Executive Team

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TSX: CLQ; U.S. OTCQX: CLQMF


TORONTO, Feb. 26, 2013 /CNW Telbec/ - Canada Lithium Corp. (TSX: CLQ)
(OTCQX: CLQMF) announced today several executive and Board appointments
as it completes the transition of its Quebec Lithium mine and process
plant near Val d'Or, Quebec, from the construction and commissioning
phase to producer status.


The appointments are as follows:



Peter Secker will assume a key strategic role as the Company's new
Deputy Chairman of the Board of Directors; he continues as Chief
Executive Officer;


Chief Operating Officer Charles Taschereau has been appointed President
of Canada Lithium Corp.;


Halina McGregor, a former VP, Finance, and CFO of Goldcorp and, prior to
that, Senior VP, Finance, and CFO of Sherritt International Corp., has
been appointed Canada Lithium's Vice President, Finance.


Ernie Eves, a former Premier of Ontario, will become a member of the
Canada Lithium Board of Directors.






Commenting on the senior management appointments, Chairman Kerry Knoll
noted that, with the Quebec Lithium mine and plant nearing production,
the Company is preparing for the next stage in its growth.


"We anticipate the Val d'Or operation holds the potential to provide a
stable, long-term platform enabling the Company to capture growth
opportunities. In the near term, these include the potential to
produce downstream value-added products such as lithium hydroxide and
lithium metal."


Mr. Knoll added that "Mr. Secker will increasingly focus on
implementation of the Company's strategic goals of expanding the
product offering and, given his considerable experience in China and
the Far East, nurturing strategic relationships and partnerships in the
lithium sector."


Mr. Taschereau, who joined Canada Lithium in September 2010, has been
responsible for the development of the $207-million Quebec mine and
plant. He will oversee the transition from mine development to mine and
plant operations. First production of lithium carbonate is expected
late in the first quarter of this year and full production at an annual
rate of 20,000 tonnes is anticipated to be achieved by late 2013.


Prior to joining Canada Lithium, Mr. Taschereau was Vice President of
IAMGOLD, in charge of the development and operation of the
US$450-million Essakane Project in Burkina Faso. Mr. Taschereau has
more than 20 years of experience in operations and project development
for various mining companies, including positions as Plant Manager,
General Manager, Regional Manager and VP Operations. Mr. Taschereau has
a Masters degree in Mining Engineering and an MBA.


The Company appointed Ms. McGregor as Vice President, Finance, to the
senior management team. Ms. McGregor, a Chartered Accountant, has been
Vice President, Finance, and CFO with such major companies as Goldcorp
Inc., a North American-based gold producer listed on the Toronto and
New York Stock Exchanges; and Sherritt International Corp., a
diversified natural resource company listed on the TSX with businesses
in nickel/cobalt, oil and natural gas, power and coal. More recently,
Ms. McGregor served as CFO of Calyx Transportation, a 1,000-employee
logistics and transportation firm that operates a network across
Canada, the U.S. and Mexico. A McGill University graduate, Ms. McGregor
is fluently bilingual.


Mr. Knoll also welcomed Mr. Eves to the Board of Directors:


"Mr. Eves is a very timely addition to our Board as we approach the
production phase of our Quebec Lithium Project," Mr. Knoll said. "He
has a wealth of experience in both the private and public sectors, a
seasoned understanding of Canadian capital markets, coupled with a
background in law."


Mr. Eves was a member of the Provincial Parliament of Ontario for nearly
24 years, and served in numerous legislative capacities including
Minister of Finance, Deputy Premier, and Ontario's 23rd Premier.


A lawyer by profession, Mr. Eves is a graduate of Osgoode Hall Law
School and was called to the bar in 1972. He was appointed a Queen's
Counsel in 1983.


About Canada Lithium Corp.


The Company holds a 100% interest in the Quebec Lithium Project near Val
d'Or, the geographical heart of the Quebec mining industry. It has
completed construction and is in the commissioning phase of an open-pit
mine and on-site processing plant with estimated capacity to produce
approximately 20,000 tonnes of battery-grade lithium carbonate
annually. Metallurgical tests have produced battery-grade lithium
carbonate samples. A five-year off-take agreement for a minimum of
12,000 tonnes per year was recently signed with Tewoo-ERDC, one of
China's largest commodities traders. A second off-take for up to 5,000
tonnes per year was recently signed with Marubeni Corp., a major
Japanese commodities trading company. Lithium carbonate is used in
lithium-ion batteries that power consumer electronics (laptops,
tablets, etc.), power-grid storage facilities and electric and hybrid
vehicles. The Company trades under the symbol CLQ on the TSX and on
the U.S. OTCQX under the symbol CLQMF.


Cautionary Statement Regarding Forward-Looking Information


This press release contains "forward-looking information" within the
meaning of Canadian securities legislation. Forward-looking information
is based upon the Company's beliefs, estimates and opinions as at the
date of this press release, which the Company believes are reasonable,
but no assurance can be given that these will prove to be correct.
Furthermore, the Company undertakes no obligation to update or revise
forward-looking information contained herein if these beliefs,
estimates and opinions or other circumstances should change, except as
otherwise required by applicable law.


