Rodinia Lithium Inc. Closes Strategic Private Placement With China's Largest Li-ion Battery Materials Provider

Rodinia Lithium Inc.

TSX VENTURE: RM
OTCQX: RDNAF

Nov 29, 2010 07:30 ET

- Strategic Investor, Shanshan, Is One of the Leading Lithium-ion Battery Materials Providers in China and Is a Significant End User of Battery Grade Lithium Carbonate

- Shanshan Now Owns Approximately 7.6% of the Basic Common Shares Outstanding (of Rodinia Lithium)

- Private Placement Completed at a Premium to Market
(Rodinia LIthium Property in Clayton Valley Nevada)

TORONTO, ONTARIO--(Marketwire - Nov. 29, 2010) - Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM)(OTCQX:RDNAF), is pleased to announce that it has closed its previously announced non-brokered private placement financing of common shares of the Company ("Common Shares") at a price of $0.55 per Common Share for gross proceeds of $1,397,000. One strategic investor, Hong Kong Shanshan Resources Co., Ltd., a wholly-owned subsidiary of Ningbo Shanshan Co., Ltd. (SHA:600884; "Shanshan") has subscribed for the entire placement of 2,540,000 Common Shares (the "Private Placement").
Established in 1992 in Zhejiang province, China, Ningbo Shanshan Co., Ltd. is focused on two core business verticals: a) garment manufacturing and sales, and b) lithium-ion battery materials. After 10 years of development, Shanshan has become one of China's largest lithium-ion battery materials providers.

Rodinia intends to use the net proceeds from this private placement to continue the development of its key projects and for working capital purposes. Will Randall, President and CEO of Rodinia Lithium said "We expect that these funds, along with funds previously raised, will allow us to aggressively pursue development of Diablillos and to further our goal of delineating an NI 43-101 compliant resource on the property in the coming months. We are excited by the opportunity to work and consult with a leading lithium carbonate end user to unlock the value of our flagship Diablillos and Clayton Valley projects for the benefit of all Rodinia shareholders. It was a pleasure to have representatives of Shanshan visit our Diablillos property last month and we hope to continue developing our relationship."

Pursuant to the terms of the Private Placement, Shanshan has the right, subject to certain conditions, to nominate one director to the board of Rodinia. Upon completion of the Private Placement, and together with shares already owned prior to the Private Placement, Shanshan will own 5,140,000 Common Shares of the Company, representing approximately 7.6% of issued and outstanding Common Shares of the Company. In addition, Shanshan holds 1,300,000 common share purchase warrants of the Company, which upon exercise would result in Shanshan holding approximately 9.5% of the Company.

The Common Shares will be subject to statutory resale restrictions expiring on March 26, 2011. Closing of the private placement is subject to receipt of all necessary regulatory approvals, including final TSX Venture Exchange approval.

About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. The Company is positioned to capitalize on the expected increase in demand for lithium carbonate that is projected to result from the anticipated paradigm shift to mass adoption and use of key lithium applications like lithium-ion batteries as well as glass ceramics, greases, pharmaceuticals etc.

                                                                         Rodinia's SalarDe Diabillos

Rodinia is currently exploring its Clayton Valley project in Nevada, USA, which surrounds the only lithium-brine producer in North America, and its Diablillos project in Salta, Argentina.

Company's web site  www.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 proposed financing, the anticipated timing and impact with respect to the potential financing, the involvement of the strategic investor, the impact of the financing on the Company, drill program at Diablillos, the potential of the Diablillos property; 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.

For more information, please contact
Investor Cubed Inc.
Neil Simon
+1 (647) 258-3311
or
Rodinia Lithium Inc.
Aaron Wolfe
Vice-President, Corporate Development
+1 (416) 309-2696
info@rodinialithium.com
www.rodinialithium.com

Click here to see all recent news from this compan

See also:
Lithium producers prospering - where to invest  
Conviction stock picks - Rodinia Lithium
China charges into Electric Vehicle market
Rodina Lithium to present alongside major auto and battery makers at U.S. conference
Lithium demand will increase four fold by 2017

Lithium-Ion to be used in resistors for use in battery chargers, current regulators, dc-to-dc converters, electronic scales, motor controls, power tools, power supplies, pressure sensors, and voltage regulators in military/aerospace, medical, and industrial applications.

