AmeriLithium Receives Deed for Nevada-Based Full Monty Lithium Properties

HENDERSON, NV, Aug. 9 /PRNewswire-FirstCall/ -- AmeriLithium Corp. (OTC Bulletin Board: AMEL; "AmeriLithium" or "the Company") is pleased to announce the Company has officially received the deed for its Full Monty Lithium project properties in Nye County, Nevada.

The Quitclaim Deed of the unpatented Full Monty placer mining claims was made effective on July 21, 2010 when signed by Robert Craig as agent and on behalf of Nevada Alaska Mining Co., Inc., a Nevada Corporation, Barbara Anne Craig, Elizabeth Dickman and Robert Craig ("Grantor"), and AmeriLithium Corp. ("Grantee").

The deed assigns forever Grantor's right, title and interest in and to each unpatented placer mining claim situated in Nye County, Nevada, FM # 1 through FM # 72, BLM NMC Nos. 1022927 - 1022998, respectively, and all amendments and relocations of the unpatented mining claims; together with all the ores, brines, earth or other mineral deposits, and in and to all of the rights, privileges, franchises, tenements, hereditaments and appurtenances belonging or appertaining to the unpatented placer mining claims, including all after acquired title.

According to the agreement, Grantor retains a 2% Net Smelter Royalty (NSR) with said Royalty subject to a buyback by Grantee for $500,000 for 1% of the NSR, with 1% NSR not subject to a buyback.

AmeriLithium's Chief Executive Officer, Matthew Worrall, commented: "By acquiring the deed on the Full Monty properties, we can now proceed with both the clear confidence and assurance of how the Company will benefit from any Lithium production arising from this strategic acquisition in Nevada's proven Lithium-producing region."

AmeriLithium's Full Monty Project represents a 5,760-acre block (9 square miles) of federal placer mining claims 25 miles north of Clayton Valley's prime Lithium-mining region. Lithium-rich brines and evaporates have been accumulating in the Clayton Valley playa for more than 30,000 years, resulting in the highest Lithium content found in any brines tested by the US Geological Survey (USGS) in southwestern US playas and basins.(1)

Clayton Valley is home to the only US-based Lithium producing plant, operated by Chemetall Foote Corporation, a subsidiary of Rockwood Holdings, Inc. The plant has been in production since 1967, producing an estimated 50 million kg (55,000+ tons) of Lithium to date from the region's rich brines.(2)

The Full Monty location represents excellent logistics for project exploration and development, including an established road system and high voltage power lines that cross the Company's property. Meanwhile, the state of Nevada represents a mining-friendly state populated with skilled workers. Mining is the largest industry in rural Nevada, and accounts for 87% of total US gold production, making it the third-largest gold producer in the world.(3) The state's geographical location also provides easy access to the Port of Long Beach – America's second-busiest seaport with annual trade exceeding $100B – creating potential distribution options for future world markets.(4)

FOR MORE INFORMATION

More information on the Full Monty Project, and additional information regarding the Company, 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 (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 Henderson, 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 US, a large project in Alberta, Canada, and a project in Western Australia.

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)   NI 43-101 Technical Report by Coast Mountain Geological Ltd for Rodinia Minerals Inc, Mar. 12, 2009

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

(3)   Nevada Mining Association (education website), Feb. 26, 2009

(4)   Port of Long Beach website, Feb. 26, 2009

SOURCE AmeriLithium Corp.