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TheStreet Open House

Li3 Energy Closes $8 Million First Tranche Of Funding With POSCO

Stocks in this article: LIEG PKX

With its controlling interest in its Maricunga project, Li3's goals are to; a) support the global implementation of clean and green energy initiatives; b) meet growing lithium market demand and; c) become a mid-tier, low cost supplier of lithium, potassium nitrate, iodine and other strategic minerals, serving global clients in the energy, fertilizer and specialty chemical industries. Additional information regarding the company can be found in our recent filings with the SEC as well as the information maintained on our website www.li3energy.com.

Forward-Looking Statements

All statements other than statements of historical facts included in this news release including, without limitation, statements preceded by, followed by or that otherwise include the words  "believes," "expects," "anticipates," "intends," "estimates," "projects," "potential," "target," "goal," "plans," "objective," "should" or similar expressions or variations on such expressions are forward-looking statements. The Company can give no assurances that the assumptions upon which the forward-looking statements are based will prove to be correct. Forward-looking statements involve risks, uncertainties and assumptions, and are based on information currently available to us. Actual results may differ materially from those expressed in forward-looking statements due to many factors, including, without limitation: the results of initial exploration, and the satisfaction of the conditions precedent to POSCAN's additional investment; determination by the Company and POSCAN of whether to pursue any contemplated test facility or other transactions; the Company's ability to raise additional capital to complete exploration, development and commercialization of the Maricunga Project and other opportunities; future findings and economic assessment reports; the Company's ability to obtain necessary Chilean governmental consents; the Company's ability to identify appropriate corporate acquisition and/or joint venture opportunities in the lithium mining sector and to establish appropriate technical and managerial infrastructure; political stability in Chile and other countries in which we operate; and lithium prices. For further information about certain risks faced by the Company, see the "Risk Factors" in the Registration Statement on Form S-1, filed with the SEC on July 1st, 2011 and in subsequent filings with the SEC. The Company undertakes no obligation to update any forward-looking statement contained in this news release to reflect events or circumstances that may arise after the date of this release.

Contact: Li3 Energy, Inc. Luis Saenz, CEO Marchant Pereira 150 Oficina 803  Providencia  SantiagoChile 011-511-212-1880 luis.saenz@li3energy.com

The InVentures Group Inc. Marc S. Lubow,Managing Partner(904) 645 – 9549 info@li3energy.com

SOURCE Li3 Energy Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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