Wednesday, May 25, 2011

Talison Lithium reports rich lithium and potassium levels at Salares 7 project in Chile.

Results from Salar de la Isla indicate up to 1,080 mg/l Lithium and up to 9,830 mg/l Potassium

Perth, Western Australia, May 25, 2011 – Talison Lithium Limited (“Talison” or the “Company”) (TSX:TLH | US;TLTHF) is pleased to announce the results from the first drill program at two of the seven salars that comprise the Salares 7 Project (“Salares 7”) in Chile.

Highlights

Initial shallow reconnaissance drill programs completed at Salar de la Isla and Salar de Las Parinas

Brine analyses at Salar de la Isla indicate: up to 1,080 milligrams per liter (“mg/l”) lithium, with an average of 863 mg/l lithium; and up to 9,830 mg/l potassium, with an average of 7,979 mg/l potassium

Brine analyses at Salar de Las Parinas indicate: up to 480 mg/l lithium, with an average of 331 mg/l lithium; and up to 8,210 mg/l potassium, with an average of 5,650 mg/l potassium

Peter Oliver, Chief Executive Officer, commented, “We are excited about the results from our initial reconnaissance drill program. The results are very encouraging for the further development of Salares 7 to meet the expected future growth in demand for lithium-ion batteries in the years ahead, and support the confidence that Talison has in the potential of Salares 7. With lithium values of up to 1,080 mg/l, we believe Salares 7 has the potential to be amongst the world’s best new lithium brine prospects.”

Salares 7 Overview
Salares 7 consists of seven salars (salt lakes) and playas located in the Atacama Region of Northern Chile. Five of the seven salars are 100% owned by Talison and its Chilean partners, and these five are clustered within a radius of approximately 30kms. The salars are largely underlain and surrounded by volcanic rocks of andesitic to basaltic affinity that make up some of the 800 volcanoes located in the Andes Mountains of northern Chile

To view the entire press release please visit:
http://www.talisonlithium.com/media/17301/110525_tll reports salares drilling results.pdf

Please find the updated Talison Corporate Presentation contained in the link below:
http://www.talisonlithium.com/media/17020/tlh_investor presentation 4 may 2011.pdf

Friday, May 20, 2011

International Lithium Corp to begin trading on May 24th!

TNR Gold Corp.

TSX VENTURE : TNR

International Lithium Corp.

May 20, 2011 09:00 ET

TNR Gold Corp.: International Lithium Corp. Listing Date

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 20, 2011) - TNR Gold Corp. ("TNR") (TSX VENTURE: TNR) and wholly-owned International Lithium Corp. ("ILC") (TSX VENTURE:ILC)(TSX VENTURE:ILC.WT) (jointly the "Company") are pleased to announce effective at the opening May 24, 2011, the Shares and Warrants of ILC will commence trading on TSX Venture Exchange.
Key Highlights:

At the opening on May 24, 2011, International Lithium Corp. will commence trading on the TSX Venture Exchange under the trading symbol ILC;
Newest Lithium and Rare Metals public company possessing a highly regarded drill ready portfolio of projects;
65,901,354 common shares of ILC will be issued and outstanding, of which 27,230,087 common shares will be escrowed;
Notable share owners of IL
C are TNR at 29%, Jiangxi Ganfeng Lithium Co. Ltd. at 9.99% and Non-Executive Chairman Kirill Klip at 10.5%; and
12,243,500 Units of ILC sold in related financing for gross proceeds of $3,060,875 representing an over-subscription of 2,243,500 Units.

International Lithium Corp. (TSX VENTURE:ILC) New Listing

Effective at the opening on May 24, 2011, the Shares and Warrants of International Lithium Corp. will commence trading on the TSX Venture Exchange under the trading symbol ILC upon successful completion of a Plan of Arrangement involving a restructuring of TNR Gold's business and assets in order to spin-out its lithium and rare metals mineral property interests.
In order to complete the Plan of Arrangement, a minimum raise of $2.5 million was initiated to provide ILC with sufficient operating and administration funds to satisfy Exchange requirements for listing (the "Financing"). The Financing consisted of units in ILC offered at a price of $0.25 per unit with each unit consisted of one common share and one ILC Warrant. Each ILC Warrant entitles the holder to purchase one additional common share of ILC at a price of $0.375 for a period of two years from the date of closing ("ILC Units").
Due to the increased level of demand, 12,243,500 Units of ILC were purchased in the Financing for gross proceeds of $3,060,875 representing an over-subscription of 2,243,500 Units or $560,875. At listing, ILC will have 65,901,354 common shares issued and outstanding, of which 27,230,087 common shares will be escrowed.
Notable Share Owners of ILC at listing include:

TNR at 29% through property disbursements and a 2,000,000 Unit participation in the Financing;
Jiangxi Ganfeng Lithium Co. Ltd. ("Ganfeng Lithium"), a leading China based multi-product lithium manufacturer has committed through a Strategic Relationship Agreement to an initial strategic investment consisting of a 9.99% equity stake in ILC. Ganfeng Lithium brings significant current and future project development assistance capability. For further details regarding Ganfeng Lithium refer to the Company's press release dated April 18, 2011; and
Non-Executive Chairman Kirill Klip at 10.5% through his previous equity stake in TNR and a 1,000,000 Unit participation in the Financing.

Certain fees may be payable on a portion of the placement, in compliance with Exchange requirements. The common shares and ILC Warrants comprising the ILC Units sold under the Financing will be restricted from trading for 4 months in accordance with applicable securities laws.
International Lithium Corp. Project Summary
Benefiting from the early acquisition of select high potential lithium brine and hard rock rare metals pegmatite properties through TNR, ILC at its initiation possesses a robust portfolio of projects staged for aggressive exploration.
The Mariana lithium brine project in Argentina, covering an expansive 160 square kilometres, revealed highly compelling geochemistry from a cursory investigation, reporting average grades of 440 mg/l lithium and 12,700 mg/l potassium. The potassium levels were unexpected and represent one of the highest grades comparative to any of the neighbouring salars outside of the world class operation on the Atacama salar.

Shortly following listing, preparation is to commence for a phase 1 drill program with the objective to identify and isolate separate brine horizons for a first-time representative characterization of the subsurface brine geochemistry. Subsequent drilling will continue to delineate and add to the confidence level of the geochemistry of the subsurface brine pool with an Inferred Resource estimate targeted for early next year. The Mariana project is expected to experience the most rapid advancement of any of the projects within the current ILC portfolio.

