PL First Potash Corporation

Pan American Lithium Corp. (TSX-V:PL) (Pink Sheets:PALTF) today announced that it has filed a Registration Statement on Form F-1 with the United States Securities and Exchange Commission (the "SEC") to register the resale and/or issuance of 24,699,751 shares of the Company's common stock. Subject to the Registration Statement being declared effective by the SEC, the Company intends to register under the United States Securities Exchange Act of 1934 and seek quotation of its common shares on either the OTCBB or the OTCQX.

On Behalf of the Board

PAN AMERICAN LITHIUM CORP.

/s/ Andrew Brodkey

Andrew A. Brodkey

President and CEO

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company, such as the statement that the Company intends to register under the Securities Exchange Act of 1934 and seek quotation of its common shares on either the OTCBB or the OTCQX. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) refusal of the SEC to declare the Registration Statement effective for any reason; (ii) inability to quote the Company's stock on the OTCBB or OTCQX for any reason; and (iii) inability to raise required financing or execute the Company's business plan. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company does not intend to update these forward-looking statements.

Neither 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.

CONTACT:  Crescendo Communications, LLC
          David K. Waldman
          John J. Quirk
          (212) 671-1020
          panam@crescendo-ir.com