW Telbec/ – Canada Lithium Corp. (“Canada
Lithium” or the “Company”) (TSX: CLQ) (U.S. OTC: CLQMF) announced today
commissioning has resumed at its process plant near Val d’Or, Quebec,
following the previously-announced maintenance/upgrade program.
Reheating of the kiln commenced on Saturday and the crushing and
grinding sections start-up occurred yesterday.

Various upgrades to the hydrometallurgical plant, including installation
of acid-cleaning and bicarbonate recovery units and upgrades to pumping
capacity, were completed under the direction of the recently appointed
Quebec Lithium process management team, whose process expertise
encompasses a number of decades of hard-rock lithium operations.  The
hydrometallurgical circuits of the plant will be phased in sequentially
over the coming week as spodumene concentrate production commences.

In addition, the Company continues to be encouraged by the strength of
the supply/demand factors in the lithium carbonate market and
continuing signs that electric and hybrid vehicles are gaining
acceptance in global markets.  For example, over the past week there
have been a number of positive EV announcements in the automotive
industry. Volkswagen outlined plans to offer as many as 40 electric or
hybrid vehicles, with an initial 14 models with alternative drive
available by next year. The Company publicly vowed to make VW the top
automaker in electric mobility by 2018. Tesla revealed that its first
European supercharging stations are already operational and that a
pan-European network is set for completion by year-end 2014. Tesla
claims that by the end of next year, 100 percent of the population of
Germany, the Netherlands, Switzerland, Belgium, Austria, Denmark and
Luxembourg will live within 320 km of a Supercharger station (well
within the car’s driving range), enabling Tesla drivers to recharge for

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. For more information regarding the Company, please refer to
the Company’s public filings available at www.sedar.com and www.canadalithium.com including, in particular, the Company’s Management Discussion and
Analysis for the year ended December 31, 2012 and its Annual
Information Form for the year ended December 31, 2012 and the
Financials and MD&A for the three-month and six-month periods ended
June 30, 2013. 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

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,
investors and others 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. For
more information on the risks, uncertainties and assumptions that could
cause the Company’s actual results to differ from current expectations,
please refer to the Company’s public filings available at www.sedar.com and www.canadalithium.com including, in particular, the “Risks and Uncertainties” section of the
Company’s Management Discussion and Analysis and the “Risk Factors”
section of the Company’s Annual Information Form for the year ended
December 31, 2012.

SOURCE Canada Lithium Corp.

Source: PR Newswire