Etna Resources Inc. Changes Name to Pan American Lithium Corp.
TUSCON, ARIZONA–(Marketwire – Jan. 20, 2010) – Pan American Lithium Corp. (formerly Etna Resources Inc. (TSX VENTURE:ETN)) (the “Company”) – Effective at the marketplace opening on Jan 21, 2010, the usual shares of the Company will embark traffic on TSX Venture Exchange underneath the name of Pan American Lithium Corp.. The Company is personal as a ‘Mining Exploration/Development’ company, with Lithium projects in Chile and Mexico. Pan American Lithium Corp. will traffic underneath the pitch TSX-V:PL.
Chilean Brine Salars
The Company is the owners of interests in 9 salars with the intensity to furnish lithium and alternative metals from aspect lakes and subsurface brines, all located in the mineral-rich Atacama Region III of Chile. The rights in these 9 lithium salars cover a accumulative area in additional of 11,500 hectares, all permitted around workable roads. The Company has submitted a NI-43-101 agreeable inform on these projects and is now reviewing the portfolio to establish a priority amongst these properties and a routine to move brazen on the technical comment of these sites.
Mexican Geothermal Plant Brines
In addition, as voiced on Dec 21, 2009, the Company has entered in to a Share Option Agreement with Escondidas Internacional S.A. de C.V. (“Escondidas”), a secretly hold Mexican corporation, and the Shareholders of Escondidas. This Agreement provides for the of the choice to take 76% of the shares of Escondidas from the Shareholders of Escondidas by the Company, which will outcome in the Company reception surreptitious interests in a corner try whereby Escondidas and an additional celebration will mutually rise lithium and changed metals owned by concessions in the geothermal brines now being constructed at the Cierro Prieto geothermal energy plant located in Baja California, Mexico, rounded off thirty km south of the city of Mexicali.
On Behalf of the Board,
ETNA RESOURCES INC.
Andrew A. Brodkey, President and CEO
This press recover contains projections and forward-looking report which engage assorted risks and uncertainties per destiny events. Such forward-looking report can embody but reduction statements formed on stream expectations involving a series of risks and uncertainties and have been not guarantees of destiny opening of the Company such as (i) the Company is the owners of interests in 9 salars with the intensity to furnish lithium and alternative metals; and (ii) the Company reception surreptitious interests in a corner try whereby Escondidas and an additional celebration will mutually rise lithium and changed metals . There have been countless risks and uncertainties which could means tangible formula and the Company’s skeleton and objectives to talk about materially from those voiced in the forward-looking information, together with the (i) incapacity to acquire last Exchange capitulation for the Escondidas contract for any reason; and (ii) ubiquitous uncertainties with apply oneself to vegetable scrutiny and the 9 high seas salars in general. Actual formula and destiny events could talk about materially from those expected in such information. These and all successive created and verbal forward-looking report have been formed on estimates and opinions of government on the dates they have been done and have been specifically competent in their whole by this notice.
We find protected Harbor.
Neither TSX Venture Exchange nor the Regulation Services Provider (as which tenure is tangible in the policies of the TSX Venture Exchange) accepts shortcoming for the endowment or correctness of this release.
