Exhibit 99.1
[LITHIUM CORPORATION LOGO]
NEWS RELEASE
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FOR IMMEDIATE RELEASE OTCQB: LTUM
LITHIUM CORPORATION - PATHION ASSET PURCHASE AGREEMENT EXPIRATION
Las Vegas, NV - January 28, 2015 - [OTCQB - LTUM] "The Company" announces the
expiration of the Asset Purchase Agreement (APA) with Pathion, Inc., due to
Pathion's failure to close the agreement according to the agreed upon schedule
in the APA and its' extensions.
"We have notified Pathion that the agreement has expired" stated company
President Xxxxx Xxxx, "Although this is disappointing to an extent, we feel that
Lithium Corporation will ultimately benefit by moving forward with new
valuations of our properties that include the news that Telsa's gigafactory, now
under construction, will be logistically in close proximity to them. We are
currently pursuing multiple opportunities to achieve our goals and remain very
excited about the future of the company".
For further information with regard to Lithium Corporation, please contact Xxx
Xxxxx at Lithium Corporation at (000) 000-0000 or via email at
xxxx@xxxxxxxxxxxxxxxxxx.xxx or view our new page at The Investors Hangout
xxxx://xxxxxxxxxxxxxxxx.xxx/Xxxxxxx-Xxxx-XXXX-00000/
About Lithium Corporation
Lithium Corporation is an exploration company based in Nevada devoted to the
exploration for new battery related resources throughout North America, looking
to capitalize on opportunities within the ever expanding Lithium-Ion and next
generation battery markets. The Company maintains a strategic alliance with
Altura Mining, an ASX listed coal producer who is currently looking to spin off
their coal division into a Singapore listed start-up, and is searching for
off-take contracts for its 100% owned world-class Pilgangoora lithium pegmatite
property in Western Australia.
NOTICE REGARDING FORWARD-LOOKING STATEMENTS
This current report contains "forward-looking statements," as that term is
defined in Section 27A of the United States Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Statements in this press release
which are not purely historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions regarding the
future, including but not limited to the construction of the Tesla Motors, Inc.
site in northern Nevada for battery manufacturing ", that the proximity of our
properties and exploration efforts to the location of the proposed Tesla factory
could give us an advantage with respect to establishing a role in their supply
chain, that Nevada may become an innovation center for battery research and
development, or that this may attract potential future business partners for
Lithium Corporation.
Actual results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among others, the
inherent uncertainties associated with mineral exploration and difficulties
associated with obtaining financing on acceptable terms. We are not in control
of minerals prices and these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news release, and we
assume no obligation to update the forward-looking statements, or to update the
reasons why actual results could differ from those projected in the
forward-looking statements. Although we believe that the beliefs, plans,
expectations and intentions contained in this press release are reasonable,
there can be no assurance that such beliefs, plans, expectations or intentions
will prove to be accurate. Investors should consult all of the information set
forth herein and should also refer to the risk factors disclosure outlined in
our most recent annual report for our last fiscal year, our quarterly reports,
and other periodic reports filed from time-to-time with the Securities and
Exchange Commission.