ILC holds three additional lithium brine properties in Nevada (Fish Lake, Runway and Sarcobatus Flats) located in adjacent valleys to the Silver Peak operation in Clayton Valley, the sole lithium brine producer in North America which has been in operation since 1966.

This past year, in an integrated regional lithium exploration approach using geochemical and basin modeling utilizing a detailed gravity survey, ILC identified multiple drill targets across all three properties. These targets exhibit analogous geological features which provided both a source and trap for the lithium brines currently extracted at Silver Peak. In 2011, ILC is planning to mobilize a drill to all three properties, target the lithium brine aquifers within the stratigraphy and test their viability.

ILC's property portfolio is well balanced by a number of highly prospective rare metals' hard-rock pegmatite projects that have been selected by ILC's technical experts under stringent guidelines. The key outstanding characteristics shared by all the rare metals' projects are their underexplored nature, excellent accessibility, under-analyzed rare metals' history, initial high confidence level that additional exploration will add project value and ultimately the potential to develop the projects to address the global technological growth in demand for the rare metals' suite of elements.

Highlighting these rare metals' projects is the Moose property located near the shore of Great Slave Lake in the NWT which was a minor lithium and tantalum producer in the 1950's with reported production of 119 tonnes of lithium ore and an estimated 4,409 tonnes of high grade tantalum-niobium ore. The 2010 exploration program was limited as to exposure, however a channel sample returned 1.50 wt% Li2O over 7.5 metres confirming the continuity of high grade lithium across substantial widths within the pegmatite and a muck pile returned 8.44 wt% Li2O indicating that the source pegmatite is highly evolved and underscores the future potential of the property. In support of the untested potential, the historic exploration and mining did not penetrate below the 25 metre mark or extend beyond the local workings.

In addition, surface exploration on the Mavis Lake rare metals' project, located 15 km Northeast of Dryden, Ontario, revealed high-grade well-evolved lithium and tantalum zonation as well as significant levels of cesium and rubidium across multiple pegmatite bodies. Both the Moose and Mavis Lake projects are clearly emerging as premier multi-element rare metals projects and warrant drill programs in 2011 to determine their potential.

Potentially overshadowing the other rare metals projects is the Blackstairs project in Ireland consisting of eight prospecting licenses totaling 292 square kilometres hosting an extensive lithium pegmatite belt extending for more than 50kms. Historical exploration has been highly localized with reported boulder occurrences suggesting potentially large undiscovered pegmatites. The pegmatites that have been observed reveal well developed internal zoning reflecting strong fractionation and multi-rare-metals mineralizing potential.

The merits of ILC's portfolio of lithium and rare metal projects, particularly the Mariana, have garnered significant interest from retailers, institutions and international investors. A dedicated effort has been expended this past year prior to listing in the establishment of a strong network of interested parties. Significant advancement of ILC's projects through 2011 in conjunction with the progression of the lithium and rare metals' sectors will potentially have a marked effect on ILC in the coming period.

ABOUT TNR GOLD CORP. / INTERNATIONAL LITHIUM CORP.
TNR is a diversified international mineral exploration company focusing on the advancement of existing properties and identifying and acquiring new prospective projects. TNR has a portfolio of 18 active projects, of which 9 rare metals projects, including Mariana, will be held or optioned to TNR's wholly owned subsidiary ILC upon completion of the Plan of Arrangement.

The objective of the Plan of Arrangement is to spin-out TNR's rare metals property interests into a separate public company, ILC. The Plan of Arrangement has been approved by TNR's shareholders, the courts of British Columbia and the TSX Venture Exchange. For further details of the spin-out, please visit International Lithium's website and TNR's information circular dated May 10, 2010 which is available on the SEDAR website at www.sedar.com.

The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the TNR and ILC's commitments to generating projects, diversifying its markets, and building shareholder value.

On behalf of the board,
Mike Sieb
President – International Lithium Corp.
COO – TNR Gold Corp.
Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
TNR Gold Corp.
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434
International Lithium Corp.
Shares CUSIP: #459820 10 6
Warrant CUSIP: #459820 11 4

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.

Tuesday, May 17, 2011

Talison Lithium Corp retains top investor relations firm.

TALISON LITHIUM RETAINS ICR, LLC
TO PROVIDE INVESTOR RELATIONS SERVICES

Perth, Western Australia, May 17, 2011 – Talison Lithium Limited (“Talison”) (TSX: TLH) announced today that it has retained ICR, LLC, as its investor relations and corporate communications firm.

Founded in 1998, ICR is a leading financial communications consulting firm that provides counsel from senior professionals with specific industry expertise.

ICR sets a new standard for financial communications with a business model driven by deep capital markets expertise provided by a team of former Wall Street and corporate professionals, including senior sell-side analysts, portfolio managers and investment bankers. The firm represents approximately 275 corporate clients, including recognized resource names such as Molycorp Minerals.

Gary Dvorchak, CFA, Senior Vice President at ICR, commented, “We are very excited to work with the world’s largest producer of lithium. Talison is a pure play producer in a mineral market that is poised for growth in the years ahead. Talison will benefit from increasing its exposure to major financial institutions, including sell-side analysts and portfolio managers focused on growth-oriented companies selling into exciting technology end markets. We believe this company creates a compelling investment proposition for the resources investor looking for a high quality, pure play on growth markets. We are excited to be a partner in Talison’s success.”

Peter Oliver, CEO of Talison, said, “We are pleased to be partnering with ICR in our investor relations efforts. We believe ICR’s relationships with, and insights into, the capital markets will be beneficial to us as we enhance our outreach to the investment community. As our business continues to grow, we look forward to working closely with ICR to ensure that we are effectively communicating Talison’s strategy, milestones, and successes to the proper Wall Street audience in order to maximize shareholder value.”

Source: Talison Lithium

Friday, May 13, 2011

TNR Gold Corp.will spinoff International Lithium Corp. on May 19th

TNR Gold Corp.

