Shares CUSIP: #459820 10 6 International Lithium Corp. Announces Strategic Changes
Stock Symbol: ILC: TSXV
Shares CUSIP: #459820 10 6
International Lithium Corp. Announces Strategic Changes
Vancouver, B.C. January 25, 2017: International Lit hium Corp. (the "Company" or “ILC”) (TSX VENTURE:
ILC.V) announces that Kirill Klip, the President of ILC, h as been appointed as the Chief Executive Officer of
the Company, such that he will act as the CEO, Pres ident and Chairman of the Company. Gary Schellenber g
has resigned as CEO and a director of the Company. Mike Sieb has also resigned as a director of the
Company and Jerry Bella has resigned as Chief Finan cial Officer and Corporate Secretary. To fill the
vacancies of the departing directors and officers, and to add an additional director, as permitted by ILC’s
Articles, David Shen, John Wisbey and Ross Thompson have been appointed (subject to TSXV approval) as
directors of the Company. Maurice Brooks has been appointed (subject to TSXV approval) as interim CFO .
John Wisbey will fill the role of Corporate Secretary.
Mr. Shen has a Masters of Science Degree in Marketing from Leeds Metropolitan University and Bachelor of
Arts Degree in Honours Business Administration from the University of Huddersfield in the UK. Prior t o
joining the Lithium industry, he worked as a custom er manager of Corporate banking in a Hong Kong bank
for almost 5 years. He currently works directly with the President of Ganfeng Lithium.
Mr. Wisbey started his career as a banker at Kleinw ort Benson after graduating from Cambridge Universi ty.
He had various roles there including corporate lending and was later a director in the derivatives gro up and
head of options. Mr. Wisbey is also a technology en trepreneur founding two companies that have gone
public on the London AIM market, namely IDOX plc (s oftware for Local Authority Planning Applications) and
Lombard Risk Management plc (software for risk mana gement and regulation) and more recently an early
stage private company Convendia Ltd. He has acted a s a public company chairman, CEO or director for 16
years.
Mr. Thompson is a speaker and expert in marketing b ehavioural science. In 1995, he started a company
Giftpoint Ltd. which is now one of the largest spec ialist promotional merchandise businesses in the UK with
offices in London and Shanghai, whose clients inclu de L’Oreal, Oracle, Ocado, and Pernod Ricard among
others. Mr. Thompson was President of IGC Global P romotions for seven years, one of the world’s oldes t
and largest global network of premium resellers. H e is an active investor having a special interest a nd
understanding of natural resources businesses.
Mr. Brooks is a licensed senior statutory auditor i n the UK. Since 2000, he has been a senior partner in
Johnson, Smith & Co., Chartered Accountants and Sta tutory Auditors. Previously, he had been Finance a nd
Deputy Managing Director of a vehicle producer, Inv estment 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 Lith ium stated: "I would like to thank management and
directors of International Lithium for the developm ent of our Company and its portfolio of projects to this
stage. Now it is time to bring our Company to the n ext level based on a strategic partnership with a
worldwide leader in our industry Ganfeng Lithium. M y strategy will be defined by maximising shareholde rs'
value in our Company. My priorities will be to buil d 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 te chnology
488-625 Howe St.
Vancouver, BC V6C 2T6 Canada
Voice: (604) 687-7551
Fax: (604) 687-4670
1-800-667-4470
www.internationallithium.com
and access to the capital. My focus will be to mini mise dilution while optimising capital management a t ILC
in order to advance our Joint Venture operations an d build a strong portfolio of new projects for furt her
development."
"Ganfeng has a strong commitment to supply Lithium p roducts to various industries worldwide,” stated
Ganfeng’s Director, Wang Xiaoshen, “so we clearly h ave a vested interest in these projects and have be en
very hands-on in the evaluation of ILC’s properties . I feel confident that these projects fit our reso urce
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 h ydroxide, lithium carbonate , lithium fluoride, lit hium
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 Reso urces Ltd. (43.1%) and Neometals Ltd. (13.8%).
Ganfeng was founded in 2000 and trades on the Shen zhen Stock Exchange with a market capitalization of
around US$ 3 billion.
