CLM Announces Management and Board Changes - Seite 2

Richard Quesnel Biography

Mr. Quesnel served 5+ years as President and Chief Executive Officer of Consolidated Thompson Iron Mines of Montreal. He has 40+ years of senior mine management and senior engineering experience at large gold, copper, nickel and iron ore mining operations in Canada and Western USA. He has successfully developed, commissioned, operated and expanded mining operations, both open pit, and underground. Throughout his career, Richard Quesnel has worked as a mine manager and as mining engineer for several mining companies including Barrick Goldstrike, Quebec Cartier Mining, Placer Dome, JS Redpath Limited, and Ledcor CMI Limited. Mr. Quesnel is also a director of Sama Resources Inc. He is a Professional Mining Engineer in Quebec and holds a Bachelor of Science degree in Mining Engineering from McGill University.

The appointment of Mr. Lynch as Executive Chairman follows the resignation of Mr. Quesnel from the position, who has been appointed as President and Chief Executive Officer. Mr. Quesnel’s appointment follows the resignation of Mr. Rene Bharti, who has been appointed as Vice President of Corporate Development. Management and the board of directors of the Company express their gratitude to Mr. Bharti for his efforts and contributions.

In addition, the Company announces that it has granted 6,000,000 stock options to Brett Lynch pursuant to the Company’s stock option plan. The stock options vest in equal quarterly installments over two years and may be exercised at a price of $0.015 per option for a period of five years from the date of grant. This grant of options is subject to the approval of the TSX Venture Exchange.

About Consolidated Lithium Metals Inc.
Consolidated Lithium Metals Inc. is a Canadian junior mining exploration company trading under the symbol “CLM” on the TSX Venture Exchange and “Z36” on the Frankfurt Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company’s properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s Quebec lithium mine.

For more information:
Rene Bharti, VP Corporate Development
Email | [e-mail]
Phone | [phone]
Website |www.consolidatedlithium.com

Cautionary Statements

The content and grades of any mineral deposits at the Company’s properties are conceptual in nature. There has been insufficient exploration to define a mineral resource on its properties and it is uncertain if further exploration will result in any target being delineated as a mineral resource. CLM is not basing any production or mining decisions on a technical report or a feasibility study of mineral reserves demonstrating economic and technical viability at any of its properties, and as a result there is increased uncertainty and there are multiple technical and economic risks of failure which are associated with any such production decision. These risks, among others, include areas that are analysed in more detail in a feasibility study, such as applying economic analysis to resources and reserves and a number of specialized studies in areas such as mining and recovery methods, market analysis, and environmental and community impacts.