TSX VENTURE : TNR

May 12, 2011 08:30 ET

TNR Gold Corp.: International Lithium Corp. Spin-Out Record Date Set

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 12, 2011) -TNR Gold Corp. ("TNR") (TSX VENTURE:TNR) and wholly-owned International Lithium Corp. ("ILC") (jointly the "Company") are pleased to announce the TSX Venture Exchange has approved the Company's Plan of Arrangement involving the spin-out of TNR's lithium and rare metals property interests into a separate public company, ILC. The Plan of Arrangement will close and be given effect on May 19, 2011 (the "Record Date") [Note 1].
Key Highlights:

TSX Venture Exchange approves the Company's Plan of Arrangement, ILC spin-out;
Sets Record Date / Effective Date for May 19, 2011;
May 16, 2011 is the last Trading Day whereby eligible TNR Shareholders at the close of market will receive the ILC Unit distribution in accordance with the terms of the Plan of Arrangement [Note 1];
ILC financing will close concurrently with Plan of Arrangement; and
Strategic Relationship with Jiangxi Ganfeng Lithium Co. Ltd. solidifies as Plan of Arrangement approaches completion.

As part of the process, a separate press release will be issued on or following the Effective Date providing further details for the listing of ILC's common shares and share purchase warrants once listing conditions have been satisfied.
Plan of Arrangement
The Plan of Arrangement, which is fully described in the Company's Information Circular, dated May 10, 2010, effectively involves a restructuring of the Company's business and assets in order to separate its rare metals mineral property interests from its other precious and base metals assets.
Pursuant to the Arrangement:

TNR will transfer its lithium and rare metals mineral properties, excluding the Mariana lithium brine property, to ILC for 10,000,000 ILC common shares and 10,000,000 ILC share purchase warrants, each whole ILC share purchase warrant exercisable to acquire one additional share of ILC at $0.375 per share for two years ("ILC Warrants").
Concurrent with the closing of the Plan of Arrangement, ILC will exercise the Mariana Option Agreement whereby, ILC will acquire a 100% interest in and to the Mariana Lithium Brine property in exchange for the reimbursement of TNR's costs in acquiring, maintaining and exploring the Mariana Property, of which $1,000,000 shall be payable through the issuance of 7,000,000 ILC common shares and 7,000,000 ILC Warrants, and the balance of which shall be payable in cash.
Every TNR shareholder will exchange its common shares in TNR for one (1) new common share of TNR and one-quarter of one (0.25) common share of ILC and one-quarter of one (0.25) ILC Warrant.
TNR warrant holders will receive on exercise of each warrant one new common share of TNR and one-quarter of one (0.25) common share of ILC. The exercise price paid will be split between TNR and ILC on the same ratio that the fair market value of the Spin-out properties has to the fair market value of all assets of TNR.

Note 1: The Record Date allows for a three day standard settlement of accounts from a May 16, 2011 Trade Date.

Therefore May 16, 2011 will be the last day to acquire TNR shares, through normal stock market acquisition procedures, which are eligible pursuant to the Plan of Arrangement for conversion into one (1) new common share of TNR and one-quarter of one (0.25) common share of ILC and one-quarter of one (0.25) ILC Warrant.

For the avoidance of doubt, if an investor was to purchase shares of TNR on May 17, 2011 through the stock market, that investor will not receive ILC common shares and ILC Warrants through the Plan of Arrangement. Such investor will receive only new common shares of TNR.

ILC Financing
In order to complete the Plan of Arrangement, ILC intended to raise a minimum of $2.5 million to provide ILC with sufficient operating and administration funds to satisfy Exchange requirements for listing (the "Financing") however due to the level of demand the Financing is currently oversubscribed with the Company receiving $3 million in commitments.

The Financing consists of units in ILC offered at a price of $0.25 per unit. Each unit consists of one common share and one ILC Warrant. Each ILC Warrant entitles the holder to purchase one additional common share of ILC at a price of $0.375 for a period of two years from the date of closing ("ILC Units"). Certain fees may be payable on a portion of the placement, in compliance with Exchange requirements. The common shares and ILC Warrants comprising the ILC Units sold under the Financing will be restricted from trading for 4 months in accordance with applicable securities laws.

Jiangxi Ganfeng Lithium Co. Ltd. ("Ganfeng Lithium"), a leading China based multi-product lithium manufacturer has committed through a Strategic Relationship Agreement to an initial strategic investment consisting of a 9.9% equity stake in ILC. Ganfeng Lithium brings significant current and future project development assistance capability. For further details regarding Ganfeng Lithium refer to the Company's press release dated April 18, 2011.

TNR and Non-Executive Chairman Kirill Klip plan to participate in the Financing.

ABOUT TNR GOLD CORP. / INTERNATIONAL LITHIUM CORP.
TNR is a diversified international mineral exploration company focusing on the advancement of existing properties and identifying and acquiring new prospective projects. TNR has a portfolio of 18 active projects, of which 9 rare metals projects, including Mariana, will be held or optioned to TNR's wholly owned subsidiary ILC upon completion of the Plan of Arrangement.

The objective of the Plan of Arrangement is to spin-out TNR's rare metals property interests into a separate public company, ILC. The Plan of Arrangement has been approved by TNR's shareholders, the courts of British Columbia and the TSX Venture Exchange. For further details of the spin-out, please visit International Lithium's website and TNR's information circular dated May 10, 2010 which is available on the SEDAR website at www.sedar.com.

The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the TNR and ILC's commitments to generating projects, diversifying its markets, and building shareholder value.

On behalf of the board,
Mike Sieb
President – International Lithium Corp.
COO – TNR Gold Corp.

Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434

Wednesday, May 11, 2011

Alternative Energy Push Drives Capstone Turbine and Ballard Power Higher

8:16AM ET on Wednesday May 04, 2011 by Marketwire

As surging oil prices begin to damped the strength of the global economic recovery, investors are hopeful that the fuel cell sector will get a boost from a stronger push for alternative sources of energy. Fuel cells can be used for vehicles, heating and cooling systems and backup power for cell phone towers. On the downside, fuel cells have been accused of being expensive, leading competitors to argue that microturbines hold a brighter future. The Bedford Report examines the outlook for companies in the Industrial Electrical Equipment Industry and provides research reports on Capstone Turbine Corporation (NASDAQ: CPST) and Ballard Power Systems, Inc. (NASDAQ: BLDP). Access to the full company reports can be found at:

www.bedfordreport.com/2011-05-CPST
www.bedfordreport.com/2011-05-BLDP

Fuel cells convert the stored energy in fuels like natural gas or hydrogen gas into electricity without combustion.

