AmeriLithium Announces Successful Completion of Field Work on Nevada-Based Paymaster Asset

LAKE TAHOE, NV, May 17 /PRNewswire-FirstCall/ -- AmeriLithium Corp. (OTC Bulletin Board: AMEL; "AmeriLithium" or "the Company") is pleased to announce the completion of the field work stages of the geophysical survey by GeoXplor Corp. on the Company's Paymaster Project in Nevada. Results from the survey will be made available within the next 2 to 4 weeks in a report from GeoXplor geophysicist Jim Hasbrouck. AmeriLithium will announce the survey results in due course while making photos of the Nevada site and survey available in the near future at http://www.amerilithium.com.

The survey team, led by John Rudd and Jim Hasbrouck of GeoXplor, completed 25 kilometers of lines at 250m station readings on May 5, 2010. AmeriLithium's Vice President of Exploration & Chief Geologist, Robert Allender, was onsite during the survey activities to oversee the operation, which was completed later than expected due to severe winds on the site.

"Now that the Paymaster field work is successfully completed, we're excited to know what the survey's results indicate," said Robert Allender, AmeriLithium's VP of Exploration & Chief Geologist. "And once we're armed with that data about the basin's depth, we'll be in the position to define areas of maximum potential for Lithium brine concentrations. It's encouraging to see the Company advancing in this way, especially since we're talking about exploration that's going on right here in our own backyard of Nevada."

AmeriLithium's Paymaster Project represents a 5,880-acre claim block adjacent to the Clayton Valley playa, where Lithium-rich brines and evaporates have been accumulating for more than 30,000 years, resulting in the highest Lithium content found in any brines tested by the US Geological Survey (USGS) in southwestern US playas and basins.(1) Clayton Valley is home to the only US-based Lithium producing plant, operated by neighboring Chemetall Foote Corporation, a subsidiary of Rockwood Holdings, Inc. The plant has been in production since 1967, producing an estimated 50 million kg (55,000+ tons) of Lithium to date from the region's rich brines.(2)

Lithium deposits are currently mined to the immediate south of AmeriLithium's Paymaster Project in Clayton Valley via an environment-friendly and economic solution-mining technique, pumping brines from aquifers only a few hundred meters beneath the valley.(3) Such subsurface brines currently represent the dominant raw material for Lithium carbonate production worldwide due to the lower production costs when compared with hard-rock ore mining and processing.(4)

FOR MORE INFORMATION

More information on the Paymaster Project and its exploration program, and additional information regarding the Company, can be found at AmeriLithium's corporate website www.amerilithium.com along with the facility to sign up for regular news updates.

ABOUT LITHIUM: Lithium is a lightweight metal used in a wide range of consumer products the world over: the medical industry uses Lithium as an anti-depressant; industrial uses include glass, ceramic and porcelain enamel manufacture; the aviation industry uses Lithium in alloys. Of particular interest is the use of Lithium for battery production, which has expanded significantly in recent years due to rechargeable Lithium batteries being used increasingly in electrical tools and in the rapidly expanding portable electronics market. Furthermore, the next generation of hybrid and electric vehicles are being designed to use high-capacity Lithium-ion batteries as environmentally-friendly fuel alternatives while the Obama administration has introduced $5 billion in funding and incentives for the development of a secure, domestic battery industry with special focus on Lithium-ion batteries.

ABOUT AMERILITHIUM: AmeriLithium is a publicly traded (NASD OTC BB: AMEL), mining company committed to progressively developing into one of the leading American players in the global Lithium industry. The Company is headquartered in Lake Tahoe, NV. AmeriLithium has amassed a Lithium portfolio consisting of ~724,000 acres, including three Nevada-based projects nearby the only Lithium producing plant in the US, a large project in Alberta, Canada, and a project in Western Australia.

ON BEHALF OF THE BOARD OF DIRECTORS,

INVESTOR RELATIONS:

Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. AmeriLithium Corp. bases these forward-looking statements on current expectations and projections about future events, based on information currently available. The forward-looking statements contained in this press release may also include statements relating to AmeriLithium Corp.'s anticipated financial performance, business prospects, new developments, strategies and similar matters. AmeriLithium Corp. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.

1 NI 43-101 Technical Report by Coast Mountain Geological Ltd for Rodinia Minerals Inc, Mar. 12, 2009

2 Rodinia Minerals Inc website, Feb. 25, 2009

3 Clayton Valley Lithium presentation, GeoXplor Corporation

4 USGS Mineral Commodity Summary, 2010

SOURCE AmeriLithium Corp.