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International Lithium Corp. announces strategic changes

ILCInternational Lithium Corp. ("ILC") announces that Kirill Klip, the president of ILC, has been appointed as CEO, such that he will act as the CEO, president and chairman of the company.

Gary Schellenberg has resigned as CEO and a director of the Company.

Mike Sieb has also resigned as a director of the Company and Jerry Bella has resigned as Chief Financial Officer and Corporate Secretary.

To fill the vacancies of the departing directors and officers, and to add an additional director, as permitted by ILC’s Articles, David Shen, John Wisbey and Ross Thompson have been appointed (subject to TSXV approval) as directors of the Company.

David Shen has a Masters of Science Degree in Marketing from Leeds Metropolitan University and Bachelor of Arts Degree in Honours Business Administration from the University of Huddersfield in the UK.

Prior to joining the Lithium industry, he worked as a customer manager of Corporate banking in a Hong Kong bank for almost 5 years. He currently works directly with the President of Ganfeng Lithium.

John Wisbey started his career as a banker at Kleinwort Benson after graduating from Cambridge University. He had various roles there including corporate lending and was later a director in the derivatives group and head of options.

Mr. Wisbey is also a technology entrepreneur founding two companies that have gone public on the London AIM market, namely IDOX plc (software for Local Authority Planning Applications) and Lombard Risk Management plc (software for risk management and regulation) and more recently an early stage private company Convendia Ltd.

He has acted as a public company chairman, CEO or director for 16 years. Mr. Wisbey will fill the role of corporate secretary.

Ross Thompson is a speaker and expert in marketing behavioural science. In 1995, he started a company Giftpoint Ltd. which is now one of the largest specialist promotional merchandise businesses in the UK with offices in London and Shanghai, whose clients include L’Oreal, Oracle, Ocado, and Pernod Ricard among others.

Mr. Thompson was President of IGC Global Promotions for seven years, one of the world’s oldest and largest global network of premium resellers. He is an active investor having a special interest and understanding of natural resources businesses.

Maurice Brooks has been appointed (subject to TSXV approval) as interim CFO.

Mr. Brooks is a licensed senior statutory auditor in the UK. Since 2000, he has been a senior partner in Johnson, Smith & Co., Chartered Accountants and Statutory Auditors.

Previously, he had been Finance and Deputy Managing Director of a vehicle producer, Investment Accountant to the Western Australian Government, and before that he had been employed in the audit department of Price Waterhouse Coopers-U.K.

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