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International Lithium Discovers Deeper Aquifer at the Mariana Lithium Brine Project in Argentina, a Joint Venture with Ganfeng Lithium

DGAP-News: International Lithium Corp. / Key word(s): Miscellaneous
International Lithium Discovers Deeper Aquifer at the Mariana Lithium Brine
Project in Argentina, a Joint Venture with Ganfeng Lithium

16.06.2016 / 09:30
The issuer is solely responsible for the content of this announcement.

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Vancouver, British Columbia--(Newsfile Corp. - June 16, 2016) -
International Lithium Corp. (TSXV: ILC) (the 'Company' or 'ILC') is pleased
to announce that together with strategic partner Ganfeng Lithium Co. Ltd.,
('GFL'):

- Recent drilling has discovered a potentially important, third aquifer
deeper in the salar at the Mariana Lithium Brine project in Salta,
Argentina.
- Initial bench scale evaporation tests are completed pending final
report.

Delineation Drilling

The current drill program, announced on May 11, 2016, is delineating the
two previously identified shallow lithium brine aquifers (Company news
releases June 1 and August 11, 2015) at the Mariana project (Salar de
Llullaillaco) located near the Chilean border in Salta, Argentina. Recently
acquired transient electromagnetic (TEM) geophysical data suggested that
the two aquifers appear to be connected (news release dated May 11, 2016).
This is now supported by drilling and follow-up down-hole geophysical
surveys.

The TEM survey also suggested that there is a third aquifer, represented by
a highly conductive zone at greater depths (news release May 11, 2016),
below the maximum depth of any previous drilling on the salar. The three
drill holes completed to date during this campaign (MA16-11, 12 and 13)
have penetrated this zone at depths greater than 170 metres. The maximum
drilling depth is now 202 metres below surface. The new, lower aquifer
begins at a depth of approximately 162 metres, extends to the ends of the
holes at 200 metres and remains open at depth.

The three drill holes reported here form a triangle centred in what
gravimetric and seismic geophysical surveys have indicated is the deepest
part of the basin. MA16-12 is located in the north-central portion of the
salar with MA16-11 approximately 2000 metres to the northwest and MA16-13
2000 metres to northeast.

Sampling is being conducted by several methods including packer tests,
drive point tests and bailers dependant on the nature of the stratigraphic
formations. Brine samples have been submitted to Alex Stewart and results
are pending.

The drilling programme is ongoing.