SOURCE: Vishay Precision Group

 

Nov 29, 2010 11:26 ET

VPG Releases Improved Bulk Metal^® Power Current Sensing Resistors With 3 A and 15 A Maximum Current, TCR to 15 ppm/deg. C, Resistive Tolerance to 0.1%, and Four Leads for a Kelvin Connection

Devices Offered in Two Configurations for Medium-Power Current Sensing and Low-Ohm, High-Power Resistive Shunt Resistors

MALVERN, PA--(Marketwire - November 29, 2010) - Vishay Precision Group, Inc. (NYSE: VPG) today announced that its Vishay Foil Resistors division has released three improved Bulk Metal^® power current sensing resistors with TCR of 20 ppm/deg. C (available to 15 ppm/deg. C), resistive tolerance to 0.1%, load life stability of 0.5% at +25 deg. C for 2000 hours at rated power, and four leads for a Kelvin connection. Available in two configurations, the VCS101 and VCS103 serve as medium-power current sensing resistors, while the VCS401 is optimized as a low-ohm, high-power resistive shunt.

The VCS101 and VCS401 offer power ratings of 1 W at 25 deg. C and a 15 A and 3 A maximum current, respectively, while the VCS103 features a 1.5 W power rating and 15 A maximum current. All devices feature a resistance range from 0.005 to 0.25 ohms. Vishay Foil resistors are not restricted to standard values and specific "as required" values (e.g. 0.123 ohms vs. 0.1 ohm) can be supplied at no extra cost or delivery.
The devices released today feature a maximum operating temperature of +175 deg. C, a rise time of 1.0 ns, with effectively no ringing, thermal EMF of 0.1 microvolt/deg. C typical, and a voltage coefficient of less than 0.1 ppm/V. The VCS101, VCS103, and VCS401 offer a non-inductive, non-capacitive design to minimize hot spots.

Typical end for the resistors will include battery chargers, current regulators, dc-to-dc converters, electronic scales, motor controls, power tools, power supplies, pressure sensors, and voltage regulators in military/aerospace, medical, and industrial applications.

The need to measure the flow of current in electronic systems is becoming increasingly widespread. Reasons for this include the growth of portable, battery-powered products, which increase the need to minimize energy usage and improve efficiency. The drive for more features and less frequent recharging has led to lithium-ion, with its superior energy density, becoming the preferred technology. The task of charging a lithium-ion battery is, however, more demanding than for earlier types. This has given rise to the development of charger controller ICs, which regulate the current and voltage within the tight limits required.

There are two problems traditionally associated with using a resistor to measure current: temperature sensitivity at high currents and long thermal stabilization time when power changes. Vishay Foil Resistors' current sensing devices tackle both of these problems. Current sensing is best achieved with a Kelvin connection, as featured with the VCS101, VCS103, and VCS401, which removes the unwanted influences of lead resistance and lead sensitivity to temperature. A Kelvin connection reduces, especially for low ohmic resistance values, measurement errors due to the resistance of the lead wires and the solder joints as the sensing is performed inside the resistor, in or close to the active resistive element.

Of the commonly used methods of measuring the magnitude of electrical current, this current sensing resistor method provides the most precise measurement. According to Ohm's law, V = IR, the voltage drop measured across a resistor is proportional to the current flowing through the resistor. With the known value of the resistance R, the voltage drop sensed on the resistor indicates the intensity of the current flowing through it.

Assuming an ideal current sense resistor that doesn't change its resistance value when there is a change in the magnitude of the current or a change in environmental conditions, like the ambient temperature or self heating, the measured voltage drop will yield a precise value of the current: I = V/R. But with a real-life resistor, such as a metal film resistor, a change in current intensity (and in the dissipated power) will cause a change in the resistor's value, which will involve a thermal transient period taking a few seconds or longer to stabilize. Therefore, the key to a fast and precise measurement of current is the use of a real-life current sensing resistor like the VCS101, VCS103, or VCS401, which approach, as closely as possible, an ideal resistor. That is, a resistor that is not influenced by changes in the magnitude of the current flowing through it, or by changes in ambient temperature or any other environmental condition.

Samples and production quantities of the new current sensing resistors are available now, with lead times of five days for samples, and eight weeks for standard orders.

Further information about the VCS101, VCS103, VCS401, and other Vishay Foil Resistors products is available at www.foilresistors.com. Follow Vishay Foil Resistors at http://twitter.com/VishayFoil.
 

About Vishay Foil Resistors
Vishay Foil Resistors is a division of Vishay Precision Group, producing the most precise and stable type of resistors available. The portfolio comprises products in a variety of resistor configurations and package types to meet the needs of a wide range of applications: discrete resistors and resistor networks in surface mount and through-hole (leaded) configurations; customized chip resistor networks; precision trimming potentiometers; and discrete chips for use in hybrid circuits. The foil resistors and current sensors are used in applications requiring a high degree of precision and stability, such as in medical testing equipment, high performance audio equipment, precision measuring instruments and aerospace and military applications. 

