AmeriLithium Acquires 650,000+ Acre Lithium Asset in Alberta, Canada

LAKE TAHOE, NV, March 17 /PRNewswire-FirstCall/ -- AmeriLithium (OTC Bulletin Board: AMEL) ("AmeriLithium" or "the Company") is pleased to announce it has recently executed a definitive agreement thereby acquiring a 100% NRI (Net Revenue Interest) in the assets of the Americana Property in Alberta, Canada.

The Americana Property is one of the largest claims if its type in the region, representing ~664,049 acres overlying a potential extension of the Leduc Formation and Beaverhill Lake Group Strata/Swan Hills Formation. These two formations were identified by the Alberta Geological Survey (AGS) as containing formation waters containing potentially economic amounts of lithium.(1)

The AGS recommended further analysis of the formation waters for lithium, stating that the lithium contents are similar to those of the only US-based lithium plant in Clayton Valley, Nevada.(2)

The total resource estimate for potentially economic lithium present in the two formations is 567,690 tons,(1) which is approximately 69% of the 826,000+ tons of lithium estimated to exist in Clayton Valley, Nevada (I.A. Kunasz of the American Institute of Mining, 1975).(3)

The AGS singled out formation waters containing high concentrations of dissolved lithium where rock porosity and permeability would allow production. In the Leduc Formation, reef thicknesses exceed 980 feet in places (based on 88 existing wells and 3,768 core analyses), while the carbonate platform in the Beaverhill varies in thickness from over 490 feet in the south to roughly 160 feet in the northwest (based on 183 existing wells and 18,256 core analyses).(1)

AGS findings on both formations show concentrations exceeding 100 mg/l with a maximum concentration of 130 mg/l occurring in the Beaverhill Lake formation.(2)

Knowledge of the lithium-rich brine waters beneath west-central Alberta came indirectly from the region's oil and gas industry activity, including three major gas processing facilities originally owned by Chevron, BP Amoco and Petro-Canada collectively.

Matthew Worrall, CEO of AmeriLithium, commented on the Company's latest acquisition by stating, "The entire AmeriLithium team is excited about our Lithium portfolio being expanded by the addition of the Americana Property for several reasons. First, its sheer size. Second, its ideal location in relation to potential brines rich in Lithium. And third, its location in Canada, which represents an extensive US trade partner that has proven to be friendly and accessible. Taken together, these factors make the Americana Property acquisition a perfect fit with our focus on being an emerging North American Lithium industry leader and securing power solutions for America's future."

More information on AmeriLithium's Americana Property, and additional information regarding the company and its Alberta project, can be found at AmeriLithium's corporate website www.amerilithium.com along with the facility to sign up for regular news updates.

ABOUT LITHIUM: Lithium is a lightweight metal used in a wide range of consumer products the world over: the medical industry uses lithium as an anti-depressant; industrial uses include glass, ceramic and porcelain enamel manufacture; the aviation industry uses lithium in alloys. Of particular interest is the use of lithium for battery production, which has expanded significantly in recent years due to rechargeable lithium batteries being used increasingly in electrical tools and in the rapidly expanding portable electronics market. Furthermore, the next generation of hybrid and electric vehicles are being designed to use high-capacity lithium-ion batteries as environmentally-friendly fuel alternatives while the Obama administration has introduced $5 billion in funding and incentives for the development of a secure, domestic battery industry with special focus on lithium-ion batteries.

ABOUT AMERILITHIUM: AmeriLithium is a publicly traded (OTC Bulletin Board: AMEL), mining company committed to progressively developing into one of the leading American players in the global lithium industry. The Company is headquartered in Lake Tahoe, NV. AmeriLithium has amassed a lithium portfolio consisting of ~670,000 acres, including a Nevada-based project adjacent to the only lithium producing plant in the US and a large project in Alberta, Canada.

Certain statements in this press release are forward-looking and involve a number of risks and uncertainties.  Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended.  AmeriLithium Corp. bases these forward-looking statements on current expectations and projections about future events, based on information currently available.  The forward-looking statements contained in this press release may also include statements relating to AmeriLithium Corp.'s anticipated financial performance, business prospects, new developments, strategies and similar matters.  AmeriLithium Corp. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.

(1) Resource Estimates of Industrial Minerals in Alberta Formation Waters. Alberta Geological Survey, Jan. 31, 1995

(2) Industrial Mineral Potential of Alberta Formation Waters. Alberta Geological Survey, 1995

(3) Rodinia Minerals Inc website, Feb. 25, 2009

SOURCE AmeriLithium Corp.