Forward-looking information relates to future events or to future
conditions, performance or results of operations and reflects current
expectations or beliefs regarding such matters including, but not
limited to, information or statements with respect to: (i) the amount
of mineral resources; (ii) exploration, development and production
activities, including information regarding the potential
mineralization and resources; (iii) the amount of future output over
any period; (iv) net present value and internal rates of return of the
mining operation; (v) assumptions relating to capital costs, operating
costs and other cost metrics; (vi) assumptions relating to gross
revenues, operating cash flow and other revenue metrics; (vii)
assumptions relating to future price and demand for lithium and other
macroeconomic metrics; (viii) exploration and development plans,
including anticipated costs and timing thereof, time frames for
completion, and anticipated time to production; (ix) mine potential and
expected mine life; and * sources of and anticipated financing
requirements.


All information other than matters of historical fact may be
forward-looking information. In some cases, forward-looking information
can be identified by the use of words such as "seek", "expect",
"anticipate", "budget", "plan", "project", "estimate", "assume",
"continue", "forecast", "intend", "believe", "predict", "potential",
"target", "strategy", "goal", "may", "could", "would", "might", or
"will" and similar words or phrases (including negative variations)
suggesting future outcomes or statements regarding an outlook.


Forward-looking information is based upon certain assumptions by the
Company or its consultants and other important factors that, if untrue,
could cause the actual results, performances or achievements of the
Company to be materially different from future results, performances or
achievements expressed or implied by such information. Such information
is based on numerous assumptions regarding present and future business
strategies and the environment in which the Company will operate in the
future, including the price of lithium, anticipated costs and ability
to achieve goals. Certain important factors that could cause actual
results, performances or achievements to differ materially from those
in the forward-looking information include, but are not limited to: (i)
required capital investment and estimated workforce requirements; (ii)
estimates of net present value and internal rates of return; (iii)
future demand and market prices for lithium; (iv) receipt of regulatory
approvals on acceptable terms within commonly experienced time frames;
(v) anticipated timelines for the commencement of production; (vi)
anticipated timelines for community consultations and the impact of
those consultations on the regulatory approval process; and (vii)
future exploration plans and objectives.


By its nature, forward-looking information involves known and unknown
risks, uncertainties and other factors which may cause actual results,
performance or achievements, or industry results, to differ materially
from those expressed or implied by such forward-looking information.
Some of the risks and other factors that could cause actual results to
differ materially from those expressed in the forward-looking
information contained in this press release include, but are not
limited to, risks and uncertainties relating to: (i) the interpretation
of drill results, the geology, grade and continuity of mineral deposits
and conclusions of economic evaluations; (ii) results of feasibility
studies, and the possibility that future exploration, development or
mining results will not be consistent with the Company's expectations,
(iii) the outcome of litigation in which the Company is or may in the
future become involved; (iv) risks relating to possible variations in
reserves, grade, planned mining dilution and ore loss, or recovery
rates and changes in project parameters as plans continue to be
refined; (v) mining and development risks, including risks related to
accidents, equipment breakdowns, labor disputes (including work
stoppages and strikes) or other unanticipated difficulties with or
interruptions in exploration and development; (vi) risks related to the
inherent uncertainty of production and cost estimates and the potential
for unexpected costs and expenses; (vii) risks related to future
commodity demand and price and foreign exchange rate fluctuations;
(viii) the uncertainty of profitability based upon the cyclical nature
of the industry in which the Company operates; (ix) risks related to
failure to obtain adequate financing on a timely basis and on
acceptable terms or delays in obtaining governmental approvals or in
the completion of development or construction activities; * risks
related to environmental regulation and liability; (xi) political and
regulatory risks associated with mining and exploration; (xii) risks
related to the uncertain global economic environment; and (xiii) other
risks and uncertainties related to the Company's prospects, properties
and business strategy. Although the Company has attempted to identify
important factors that could cause actual results or events to differ
materially from those described in the forward-looking information,
readers are cautioned that this list is not exhaustive and there may be
other factors that the Company has not identified. Readers are
cautioned not to place undue reliance on forward-looking information
contained in this press release. All forward-looking information
contained in this press release or incorporated by reference herein is
expressly qualified by this cautionary note.



SOURCE: Canada Lithium Corp.



For further information:



Peter Secker, President and CEO (416) 361-2821

Olav Svela, Director, Investor Relations (416) 361-2821 or (416) 479-4355 or email osvela@canadalithium.com

Christine Stewart, Renmark Financial Communications Inc. (416) 644-2020 or email cstewart@renmarkfinancial.com

Please visit the Canada Lithium website at

Corporate Office: 401 Bay Street, Suite 2010, Box 118, Toronto, ON, M5H 2Y4