About Vishay Precision Group
Vishay Precision Group (VPG) produces sensors based on precision resistive foil technology, and sensor-based systems. It provides vertically integrated products and solutions for multiple growing markets in the areas of stress, force, weight, pressure and current measurements. As a spin-off from Vishay Intertechnology, VPG's decades-long track record encompasses innovations in foil precision resistors, current sensors, and strain gages, which have served as a foundation for VPG's more recent expansion into strain gage instrumentation, load cells and transducers, weighing modules and complete systems for process control and on-board weighing. Vishay Precision Group may be found on the Internet at www.vishaypg.com.
Link to product datasheet:
http://www.vishaypg.com/doc?63016 (VCS101, VCS103, VCS401)
Link to product photo:
http://www.flickr.com/photos/47034298@N02/5100413952/

Click here to see all recent news from this company

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Latin American Minerals consolidates burgeoning gold property in Paraguay.

Image via Wikipedia  Nov 2010 by Marketwire

Latin American Minerals Consolidates 100 Square km Epithermal Gold System by Acquiring 70% Interest in Minera Guaira Trend

 Latin American Minerals Inc. (TSX VENTURE: LAT) (the "Corporation") announces that it has exercised its option to acquire a 70% interest in the mining license (the "License") held by Minera Guaira S.A. ("Minera Guaira") near Paso Yobai, Paraguay.

Upon Minera Guaira receiving final government approval to the transfer of this 70% interest in the License to the Corporation's Paraguayan wholly owned subsidiary, the Corporation is required to release from escrow the final option payment to Minera Guaira of approximately US$1.26 million, expected to occur within 45 days. The parties will then enter into a 70/30 joint venture agreement with the Corporation as operator. The party that does not contribute its pro-rata share of costs will be diluted on a straight line basis. The party whose interest is diluted to 15% or less will automatically be reduced and converted to a 1% interest (this interest is required under the terms of the License and is to be non-participating) and will receive a 3% net smelter returns royalty.

The property that is subject to the License, and which is fully permitted for mining, covers the "Discovery Trend" where the Corporation has excavated 11 mechanical trenches comprising 450 metres and 47 diamond drill holes totalling 6,600 metres, returning up to 26.6 gpt gold over 6.5 metres. This work has confirmed the continuity of the gold mineralization to a depth of 100 metres and remains open to depth. Sampling is currently in progress in order to better quantify the grades and potential gold recovery values that can be expected for this deposit, using a laboratory scale rod mill and Falcon L40 gravity concentrator.

The Corporation also holds 100% of the exploration concessions to the north of the Discovery Trend (the "Northern Trend"), where initial auger hole testing has demonstrated gold values similar to those of the Discovery Trend. The two trends combined produce a large footprint gold system measuring approximately 9 km x 11 km, or approximately 100 square kilometers.

Miles Rideout, the President and CEO of Latin American Minerals stated 'This is a very positive step to consolidate the properties of this extensive, emerging epithermal gold system. The support we have consistently received from Minera Guaira during the 3 1/2 years of our Option Agreement is acknowledged and appreciated.'

In conjunction with the decision to exercise the option with respect to the License, the Corporation formally terminated the option agreement with Minas Paraguay S.A. in connection with its mining license following a careful review of the exploration results on this property.

The Corporation further announces the grant of stock options to acquire 1.1 million common shares to its Chairman Richard Boulay. The stock options are exercisable at $0.18 per share, with a term of five years and subject to the Corporation's standard vesting schedule.

Dr. Waldo Perez is the Corporation's internal "Qualified Person" under the requirements of National Instrument 43-101.

About the Company:
Latin American Minerals is a mineral exploration company that intends to develop its large Paso Yobai gold project in Paraguay.

The statements made in this press release that are not historical facts contain forward-looking information that involves risk and uncertainties. All statements, other than statements of historical facts, which address Latin American Minerals' expectations, should be considered forward-looking statements. Such statements are based on management's exercise of business judgment as well as assumptions made by and information currently available to management. When used in this document, the words "may", "will", "anticipate", "believe", "estimate", "expect", "intend" and words of similar import, are intended to identify any forward-looking statements. You should not place undue reliance on these forward-looking statements. These statements reflect our current view of future events and are subject to certain risks and uncertainties as contained in Latin American Minerals' filings with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results could differ materially from those anticipated in these forward-looking statements. We undertake no obligation, and do not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of any unanticipated events, unless required under applicable securities laws. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize.

