International Lithium and Ganfeng Lithium Move Mariana Lithium Brine Project Forward in Argentina

About this update from Ilc Critical Minerals Limited

International Lithium and Ganfeng Lithium Move Mariana Lithium Brine Project Forward in ArgentinaVANCOUVER, BC / ACCESSWIRE / December 10, 2015 / International Lithium Corp. (TSXV: ILC.V) (the "Company" or "ILC") is pleased to announce that together with strategic partner Ganfeng Lithium Co. Ltd., ("GFL") a preliminary budget of US $4,000,000 is approved for exploration and development work during 2016 on the Mariana and Avalonia joint venture projects.As previously announced on December 8, 2015 the companies have allocated a budget of approximately 750,000 Euros (approximately US $810,000) to the 2016 Avalonia exploration season with the remainder, US $3,190,000 dedicated to the Mariana Lithium project in Argentina. The Company is making preparations to begin fieldwork on both projects in January 2016.In Argentina, the funds will be used to begin investigation of the natural evaporation concentration process of the brine. This will begin with laboratory bench testing of the brine followed up by on-site field-testing. In addition baseline climate studies will continue and aquifer and basin hydrology characterization will be conducted in preparation for environmental assessments required prior to commencing larger scale testing.Mr. Kirill Klip, President, International Lithium Corp. comments, "We have always viewed Argentina as a favorable location for mineral exploration and development and have been able to operate in a mutually beneficial manner with the local people and governments. The results of the recent elections have managed to give foreign corporations greater confidence in the future of business and mineral resource development in Argentina. We welcome the change and look forward to working with the newly elected officials and advancing our Mariana lithium brine project in cooperation with our strategic partner, Ganfeng Lithium. Security of lithium supply is becoming more important as witnessed by recent price increases in China, all in advance of the completion of new battery production facilities announced by Tesla and other manufacturers. We continue to build a vertically integrated lithium business with Ganfeng Lithium to meet the future demand of lithium products that will address the increasing demands for lithium raw materials and chemical products."John Harrop, P.Geo, FGS, is the Company's Qualified Person on the project as defined unde...

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