ILC International Lithium Corp

International Lithium Corp. (TSX VENTURE:ILC)(TSX VENTURE:ILC.WT)(PINK
SHEETS:ILHMF) (the "Company") is pleased to announce that it has closed the
brokered private placement to raise up to $1,000,000 announced on July 11, 2011.


The Company issued 3,636,363 flow-through units (the "FT Units") at a price of
$0.275 per FT Unit. Each FT Unit consists of one flow-through common share and
one-half of one transferable common share purchase warrant. Each whole share
purchase warrant entitles the holder to purchase one additional non flow-through
common share of the Company for a period of 24 months from the closing date of
the private placement at an exercise price of $0.40 per share.


A Finder was paid a cash finder's fee equal to 6% of the proceeds of the private
placement. In addition, they received 290,909 non flow-through common share
purchase warrants being 8% of the number of FT Units subscribed for (each a
"Finder's Warrant"). Each Finder's Warrant entitles the Finder to purchase an
additional non flow-through common share of the Company at a price of $0.40 per
share for a period of 24 months from the closing. All of the securities issued
under the private placement are subject to hold periods expiring on November 22,
2011.


ABOUT INTERNATIONAL LITHIUM CORP.

International Lithium Corp. is an international rare element metals ("REM")
mineral exploration company with an outstanding portfolio of projects, strong
management ownership, robust financial support and a prominent lithium product
manufacturer as a keystone investor.


ILC currently has 9 active REM projects, well balanced between lithium brines in
Argentina and Nevada and hard-rock pegmatites in Canada and Ireland. The
Company's primary focus is the Mariana lithium brine project, a salar or 'salt
lake', covering an expansive 160 square kilometres and strategically
encompassing the entire basin. Mariana is located in the renowned South American
'Lithium Belt' centred on the junction of Argentina, Bolivia and Chile that is
host to the vast majority of global lithium resources, reserves and production.
The Mariana lithium brine project ranks as one of the more prospective salars in
the region.


Complementing the Company's lithium brine projects are the REM pegmatite
properties. The key characteristics shared by the hard-rock REM projects are
their limited past exploration, excellent accessibility, limited assaying for
rare metals, clear potential for additional exploration to add project value and
development potential to meet the global technological growth in demand for the
REM suite of elements.


International Lithium Corp.'s mandate is to increase shareholder value through
aggressive advancement of its core projects and to source joint venture partners
to expand the scope and diversify risk of its exploration effort.


On behalf of the Board,

Mike Sieb, President - International Lithium 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.


Shares CUSIP: #459820 10 6

Warrant CUSIP: #459820 11 4

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