Mr. John Wisbey reports

INTERNATIONAL LITHIUM ANNOUNCES PRIVATE PLACEMENT OF CONVERTIBLE DEBENTURES

International Lithium Corp. intends to complete a non-brokered private placement of convertible debentures in the principal amount of up to 240,000 British pounds. The debentures will mature on May 31, 2019, and bear interest at a rate of 15 per cent per annum. The debentureholders may convert at any time, all or a portion of the convertible loan principal into common shares of the company at a price of seven cents per common share.

Proceeds of the private placement will be used for general working capital.

The debentures will be secured by a general security agreement against the company's assets.

All securities issued pursuant to the private placement will be subject to a statutory hold period expiring four months plus one day from closing. Completion of the private placement is subject to a number of conditions, including, without limitation, approval of the TSX Venture Exchange.

Certain directors of the company, or their related interests, intend to participate in the private placement. The proposed issuance of private placement securities to non-arm's-length parties constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. Because the company's shares trade only on the TSX Venture Exchange, the issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 and exempt from the minority approval requirements of Section 5.6 of MI 61-101. This news release is being filed less than 21 days before the expected first closing of the private placement because the company wishes to complete the private placement in a timely manner.

About International Lithium Corp.

International Lithium has a significant portfolio of projects, strong management, and a strategic partner and key investor, Jiangxi Ganfeng Lithium Co. Ltd., a leading China-based lithium product manufacturer.

International Lithium's mission is to find, explore and develop projects that have the potential to become world-class lithium, potash and rare metal deposits. A key goal is to become a well-financed company to turn that aspiration into reality.

We seek Safe Harbor.