They are somewhat similar to batteries, although fuel must be fed continuously to them. Microturbines are small power generation systems using a gas turbine engine, based on related turbines used in transportation. Both fuel cells and microturbines can operate on a variety of fuels, including natural gas and renewable fuels such as landfill gas.

Capstone Turbines argues that fuel cells are expensive, and require significantly higher government incentive levels to stimulate customer investment than Capstone's microturbines.

The Bedford Report releases regular market updates on the Industrial Electrical Equipment Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

Earlier this week, Burnaby-based fuel cell developer Ballard Power Systems, posted a fiscal first quarter net loss of 10.2 million, compared to loss of $6.6 million in the year ago period. The company said the net loss reflects a $3.3 million gain on the sale of assets in relation to the land portion of the March 2010 sale and leaseback of Ballard's corporate headquarters building. Revenues surged 29 percent year-on-year reflecting strong growth of 40% in fuel cell products.

Earlier this year Ballard entered into a contract for the supply of fuel cell power modules to power five zero-emission hydrogen fuel cell buses operated by the HyNor Oslo Buss group, to service the greater Oslo, Norway area.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer

Contact:
The Bedford Report
Email Contact

SOURCE: The Bedford Report

http://www2.marketwire.com/mw/emailprcntct?id=20FC1E9A258B5721

Related Articles:

Worlds largest fuel cell generation power plant

Ballard Power on a roll

Tuesday, May 10, 2011

Davi Luxury Brand Group engages partner in new duty free business.

Davi Luxury Brand Group Inc Announces Today It Has Engaged Hansam Moolsan Co., LTD for Its Duty Free Business in the Airline Industry

9:10AM ET on Monday May 09, 2011 by Business Wire

Davi Luxury Brand Group, Inc. (OTCBB: MDAV) today announced that it has engaged Hansam Moolsan Co., LTD to represent the company in its Duty Free sales initiative for the new "DAVI" skincare retail product line in the Asia Pacific airline industry. The Duty Free market consists of on-board duty free Magazines and Duty Free Shops.

"We are truly fortunate to have secured the services of Hansam Moolsan, as they have a proven track record working exclusively for the airline business supplying products for Duty Free business, In-Flight service and catering under cooperation with European and Asian countries." said Parrish Medley, Chief Executive Officer of Davi Luxury Brand Group. "As we seek to raise awareness of the DAVI product line worldwide we could not have chosen a more powerful ally to help us achieve our long term sales and marketing goals in the travel market of this region." Hansom Moolsan Co., LTD. was established in 1993 and is based in Seoul Korea. Hansom services Asian Pacific and European airlines, with its primary customers being Korean Air and Asiana Airlines.

Davi Luxury Brand Group also announced that it plans to release its new retail products in June. Concurrently with the release of retail products, the company also will launch its on-line sales initiative for those retail products in June on the company's www.daviskin.com website.

Davi Luxury Brand Group will be attending the APOT (Asia Pacific on Board Travel) trade show in Bali Indonesia on June 1-3. DAVI will be an exhibitor and have a booth to present its new retail product line of skincare products for the Asia Pacific Airline Duty Free airline industry. The Asia Pacific region is the largest in the world with more than 100 million in scheduled passenger seat capacity.

Duty Free is an enormous opportunity for the company. Korean Air alone does in excess of U.S. $200 million in sales annually, and is the world's most successful in-flight retailer with its Duty Free Sky Shop Magazine. As previously announced, DAVI is the exclusive amenity kit provider for Korean Air. The amenity kit service commenced service on Korean airlines as of May 1, 2011. The kits are an elegant maroon (for men) and beige (for women) toiletry bag with the DAVI name and logo and exclusively for Korean Air embossed on the front. Every bag is provided for First and Business class passengers and has a DAVI leaflet inside with the company web site, www.daviskin.com, as well as giving a description of the brand and products.

Davi Luxury Brand Group will be joining with Hansom Moolsan Co., LTD team to present and showcase the DAVI product line at the APOT trade show. APOT organization and trade show is for all airlines, caterers, suppliers media/network partners in the Asia Pacific region to support the high-growth of the In-flight Service industry. Heather Cho, senior vice president of Korean Air is the Chairman of APOT.

About DAVI LUXURY BRAND GROUP INC.

DAVI LUXURY BRAND GROUP, INC., founded by Carlo Mondavi, grandson of American Icon Robert Mondavi, develops, licenses and markets luxury skin care products using the antioxidants found in wine and grapes. The company markets skincare products under the "DAVI Skin" and "DAVI" brand names. The products currently are provided as amenities at prestige hotels and as first class in-flight airline amenities. The company's goal is to also market its branded skincare products through upscale department stores, specialty retailers, prestige resorts, salons and spas, on cruise ships, and through airline duty-free shops. The company's skincare products contain minerals, vitamins and nutrients that are found in a by-product of the wine making process called the pomace. Planting techniques at select vineyards produce deeper vines with a lower yield of grapes per vine. After processing, these grapes yield higher concentrations of minerals, vitamins, and nutrients than grapes from other vineyards. Additionally, the uniquely long maceration process to which these grapes are subjected, yield polyphenols in relatively high quantity. Polyphenols are the free radical scavengers that, among other things, help to protect collagen and elastin fibers and prevent the destruction of hyaluronic acid in the skin. Management believes that the use of this pomace will allow for the creation of skin cremes that can help fight the natural aging process of the skin.

WWW.DAVILUXURYBRANDGROUP.COM OTC Bulletin Board: MDAV
Safe Harbor Statement
THIS PRESS RELEASE INCLUDES STATEMENTS THAT MAY CONSTITUTE "FORWARD LOOKING" STATEMENTS. FORWARD LOOKING STATEMENTS INHERENTLY INVOLVE RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM CURRENT EXPECTATIONS. BY MAKING THESE FORWARD LOOKING STATEMENTS, THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE THESE STATEMENTS FOR REVISIONS OR CHANGES.
For more information on Korean air, visit www.koreanair.com
SOURCE: Davi Luxury Brand Group Inc.

Davi Luxury Brand Group Inc. 
Mr. Parrish Medley, 310-288-8393 
parrishmedley@daviskin.com 
WWW.DAVILUXURYBRANDGROUP.COM 
WWW.DAVISKIN.COM 
(OTC Bulletin Board: MDAV)

Thursday, May 5, 2011

Rodinia Lithium Continues to Intersect High Grade Lithium and Potash at Shallow Depths

Rodinia Lithium Inc.

