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AmeriLithium Secures $2.5 Million USD Equity Line Financing Agreement With US & UK Based Investor





HENDERSON, NV, Feb. 3, 2012 /PRNewswire/ -- AmeriLithium Corp. (OTC Bulletin Board: AMEL; "AmeriLithium" or the "Company") is pleased to announce that on January 30, 2012, the Company signed an equity line financing agreement with the US and UK based investment fund, TCA Global Master Credit Fund, LP ("TCA" or the "Investor"), for up to $2.5 million dollars over a term of 24 months.

According to the terms of the agreement, the Investor committed to purchase up to $2.5 million dollars of the Company's common stock. The Company will sell to the Investor the common stock at a discount of 5% to the market price using a five day forward volume weighted average price. The amount and timing of each purchase is at the sole discretion of the Company. Each purchase may be up to the greater of 350,000 shares of the Company's common shares or 200% of the average daily volume of shares of common stock traded during the five trading days immediately preceding the delivery of a notice to the Investor.

Of particular interest, neither the Investor nor its affiliates have an open short position in the common stock of AmeriLithium, and the Investor agreed that it will not, and that it will cause its affiliates not to, engage in any short sales of hedging transaction with respect to the Company's common stock. The Investor agrees to sell no more than 25% of the weekly volume as reported by Bloomberg.

In a separate transaction, AmeriLithium received $250,000 in the form of a convertible promissory note.

Matthew Worrall, AmeriLithium's Chief Executive Officer, commented: "We've taken on this finance agreement so we can utilize it to the best advantage of the Company and ensure the continued development of the Company's asset base. In light of having begun the planning and permitting for a targeted drilling program on our four Nevada-based lithium brine properties, this financing agreement has come at just the right time. We now have both the data from our recently-completed geophysical exploration and the funding we need to move to the next phase of exploration for commercial lithium-bearing brine concentrations in Nevada."

Mr. Worrall also commented on the corporate financial strategy behind this agreement: "Having an equity facility available to the Company, such as the agreement with TCA, allows the company to transition towards a healthier, less debt reliant, balance sheet."

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