AmeriLithium Secures $2.5 Million USD Equity Line Financing Agreement with US & UK Based Investor

HENDERSON, NV, Feb. 3, 2012 /PRNewswire/ -- AmeriLithium Corp. (OTC Bulletin Board: AMEL; "AmeriLithium" or the "Company") is pleased to announce that on January 30, 2012, the Company signed an equity line financing agreement with the US and UK based investment fund, TCA Global Master Credit Fund, LP ("TCA" or the "Investor"), for up to $2.5 million dollars over a term of 24 months.

According to the terms of the agreement, the Investor committed to purchase up to $2.5 million dollars of the Company's common stock. The Company will sell to the Investor the common stock at a discount of 5% to the market price using a five day forward volume weighted average price. The amount and timing of each purchase is at the sole discretion of the Company. Each purchase may be up to the greater of 350,000 shares of the Company's common shares or 200% of the average daily volume of shares of common stock traded during the five trading days immediately preceding the delivery of a notice to the Investor.

Of particular interest, neither the Investor nor its affiliates have an open short position in the common stock of AmeriLithium, and the Investor agreed that it will not, and that it will cause its affiliates not to, engage in any short sales of hedging transaction with respect to the Company's common stock. The Investor agrees to sell no more than 25% of the weekly volume as reported by Bloomberg.

In a separate transaction, AmeriLithium received $250,000 in the form of a convertible promissory note.

Matthew Worrall, AmeriLithium's Chief Executive Officer, commented: "We've taken on this finance agreement so we can utilize it to the best advantage of the Company and ensure the continued development of the Company's asset base. In light of having begun the planning and permitting for a targeted drilling program on our four Nevada-based lithium brine properties, this financing agreement has come at just the right time. We now have both the data from our recently-completed geophysical exploration and the funding we need to move to the next phase of exploration for commercial lithium-bearing brine concentrations in Nevada."

Mr. Worrall also commented on the corporate financial strategy behind this agreement: "Having an equity facility available to the Company, such as the agreement with TCA, allows the company to transition towards a healthier, less debt reliant, balance sheet."

FOR MORE INFORMATION

More information on AmeriLithium's lithium projects, 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.  Additional information with respect to the transactions described above can be located in the Company's Form 8-K filed with the United States Securities and Exchange Commission on February 3, 2012.

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 Henderson, Nevada. AmeriLithium has amassed a Lithium portfolio consisting of approximately 727,319 acres, including four Nevada-based projects nearby the only Lithium producing plant in the US, a project in Alberta, Canada, and a project in Western Australia.

ON BEHALF OF THE BOARD OF DIRECTORS,

AmeriLithium Corp.
Matthew Worrall, Chief Executive Officer

FORWARD-LOOKING STATEMENTS

The information contained herein includes forward-looking statements.  These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.  You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements.  Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity.  We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Contact:
AmeriLithium Corp
871 Coronado Center Dr.
Ste. 200
Henderson, Nevada 89052

Phone: (702) 583-7790
Fax: (702) 583-7791
Email: [email protected] 
Facebook: www.facebook.com/AmeriLithium 
Twitter: www.twitter.com/amerilithium 
Web: www.AmeriLithium.com

INVESTOR RELATIONS:
Toll Free: 1-888-982-6374
Email: [email protected] 

SOURCE AmeriLithium Corp.

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