Ganfeng Lithium Strategic Partner
In joint venture partnership with Ganfeng Lithium, the Company is advancing two projects, the Mariana
lithium-potassium brine project in Argentina (Ganfe ng owns 80%) and the Avalonia hard rock lithium rar e
metals pegmatite project in Ireland (Ganfeng owns 55%).
Last year (Company news release dated July 18, 2016 ) Ganfeng Lithium and ILC approved an aggressive
US$12 million budget over an 18 month period at Mar iana to advance the project through an anticipated
maiden resource estimate, short and long term pump tests and complete all pertinent definitive technic al
studies to satisfy the requirements for the filing of environmental permit applications in order to in itiate
pilot scale operations.
“Definition drilling for the initial resource is co mpleted and we have started drilling in preparation for the
commencement of pump tests anticipated near the end of the month. Pump tests are a crucial step in
advancing the Project by characterizing potential f low rates in the basin’s aquifers”, states Internat ional
Lithium Vice President of Exploration, John Harrop.
This past year, US$800,000 was allocated to explora tion by Ganfeng Lithium at the Avalonia lithium
pegmatite project in Ireland. To date, the strateg ic partnership has expended US$2.1 million in explo ration
that has significantly added to the understanding and has wholly reinforced the exploration potential of the
42 km long Avalonia lithium pegmatite belt. The Co mpany’s objective is to continue to develop the bet ter
known occurrences while systematically testing the multitude of targets previously identified, but yet to
have a concerted exploration effort applied to them. As such, the Company is working with Ganfeng Lithium
to secure an effective long-term exploration and development plan for Avalonia.
Currently the Company is awaiting permits to conduc t a geophysical survey at the Moylisha target area at
Avalonia. The Moylisha target area contains extens ive pegmatite boulder trains with visually identifi able
spodumene. In 2012, five grab samples of spodumene bearing pegmatite at Moylisha returned values from
1.31 to 4.59% Li2O*, the highest grade representing a spodumene content of greater than 50%. These hi gh
grade lithium boulders have yet to be traced back t o source. Using the results of the geophysics prog ram,
the Company intends to apply for focussed drilling and/or trenching permits to test this high priority area.
* Previously reported grab sample in Company news r elease dated January 31, 2012. Grab samples are by
definition selective and are collected to determine the presence or absence of mineralization. As suc h they
are unlikely to represent average grades on the property.
International Lithium Joint Venture Operations with Pioneer Resources Ltd. (ASX:PIO): Mavis and Ralei gh
Exploration Programs.
A $1 million (CAD) budget has been allocated across the Mavis and Raleigh lithium pegmatite projects
(“Projects”). The exploration programs commenced i n the Summer of 2016 and have already included
lithogeochemical sampling, ground and airborne geop hysics. In addition, 3,000m of diamond drilling wit h
1,500m allocated to each of the Projects will comme nce in the near future. The budgeted exploration
expenditures will be wholly funded by Pioneer as pa rt of their earn-in on the Projects (See details re garding
the terms of the Mavis and Raleigh option agreements in Company news releases dated June 22 and July 26,
2016).
A ground magnetic survey has been completed over planned areas of the Mavis Lithium Project producing a
high resolution image revealing the preferential li thological contacts and structures potentially host ing
lithium spodumene pegmatites. An airborne magnetic survey was completed at Raleigh using drone
technology. In addition, lithogeochemical sampling programs have been completed at Mavis and Raleigh.
The current field program will drill test both new targets identified during the 2016 season in additi on to
those defined by previous work.
Along strike and to the west of the spodumene pegma tites near the western edge of the Mavis project
boundary, 3 claims totalling 640 hectares have been contiguously staked. The new project area, referred to
as Mavis West, is known from historical work to host pegmatites that are situated on trend of the Fairservice
Group of high-grade spodumene pegmatites near the w estern boundary of the Company’s Mavis Project.
The Mavis West claims will form part of the existin g Mavis Project and be incorporated into the associ ated
option agreement with Pioneer.
Following completion of the exploration program at Mavis the field crew will move to the Raleigh proje ct.
The exploration program at Raleigh will be the firs t drill program by the Company at Raleigh. The dril ling is
designed to confirm and extend spodumene pegmatites using the recently completed airborne magnetics
and lithogeochemical surveys.