TSX VENTURE : RM
OTCQX : RDNAF

May 05, 2011 08:30 ET

- DRC-17 INTERSECTED 640 mg/L LITHIUM OVER 108 METRES WITH VALUES UP TO 720 mg/L LITHIUM AND 7,400 mg/L POTASSIUM

- BASEMENT INTERSECTED APPROXIMATELY 38.5 METRES DEEPER THAN PREDICTED

- RESULTS EXPECTED TO INCREASE THE RECOVERABLE RESOURCE
- EXPLORATION PROGRAM IS ONGOING AT THE SALAR DE DIABLILLOS

TORONTO, ONTARIO--(Marketwire - May 5, 2011) - Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM)(OTCQX:RDNAF) is pleased to announce results from its continued reverse circulation drill program at its Salar de Diablillos project ("Diablillos" or "Salar") located in Salta Province, Argentina. Drilling successfully resumed at Diablillos late February, after experiencing heavier rains than usual during January and February 2011. It is anticipated that the results, summarized below, may expand the resource at depth and laterally, while confirming the continuity of the aquifers and the contained lithium brines.

William Randall, President CEO of Rodinia, commented "We continue to intersect high quality lithium and potash brines on the Salar de Diablillos, evidenced by DRC-17 in the north-eastern margin of the Salar. With this intersection and the drilling that is ongoing, we believe that this may increase the size of our recoverable lithium and potash resource. This is a great start to what is expected to be a busy remainder of the year as we advance the Diablillos project, through the completion of exploration activities and culminating in the development of a preliminary economic assessment of the property."

DRC-12R is an extension of DRC-12 (please see press release dated January 13, 2011 for further detail regarding DRC-12) and targeted brines at depth below the resource area. DRC-12R successfully reached depths below the resource area encountering brines grading up to 620 mg/L lithium ("Li") at the bottom of the hole. The sequence is dominated by sand and gravel lithologies that formed the host for the bulk of the 2,817,000 tonne recoverable lithium carbonate equivalent ("LCE") resource estimate announced April 1, 2011.

DRC-17 was drilled on the north-eastern margin of the Salar to a total depth of 156 metres and encountering the basement at 141.5 metres. The basement encountered in this drill hole is highly fractured exhibiting flow rates of up to 86 l/m and lithium concentrations up to 720 mg/L Li at the bottom of the hole. The basement was intersected approximately 38.5 metres deeper than predicted by the gravity survey. The gravity survey formed the basis of the basement modeling used in the recoverable resource and it is therefore expected that the results of DRC-17 will result in an increase in the resource size. Results from DRC-12R and DRC-17 can be found in Table 1.

Table 1 – Results from reverse circulation drill holes DRC-12R and DRC-17.

Drill Hole	From (m)	To (m)	Interval (m)	Li (mg/l)	K (mg/l)	B (mg/l)	Mg:Li	SO4:Li
D-RC-12R	60	90	30	548	5650	701	3.70	13.20
And	96	114	18	573	5933	670	3.50	13.70
zone open at depth
D-RC-17	48	156	108	640	6631	688	3.49	15.00
Fractured basement intersected @ 141.5m; due to drilling logistics samples in the interval 78-100.5 metres were not sampled and average values applied to the intersection based on the logged continuity of the aquifer.

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 five 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 and development company with a primary focus on Lithium exploration and development in North and South America. The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.

Rodinia's Salar de Diablillos lithium-brine project in Salta, Argentina, contains a recoverable resource of 2.82 million tonnes lithium carbonate equivalent and 11.27 million tonnes potassium chloride equivalent. The project contains a recoverable inferred resource of 952,553,000 m³ grading 556 mg/L lithium and 6,206 mg/L potassium. Throughout 2011, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through scoping study.

The Company also holds 100% mineral rights to approximately 70,000 acres in Nevada's lithium-rich Clayton Valley in Esmeralda County, and is currently in the process of assessing the size, quality and processing alternatives of this deposit. The Clayton Valley project is located in the only known lithium-brine bearing salt lake in North America, and looks to represent the only new source for domestic lithium carbonate supply.
The Projects are supervised by Ray Spanjers, Rodinia's Manager of Exploration. Mr. Spanjers is considered a Qualified Person, as defined by National Instrument 43‐101.

Please visit the Company's web site at www.rodinialithium.com or write us at info@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 impact of the drill program at the Diablillos property and results of such drill program; the potential of the Diablillos property; the anticipating timing and results with respect to the development of a preliminary economic assessment 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.

Articles:

Six reasons why Rodinia Lithium looks like a keeper
Rodinia looks like the next prize in lithium market
Rodinia has large deposits in Nevada and Argentina

Connect by Hertz Car Sharing Electrifies Manhattan's Seward Park Co-Op Bringing Electric Vehicles and Networked ChargePoint Stations to Consumers

SOURCE: The Hertz Corporation

May 05, 2011 09:16 ET

Speaker of the New York State Assembly Sheldon Silver to Attend Unveiling on Friday, May 6

PARK RIDGE, NJ--(Marketwire - May 5, 2011) - As part of its Global Electric Vehicle (EV) expansion throughout New York City, Connect by Hertz, Hertz's (NYSE: HTZ) global car sharing club, the first car sharing club to introduce the 100% electric Nissan LEAF™ in Manhattan, is bringing the LEAF to Manhattan's Seward Park Co-op. To celebrate the introduction of the Nissan LEAF, a formal unveiling, attended by Speaker of the New York State Assembly, Sheldon Silver, will be held at Seward Park (413 Grand St in Manhattan) on Friday, May 6 at 12 noon.

"Hertz is leading the industry in building out an EV platform that brings electric vehicles and a network of charging stations to consumers," commented Robert Stuart, Senior Vice President, Global Sales for Hertz. "For the past year, Connect by Hertz car sharing has had a successful relationship with Seward Park and its residents and we're excited to be working with Seward Park in its efforts to make the Lower East Side of Manhattan the most 'plug in ready' neighborhood in the City."

The all-electric Nissan LEAF joins the Prius Hybrid and smart fortwo that are part of Seward Park's car sharing program. In an effort to make EVs a viable option for its residents, Seward Park has installed four Coulomb Technologies networked charging stations that are part of the ChargePoint® Network. The ChargePoint Network gives all EV drivers unique, easy-to-use services including: real-time status and location of unoccupied charging stations, tracking and reporting greenhouse gas and gasoline savings, and charging status notification, all by SMS, email or smart phone applications. ChargePoint also includes a billing system so that station owners can recoup the costs of electricity, maintenance and capital from drivers. Two of the stations are part of Coulomb's $37 million ChargePoint America program.

