Oct. 8, 2009 (TheNewswire.ca) --
Lithium One Inc (the "Company")(TSX-V: LI), is pleased to report the appointment of Iain Scarr as Vice President - Development. Mr. Scarr brings extensive experience in industrial minerals exploration and development garnered from a thirty year career with Rio Tinto and its subsidiaries. Until February 2009, Mr. Scarr was Rio Tinto Exploration's Commercial Director for Industrial Minerals Exploration. In that position he played key leadership roles in marketing, commercial, and strategic assessments of worldwide industrial minerals projects, including Rio Tinto's much-publicized Jadar Lithium Project in Serbia. Previously, as Vice President of Exploration for Rio Tinto America Industrial Minerals Inc (OTCBB:IDSM) , Mr. Scarr led diverse exploration teams across the Americas, Australia, and Africa. During his tenure at Rio Tinto Minerals and forerunner subsidiary US Borax, he is credited with leading several industrial mineral discoveries and acquisitions. He has also worked extensively in Argentina, including at Rio Tinto's Tincalayu Borates Mine at Salar del Hombre Muerto, just northwest of the Company's Sal de Vida Project.
Mr. Scarr will assume immediate oversight of the exploration and development programs at both the Sal de Vida and James Bay lithium projects. The Company is advancing both projects towards a resource stage.
Lithium One President and CEO, Patrick Highsmith, welcomes Iain, "It is a genuine pleasure to watch Iain work - he is a true results-oriented team-builder. The opportunity to join forces with a leader like Iain Scarr does not come along often. He possesses the rigor and strength in execution that development stage companies like Lithium One (OOTC:LITHF) (TSXV:LI) truly value. Not only does he understand the geology of lithium resources, but he has a nearly unique insight into the commercial aspects of the business after his career with Rio Tinto."
About Lithium One:
Lithium One Inc is a well-financed explorer and developer of mineral properties with a specific focus on lithium. The Company now has two major lithium projects: the Sal de Vida lithium brine project in Argentina and the James Bay bulk tonnage spodumene project in Quebec. Lithium One believes that lithium demand will grow as its value and efficacy in "green energy" applications is fully realized. The Company's strategy is to build a portfolio of high quality lithium assets.
ON BEHALF OF THE BOARD OF DIRECTORS,
Patrick Highsmith, M.Sc.
President and Chief Executive Officer
Lithium One Inc
1238-200 Granville StreetVancouver, BC V6C 1S4 Canada
Email: info@lithium1.com
Website: www.lithium1.com
FOR FURTHER INFORMATION, PLEASE CONTACT
Robert Orr
Telephone: 604-697-6259
Fax: 604-408-4799 Email: ro@lithium1.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.
Forward-Looking Statements
This document may contain "forward-looking information" within the meaning of Canadian securities legislation (hereinafter referred to as "forward-looking statements"). These forward-looking statements are made as of the date of this document and the Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements relate to future events or future performance and reflect management's expectations or beliefs regarding future events. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions, title disputes as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements.
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