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:
Latin American Minerals Inc.
Miles Rideout
President and CEO
Argentina: (54-261) 439-9268
Toronto: (1-416) 902-8558 or 360 1921
www.latinamericanminerals.com

SOURCE: Latin American Minerals Inc. 

 Notes:
 Latin American Minerals (CVE-LAT) owns 25% of  Lithium Americas Corp (CVE-LAC)

Carbon Sciences Announces Successful Performance Testing of Company’s Proprietary Catalyst , for transforming greenhouse gases into pure gasoline.

Novel Catalyst Is Key to Transforming Greenhouse Gases into Gasoline

Santa Barbara, CA - November 22, 2010 - Carbon Sciences, Inc. (CABN), the developer of a breakthrough technology to transform greenhouse gases into gasoline and other portable fuels, today announced the successful performance testing of its novel catalyst.

“In August of this year, we successfully synthesized the raw catalyst, a vital step in the development process. Now, we have tested the catalyst and it works as planned. This performance validation is a major milestone for us in demonstrating the commercial feasibility of our breakthrough technology,” said CEO Byron Elton. “The results from our laboratory tests have been very encouraging and represent an important step forward in our quest to make gasoline without using crude oil,” he added.

“From literally thousands of options, we have narrowed down our choice to two catalyst designs. More importantly, our rigorous testing shows that the catalysts work in accordance with earlier computer simulations,” said Dr. Naveed Aslam, the company’s Chief Technology Officer.

Dr. Aslam continued, “The key features we have confirmed in our tests are high conversion efficiency and potential for catalyst longevity, which translates directly into commercial viability. High conversion efficiency means lower capital cost to produce substantial quantities of fuel. Longevity means that our systems will not require frequent shutdown for maintenance and catalyst cleaning. These are the primary challenges faced by previous industry attempts. Our initial laboratory results lead us to believe that we will be able to overcome these challenges at commercial scale. Lastly, unlike catalysts previously considered by others, our catalysts are designed using common metals that are plentiful and inexpensive.”
 

The United States consumes 140 billion gallons of gasoline each year and spends nearly a billion dollars per day on foreign oil. Carbon Sciences estimates that its technology, when commercialized, can be used to meet all the country’s gasoline requirements using just 23 trillion cubic feet of natural gas and 586 million tons of CO2 without using a single drop of crude oil or competing with current natural gas consumption. 

“The successful commercialization of our technology will address the global fuel crisis, result in domestic energy independence and will create millions of green jobs to power America and revitalize our economy,” said Elton. “Because we are using significant amounts of CO2 in the process that would otherwise be emitted into the atmosphere, it is an environmentally friendly technology,” he added.

About Carbon Sciences, Inc.

Carbon Sciences Inc. is developing a breakthrough CO2 based gas-to-liquids technology to transform greenhouse gases into liquid portable fuels, such as gasoline, diesel and jet fuel. Innovating at the forefront of chemical engineering, we are developing highly scalable clean-tech processes to produce liquid fuels from naturally occurring or human-made greenhouse gas emissions. From sources such as natural gas fields, refinery flare gas, landfill gas, municipal waste, algae and other biomass, there is an abundant supply of inexpensive feedstock available to produce large and sustainable quantities of liquid fuel to replace petroleum for global consumption, thereby eliminating our dependence on petroleum. To learn more about the Company, please visit our website at http://www.carbonsciences.com.

Subscribe to the Carbon Sciences Newsletter

To receive news about our industry and Carbon Sciences on a regular basis, please subscribe to our newsletter.

---

Safe Harbor Stmt: Matters discussed in this press release contain statements that look forward within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such statements that look forward. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the statements that look forward contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These statements that look forward are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.


Previous Articles:
Carbon Recycling will help power the future
Carbon Sciences files second patent in GTL technology

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L.A. Auto Show latest to showcase electric cars and hybrid electric vehicles

Electric cars have been a hot topic in automotive business circles for years now. At this years auto shows, every major manufacturer of automobiles was showcasing it's version of either an all electric car, a hybrid gas/electric car or both.

As I have reported in previous posts, scientists, engineers, technicians and lab rats from all of the world are at this writing, building and tweaking lithium based batteries to get more power, distance and energy as well as reduce the time of charge.

Image via WikipediaThe higher energy storage capacity and efficiency of Lithium ion and other lithium based batteries is now, without question.

