Lithium Corporation Receives Salt Wells Analytical Results

Lithium Corporation (OTCBB: LTUM) (the "Company", or "Lithco”) is pleased to announce that it has recently received results from its drilling program on the Salt Wells playa prospect in Churchill County, Nevada.

During the October program the Company probed 31 sites, a total of 3,437 feet, and obtained 46 samples from various discrete intervals. Brines were encountered in 23 of the 46 samples taken, with another 4 samples being classified as near-brines, and 3 samples can be characterized as brackish water. The remainder of the samples taken were fresh water. The deepest hole drilled during the program was 155 feet and sampling depths ranged from 32 to 125 feet subsurface during the program. The average sample depth was approximately 68 feet. Due to extremely wet ground conditions the Company elected to use a lightweight, tracked machine that in many locations was not capable of penetrating the hard compact sands encountered in most locales below approximately 90 feet in depth.

The shallow drilling at Salt Wells has confirmed an elongate Lithium/Boron/Potassium/Phosphorous anomaly on the property that is proximal to the basinal feature delineated by the recently completed gravity geophysical survey. This lithium-in-brine anomaly is greater than 3 miles in length, and is from three-quarters to one and one half miles wide. Lithium values range from 20 to 30 milligrams per liter within this anomaly, and it is apparent that lithium concentrations are increasing with depth. Temperature anomalies were noted during the course of the program, which may be indicative of proximity to faults carrying geothermal fluids, a component considered necessary for the formation of a Silver Peak type lithium-brine deposit.

Lithium Corporation’s president, Tom Lewis remarked, "I am pleased with the results to date at Salt Wells, and look forward to resuming work on this prospect as soon as possible in 2012.” The company is planning a deeper drilling program here in 2012.

The Company is also planning a shallow drilling program at its newly acquired San Emidio prospect, where surficial brines have returned results up to 66.4 milligrams per liter lithium.

Lithium Corporation is currently consulting with contractors as to how best approach the Fish Lake Valley Playa, where the Company has received its best results to date. The Company has not been able to drill this prospect the last two field seasons due to unusually wet conditions, and wants to explore all options to enable drilling in 2012.

For further information please contact Lithium Corporation at (888) 299-3989 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.

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