Mr. Rob Saltsman reports

FIRST LITHIUM MINERALS CORP COMPLETES FLOW-THROUGH FINANCING

First Lithium Minerals Corp. has completed its previously announced flow-through financing for gross proceeds of $75,000. The company issued 937,500 flow-through shares at an issue price of eight cents per share.

Finders' fees were paid, totalling $2,450 of cash and 30,625 finders' warrants, with each finder's warrant exercisable into a common share at an exercise price of eight cents per share for 18 months.

All securities issued under the offering will be subject to a hold period expiring four months and one day from the date of the closing.

Insiders of the company purchased 500,000 flow-through shares. The participation by the insider constitutes a related party transaction within the meaning of the policies of the Canadian Securities Exchange and Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying upon the exemptions from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a) and (b), and 5.7(1)(a), respectively, of MI 61-101, on the basis that neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves interested parties (within the meaning of MI 61-101) in the financing, exceeds 25 per cent of the company's market capitalization calculated in accordance with MI 61-101, and on the basis that no securities of the company are listed or quoted on a stock exchange as specified in MI 61-101.

About First Lithium Minerals Corp.

First Lithium Minerals is a Canadian mineral exploration and development company. The company is exploring for lithium and alkali metals at its 100-per-cent-owned Ascotan project, comprising approximately 1,775 hectares of mineral exploration concessions, located at the salar de Ascotan in the Antofagasta region of northern Chile. Two property-wide geophysical surveys identified priority exploration drill targets for potential brine mineralization. The company is currently planning its inaugural drilling program pending obtaining required drilling permits, licences and agreements. First Lithium Minerals is also exploring for gold and critical metals at its 100-per-cent-owned Lidstone project, comprising 17,300 hectares of mining claims in Northwestern Ontario, Canada.

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