However battery companies are working on all aspects of making lithium batteries more efficient, including restructuring and revamping the engineering for more performance.



Here is a great video regarding one such lab in Munich, Germany where engineers are tweaking battery performance and getting great results.

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Lithium producers prospering as price, and demand, increases globally.

MPhase Technologies Inc. Successfully Activates First Functional Multi-Cell Smart Nano Battery

Marketwire
 

mPhase Technologies, Inc. (OTCBB: XDSL) reports that it has successfully triggered and activated its first functional multi-cell Smart Nano Battery.


Triggering and activation of the cells of the battery were achieved by using a technique called electrowetting, which gives the mPhase reserve battery one of its key attributes -- programmable triggering.

Triggering using this approach was accomplished by applying a brief pulse of electrical energy to a porous, smart surface membrane, located inside each cell in the battery, which caused the electrolyte to come in contact with the cell's electrodes, creating the chemical reaction to produce voltage inside the cell of the multi-cell battery.

The mPhase multi-cell battery consists of a matrix of 12 individual cells populated with an electrode stack consisting of lithium and carbon monofluoride materials (Li/CFx), with each cells rated at 3.0 volts. Using a specially designed circuit board for testing and characterization studies, each of the cells in the battery were independently triggered and activated without affecting any of the non-activated cells in the multi-cell configuration. Because of the unique design of the multi-cell battery, each cell in the battery has very long shelf until it is triggered. 

The development of the Smart NanoBattery has been undertaken with funding support from a Phase II STTR Army award.

About mPhase Technologies, Inc. mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and microfluidics. Our Smart Surface technology has potential applications within drug delivery systems, lab-on-a-chip analytic systems, self-cleaning systems, liquid and chemical sensor systems, and filtration systems. mPhase has pioneered its first Smart Surface enabled product, the mPhase Smart NanoBattery.

In addition to the Smart Surface technology, mPhase recently introduced its first product, the mPower Emergency Illuminator, an award-winning product designed by Porsche Design Studio and sold via the mPower website: http://www.mpowertech.com.

More information about the company can be found at http://www.mPhaseTech.com.
------------------------------------------------------------------------------------
Forward-Looking Statements
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. mPhase assumes no obligation to update the information in this release.

Contact

mPhase Technologies, Inc
973-256-3737

SOURCE: mPhase Technologies

Ron Durando

Chief Operating Officer, Microphase Corporation

Ron Durando is a long time, successful entrepreneur.  He has a background in both engineering and corporate finance.  Ron has been Chief Operating Officer of Microphase since 1994.  When he joined Microphase, he worked with founder Ned Ergul to revive the corporation and adjust both its mission and operating style to accommodate changes in the market.  He was instrumental in turning around the company and has doubled its revenues during his tour as Chief Operating Officer.

Ron started and successfully ran an RF Contract Manufacturing based in China in from August 1996 until December 2008.  The company grew from 6 employees operating in 6500 sq feet to over 1000 employees at it’s peek in a 150,000 square foot facility.

In October 1996 he founded mPhase Technologies, Inc.  He has been its President and Chief Executive Officer since the company’s inception.  Under Ron’s leadership mPhase produced and sold a very successful line of DSL components and he has now completed the transition of mPhase into a battery technology company that is now developing an innovative battery technology based upon breakthroughs in Microfludics and Nanotechnology.

Click here for: The Science behind the nano battery!

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Rodinia Lithium Inc. Contracts AMEC to Provide Independent Resource Estimate for Diablillos Project

6 hours ago by Marketwire
 

Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX V: RM) (OTCQX: RDNAF),

is pleased to announce that it has engaged AMEC Internacional Ingenieria y Construccion Limitada ("AMEC") to prepare an initial mineral resource estimate and National Instrument 43-101 compliant independent technical report with respect to the Salar de Diablillos lithium-brine project located in Salta, Argentina ("Diablillos" or the "Project").

AMEC is an international engineering consulting firm with world wide experience that includes estimating mineral resources at certain Chilean salars and experience in several lithium projects, including previous work on Diablillos itself. AMEC's staff of highly qualified engineers and geologists are available to begin working on the project immediately.

Will Randall, President and CEO of Rodinia, commented "we are very pleased to have a firm with AMEC's reputation and depth of qualified professionals preparing the resource estimate for Diablillos. This will be the Company's first lithium resource estimate and one of the few NI 43-101 compliant lithium resource estimates completed to date. Having the opportunity to work with a group of AMEC's stature is a vote of confidence for the work we have completed to date. The entire Rodinia team is eager to deliver this significant milestone in the Company's development."

