Mr. Kirill Klip reports

GANFENG LITHIUM AND INTERNATIONAL LITHIUM APPROVE USD 12 MILLION BUDGET TO ACCELERATE THE MARIANA LITHIUM BRINE PROJECT IN ARGENTINA

International Lithium Corp., together with strategic partner Ganfeng Lithium Co. Ltd., has approved a budget of $12-million (U.S.) to accelerate the exploration and development program currently under way at the Mariana lithium project in Argentina (news releases May 11 and June 16, 2016).

Following a recent, highly encouraging site visit, executives from GFL and ILC reviewed and approved a budget proposal to complete definitive technical studies. These studies are critical for the filing of environmental permit applications to conduct pilot-scale evaporation testing at the Mariana project site.

To achieve this, the companies will extend the current drilling program and aim to have a maiden resource calculated for a portion of Salar de Llullaillaco in the fall/winter of 2016. In addition, the companies will employ the results from recent bench-scale evaporation and liming tests to design and construct a series of small scale evaporation test ponds at site. Hydrological, aquifer characterization and environmental studies will be scheduled to meet the permitting target, as well as short- and long-term pumping tests.

"Our combined perseverance over the last five years has culminated in this momentous milestone. We look forward with our strategic partner Ganfeng Lithium to the advancement of the Mariana lithium brine project towards operational permitting," states Kirill Klip, president, International Lithium. "This is a clear indication that our careful approach in identifying high-quality projects at an early stage of development, whether they are brines or pegmatites, and sourcing strategic partners to assist in the development of these assets is proven successful. ILC intends to apply this approach and rapidly advance the company's portfolio of high-quality lithium projects in this increasingly vital market segment."

John Harrop, PGeo, FGS, is a qualified person as defined under NI 43-101 and has supervised preparation of the technical information contained in this press release.

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