Western Lithium Announces C$8.0 Million Bought Deal - Seite 2

This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the Unites States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

About Western Lithium

Western Lithium is pursuing the opportunity to be a supplier of specialty drilling additive, HECTATONE™ and potentially other organoclays for the oil and gas industry, and in particular, to support the growth of high pressure high temperature, deep directional drilling applications. The Company is also developing its Kings Valley, Nevada lithium deposit into a strategic, scalable and reliable source of high quality lithium carbonate. The Company is positioning itself as a major U.S.-based supplier to support the rising global demand for lithium carbonate that is expected from the increased use of hybrid/plug-in and electric vehicles.

Forward-Looking Information

Statements in this release are forward-looking statements within the meaning of applicable Canadian and United States securities legislation. Forward-looking information includes information that relates to, among other things, our intention to complete the proposed Offering, and our expectations as to the use of proceeds from the Offering, and our objectives, strategies and intentions. Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by us at the date the forward-looking information is provided, are inherently subject to significant risks, uncertainties, contingencies and other factors that may cause actual results and events to be materially different from those expressed or implied by the forward-looking information.

The material factors or assumptions that we identified and which were applied by us in making forward-looking statements include, but are not limited to: the completion of the Offering in the manner described; the timing and completion of the organoclay manufacturing plant; the timing of an additional US$4 million funding from Orion; the execution of our business strategies; the availability of financing for our development projects and activities; the ability to complete project targets on time and on budget and other events that may affect our ability to develop our projects; and there being no significant and continuing adverse changes in general economic conditions or conditions in the financial markets. The factors and assumptions are subject to various risks and uncertainties disclosed here and elsewhere in the Company's periodic filings with Canadian securities regulators. Information provided in this document is necessarily summarized and may not contain all available material information.

Western Lithium USA Corporation
Investor Relations
604-221-7982
604-221-7996 (FAX)
[e-mail]
www.westernlithium.com