"I am proud to give my strong support to this incredibly worthy and exciting new project," New York Assembly Speaker Sheldon Silver said. "By opening this electric charging station and electric car rental hub, Seward Park Cooperative has put our Lower East Side community on the leading edge of our vitally important effort to make renewable and sustainable energy a viable option for New Yorkers. It is past time that we develop workable and clean alternatives to gasoline. In a city with high asthma rates and heavy pollution from car exhaust, encouraging people to use electric cars will not only let us breathe easier, it could literally save lives. I want to commend Seward Park Co-op for showing vision and leadership in taking the initiative to create this incredibly valuable project. I also want to thank Community Board 3, Hertz and everyone else who has made this milestone possible."

"We applaud Hertz and the Seward Park Co-op's efforts to bring sustainable mobility to Manhattan's Lower East Side," said Tracy Woodard, senior director, Government Affairs, Nissan North America. "Nissan LEAF is the world's first and only affordable, all-electric vehicle designed for the mass market and it is through collaboration like this that consumers will get to experience the benefits of zero-emission ownership."
"We are proud to extend the reach of the ChargePoint Network further into New York as more and more electric vehicles are delivered," said Richard Lowenthal founder and CTO at Coulomb. "With so many New York City residents living in apartments and co-ops, Seward is demonstrating their leadership by enabling their tenants to drive electric. We are thrilled to work with Hertz to enable many more people to drive these innovative vehicles."

The 2011 Nissan LEAF™, the world's first affordable, zero-emission car, is designed specifically for a lithium-ion battery-powered chassis. The Nissan LEAF is a medium-size hatchback that comfortably seats five adults and has a range of 100 miles on one full charge to satisfy real-world consumer requirements. Powered by 48 laminated compact lithium-ion battery modules and a high-response 80kW AC synchronous motor that generates 107 horsepower and 207 lb-ft of torque, the LEAF provides a highly responsive, fun-to-drive experience.

"Con Edison is pleased to support the new charging stations for electric vehicles at the Seward Park Cooperative as part of the overall effort to introduce electric vehicles to New York City. We commend the Cooperative's leadership for taking this important step to make New York cleaner and greener by raising awareness and creating new opportunities for electric vehicles. Con Edison has launched a new website (www.conEd.com/electricvehicles) to help people learn more about electric vehicles, how to keep them charged properly and how to decide which type best serves their travelling needs," commented David Gmach, Director, New York City Public Affairs, Consolidated Edison Company of New York.

"I think it's a wonderful idea; very progressive," said Honey Federman, a Seward Park Co-op resident for 15 years. "The initiative could help lessen New Yorkers' dependence on oil."

Located on the Lower East Side of Manhattan, Seward Park Co-op is one of the largest free market co-ops in Manhattan with more than 1,700 apartments, approximately 50 commercial tenants, 13 acres of land and more than 4,000 residents. Celebrating its 50^th year, Seward Park has a strong commitment to the environment, working with Comverge and the Clean Energy Network NY, and is in the process of opening a green market on Hester Street.

Connect by Hertz car sharing has approximately 30,000 members, is available in six countries and on 54 university campuses. Connect by Hertz offers its members products and services that are unmatched in the car sharing industry, including a fee free program, one way usage for New York City area members, guaranteed reservations, Monday through Thursday including holidays; a variety of Electric Vehicles, including the Nissan LEAF, Chevrolet Volt, and smart fortwo electric drive; an in-house Member Care Center available 24/7, 365 days a year; an in-car GPS system in every vehicle, included in the hourly rate; a fast and easy-to-use website; and rates as low as $5 in Manhattan.

Connect by Hertz's industry leading, propriety in-car technology provides members a safe and superior car sharing experience. Upon enrolling in Connect by Hertz, members receive a smart chip enabled Connect card, which gives them keyless entry to any car in the fleet that the member reserves. In the car, a hands-free audio kit connects members to an in-house Member Care Center representative should they have questions, need assistance or need to extend their use of the car. Connect by Hertz is able to "communicate" with the vehicle, enabling representatives to unlock, engage and locate vehicles and cars are also equipped with iPod connectivity, Bluetooth capabilities, for a hands free driving experience, and EZ Pass transponders.
For more information, visit www.connectbyhertz.com or call Member Care Services at 877-654-4400.

About ChargePoint AmericaThe $37 million ChargePoint America program is made possible by a $15M grant funded by the American Recovery and Reinvestment Act through the Transportation Electrification Initiative administered by the Department of Energy. ChargePoint America will provide 4,600 public and home ChargePoint Networked Charging Stations by October 2011, adding to the existing ChargePoint Network. Coulomb will work together with its distribution and industry partners to evaluate the demand from the respective geographic regions and allocate charging stations based on this and other factors. The ChargePoint America project will collect data characterizing vehicle use and charging patterns. Idaho National Labs will analyze the data. www.chargepointamerica.com

About Connect by HertzConnect by Hertz, The Hertz Corporation's (NYSE: HTZ) global car sharing club, has more than 700 vehicles, approximately 30,000 members and more than 200 locations worldwide, including corporate offices and universities. Connect by Hertz cars are equipped with Eileo® technology, and benefits covered by the hourly rate include gas, insurance, GPS turn-by-turn navigation, 24/7 roadside assistance, 24-hour Member Care Center communication, and, in the US, 180 free miles per day. For more information, visit www.connectbyhertz.com.

Wednesday, May 4, 2011

Talison Lithium More Than Doubles Mineral Reserves and Significantly Increases Mine Life

May 04, 2011 08:45 ET

PERTH, WESTERN AUSTRALIA--(Marketwire - May 4, 2011) - Talison Lithium Limited (TSX:TLH) -

Highlights

Lithium Proven and Probable Mineral Reserves increase by 157%⁽¹⁾to 31.4 million tonnes ("Mt") at a grade of 3.1% lithium oxide ("Li₂O")

Supports expansion of production rate to approximately 740,000 tonnes per annum lithium concentrate (approximately 110,000 tonnes per annum lithium carbonate equivalent ("LCE"))

Mine life extended by 10 years to 22 years, based on lithium Mineral Reserves at the expanded production rate

Life of mine strip ratio almost halved to 1.2:1 as a result of the expanded lithium Mineral Reserves

Average grade of lithium ore processed in the next 5 years expected to be above 3.3% Li₂O

Further opportunities to increase lithium Mineral Reserves and extend mine life at the Greenbushes Lithium Operations in the future

Talison Lithium Limited ("Talison") (TSX:TLH) announces an update and significant increase to lithium Mineral Resources and Mineral Reserves at its Greenbushes lithium operations in Western Australia (the "Greenbushes Lithium Operations") as of March 31, 2011.

