Lithium Corporation Initiates Drill Permitting at Fish Lake Valley Prospect

Lithium Corporation (OTCBB: LTUM) (the 'Company', or 'Lithco?) is
pleased to announce it has recently submitted a drilling permit
application to the BLM field office in Tonopah, Nevada.

The permit makes provision for the drilling of up to 13 RC drill holes
with depths in the order of around 1000 feet, on its Fish Lake Valley
lithium brine property in Esmeralda County, Nevada. Lithco is currently
in discussions with drill contractors, and intends to commence drilling
sometime in early October.

Lithium Corporation has given notice to Cerro Rico Ventures LLC. of its
decision to terminate the option agreement on the Fish Creek lithium
clay prospect in Lander County, Nevada. After conducting geological and
geochemical surveys earlier this year, the Company believes that its
shareholders are better served by focusing entirely on high quality
lithium brine prospects due to the more favorable economics presented by
this deposit type.

For further information please contact Tom Lewis of Lithium Corporation
at (888) 299-3989 or via email at info@lithiumcorporation.com

About Lithium Corporation

Lithium Corporation is an exploration company based in Nevada devoted to
the exploration for new lithium resources within the state of Nevada.
The Company explores and develops potentially economic lithium-enriched
brine fields, with an eye to becoming a long-term producer of this
increasingly strategic and economically important commodity.

Forward-Looking Statements

Included in this release are certain 'forward-looking' statements
involving risks and uncertainties which are intended to conform to the
safe harbor provisions of the Private Securities Litigation Reform Act
of 1995, including statements regarding the Company's financial
performance. Such statements are based on management's current
expectations and are subject to certain factors, risks and uncertainties
that may cause actual results, events and performance to differ
materially from those referred to or implied by such statements. In
addition, actual future results may differ materially from those
anticipated, depending on a variety of factors, sales and earnings
growth, ability to attract and retain key personnel and general economic
conditions, including uncertainties relating to global political
conditions, such as terrorism. Information with respect to important
risk factors that should be considered may be contained in the Company's
Annual Report on Form 10-K and its Reports on Form 10-Q to be filed with
the U.S. Securities and Exchange Commission. Readers are cautioned not
to place undue reliance on these forward-looking statements, which speak
only as of the date hereof. The Company does not intend to update any of
the forward-looking statements after the date of this release to conform
these statements to actual results or to changes in its expectations,
except as may be required by law.

Lithium Corporation

Tom Lewis, (888) 299-3989

info@lithiumcorporation.com