N@N

Canada Lithium Corp. project update; drilling intersects 66.3 metres grading 1.29% Li2O

^{Published on 2010-07-05 14:45:21 - Market Wire}
 

 ------------------------------------------------------------------------- Hole ID From (m) To (m) Intersection* (m) Li2O (%) ------------------------------------------------------------------------- QL-S10-034 18.25 31.65 13.40 1.61 ------------------------------------------------------------------------- QL-S10-009 143.70 210.00 66.30 1.29 ------------------------------------------------------------------------- QL-S10-013 146.94 181.27 34.33 1.30 ------------------------------------------------------------------------- QL-S10-014 77.46 94.80 17.34 1.88 ------------------------------------------------------------------------- QL-S10-014 132.35 159.00 26.65 1.56 ------------------------------------------------------------------------- (*down hole depths not corrected to true width; holes drilled at approximately 45 degrees to vertical) 

 *The mineral resource estimates in this press release were prepared in accordance with the CIM "Definition Standards on Mineral Resources and Mineral Reserves" adopted by the CIM Council on December 11, 2005, and the CIM "Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines," adopted by CIM Council on November 23, 2003, in compliance with NI 43-101 guidelines, using the polygonal method.