Peter Oliver, Chief Executive Officer, commented, "The improved lithium recoveries and lower unit costs from the second stage expansion of the Greenbushes Lithium Operations, as well as the lower strip ratio, has enabled Talison to substantially increase its lithium Mineral Reserves whilst maintaining an average grade significantly superior to other known lithium mineral projects. The increased lithium Mineral Reserves significantly extend the Greenbushes mine life, thereby providing customers with security of supply to meet the expected future growth in demand for lithium-ion batteries in the years ahead."

(1) The percentage increase refers to the percentage change in tonnes of contained lithium carbonate equivalent (LCE) estimated as of March 31, 2011 from the previous estimate as of March 31, 2010.

Updated lithium Mineral Reserves and Mineral Resources
The table below shows Talison's lithium Mineral Reserves calculated as of March 31, 2011.

Greenbushes Lithium Operations - Lithium Mineral Reserves
	Update - March 31, 2011			Previous - March 31, 2010
Category	Tonnage (Mt)	Li₂O Grade (%)	LCE (Mt)	Tonnage (Mt)	Li₂O Grade (%)	LCE (Mt)

Proven Mineral Reserves	0.2	3.9	0.02	0.1	3.9	0.01

Probable Mineral Reserves	31.3	3.1	2.38	9.5	3.9	0.92

Total Proven and Probable Mineral Reserves	31.4	3.1	2.39	9.6	3.9	0.93

Notes:

There may be some rounding errors in totals.
For the updated calculation (as of March 31, 2011) a 2% Li₂O cut-off grade has been applied.
Proven Mineral Reserves comprises the Run of Mine and Fine Ore stockpiles. All the Probable Mineral Reserves are contained within the Indicated Mineral Resources.
Mineralization was classified according to the definitions in National Instrument 43-101 and the guidelines published by the Council of the Canadian Institute of Mining, Metallurgy and Petroleum (the CIM Standards).

The table below shows Talison's lithium Mineral Resources estimated as of March 31, 2011.

Greenbushes Lithium Operations - Lithium Mineral Resources
	Update - March 31, 2011			Previous - March 31, 2010
Category	Tonnage (Mt)	Li₂O Grade (%)	LCE (Mt)	Tonnage (Mt)	Li₂O Grade (%)	LCE (Mt)

Measured Mineral Resources	0.2	3.9	0.02	0.10	3.9	0.01

Indicated Mineral Resources	70.2	2.6	4.55	21.9	3.7	2.00

Total Measured and Indicated Mineral Resources	70.4	2.6	4.56	22.0	3.7	2.01

Total Inferred Mineral Resources	2.0	2.2	0.11	2.7	3.5	0.23

Notes:

There may be some rounding errors in totals.
For the updated estimate (as of March 31, 2011) the lithium Mineral Resources are within lithium domains drawn at a 1% Li₂O grade boundary, and above 1,000RL; and Measured Mineral Resources comprises the Run of Mine and Fine Ore stockpiles. For the previous estimate (as of March 31, 2010)the lithium Mineral Resources are within lithium domains drawn at a 2.8% Li₂O grade boundary.
Mineral Resource estimation was performed using Ordinary Kriging into 20mNx20mEx5mRL parent blocks, with each variable Li₂O, calcium oxide (CaO), ferric oxide (Fe₂O₃), potassium oxide (K₂O), manganese oxide (MnO), sodium oxide (Na₂O), phosphorus oxide (P₂O₅), tin (Sn), and tantalum oxide (Ta₂O₅)) being estimated independently. This work was overseen by Andrew Purvis, a full-time employee of Talison, who is "Qualified Person" in accordance with National Instrument 43-101 and a "Competent Person" as defined by the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves 2004 Edition (the JORC Code).
Mineral Reserves are included in Mineral Resources. Mineral Resources are not Mineral Reserves and, as such, do not have demonstrated economic viability.
Mineralization was classified according to the definitions in National Instrument 43-101 and the guidelines published by the Council of the Canadian Institute of Mining, Metallurgy and Petroleum (the CIM Standards).

The significant increases in the lithium Mineral Resources and Mineral Reserves are a result of the in-fill drilling program that was completed in early 2011 and the production efficiencies from the expansion of the Greenbushes Lithium Operations.

In Talison's previous estimate of lithium Mineral Resources, the majority of the Mineral Resources were adjacent to the C3 and C1 pits at the Greenbushes Lithium Operations. The recent drilling program focused on increasing the drill density in the C1 and C2 pits to upgrade the lithium Mineral Resources and improve the conversion of lithium Mineral Resources to lithium Mineral Reserves. The drilling program also improved the confidence levels in the resource block model.

Talison has revised the pit design, mining schedule and processing schedule for the Greenbushes Lithium Operations on the basis of the updated lithium Mineral Reserves. The revised pit design will result in the C1, C2 and C3 pits being joined into one continuous pit over the life of mine, and the revised mining schedule will focus on mining in the C3 pit in the early years. Based on the revised processing schedule, during the next 5 years the average grade of lithium ore processed is expected to be above 3.3%Li₂O.

The improvements in the lithium Mineral Resources and Mineral Reserves will support the second stage expansion of the Greenbushes Lithium Operations to a total expected production capacity of approximately 740,000 tonnes per annum lithium concentrate (approximately 110,000 tonnes per annum LCE). At the expanded production rate, the mine life will be extended by 10 years to 22 years based on the lithium Mineral Reserves. The life of mine strip ratio will also improve from 2.2:1 to 1.2:1.

Talison has been mining and processing lithium at the Greenbushes Lithium Operations for over 25 years and has completed several successful expansions during that time. The second stage expansion of the Greenbushes Lithium Operations will utilize Talison's current technology and processing experience in a new, purpose built, large scale production facility. The production efficiencies from the expansion, as well as the lower strip ratio, will allow Talison to profitably process lower grade lithium ore, thereby significantly extending the Greenbushes mine life.

