Rodinia Lithium to Participate in San Francisco Hard Assets Conference November 27-28, 2011
22 Noviembre 2011 - 7:00AM
Marketwired
Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX
VENTURE:RM)(OTCQX:RDNAF), will be exhibiting at the 2011 San
Francisco Hard Assets Conference at the San Francisco Marriott
Marquis from Sunday, November 27 to Monday, November 28, 2011.
Rodinia encourages its shareholders and all interested parties
to come by booth #616 and learn more about the Company's projects
in Argentina and Nevada. The Company hopes shareholders will take
this opportunity to speak with representatives about its recently
announced Preliminary Economic Assessment for the Salar de
Diablillos property in Salta, Argentina, which showed a 36% IRR and
up to $964 million net present value. (See Press Release dated
November 7, 2011.)
Exhibition Hours:
Sunday, November 27th: 8:30 am - 6:00 pm
Monday, November 28th: 8:30 am - 6:00 pm
More information on the San Francisco Hard Assets Conference,
and how to attend, can be found at the conference website address
www.hardassetssf.com.
In addition, the Company announces that it has granted an
aggregate of 1,475,000 stock options of the Company (the "Options")
to certain officers, directors and consultants of the Company. The
Options shall have an exercise price of $0.24 and shall expire on
November 21, 2016. The Options remain subject to receipt of all
necessary regulatory approvals, including the approval of the TSX
Venture Exchange and remain subject to the statutory four month
hold period until March 22, 2012.
About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and
development company with a primary focus on Lithium exploration and
development in North and South America. The Company is also
actively exploring the commercialization of a significant Potash
co-product that is expected to be recoverable through the lithium
harvesting process.
Rodinia's Salar de Diablillos lithium-brine project in Salta,
Argentina, contains a recoverable resource of 2.82 million tonnes
lithium carbonate equivalent and 11.27 million tonnes potassium
chloride equivalent. The project contains a recoverable inferred
resource of 952,553,000 m3 grading 556 mg/L lithium and 6,206 mg/L
potassium. Throughout 2011, Rodinia will focus on continuing to
develop the Diablillos project by completing additional drilling
and advancing through scoping study.
The Company also holds 100% mineral rights to approximately
70,000 acres in Nevada's lithium-rich Clayton Valley in Esmeralda
County, and is currently in the process of assessing the size,
quality and processing alternatives of this deposit. The Clayton
Valley project is located in the only known lithium-brine bearing
salt lake in North America, and looks to represent the only new
source for domestic lithium carbonate supply.
The Projects are supervised by Ray Spanjers, Rodinia's Manager
of Exploration. Mr. Spanjers is considered a Qualified Person, as
defined by National Instrument 43-101 and has reviewed and approved
the scientific and technical information contained in this press
release.
Please visit the Company's web site at www.rodinialithium.com or
write us at info@rodinialithium.com.
Cautionary Notes
Except for statements of historical fact contained herein, the
information in this press release constitutes "forward-looking
information" within the meaning of Canadian securities law. Such
forward-looking information may be identified by words such as
"plans", "proposes", "estimates", "intends", "expects", "believes",
"may", "will" and include without limitation, statements regarding
the impact of the drill program at the Diablillos property and
results of such drill program; the potential of the Diablillos
property; results of the preliminary economic assessment, the
potential results and timetable for further exploration with
respect to the Clayton Valley project and the Diablillos property,
the timetable with respect to future acquisitions and exploration
developments at Clayton Valley and Diablillos, timetable for
further exploration, analysis and development, title disputes or
claims; and governmental approvals and regulation. There can be no
assurance that such statements will prove to be accurate; actual
results and future events could differ materially from such
statements. Factors that could cause actual results to differ
materially include, among others, metal prices, competition,
financing risks, acquisition risks, risks inherent in the mining
industry, and regulatory risks. Most of these factors are outside
the control of the Company. Investors are cautioned not to put
undue reliance on forward-looking information. Except as otherwise
required by applicable securities statutes or regulation, the
Company expressly disclaims any intent or obligation to update
publicly forward-looking information, whether as a result of new
information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
Contacts: Investor Cubed Inc. Investor Relations +1 (647)
258-3311 Rodinia Lithium Inc. Aaron Wolfe Vice-President, Corporate
Development +1 (416)
309-2696info@rodinialithium.comwww.rodinialithium.com
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