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AmeriLithium Provides Update on Lithium Usage in the Auto Industry & Future Applications

HENDERSON, NV March 1, 2011

Matthew Worrall

INDUSTRY DEMAND FOR LITHIUM

Feb. 18, 2011

Feb. 17, 2011 China

Not surprisingly, Core Consultants MD also forecasts that the next decade will also represent an increase in the supply of Lithium, especially with many international mining companies already developing projects that could position them to benefit from Lithium resources in various locations around the world,(3)  AmeriLithium not only being among those companies, but having taken substantial steps toward establishing domestic production of Lithium.

ELECTRIC VEHICLE SALES & OFFERINGS

MIT Kang Sun

  • Berkeley California
  • Nissan collected 6,635 pre-orders within the first 72 hours that its all-electric Leaf was on sale(6)
  • $32,780 $7,500
  • Feb. 21, 2011
  • $100,000

In response to the demand for all-electric and electric hybrid vehicles, automakers around the world are either advancing their current offerings or entering the market for the first time.  Toyota is looking to build on the success of its Prius – the best selling hybrid vehicle – by launching a Lithium-ion based plug-in Prius in 2012.(9)  General Motors, in a joint effort with its GM Daewoo subsidiary and Lithium-ion cell maker LG Chem and LG Electronics, is testing its all-electric Chevrolet Cruze in the Korean market; the new offering represents a projected range of up to 100 miles, acceleration of 0 to 62 mph in 8.2 seconds, a maximum speed of just over 100 mph, and a recharge time of 8 to 10 hours (GM is also planning to test a high-voltage, quick-charging application for the car).(10)

$5.25 billion euro 400 million Even Rolls Royce

SUPERIOR LITHIUM-ION PERFORMANCE

The new generation of electric and hybrid vehicles is turning to the superior performance of Lithium-ion batteries, characterized by less weight, larger capacity and easier charging.(2) In the case of Renault, all of the automaker’s electric vehicles are powered by a latest-generation Lithium-ion battery that, when compared with former-generation nickel metal hydride batteries, provide superior range, performance, reliability and safety.  According to Renault, their Lithium-ion battery takes between 6 and 8 hours to charge; can be charged to 80% capacity with a 20-minute fast charge; and provides a range of 100 miles in such new models as the Kangoo Van Z.E., which will go on sale in 2011.(11)  Similarly, the Lithium-ion battery in the Nissan’s Leaf takes about 8 hours to charge; can be charged to 80% in just 30 minutes using a special quick charger; and provides a range of up to 100 miles on a single charge.(6)

Renault also points out that, unlike former nickel-cadmium batteries, Lithium-ion batteries do not present any danger to the environment, and are recyclable due to being made up of non-toxic materials such as Lithium, manganese oxide or iron phosphate, and graphite.(11)

ELECTRIC VEHICLES, LITHIUM & AMERICA

In response to the growing importance of new energy-related technologies, the formerly mentioned report by the American Physical Society and the Materials Research Society called on the U.S. government to take steps to ensure America can compete in the emerging global energy industries.  Prior to the report’s release, a Senate bill was introduced that called for federal money to train people to work in the field of advanced materials, such as Lithium.(1)

Smyrna, Tennessee Feb. 21, 2011 England Tennessee

INFRASTRUCTURE PREPARATIONS

Phoenix Tucson Oregon San Diego Seattle Tennessee Houston Portland

March 2011

EMERGING LITHIUM APPLICATIONS & TECHNOLOGIES

Beyond Lithium-ion powered cars, the batteries are increasingly being used in various modes of environmentally-friendly transportation, including bicycles, scooters and motorcycles, all of which Best Buy is planning to sell.(14) It is also expected that demand for Lithium-ion power solutions will continue to grow across all market segments as battery technology advances even further.  On that front, and as mentioned above, battery startup company Amprius has developed Lithium-ion batteries capable of storing twice as much energy as any other battery currently on the market.  According to Amprius, the batteries will allow portable electronics to operate 40% longer on a single charge.  The company is also working with several major automakers to evaluate the use of the batteries in electric vehicles.(4)

Alternate Lithium-based battery technologies, meanwhile, represent the potential for even greater advances.  The still-experimental Lithium-air battery, for example, could significantly increase the range of electric vehicles due to its high energy density.  Researchers estimate Lithium-air batteries could hold between 5 to 10 times the energy of Lithium-ion batteries of the same weight, and 2 times the energy for the same volume.  While the technology probably won’t be commercially available for several years due to still facing some significant challenges – including increasing the number of times the batteries can be recharged, and decreasing the time needed for recharging – proponents of the Lithium-air battery point out that Lithium-ion batteries were first proposed in the 1970s but were not commercialized until 1997.(15)

FOR MORE INFORMATION

www.amerilithium.com

$5 billion

Henderson, NV. Nevada Alberta, Canada Western Australia

ON BEHALF OF THE BOARD OF DIRECTORS,

AmeriLithium Corp.

Matthew Worrall

Contact:

AmeriLithium Corp.

871 Coronado Center Dr.

Ste. 200

Henderson

Nevada

89052

Phone:

(702) 583-7790

Fax:

(702) 583-7791

Email:

[email protected]

INVESTOR RELATIONS:

Toll Free:

1-888-982-6374

Email:

[email protected]

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) New York Times website, Feb. 18, 2011

(2) China Economic Review website, Feb. 17, 2011

(3) Mining Weekly website, Jan. 21, 2011

(4) MIT’s Technology Review website, Sept. 17, 2010

(5) HomeBrewPower.co.uk website, Feb. 25, 2011

(6) AutoGuide website, May 25, 2011

(7) Auto Blog website, Nov. 19, 2010

(8) AutoGuide website, Feb. 21, 2011

(9) FavStocks.com website, Sept. 27, 2010

(10) All Cars Electric website, Sept. 18, 2010

(11) AutoBlog.com, Sept. 17, 2010

(12) Crazy4Cars.co.uk website, Nov. 18, 2010

(13) TheSun.co.uk website, Feb. 19, 2011

(14) Cnet News website, Oct. 11, 2010

(15) Physorg.com website, Feb. 1, 2011

SOURCE AmeriLithium Corp.

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