TORONTO, ONTARIO, Jan 18, 2011 (Marketwire via COMTEX News Network) --

THISNEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOTINTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES ORDISSEMINATION TO THE UNITED STATES

Rodinia Lithium Inc. (TSXVENTURE:RM)(OTCQX:RDNAF) ("Rodinia" or the "Company") is pleased toannounce that it has entered into an agreement with a syndicate ofunderwriters led by Dundee Securities Corporation (the "LeadUnderwriter") and including Byron Capital Markets Ltd., MacquarieCapital Markets Ltd. and Raymond James Ltd. (the "Underwriters"),pursuant to which the Underwriters have agreed to purchase, on a boughtdeal basis, 17,250,000 units of the Company, at a price of
.58 perunit (the "Offering Price") for aggregate gross proceeds in the amountof $10,005,000 (the "Offering"). Each unit shall consist of one commonshare of the Company (a "Common Share") and one-half of one common sharepurchase warrant (each whole warrant, a "Warrant"). Each Warrant shallentitle the holder to acquire one Common Share at an exercise price of
.75 for a period of 18 months following the closing of the Offering.

TheCompany has agreed to grant the Underwriters an over-allotment optionto purchase up to an additional 2,587,500 Units at the Offering Price,exercisable in whole or in part, up to 48 hours prior to the closing ofthe Offering. If this option is exercised in full, an additional$1,500,750 will be raised pursuant to the Offering and the aggregategross proceeds of the Offering will be $11,505,750.

The Companyexpects to file a preliminary short form prospectus with the applicablesecurities regulatory authorities to qualify the Units for distributionon January 24, 2011.

The net proceeds are intended to be used tofund expenditures on Rodina's Diablillos property located in Argentinaand for general working capital purposes.

The Offering isexpected to close on or about February 8, 2011 and is subject to certainconditions, including but not limited to, the receipt of all necessaryregulatory and stock exchange approvals, including the approval of theTSX Venture Exchange and the applicable securities regulatoryauthorities.

In connection with the Offering, the Company hasagreed to grant the Underwriters a cash commission an amount equal to 6%of the Units sold pursuant to the Offering, excluding any proceedsraised from the sale of Units subscribed for by persons on a president'slist prepared by the Company, which shall not exceed more than 10% ofthe Offering (the "President's List"), for which a 3% cash commissionwill apply. In addition the Company shall issue the Underwriterscompensation warrants entitling the Underwriters to acquire that numberof Common Shares equal to 5% of the total number of Units sold pursuantto the Offering, excluding the Units subscribed for under thePresident's List (the "Compensation Warrants"). Each CompensationWarrant shall be exercisable to acquire a Common Share at a price equalto the Offering Price for a period of 18 months following the closing ofthe Offering.

This press release does not constitute an offer ofsecurities for sale in the United States. The securities being offeredhave not been, nor will be, registered under the United StatesSecurities Act of 1933, as amended, and may not be offered or soldwithin the United States absent U.S. registration or an applicableexemption from U.S. registration requirements. This press release shallnot constitute an offer to sell or the solicitation of an offer to buynor shall there be any sale of the Common Shares or Warrants in anyjurisdiction in which such offer, solicitation or sale would beunlawful.

About Rodinia Lithium Inc.:

Rodinia Lithium Inc.is a Canadian mineral exploration company with a primary focus onlithium exploration and development in North and South America. TheCompany is positioned to capitalize on the expected increase in demandfor lithium carbonate that is projected to result from the anticipatedparadigm shift to mass adoption and use of key lithium applications likelithium-ion batteries as well as glass ceramics, greases,pharmaceuticals etc.

Rodinia is currently exploring its ClaytonValley project in Nevada, USA, which surrounds the only lithium brineproducer in North America, and its Diablillos project in Salta,Argentina.

Please visit the Company's web site atwww.rodinialithium.com or write us at info@rodinialithium.com. Follow uson Twitter: http://twitter.com/RodiniaLithium.

The statementsmade in this Press Release may contain forward-looking statements thatmay involve a number of risks and uncertainties. Actual events orresults could differ materially from the Company's expectations andprojections.

Forward-Looking Information