AmeriLithium Is Pleased to Announce a Target Price of $5.10 From SISM Research's Independent Coverage.

LAKE TAHOE, NV, May 20 /PRNewswire-FirstCall/ -- AmeriLithium Corp. (OTC Bulletin Board: AMEL; "AmeriLithium" or "the Company") is pleased to announce that Ernest C. Schlotter, a senior analyst with SISM Research and a four star analyst according to StarMine, has released coverage on AmeriLithium Corp., (OTCBB: AMEL), an emerging Lithium Exploration company, in a 10-page report dated May 18, 2010. SISM set an 18-24 month target price of $5.10 supported by the DCF valuation.

Containing vital analyst information, the report sets an 18-24 month target price of $5.10, a sizeable increase from a previous target price of $3.63 set by Cohen Independent Research (CIR) in April. The SISM target price looks even more favorable when taking into account that CIR also states a 5yr best price target of $7.80

A complementary report, which includes important disclosures, disclaimers and analyst qualifications, is available for download via the SISM Research website (http://www.sism.com/researchreportsamerilithium.htm), as well as being available at www.amerilithium.com.

According to the report:

Nevada-based AmeriLithium Corporation (OTCBB: AMEL) is a junior exploration company seeking to develop lithium properties in North America and internationally. Through its aggressive acquisition and exploration strategy and in a very short period of time, AmeriLithium has acquired ~724,000 acres of leaseholds and is one of the largest leasehold of all pure lithium players worldwide and has established the foundation for an aggressive exploration and development program. AmeriLithium now controls strong claims in Nevada comprising 16,920 acres with two properties adjacent to the only currently producing lithium brine mine in the United States. The first exploration program began on the Company's 5,880-acre Paymaster Project in Clayton Valley. The Company secured a $10 million equity financing, enabling it to execute and accelerate its geological exploration program to prove up its assets. Lithium produced from brine is the main source of lithium carbonate used in Li-ion batteries, the emerging application in drivetrain technology.

"AmeriLithium appears to have the potential to develop three very strong properties in Nevada at producing LCE at a cost that is very competitive in the market," said Ernest Schlotter. He continued, "The Company has a solid management team and funds in place to explore and develop its world-class assets and become a strong brine-miner in the future." SISM Research initiates coverage on AmeriLithium with a SPECULATIVE BUY recommendation and an 18- to 24-month target price of $5.10 based on SISM's DCF valuation.

About AmeriLithium Corp.

AmeriLithium is a publicly traded (NASD OTC BB: 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 ~724,000 acres, including three Nevada-based projects nearby the only lithium producing plant in the U.S., a large project in Alberta, Canada, and a project in Western Australia. The company's website can be found at http://www.amerilithium.com/.

About SISM Research:

SISM Research (http://www.sism.com) is a private investment research firm, based in Zurich, Switzerland, offering independent, fundamental research on public companies since 1995. SISM Research publishes research on micro- to small-cap companies trading on the OTC, NASDAQ, AMEX and TSX stock exchanges. SISM research coverage platforms are geared toward institutional and individual investors in both North America and in Europe. SISM Research, as a member-provider of the FIRST Research Consortium (http://www.investrend.com/FIRST), takes steps to ensure the independence and integrity of SISM's published research that exceed those of the CFA Institute Code of Ethics and Standards of Professional Conduct and the CFA-NIRI Guidelines, by following the exacting "Standards for Independent Research Providers", which are also in accordance with guidance set forth by the U.S. Securities and Exchange Commission's Advisory Committee on Smaller Public Companies.

About The Investrend Research Syndicate:

The Investrend Research Syndicate (http://www.investrend.com/research/syndicate), a proprietary entity of Investrend Communications, Inc., distributes reports published by sources dedicated to unbiased, reliable analytics and complete transparency. The primary measure for determining those sources is the "Standards for Independent Research Providers" (http://www.investrend.com/FIRST/standards).

Disclosures:

AmeriLithium Corp. has retained and paid SISM Research U.S. $12,400 to resume continuing coverage of AmeriLithium Corp. for a two-year period, and AmeriLithium Corp. is under contract to pay SISM Research an ongoing fee of U.S. $1,850 per month over that two-year period to ensure continuation of SISM's independent coverage of AmeriLithium Corp.

SISM has paid Investrend Communications, Inc. ("Investrend") a portion of SISM's collected fees from AmeriLithium Corp. for a "distribution and visibility" program, provided by the Investrend Research Syndicate (Div., InvesTrend) in support of SISM's AmeriLithium Corp. coverage.

"Safe Harbor" Statement:

This announcement contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of AmeriLithium Corp. to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and AmeriLithium Corp. assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products and services, inability to deliver products and services when promised, inability of potential customers to pay for ordered products and services, and political and economic risks inherent in international trade.

Cautionary Note to U.S. Investors:

The United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms on this press release, such as prospective resource, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10K. You can also obtain this form from the SEC by calling 1-800-SEC-0330. Additional information may be found at the following web site. www.sec.gov

Disclaimer:

The OTC Bulletin Board Exchange has neither approved nor accepts responsibility for the adequacy or accuracy of the above news release.

SOURCE AmeriLithium Corp.