Canada Lithium Corp. (TSX: CLQ) (U.S. OTC: CLQMF) announced today that it intends to vigorously defend itself and its assets against a class action lawsuit initiated in a Statement of Claim dated May 9, 2011 and recently certified by the courts.  The suit arises from a mineral resource estimate announced by Canada Lithium on October 28, 2010.

On August  6, 2013, the Ontario Court issued an Order, with the consent of the Company, which granted permission to the Plaintiffs to amend their Statement of Claim to plead the statutory cause of action for secondary misrepresentation, and certified the lawsuit as a class proceeding.  These are both procedural steps, and none of the allegations in the lawsuit, as amended, have been assessed or determined by the Court. The Company continues to deny that the allegations will be proven at trial. In addition, the Plaintiff, on behalf of the Class, and with the approval of the Court, agreed to discontinue the claims in negligence and negligent misrepresentation originally asserted in the lawsuit against the Company.

About Canada Lithium Corp.

The Company holds a 100% interest in the Québec Lithium Project near Val d’Or, the geographical heart of the Québec mining industry. It has completed construction and is in the commissioning phase of an open-pit mine and on-site processing plant with estimated capacity to produce approximately 20,000 tonnes of battery-grade lithium carbonate annually. Metallurgical tests have produced battery-grade lithium carbonate samples. A five-year off-take agreement for a minimum of 12,000 tonnes per year was recently signed with Tewoo-ERDC, one of China’s largest commodities traders. A second off-take for up to 5,000 tonnes per year was recently signed with Marubeni Corp., a major Japanese commodities trading company. Lithium carbonate is used in lithium-ion batteries that power consumer electronics (laptops, tablets, etc.), power-grid storage facilities and electric and hybrid vehicles. ended December 31, 2012 and the Financials and MD&A for the three-month period ended March 31, 2013.