Mr. John Wisbey reports

INTERNATIONAL LITHIUM CLOSES PRIVATE PLACEMENT OF CONVERTIBLE DEBENTURES

International Lithium Corp. has closed a non-brokered private placement of convertible debentures in the principal amount of 240,000 British pounds ($408,000). 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.

Director of the company, John Wisbey, indirectly acquired all of the debentures in the private placement through a fund in which he has an interest. The 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 fewer than 21 days before the closing of the private placement because the company wished 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.

The company's primary strategic focus is now on the Mariana project in Argentina and on the Raleigh Lake project in Canada.

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.