AMEC's team of consultants will be lead by Mr. Douglas Chapman (Principal Mining Engineer), Dr. Armando Simon (Principal Geologist), Dr. Rustin Cabrera (Principal Geologist), and Marc Etienne (Senior Hydrogeologist). Collectively this team of experts has over 120 years of experience that includes mining and processing in the Salar de Atacama, lithium exploration campaigns in Chile, and management of lithium projects in Bolivia, Argentina, Peru and Chile, among others.

About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. The Company is positioned to capitalize on the expected increase in demand for lithium carbonate that is projected to result from the anticipated paradigm shift to mass adoption and use of key lithium applications like lithium-ion batteries as well as glass ceramics, greases, pharmaceuticals etc.

Rodinia is currently exploring its Clayton Valley project in Nevada, USA, which surrounds the only lithium-brine producer in North America, and its Salar de Diablillos project in Salta, Argentina.
Please visit the Company's web site at www.rodinialithium.com or write us at info@rodinialithium.com. Follow us on Twitter: http://twitter.com/RodiniaLithium.

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 proposed technical report, anticipated results and timing with respect to a resource estimate, , the drill program at Diablillos, the potential of the Diablillos property; 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.
Neil Simon
+1 (647) 258-3311

Aaron Wolfe
Vice-President, Corporate Development
+1 (416) 309-2696

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Rodinia Lithium developing large deposits in Nevada and Argentina

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TALISON LITHIUM REPORTS FINANCIAL RESULTS FOR THE 2011 FIRST QUARTER ENDED SEPTEMBER 30, 2010

(editors note:  Talison is the  largest "pure"  lithium producer in the world today, with over 300 customers, and 25 years in the market. 75% of lithium imports into China, come from Tallisons Greenbushes operation in Western Australia)

NEWS RELEASE

Perth, Western Australia, November 15, 2010 – Talison Lithium Limited (“Talison”)
(TSX:TLH) announces financial results for the 2011 first quarter(1) ended September 30, 2010(“First Quarter”).

 Peter Oliver, CEO and Managing Director said, “The First Quarter represented the achievement of a significant milestone for Talison as it acquired the Greenbushes Lithium Operations from its
predecessor, became a public company and listed on the Toronto Stock Exchange, completed the acquisition of Salares Lithium Inc. and raised C$40 million in a private placement, and
importantly, recorded record lithium concentrate production for the First Quarter at its Greenbushes Lithium Operations.”

 Highlights
• Talison completed its reorganisation, the acquisition of Salares Lithium Inc., a C$40 million private placement and listed on the Toronto Stock Exchange
• Lithium concentrate production of 80,729 tonnes (approximately 12,000 tonnes lithium carbonate equivalent (“LCE”)), representing a 24% increase over the same prior year period.                                                                                                                               

• Lithium concentrate sales of 52,524 tonnes (approximately 7,800 tonnes LCE),
representing a 6% increase over the over the same prior year period

• Demand for Talison’s technical-grade and chemical-grade lithium concentrate continues
to outstrip current production capacity, and Talison is selling 100% of its production

• The Stage 1 expansion of chemical-grade lithium concentrate production capacity at
Greenbushes Lithium Operations by 50,000 tonnes (approximately 7,500 tonnes LCE )
remained on schedule for completion early in calendar 2011

• Combined sales revenue for three months ended September 30, 2010 of A$21.1 million,
an increase of 24% over the three months ended September 30, 2009(1)

• Combined EBITDA for the three months ended September 30, 2010 of A$4.8 million.
Excluding A$1.6 million of non-recurring costs, EBITDA would show a 25% increase
over the three-month period ended September 30, 2009(2)

• Annual production of lithium concentrate for the financial year ending June 30, 2011 is
expected to exceed 43,000 tonnes LCE
• Approval of a A$1.9 million drilling program at the Greenbushes Lithium Operations with
the aim of significantly increasing lithium mineral reserves and resources
Subsequent to the end of the interim period, Talison refinanced its senior finance facility on
more favourable terms with the Commonwealth Bank of Australia.
Talison will host a conference call for the First Quarter on Monday, November 15, 2010 at
9:30 a.m. EDT (6:30 a.m. PDT). The call is being webcast by Thomson Reuters and can
be accessed at www.earnings.com.
Teleconference call details are as follows:
Toll Free: North America - 1-866-804-6924
Toll Free: International - 857-350-1670
Participant Code: 30136906
Chairperson: Peter Oliver, Chief Executive Officer and Managing Director
Replay
Available From 11/15/2010 12:30 P
Available To 11/22/2010
Dial In # 888-286-8010
International Dial In # 617-801-6888
Passcode 92895432

About Talison
 
Talison is the leading global producer of lithium. Talison mines and processes the lithium
bearing mineral spodumene at the Greenbushes Lithium Operations in Western Australia. In
addition, Talison explores for lithium at the Salares 7 lithium project made up of seven salars
located in Chile. Talison also has an extensive, well established global customer network and a
leading position in the growing Chinese market.

