Mr. Kirill Klip reports

INTERNATIONAL LITHIUM ANNOUNCES STRATEGIC INVESTMENTS AND ROYALTY BUSINESS MODEL

Further to the company's news release dated Jan. 25, 2017, announcing certain strategic changes to its corporate structure, International Lithium Corp. will now begin to build its new business model.

As part of the new model, International Lithium will continue to focus its efforts on the advancement of the Mariana lithium brine project in Argentina and the Avalonia lithium pegmatite project in Ireland, together with strategic joint venture (JV) partner Ganfeng Lithium Co. Ltd. in a manner that best suits the interests of both parties. Discussions are currently under way to identify the most effective structure in which to move these projects forward and to add value to both GFL and ILC.

International Lithium will also continue to focus on the advancement of the Mavis and Raleigh lithium pegmatite projects in Ontario, Canada, with strategic partner Pioneer Resources Ltd. where the first hole of a recently announced drilling campaign has reported an intersection of spodumene-bearing pegmatite (see the company's news releases dated Feb. 7 and Feb. 8, 2017).

In addition to these continuing value generators, International Lithium intends to build on the expertise it has gained in acquiring and advancing world-class lithium prospects and will seek to extend its portfolio of strategic assets that are not restricted to early-stage exploration prospects. The company will now begin to pursue lithium (and possibly other strategic mineral interests related to the battery sector) projects, investments and royalties in partnerships with worldwide leaders in the battery-making, electric car, energy and utilities industries.

International Lithium has begun building a team that will give it a significant advantage in assessing and acquiring the highest-quality projects while maintaining a significant core strength of experienced and talented individuals possessing extensive experience in corporate governance and international finance.

"I am very pleased with how our strategic transition is moving forward at ILC [International Lithium]," states Kirill Klip, chairman, president and chief executive officer of International Lithium. "We are switching from a relatively low profit base of only managing exploration operations for the development of our JV projects with our strategic partners to building a sizable portfolio of strategic assets. Examples of our successful past record include the Mariana and Avalonia lithium projects which are being developed in conjunction with lithium industry leaders like Ganfeng Lithium, our strategic partner. Expanding our focus to include investments in opportunities on a broader scale that may see mine production in the near term and seek financing in creative manners that restrict shareholder dilution to fund these acquisitions will be in alignment with our current partners and shareholders, and give us an edge over other companies that are closely tied to specific exploration prospects. This new business model will allow ILC [International Lithium] to capitalize on the growth of our industry which is providing the material base for the ongoing green energy revolution. Lithium-based energy storage technology is at the centre of the exponential growth in the markets for electric cars and energy storage systems, which are providing the necessary technical solutions for solar and wind power generation that are intermittent in their nature."

International Lithium is actively engaging in the investigation and identification of strategic opportunities both internally and with select investment consultants. All interested parties in International Lithium's portfolio of assets and its new business model are invited to contact the company directly at InternationalLithiumCorp@gmail.com.

About International Lithium Corp.

International Lithium is an exploration company with an outstanding portfolio of projects, strong management ownership, robust financial support, and strategic partner and keystone investor Ganfeng Lithium, a leading Chinese-based lithium product manufacturer.

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