Cohen Independent Research Report on AmeriLithium Sets $7.80 5-Year Best Price, with $3.63 Current Price Target

LAKE TAHOE, NV, April 26 /PRNewswire-FirstCall/ -- AmeriLithium (OTC Bulletin Board: AMEL; "AmeriLithium" or "the Company") is pleased to announce receiving a 5-year best price target of $7.80 in an April 21, 2010 research coverage report that concluded AmeriLithium was "a unique opportunity to capitalize on the emerging lithium market."

The report, which was prepared by Cohen Independent Research (CIR), included an official Cohen Target Price of $3.63 per share, which is significantly higher (175.3%) than the $1.32 share price at the time the report was authored (information on the report's calculations is included below).

"We expect robust revenue growth on the back of favorable industry outlook," the CIR report stated, "coupled with AMEL's excellent property locations and management's significant industry experience." The CIR report also pointed out that, "[the] Company has also acquired necessary capital to sustain exploration activities in the coming year which highlights the management's capabilities to take the Company forward," and that AmeriLithium's "business model is scalable and will create revenues from various industry verticals distributing the risk."

Commenting specifically on the capability of AmeriLithium's management team, the report stated: "AMEL's management is both experienced and well-connected to take the Company to the next level of development. The management's contacts within the mining and banking communities of the country and cordial relations with some of the world's greatest and most experienced geologists and mining experts and engineers have enabled the Company to secure the mineral rights in two of North America's strategically placed lithium reserves and also the rich Australian reserve."

By way of a final conclusion, the report stated: "We believe AMEL is on a fast paced growth trajectory as the demand for lithium leads to both higher volume and prices for the metal. We believe AmeriLithium is a lucrative opportunity for risk adverse investors to access the large opportunity in the industry."

Matthew Worrall, CEO of AmeriLithium, commented on the report by saying, "It's always nice to receive such positive validation from a third party. When it comes to 'blowing our own horn,' the AmeriLithium team can only do so much; we basically put the information out there for potential shareholders to consider and evaluate. Except now they can also benefit from seeing how CIR considered and evaluated all the information on our emerging company. And with a target price of $3.63, it will be very interesting to see what happens in the days to come."

The full CIR report can be downloaded here: http://www.cohenresearch.com/

REPORT CALCULATIONS

The CIR report's calculations made use of forecasts for Sales, Margins and Earnings as well as Revenue generation from 2010 to 2014. Based on the forecasts, the report concluded that "operating margins are expected to be healthy." The report's revenue forecasts for AmeriLithium included:

• 2011 – Production: 1,200 tons Lithium; Total Revenue: $7.92 million
• 2012 – Production: 3,400 tons Lithium; Total Revenue: $25.84 million
• 2013 – Production: 8,600 tons Lithium; Total Revenue: $74.82 million
• 2014 – Production: 19,200 tons Lithium; Total Revenue: $174.72 million

In addition to using these forecasts, the CIR report calculated its Cohen Price Target share price as outlined below:

"The Cohen Price Target is calculated using market-based multiple valuation, Discounted Cash Flow (DCF) and by applying the Cohen Price Performance Index approach. The multiple based valuation approach uses the expected 2010 Price-to-Earnings and Price-to-Capital Employed ratio. We also include the Cohen Price Performance Index, which is representative of the past coverage performance of all stocks evaluated by us. The last component in calculating the Cohen Price Target is the value derived using the long-term Cohen Discounted Cash Flow (DCF) valuation approach. Based on an average of these methods, AMEL common stock is valued at $3.63 per share significantly higher than the current price of $1.32 per share."

FOR MORE INFORMATION

More information on the CIR Coverage Research Report on AmeriLithium, 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 ~710,000 acres, including a Nevada-based project adjacent to the only lithium producing plant in the US, a large project in Alberta, Canada, and a project in Western Australia.

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.

The CIR report was written independently by Cohen Independent Research. CIR has not owned or traded shares of the Company. The Company has paid $15,000 to CIR for the report referenced herein.

SOURCE AmeriLithium Corp.