AmeriLithium Reports Significant Second Stage Exploration Results on Nevada Lithium Project

HENDERSON, NV, Aug. 19 /PRNewswire-FirstCall/ -- AmeriLithium Corp. (OTC Bulletin Board: AMEL; "AmeriLithium" or "the Company") is pleased to report it has completed the second phase of its exploration of the Paymaster Canyon Lithium brine project in Nevada, USA, and that its geophysical examination has identified a large reservoir of potentially Lithium-enriched brine in groundwater underlying the Paymaster property.

A preliminary report on the survey data was completed on August 7, 2010. A final report will be completed in the next couple of weeks. Details from the final report will be released at that time along with a copy of the report and animations of the survey results on the Company's website at http://www.amerilithium.com.

"The electromagnetic (EM) survey data revealed several significant structural features," commented Matthew Worrall, AmeriLithium's Chief Executive Officer. "One of the most positive elements of the survey is the identification of the Paymaster fault showing areas of low resistivity to both the east and west sides. It's very encouraging when your expectations are exceeded like this during the exploration process."

SIGNIFICANT PRELIMINARY REPORT FINDINGS

The preliminary report was reviewed by Robert Allender, AmeriLithium's VP of Exploration and Chief Geologist, who made the following observations: "The CSAMT/MT survey, which was designed based on information obtained in the initial gravity geophysical survey, has revealed the presence of a large area of potential Lithium brine in a deep bedrock depression underlying Paymaster Canyon in the area of the gravity low identified in the initial survey. Analysis of the geophysical data suggests an area approximately 2.5 kilometers wide (1.6 miles), 5 kilometers long (3.1 miles), and 500 meters deep underlying the upper part of Paymaster Canyon may be occupied by Lithium-enriched, sodium chloride brine typical of groundwater in the Clayton Valley area. Characterized by extremely low resistivity readings in the electromagnetic survey, this area could contain significant Lithium resources."

Mr. Allender also noted that the EM survey data clearly shows the location of the Paymaster Fault in the upper part of Paymaster Canyon. Areas of very high conductivity/low resistivity are shown by the EM data to be present on both sides of the Fault. The zone of potential brine indicated by the EM data on the east side of the Fault is open to the east suggesting a possible hydraulic connection between Paymaster Canyon and Alkali Flats to the east. The large zone of potential brine shown by the data on the west side of the Fault is likewise open to the west. The data suggests a possible hydraulic connection in this area with Big Smoky Valley which lies to the west. The data also indicate that Paymaster Fault could be a conduit for Lithium-bearing fluid migration in the subsurface. A clear understanding of potential brine occurrence in this area will require additional investigations including drilling and down-hole geophysics.

PAYMASTER SURVEY DETAILS

The preliminary report presents the results of a controlled source audio magnetotellurics / magnetotellurics (CSAMT/MT) geophysical survey conducted for Lithium brine exploration over AmeriLithium's Paymaster Canyon claims in Nevada. The purposes of the survey were to map geologic stratigraphy and structure relative to the occurrence of Lithium brine, identify conductors that are thought to be representative of Lithium bearing brine, and to provide information for the selection and design of additional geophysical surveys.

All fieldwork was completed on July 30, 2010, including both EM surveying over the entire Paymaster property as well as additional magnetic surveying to the south end of the property. A total of 114 separate CSAMT/MT soundings, at nominal spacing's of 250 meters, were acquired along eight lines concentrated in areas of increased bedrock depth as identified from the results of the recently completed gravity survey. Overall the CSAMT/MT data were considered good to very good quality. 

PAYMASTER PROJECT BACKGROUND

AmeriLithium's domestic Paymaster Project represents a 5,880-acre claim block adjacent to the Clayton Valley playa, where Lithium-rich brines and evaporates have been accumulating 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 neighboring 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).

FOR MORE INFORMATION

More information on the Paymaster Project exploration program, 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.

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) 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

SOURCE AmeriLithium Corp.