VANCOUVER, British Columbia
March 16, 2012
International Lithium Corp.
("ILC" or the "Company") (TSXV: ILC) is pleased to announce the appointment of
, MBA, as President effective immediately.
graduated with the degree in Management from St. Petersburg State University of Railways, later obtaining a degree in Economics from the International Business School in
and a degree in MBA in Finance from both the International Business School in
and Guildhall University in
. He has extensive expertise in banking, transportation, mining, telecommunications and internet industries. Kirill Klip served as the First Vice President and Member of the Board of TransCreditBank (
), Member of the Board of TransTeleCom (
) and Member of the Board of Dry Bulk Terminal (
). He also acted as the Adviser on Finance for the Minister of Russian Railway System (
has acted as Non-Executive Chairman and member of the Board of TNR Gold Corp. (International Lithium's parent company through a Plan of Arrangement and spin-out) and an Adviser to the Board of Canada Zinc Metals.
In addition to years of entrepreneurial and corporate stewardship, he also manages a portfolio of global assets and brings a robust financial network to the group.
Mr. Klip is the largest individual shareholder in International Lithium with approximately 11% of the outstanding shares and holds a 20% equity stake in TNR Gold Corp. Mr. Klip is a UK citizen and resides in
has resigned as President in order to provide Mr. Klip the opportunity to lead the Company through its next stage of development. Mr. Sieb will remain as an active member of and continue to provide technical expertise to the Board of Directors of International Lithium.
"I would like to thank
for the initial launch of International Lithium as a public company with all our TNR Gold team. Mike has delivered impressive technical successes as demonstrated from recent exploration results on numerous ILC projects and structuring the strategic partnership with
based Ganfeng Lithium Co., Ltd. to provide the Company with current and future technical and financial support," states
Mr. Klip's prime objectives will be to advance the market development and value realization of the Company with the continued aggressive exploration of the Company's projects through the resource delineation stage and support of strategic partnerships. His efforts will be aided by focusing on ILC's shareholder base and capitalising on industry connections, particularly in
Mr. Klip is a strong believer in the advancement of green technology and the special place that lithium holds in the advent of the electrification of everyday transportation.