About the Mavis and Raleigh Lithium Pegmatite Projects
The Mavis and Raleigh Lithium Projects are situated 19 and 80 kilometres east respectively from the town of
Dryden, Ontario. Both Projects are in close vicini ty to the Trans-Canada highway and railway - major
transportation arteries linking larger cities such as Thunder Bay, Ontario, to the southeast and Winni peg,
Manitoba, to the west.
When rare-metal pegmatites are emplaced, the host r ocks adjacent to the pegmatite may be enriched by
the associated fluids forming a rare-metals’ dispersion halo around the pegmatite body. Normally the extent
of the rare-metal alteration halo is within a few m eters of the pegmatite. Whereas, the pegmatite bel ts at
Mavis and Raleigh exhibit alteration halos on the o rder of tens of metres wide, representing some of t he
broadest and strongest host-rock lithium anomalies observed around the world and suggesting an intense
mineralizing system.
Previous exploration programs at the Projects disco vered spodumene bearing high-grade Lithium-Caesium-
Tantalum (“LCT”) pegmatites within these anomalous bands (see Company news releases March 14, March
23, July 13 and July 26, 2016 for further details).
The close proximity of the Projects presents clear strategic and operational advantages. ILC is pursu ing
lithium prospects with reported high grades in this region and seeking to consolidate them with the ai m to
identify sufficient resources in multiple prospects to potentially feed a common processing facility. The
Upper Canada Lithium Pool is the anticipated geogra phical consolidation of projects and partnered
companies hosting amenable grade, volume, access an d infrastructure in order to mitigate the financial
burden on any one company when advancing specific projects to reach this goal.
John Harrop, P.Geo, FGS, is a Qualified Person as defined under NI 43-101 and has supervised preparation of
the technical information contained in this news release.
About International Lithium Corp.
International Lithium Corp. is an exploration compa ny with an outstanding portfolio of projects, stron g
management ownership, robust financial support and a strategic partner and keystone investor Ganfeng
Lithium Co. Ltd., a leading China based lithium product manufacturer.
The Company’s primary focus is the Mariana lithium- potash brine project, a joint venture with Ganfeng
Lithium Co. Ltd. within the renowned South American “Lithium Belt” that is the host to the vast majori ty of
global lithium resources, reserves and production. The Mariana project strategically encompasses an en tire
mineral rich evaporate basin, totalling 160 square kilometres, that ranks as one of the more prospecti ve
salars or ‘salt lakes’ in the region.
Complementing the Company’s lithium brine project a re three rare metals pegmatite properties in Canada
known as the Mavis, Raleigh, and Forgan projects; a nd one project in Ireland (Avalonia project) that
encompasses an extensive 50km long pegmatite belt. The Avalonia project is under option to strategic
partner Ganfeng Lithium and the Mavis and Raleigh p rojects with strategic partner Pioneer Resources
Limited (ASX:PIO). The Mavis, Raleigh and Forgan p rojects together form the basis of the Company’s ne wly
created Upper Canada Lithium Pool designated to foc us on acquiring numerous prospects with previously
reported high concentrations of lithium in close proximity to existing infrastructure.
With the increasing demand for high tech rechargeable batteries used in vehicle propulsion technologies and
portable electronics, lithium is paramount to tomorrow’s “green-tech”, sustainable economy. By positioning
itself with solid development partners and acquirin g high quality grass roots projects at an early sta ge of
exploration, ILC aims to be the resource explorer of choice for investors in green tech and build valu e for its
shareholders.
On behalf of the Board of Directors,
Kirill Klip
Chairman, President and CEO, International Lithium Corp.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the ad equacy or accuracy of this release. Statements in t his press release
other than purely historical information, historica l estimates should not be relied upon, including st atements relating to
the Company’s future plans and objectives or expect ed results, are forward-looking statements. News re lease contains
certain "Forward-Looking Statements" within the mea ning of Section 21E of the United States Securities Exchange Act of
1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and
uncertainties inherent in the Company’s business, i ncluding risks inherent in resource exploration and development. As a
result, actual results may vary materially from those described in the forward-looking statements.