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Li3 Energy, Inc. Announces the Initial Results of its Sampling Program at Maricunga, Chile

LIMA, Peru Jan. 28, 2011 Chile

Argentina

http://photos.prnewswire.com/prnh/20110128/NY37247

Tom Currin

December 2010 US$6 million US$5 million

February 28, 2011

About Li3 Energy, Inc.

Peru Argentina Chile the United States

www.li3energy.com

Forward-Looking Statements

Certain statements in this news release are forward-looking statements. These statements are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "proposes", "hopes," "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information and assumptions of management. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of Li3 Energy, including, but not limited to, Li3 Energy ‘s ability to identify appropriate corporate acquisition and/or joint venture opportunities in the lithium mining sector and to establish the technical and managerial infrastructure, and to raise the required capital, to take advantage of, and successfully participate in such opportunities; future economic condition; political stability; and lithium prices. Additional information on risks and other factors that may affect the business and financial results of Li3 Energy can be found in filings of Li3 Energy with the U.S. Securities and Exchange Commission at www.sec.gov .

SOURCE Li3 Energy, Inc.

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