The lithium Measured and Indicated Mineral Resources estimated as of March 31, 2011 represent a 127% increase in tonnes of contained LCE over the lithium Measured and Indicated Mineral Resources estimated as of March 31, 2010. Likewise, the lithium Proven and Probable Mineral Reserves calculated as of March 31, 2011 represent a 157% increase in contained LCE over the lithium Proven and Probable Mineral Reserve estimated as of March 31, 2010. As the orebody remains open both along strike and at depth, further opportunities exist to increase lithium Mineral Reserves and increase production and extend mine life at the Greenbushes Lithium Operations in the future.

Talison does not consider that the estimate of lithium Mineral Resources and Mineral Reserves will be materially affected by any known environmental, permitting, title, mining, infrastructure or metallurgical issues. For further information refer to the technical report in respect of the Greenbushes Lithium Operations titled "Greenbushes Lithium Operations, Located in Western Australia – Australia" dated July 26, 2010, a copy of which can be found on Talison's SEDAR profile at www.sedar.com.

NI 43-101 - Technical ReportA National Instrument 43-101 compliant technical report with respect to the update of Talison's lithium Mineral Resources and Mineral Reserves at the Greenbushes Lithium Operations will be filed on SEDAR within 45 days of the date of this press release. Readers are cautioned not to rely solely on the summary of the updated lithium Mineral Resources and Mineral Reserves contained in this press release, but should read the new technical report regarding the Greenbushes Lithium Operations when it becomes available on SEDAR.

The updated lithium Mineral Resource estimates were prepared by Mr. Scott Jackson (BSc (Hons), CFSG, MAusIMM, MAIG), Director and Principal Consultant, of Quantitative Group Pty Ltd ("Quantitative Group") of Perth, Western Australia, in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves 2004 Edition (the JORC Code), which is comparable with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. Quantitative Group undertook statistical analysis, block estimation, validation and classification of the Mineral Resource, constructed the Mineral Resource block model and reviewed the QA/QC data. The Quantitative Group work was undertaken or supervised by Mr. Jackson, who also reviewed data collection and data quality. Mr. Jackson is independent of Talison and a "Qualified Person" in accordance with National Instrument 43-101.

The updated lithium Mineral Reserves were prepared by Messrs. Andrew Purvis (BSc (Hons), MSc, MAusIMM), General Manager Geology, Talison, and Stephen Green (B. Eng,MAusIMM), Manager, Mining and Environment at the Greenbushes Lithium Operations each of whom is a full-time employee of Talison and a "Qualified Person" in accordance with National Instrument 43-101. The lithium Mineral Reserves were calculated based on a 2% Li₂O cut-off grade and the costs and recoveries for the second stage expansion of the Greenbushes Lithium Operations. The updated lithium Mineral Reserve calculations were reviewed by Mr. Peter Ingham (MSc, BSc, FAusIMM, MIMMM, Cen), General Manager Mining, of Behre Dolbear Australia Pty Ltd. Mr. Ingham is independent of Talison and a "Qualified Person" in accordance with National Instrument 43-101.

Scientific and technical information in this press release was reviewed by Andrew Purvis, General Manager Geology, Talison.

Third Quarter 2011 Financial ResultsTalison will release its financial results for the three and nine months ended March 31, 2011 prior to the opening of the market on Thursday, May 12, 2011.

Peter Oliver, Chief Executive Officer and Managing Director of Talison will host a conference call on Tuesday, May 17, 2011 at 9:00 a.m. EDT (6:00 a.m. PDT) to discuss the results.
Teleconference and replay call details will be distributed in conjunction with the financial results.

About TalisonTalison is a 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 has an extensive, well established global customer network and a leading position in the growing Chinese market.

Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this press release, including any information as to Talison's mineral reserve and mineral resource estimates, strategy, projects, plans, prospects, future outlook, anticipated events or results or future financial or operating performance, may constitute "forward-looking information" within the meaning of Canadian securities laws. All statements, other than statements of historical fact, constitute forward-looking information. Forward-looking information can often, but not always, be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "predicts", "potential", "continue" or "believes", or variations (including negative variations) of such words, or statements that certain actions, events or results "may", "could", "would", "should", "might", "potential to", or "will" be taken, occur or be achieved or other similar expressions concerning matters that are not historical facts. The purpose of forward-looking information is to provide the reader with information about management's expectations and plans. Readers are cautioned that forward-looking statements are not guarantees of future performance. All forward-looking statements made or incorporated in this press release are qualified by these cautionary statements.
Forward-looking statements are necessarily based on a number of factors, estimates and assumptions that, while considered reasonable by Talison, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Such factors, estimates and assumptions include, but are not limited to: anticipated financial and operating performance of Talison, its subsidiaries and their respective projects; Talison's market position; future prices of lithium or lithium concentrates; estimation of mineral reserves and mineral resources; realization of mineral reserve and mineral resource estimates; timing, amount and costs of estimated future production; grade, quality and content of concentrate produced; sale of production; capital, operating and exploration expenditures; costs and timing of the expansion of the Greenbushes Lithium Operations; exploration and development of the Salares 7 lithium project; costs and timing of future exploration; requirements for additional capital; government regulation of exploration, development and mining operations; environmental risks; reclamation and rehabilitation expenses; title disputes or claims; absence of significant risks relating to Talison's mining operations; the costs of Talison's hedging policy; sales risks related to China; currency; interest rates, and limitations of insurance coverage. While Talison considers these factors, estimates and assumptions to be reasonable based on information currently available to it, they may prove to be incorrect and actual results may vary. Readers are cautioned that forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Talison and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risk factors include, amount others, those described in the unaudited interim consolidated financial statements of Talison and the related notes thereto as at and for the three and six month interim periods ended December 31, 2010 dated February 10, 2011 and under the heading "Risk Factors" in the annual information form of Talison for the year ended June 30, 2010 dated January 12, 2011, each of which can be found on Talison's SEDAR profile at www.sedar.com. While Talison considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect and actual results may vary.
Although Talison has attempted to identify statements containing important factors that could cause actual actions, event or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this press release based on the opinions and estimates of management on the date statements containing such forward-looking information are made. Except as required by law, Talison disclaims any obligation to update any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.

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