Lithium Provides Needed Acceleration to the Auto Industry

LAKE TAHOE, NV, May 26 /PRNewswire-FirstCall/ -- AmeriLithium Corp. (OTC Bulletin Board: AMEL; "AmeriLithium" or "the Company") is pleased to provide an overview of the Auto Industry's increasing reliance on Lithium Technologies in its current and ongoing products to eliminate dependence on oil-based gasoline, lower harmful emissions, increase driving range, decrease vehicle weight, and meet market demand for the next generation of environmentally-friendly vehicles.

The latest major news in the marriage of Lithium Technology and the Auto Industry came on May 21, 2010, when Toyota announced its decision to enter into a joint venture with California-based Tesla Motors, Inc. According to Forbes, Toyota indicated the move to team up with the smaller company will give the auto giant more options in catching up with the rapidly-advancing fully electric vehicle (EV) market.(1) Tesla has already delivered over 1,000 of its Lithium-powered Roadsters – which can go 245 miles on a single charge – to customers in North America, Europe and Asia. Toyota, meanwhile, has produced roughly 2.5 million hybrids since first introducing the Prius hybrid in 1997, and plans to introduce Lithium-powered EVs into the market by 2012.(2)

According to a May 23, 2010 Bloomberg Business week article, "Lithium based battery chemistry is an industry adopted standard now in EV space," and the price leader in that market is the all-electric Nissan Leaf starting as low as $20,000 (after federal and state rebates in some markets). Nissan's commitment to Lithium Technology is evidenced by its spending over 16 years and $5 billion on Lithium battery development.(3) Nissan plans to introduce the Leaf in the US before the end of 2010. Likewise, General Motors plans to launch its plug-in Volt before the end of the year.(1)

At the higher end of the auto market is the world's first mass-produced Lithium-ion battery powered car: the Mercedes-Benz S400 Hybrid, which arrived in US showrooms back in August 2009. Of particular significance is Benz's "compact" battery technology, which reduced the size and weight of the hybrid system to the same space as was previously taken up by the car's standard lead-acid 12-volt starter battery (the S400 weighs only ~120 pounds more than the standard S-Class).(4)

LITHIUM & OIL

Despite all the other advantages of Lithium Technology in hybrid and EV systems, the ultimate goal is to reduce and eliminate the nation's dependence on oil-based gasoline. A poll by Reuters on May 25, 2010 of 33 analysts was in line with expectations for ongoing crude price increases, showing US crude oil is expected to average $80.22 a barrel in 2010. One of the analysts polled, Frank Schallenberger at Landesbank, pointed out that China's crude demand is still very high with a new import record set in April, and that global economic growth of over 4% in 2010 and 2011 will guarantee rising demand for oil. Schallenberger added, "By the end of the year we will see $85-$90 again".(5)

As the Auto Industry searches to meet their non-oil-based power source needs, more and more leading brands are accepting and developing Lithium-ion technology, as marked by the late-2010 launch of Chevy's plug-in hybrid Volt, Nissan's all-electric Leaf, and a new set of hybrids set to launch in the near future, including:

• Hyundai's Sonata Hybrid
• Honda's CR-Z Hybrid and Fit Hybrid
• Mercedes-Benz's ML450 Hybrid
• BMW's High-Horsepower Hybrids: X6 and Active 7 Hybrid
• Dodge's Ram Hybrid
• Porsche's Cayenne Hybrid(6)

Matthew Worrall, Chief Executive Officer of AmeriLithium stated, "Just seeing how quickly the auto industry is both accepting Lithium Technology and utilizing its potential in many different areas of vehicle development is great news, not just for AmeriLithium, but for the Lithium industry as a whole. The news of Toyota and Tesla joining forces just goes to enforce the attitude of major manufacturers towards Lithium and its potential."

At the same time, companies such as FedEx are relying on today's advanced Lithium-ion powered vehicles to reduce their commercial fleet dependency on oil. According to a May 20, 2010 AutoWeek article, the latest FedEx delivery truck is powered by Lithium-ion batteries and has a range of 100 miles (city driving), enabling a driver to complete a standard eight-hour day on a single charge.(7)

IBM's approach to eliminating dependence on oil is to build a lightweight battery that could power a family car over a 500-mile range. IBM's new R&D project aims to produce Lithium metal-air batteries within the next five years that store 40 times as much energy as today's Lithium-ion batteries, with the payoff being lightweight, powerful, rechargeable Lithium-powered electric vehicles.(8)

LITHIUM & PERFORMANCE

Other examples of Lithium Technology enhancing the performance of current vehicles can be found at Porsche. When the high-end auto maker revealed its most powerful production car – the 611bhp, 205mph 911 GT2 RS supercar – its overall weight was reduced by 22 pounds by replacing the regular battery with a Lithium-ion battery.(9) Meanwhile, according to the Porsche website, the company further increased its competence in hybrid technology by creating the 918 Spyder, a high-performance, mid-engined concept sports car with ultra-efficient, low-emission drive technology that Porsche presented in Geneva in March 2010. The car uses a fluid-cooled Lithium-ion battery that can be charged through a regular electrical outlet.(10) The 918 Spyder also underscores the environmental and driving-enthusiast performance that a Lithium-ion powered hybrid can embody:

• a V8 gas engine delivering over 500bhp
• three electric motors that can add a further 218bhp
• 0-60mph in 3 seconds (V8 and electric motors working together)
• top speed of 200mph
• 90mpg and emissions of 70g/km CO2 in eco-mode(11)

FOR MORE INFORMATION

More information on the Auto Industry's move toward reliance on Lithium, 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

INVESTOR RELATIONS:

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 Forbes.com, May 21, 2010

2 Toyota website, May 25, 2010

3 Bloomberg Businessweek website, May 23, 2010

4 HybridCars.com website, May 25, 2010

5 Reuters website, May 25, 2010

6 2010 Hybrid Cars – The Year Ahead. HybridCars website, May 25, 2010

7 New FedEx truck is electrifying to drive. AutoWeek website, May 20, 2010

8 HybridAutoReview website, May 4, 2010

9 Evo website, May 12, 2010

10 Porsche website, March 2, 2010

11 CarsUK.net website, April 26, 2010

SOURCE AmeriLithium Corp.

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