Erwin & Thompson LLP A Limited Liability Partnership Including Professional CorporationsLegal Counsel Engagement • March 6th, 2012 • Li3 Energy, Inc. • Miscellaneous manufacturing industries
We have acted as counsel for Li3 Energy, Inc., a Nevada corporation (the “Corporation”), on matters of Nevada law in connection with the Corporation’s filing of a Registration Statement on Form S-1 (File No. 333-175329) (the “Registration Statement”) under the Securities Act of 1933, as amended (the “Securities Act”), with the United States Securities and Exchange Commission (the “Commission”), pursuant to which 42,797,958 outstanding shares (the “Shares”) of the Corporation’s common stock par value $0.001 per share (“Li3 Common Stock”), and 40,838,832 shares of Li3 Common Stock (the “Warrant Shares”) issuable upon exercise of certain outstanding warrants (the “Warrants”) will be registered.