For further information please contact:

Todd Hilditch
Investor Relations Director
Phone: 604 443 3831
Email: Todd.Hilditch@talisonlithium.com
Talison Lithium Limited
Level 4, 37 St Georges Terrace
Perth, Western Australia 6000
Web site: www.talisonlithium.com
____________________________________________________________________________
(1) The financial results are in respect of Talison’s first reporting period, being July 1, 2010 to September
30, 2010, however prior to August 12, 2010, Talison was a dormant entity and did not trade in any
capacity.
In order to cover the three-month period ended September 30, 2010, certain financial and operating
results in respect of the Greenbushes Lithium Operations for the period from July 1, 2010 to August
11, 2010 have been provided for reference purposes.
The combined financial and operating results of Talison and the Greenbushes Lithium Operations for
the three months ended September 30, 2010 are compared to the unaudited results of the
Greenbushes Lithium Operations for the three months ended September 30, 2009. The financial
information in respect of the Greenbushes Lithium Operations is being provided for reference
purposes only and is not intended to represent a comprehensive comparison of unaudited interim
consolidated financial results.
For further information refer to Management’s Discussion and Analysis of the financial condition and
results of operations of Talison Lithium Limited as at September 30, 2010 and for the first interim
period from July 1, 2010 to September 30, 2010 (which can be found on Talison’s SEDAR profile at
www.sedar.com and Talison’s website www.talisonlithium.com).
(2) The term “EBITDA” is a non-IFRS financial measure. For a reconciliation of EBITDA to its IFRScompliant
income statement, refer to “Non-IFRS Performance Measures” in Management’s
Discussion and Analysis of the financial condition and results of operations of Talison Lithium Limited
as at September 30, 2010 and for the first interim period from July 1, 2010 to September 30, 2010
(which can be found on Talison’s SEDAR profile at www.sedar.com).
Cautionary Note Regarding Forward-Looking Statements
This release contains “forward-looking statements” which reflect the current expectations of
Talison. When used in this release the words “will”, “anticipate”, “intend”, “believe” and similar
expressions are intended to identify forward-looking statements. These statements reflect
Talison’s management’s current beliefs with respect to future events and are based on
information currently available to management. Forward-looking statements involve significant
known and unknown risks, uncertainties, factors and assumptions. Accordingly, readers should
not place undue reliance on forward-looking statements. Many factors could cause actual
results, performance or achievements to be materially different from any future results,
performance or achievements that may be expressed or implied by such forward-looking
statements. Should assumptions underlying the forward-looking statements prove incorrect,
actual results, performance or achievements could vary materially from those expressed or
implied by the forward-looking statements contained in this release.
The forward-looking statements contained in this release are expressly qualified in their entirety
by this cautionary statement. Although the forward-looking statements contained in this release
are based upon what Talison believes to be reasonable assumptions, Talison cannot assure
investors that actual results, performance or achievements will be consistent with these forwardlooking
statements. These forward-looking statements are made as of the date of this release
and Talison does not assume any obligation to update or revise them to reflect new events or
circumstances.

How and where to invest in Lithium

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Rodinia Lithium hits high grade lithium in Argentina   

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Rodinia Lithium Inc. Hits Lithium Fountain at Salar De Diablillos, in Argentina

Rodinia hits virtual lithium guyser, Grading 540 Mg/L At Salar De Diablillos

November  2010

• ARTESIAN BRINE INTERSECTED IN LAST THREE DRILL HOLES WITH VALUES UP TO 540 MG/L LITHIUM, 5500 MG/L POTASSIUM, 660 MG/L BORON AND A MG:LI RATIO OF 3.33

• EXPLORATION PROGRAM CONTINUES TO DELIVER POSITIVE DRILL RESULTS, EXPANDING ZONE APPROXIMATELY 4 KM EAST AND 4.5 KM SOUTH OF D-RC-01

