DGAP-News

International Lithium Corp. Announces Strategic Changes - Seite 2

Mr. Thompson is a speaker and expert in marketing behavioural science. In 1995, he started a company Giftpoint Ltd. which is now one of the largest specialist promotional merchandise businesses in the UK with offices in London and Shanghai, whose clients include L'Oreal, Oracle, Ocado, and Pernod Ricard among others. Mr. Thompson was President of IGC Global Promotions for seven years, one of the world's oldest and largest global network of premium resellers. He is an active investor having a special interest and understanding of natural resources businesses.

Mr. Brooks is a licensed senior statutory auditor in the UK. Since 2000, he has been a senior partner in Johnson, Smith & Co., Chartered Accountants and Statutory Auditors. Previously, he had been Finance and Deputy Managing Director of a vehicle producer, Investment Accountant to the Western Australian Government, and before that he had been employed in the audit department of Price Waterhouse Coopers-U.K.

Kirill Klip, Chairman and CEO of International Lithium stated: "I would like to thank management and directors of International Lithium for the development of our Company and its portfolio of projects to this stage. Now it is time to bring our Company to the next level based on a strategic partnership with a worldwide leader in our industry Ganfeng Lithium. My strategy will be defined by maximising shareholders' value in our Company. My priorities will be to build the ILC Team and advance our projects in order to facilitate potential production to their particular needs as a lithium end-user utilising Ganfeng's technology and access to the capital. My focus will be to minimise dilution while optimising capital management at ILC in order to advance our Joint Venture operations and build a strong portfolio of new projects for further development."

"Ganfeng has a strong commitment to supply Lithium products to various industries worldwide," stated Ganfeng's Director, Wang Xiaoshen, "so we clearly have a vested interest in these projects and have been very hands-on in the evaluation of ILC's properties. I feel confident that these projects fit our resource strategy."

Ganfeng is the largest integrated lithium producer in China, with a total capacity of around 30,000 tpa LCE. Ganfeng's products include lithium metal, lithium hydroxide, lithium carbonate , lithium fluoride, lithium chloride, and other chemical products of lithium. In Australia, Ganfeng Lithium owns a 43.1% interest in the Mt. Marion lithium spodumene mine with Mineral Resources Ltd. (43.1%) and Neometals Ltd. (13.8%). Ganfeng was founded in 2000 and trades on the Shenzhen Stock Exchange with a market capitalization of around US$ 3 billion.