AmeriLithium Reports on Advisory Board Meeting's Positive Conclusions

LAKE TAHOE, NV, July 8 /PRNewswire-FirstCall/ -- AmeriLithium Corp. (OTC Bulletin Board: AMEL; "AmeriLithium" or "the Company") is pleased to report on the encouraging outcomes and decisions of its recent Advisory Board meeting, which confirmed the direction of the Company's second stage of Lithium exploration in Nevada, while discussing the energy market in general, and the Lithium market in particular.

Present at the meeting were Chief Executive Officer (CEO) Matthew Worrall and Board Members Jonathan Cook, Mathew Harpe and Andrew Grant. The meeting built on the conclusions of a late-June 2010 two-day field trip to the Company's three Nevada-based Lithium properties – Paymaster, Clayton Deep and Full Monty – to establish next steps for the Company's ongoing Lithium exploration program. Present for the field trip were Matthew Worrall, CEO; Robert Allender, VP of Exploration & Chief Geologist; and Robert Craig, P.E., Chief Mining Advisor.

EXPLORATION NEXT STEPS

The Advisory Board discussed the Company's next stages of Lithium exploration on its Nevada-based Paymaster Project after reviewing the positive results from the property's gravity survey in early June 2010. The gravity survey identified three significant bedrock elevation lows on the Company's property that warrant further exploration. The Advisory Board confirmed the decision made by Worrall, Allender and Craig to test each of the lows during the next phase of geophysical exploration, which began July 7, 2010. The testing will make use of Controlled Source Audiomagnegtotellurics / Magnetotellurics (CSAM/MT), a geophysical technique commonly utilized in mineral exploration to provide deep geologic information.

The Advisory Board also discussed recent discoveries of other Lithium mining exploration companies in the region. Included among these was Rodinia Minerals, who recently reported exploration sampling of brines that returned Lithium values of up to 400 milligrams per liter and favorable magnesium-to-Lithium ratios on their property, which is adjacent to AmeriLithium's Clayton Deep property in Clayton Valley, Nevada.

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(1). AmeriLithium's Paymaster Project is adjacent to the Clayton Valley playa, while the Company's Clayton Deep project lies less than 10 miles southwest of the Chemetall Lithium plant.

ENERGY MARKET CHALLENGES & OPPORTUNITIES

The Advisory Board discussed BP's Gulf of Mexico oil spill, and its potential future impact on oil legislation and diversion to alternative power. Noted in the discussions were President Barack Obama's addresses over the past few months regarding the need to reduce America's dependence on fossil fuels, including remarks he made at Carnegie Mellon University, Pittsburgh, pressing congress to scrap billions in oil company tax breaks and pass legislation to help the nation kick a dangerous "fossil fuel addiction."

The President also pointed toward the use of cleaner energy as being the future of the United States, while noting that, "The United States used to make less than 2 percent of the world's advanced batteries for hybrid cars. By 2015, because of the investments that we made, we'll have enough capacity to make up to 40 percent of these batteries(2)."

On a related note, and of considerable interest to the Advisory Board, was a May 23, 2010 Bloomberg Business week article that underscored Lithium being favored heavily by the motor industry. The article stated that, "Lithium based battery chemistry is an industry adopted standard now in EV (Electric Vehicles).(3)" The Advisory Board also noted Nissan's commitment to Lithium Technology, evidenced by its spending over 16 years and $5 billion on Lithium battery development(3), not to mention its plans to introduce the Leaf in the US before the end of 2010(4).

The Advisory Board also discussed the favorable growth of demand for Lithium in the general electronics market. Among the discussed items was the March 9, 2010 New York Times article "The Lithium Chase," which pointed out that about 25% of all Lithium produced is currently used for energy storage in smaller electronic goods. The Advisory Board was encouraged by the article citing a report by investment adviser Byron Capital Markets that predicted a 40% increase in demand for Lithium from 2009 to 2014(5)

"All in all, we came away with that excellent feeling of being in the right place with the right product at the right time," commented Matthew Worrall, Chief Executive Officer of AmeriLithium. "And included in our product is the outstanding team we've been so fortunate to assemble. It's never enough to only have a market that's in your favor; you also need the people that enable you to capture and maximize that market's potential. And after this meeting, I'd definitely say we have both the market and the team."

FOR MORE INFORMATION

More information on AmeriLithium's projects and team, 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 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 US, a large project in Alberta, Canada, and a project in Western Australia.

ON BEHALF OF THE BOARD OF DIRECTORS,

AmeriLithium Corp.

Matthew Worrall, Chief Executive Officer

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) Rodinia Minerals Inc website, Feb. 25, 2009

(2) Remarks by the President on the Economy at Carnegie Mellon University, June 02, 2010

(3) Bloomberg Businessweek website, May 23, 2010

(4) Forbes.com, May 21, 2010

(5) New York Times website, March 10, 2010

SOURCE AmeriLithium Corp.