• SIGNIFICANT INTERCEPTS INCLUDE 510 MG/L LITHIUM OVER 90 METRES AND 530 MG/L LITHIUM OVER 72 METRES IN D-RC-03 AND D-RC-04 RESPECTIVELY

• ARTESIAN LITHIUM BRINE REMAINED UNABATED AND DENSITY INCREASED OVER A 3 DAY SPAN WITH A PRESSURE AND VELOCITY THAT PUSHED THE ARTESIAN COLUMN APPROXIMATELY 13 METRES ABOVE THE SALAR SURFACE (please see figure 1)

Toronto, Ontario: Rodinia Lithium Inc. (“Rodinia” or the “Company”) (TSX-V: RM; OTCQX: RDNAF), is pleased to report that it continues to intersect high-grade lithium and potash in its reverse circulation drilling exploration program on its Salar de Diablillos lithium-brine project in Salta, Argentina (“Diablillos” or the “Salar”).  The Company remains encouraged by the results of the exploration program and reinforces its belief that the project has the potential to become a lithium, potash and boric acid producer in the near future.

William Randall, President and CEO of Rodinia, commented “the fact that we are routinely intersecting artesian conditions containing high grade lithium values is, in our opinion, extremely positive.  We believe that these results indicate that the subsurface brines are spouting to surface and increasing in salinity and density as they continue to flow. This is a rare phenomenon which may add significant value to the project.  Equally exciting is the fact that we intersected these brines in the southern portion of the basin where, based on our auger drilling, we expected lower grade brines due to the proximity of the river. In our opinion these results indicate the potential for the majority of the basin to contain lithium rich brines.”

Results from the most recent five drill holes are summarized in Table 1.  All the holes reported in this press release are open at depth and in all directions, bound only by the basin limits.  The reverse circulation drill holes were drilled vertically to ensure proper representation of the stratigraphic column.  As in the previous drill holes the distribution of lithium concentrations over the hole are remarkably even, suggesting that our entire stratigraphic column below the near surface clays represents a single aquifer, composed primarily of sands and gravels.  The clay content in all holes drilled to date has been low to negligible.

Drill Hole	From (m)	To (m)	Interval (m)	Li (mg/l)	K (mg/l)	B (mg/l)	Mg:Li	SO4:Li
D-RC-03	18	108	90	510	5608	654	3.58	18.97
including	48	108	60	562	6322	640	3.35	17.74
zone open at depth
D-RC-04	36	108	72	530	6292	668	5.02	18.14
zone open at depth
D-RC-05	artesian brine @ 48m			530	5700	690	3.00	18.90
zone open at depth
D-RC-06	18	84	66	471	5054	732	2.84	18.92
Including	artesian brine @ 52.5m			430	4700	670	2.84	18.92
zone open at depth
D-RC-07	42	100.5	58.5	515	5340	619	3.32	14.92
including	artesian brine @ 100.5m			540	5500	660	3.33	16.85
zone open at depth

A sampling procedure was enforced by management to ensure sample integrity during the drill program.  Where possible, brine and sediments samples were air lifted, and water restricted to the upper part of the hole before the water table was intercepted.  Once brine bearing horizons were intercepted, drilling was halted and the drilling pipe lifted 2 feet or more to allow the total flushing of the internal pipe by means of air pressure for approximately ten minutes or until the brine appeared reasonably clean of sediment.  After sufficient air lifting of the brine, a sample was collected in 500 ml sample bottles that had been washed three times with the brine.  Liquid was also collected in five gallon buckets and the time of filling of the bucket recorded, in order to aid in quantifying the formational flow.

The project is 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 in this release.  According to the Company’s sampling protocol, sample size is to exceed 500 millilitres and be stored in clean, secure containers for transportation.  The prepared samples are then forwarded to the ALS Laboratory Group, Environmental Division, in Fort Collins, Co (USA) for analysis.  A rigorous QA/QC program is implemented consisting of regular insertion of standards and blanks to ensure laboratory integrity.

About Rodinia Lithium Inc.:

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

Rodinia is currently exploring its Clayton Valley project in Nevada, USA, which surrounds the only lithium-brine producer in North America, and its Salar de Diablillos project in Salta, Argentina.

Please visit the Company’s web site at www.rodinialithium.com or write us at info@rodinialithium.com. Follow us on Twitter: http://twitter.com/RodiniaLithium 

For further information please contact
Neil Simon                         
Investor Cubed Inc.                                     
Tel: +1 (647) 258-3310

Aaron Wolfe
Vice-President, Corporate Development
Tel: +1 (416) 309-2696

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; 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. 

 How and where to invest in Lithium

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