Canada Lithium Corp. Joins OTCQX

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May 18, 2010, 07:00 ET

NEW YORK, May 18 /PRNewswire-FirstCall/ -- Pink OTC Markets Inc. (OTCQX: PINK), the financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market, today announced that Canada Lithium Corp. (OTCQX: CLQMF, TSX.V: CLQ), a Canadian resource and exploration company, began trading today on OTCQX®.

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"Trading on OTCQX signals to the U.S. market Canada Lithium's desire to offer a high level of transparency and convenience to U.S. investors while trading on a credible U.S. market tier," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "We are pleased to welcome Canada Lithium to OTCQX."

Canada Lithium began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com.

"We're delighted to join OTCQX's rapidly expanding list of quality international companies and specifically Canadian minerals companies," said Canada Lithium President and CEO, Peter Secker.

Berenbaum Weinshienk PC will serve as Canada Lithium's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on listing requirements.

About Canada Lithium Corp.

Canada Lithium Corp. (OTCQX: CLQMF, TSX.V: CLQ) has completed a prefeasibility study and is now beginning a definitive Feasibility Study on its Quebec Lithium Project near Val d'Or, Quebec. If current environmental, engineering, metallurgical, and geological studies are positive, the project could provide a secure North American supply of battery-grade lithium carbonate to feed the growing demand for lithium in hybrids and electric vehicles. Mine construction is anticipated in 2011.

About OTCQX

The OTCQX Marketplace is the premier tier of the U.S. OTC market. Investor-focused companies use the quality controlled OTCQX listing platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. stock exchange. For more information and to view a full list of OTCQX-listed companies, visit www.otcqx.com.

About Pink OTC Markets Inc.

Pink OTC Markets Inc. (OTCQX: PINK) operates the leading electronic interdealer quotation and trading system and facilitates trading in over 9,000 securities not listed on a U.S. stock exchange. Pink OTC Markets segments these securities into three tiers: the quality-controlled OTCQX marketplace, the U.S. registered and reporting OTCQB marketplace, and the speculative trading Pink Sheets marketplace. These three tiers constitute the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Our products and services promote market transparency, improve price discovery, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants. To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.otcmarkets.com, www.pinkotc.com and www.otcqx.com or contact us at [email protected].

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SOURCE Pink OTC Markets Inc.