Pan American Lithium Corp. CEO Featured on GLX-TV Financial News

TUCSON, Ariz., March 5, 2012 (GLOBE NEWSWIRE) -- Pan American Lithium Corp. (TSX-V:PL) (OTCBB/OTCQB:PALTF) CEO Andrew Brodkey cited the soaring growth in demand for lithium and its positive impact on lithium producers in an interview on the GLX-TV Financial News network. The interview is available at: http://www.youtube.com/watch?v=I8pXsi_ENyg&feature=youtu.be

Brodkey recently returned from the 4th Annual Lithium Supply and Markets Conference 2012 that was held in Buenos Aires. At the conference, which is attended by key leaders in the worldwide lithium trade, industry experts issued a bullish outlook for the growth of lithium demand.

In a development of key importance, Brodkey said that the four major companies that are now mining lithium acknowledged at the Buenos Aires conference that market demand will support newer players such as Pan American Lithium.

Lithium is essential, and is in high demand, for a wide range of batteries products due to its lower weight and higher power density compared to lead acid batteries, Brodkey pointed out. It is used in mobile devices such as smartphones, tablets, and for batteries in conventional, hybrid and electric automobiles. Growth in demand for all of these products is expected to rise rapidly.

Brodkey noted that the international lithium carbonate market has grown from 100,000 tons in 2009 to 150,000 tons in 2011. Future prospects for demand are to reach 300,000 tons in 2020 and 500,000 tons in 2025.

Pan American Lithium's projects focus on brines in or under salars (dry lake beds) in Chile. The company owns interests in 11 salars, mineral-rich brine lakes, with the potential to produce lithium, potassium and other metals, all located in the mineral-rich Atacama Region III of Chile. Brodkey pointed out that lithium production from water sources is far less expensive than hard rock, excavation-based mining and involves pumping and filtering processes.

The company has obtained financing through a private placement with POSCO Canada (Poscan), a subsidiary of South Korean steelmaker POSCO PKX, among other sources. The investment from POSCO of almost $1.5 million will help Pan American to produce lithium and potassium within the next four years.

In addition, the agreement gives POSCO the right to build a lithium and potassium pilot plant at one of Pan America's brine properties in Chile.

Pan American also has interests in additional lithium projects, including an option on a concession in the geothermal brines currently being produced at the Cerro Prieto geothermal power plant located in Baja California, Mexico.

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company, such as the statements that the Company believes that through this agreement it will reach its goals, which are to increase trading volume as well as achieving a fair market value representation for Pan American shares while increasing the investment community's awareness of the Company. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) inability of the Company to complete its business plan; (ii) a decrease in demand for and price of lithium or potassium; and (iii) general uncertainties with respect to mineral exploration in general. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company does not intend to update these forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.