Lithic Increases Private Placement

Lithic Resources Ltd. 912-510 West Hastings Street Vancouver, B.C. Canada V6B 1L8

Telephone: 1-604-687-7211

News Release 2012-2 Listed on the TSX Venture Exchange: LTH July 23, 2012

LITHIC INCREASES PRIVATE PLACEMENT

Lithic Resources Ltd. (LTH-TSX Venture) (the “Company”) wishes to announce that it has agreed to increase the non-brokered private placement previously announced on July 19, 2012 to a maximum of 15 million shares at a price of 5 cents per share for gross proceeds of $750,000. There is no commission payable. Closing of the financing is expected to occur on or before July 27, 2012 and is subject to all regulatory approvals, including the approval of the TSX Venture Exchange. The securities issued in connection with the financing will bear a four-month restriction on resale from the completion date. Proceeds of the placement will be used for general corporate purposes.

LITHIC RESOURCES LTD.

“C.F. Staargaard”

_____________________________ C.F. Staargaard President and CEO Phone: (604) 687-7211 Email: [email protected] Web: www.lithicresources.com

“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 adequacy or accuracy of this release.”

THIS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES HEREIN