The PCDlens comprises relati ely unaltered olcaniclastic sandstone andclaystones which are the dominant rock types. Lithium-rich beds aregenerally 1 to 10 m thick with some areas as much as 60 m thick.Collu ium as thick as 10 m co ers much o the area. Recent drilling byWestern Lithium shows that the a erage thickness o Li mineralization ismuch thicker than indicated by Che ron data because many o the Che ronholes stopped in mineralization.Table 1: King's alley Stage I (PCD) Lens Mineral ResourcesKings alley PCD Area Indicated Mineral Resources, 0.20 Li Cuto LCEContainedContainedCuto MetricImperialPounds MetricLi TonnesTons Li Li Tonnes0.02577,887,00085,856,0000.226388,583,000938,0000.05077,618,00085,559,0000.227388,439,000938,0000.07576,951,00084,824,0000.228387,475,000936,0000.10075,671,00083,413,0000.231385,033,000929,0000.12573,153,00080,637,0000.235378,671,000914,0000.15068,306,00075,294,0000.242363,822,000878,0000.17559,584,00065,681,0000.253332,475,000803,0000.20048,098,00053,019,0000.269284,924,000688,0000.22535,682,00039,332,0000.288226,868,000548,0000.25025,770,00028,406,0000.308175,095,000423,0000.27518,237,00020,103,0000.327131,635,000318,0000.30012,422,00013,693,0000.346 94,840,000229,0000.325 8,004,000 8,823,0000.365 64,446,000156,0000.350 4,696,000 5,176,0000.385 39,897,000 96,0000.375 2,349,000 2,589,0000.410 21,207,000 51,000Kings alley PCD Area In erred Mineral Resources, 0.20 Li Cuto LCEContainedContainedCuto MetricImperialPounds MetricLi TonnesTons Li Li Tonnes0.02575,030,00082,706,0000.216357,786,000864,0000.05072,665,00080,100,0000.222355,802,000859,0000.07571,565,00078,887,0000.225354,359,000855,0000.10070,003,00077,165,0000.228351,255,000848,0000.12566,820,00073,656,0000.233343,384,000829,0000.15062,406,00068,791,0000.240329,923,000796,0000.17553,947,00059,466,0000.252299,233,000723,0000.200 42,315,00046,645,0000.269251,041,000606,0000.22530,364,00033,471,0000.291195,069,000471,0000.25020,932,00023,074,0000.317146,105,000353,0000.27515,884,00017,509,0000.334116,962,000282,0000.30010,349,00011,407,0000.358 81,746,000197,0000.325 6,971,000 7,684,0000.381 58,520,000141,0000.350 4,295,000 4,735,0000.408 38,672,000 93,0000.375 2,861,000 3,154,0000.432 27,225,000 66,000(i) In erred tons within 700 t. o nearest drill hole, Indicated tons 2drill holes within 660 t., 1 within 470 t.;Contained metal does not allow or mine and metallurgical reco ery; 17.8 t3/ton tonnage actor used;Economic assumptions or base-case cuto grade (high-lighted), $3.50Lithium Carbonate USD/lb, 60 metallurgical reco ery;$45 USD/ton processing, $2 USD/ton Mining;Rounding errors may existOwnershipWestern Lithium has leased claims rom Western UraniumCorporation or the purpose o lithium exploration and exploitation. Duplicateanalyses were per ormed on pulp samples at American Assay Laboratories(AAL). Those samples were prepared and analyzed in the same batch as theoriginal sample Check assays were per ormed two ways.
DennisByran, ice President o Corporate De elopment or Western Lithium, isthe Quali ied Person that re iewed the technical data in this pressrelease. Western Lithium Corporation is a mineral exploration and de elopmentcompany with a ocus on lithium. orward-looking in ormation is subject to a ariety o risks and uncertainties which could cause actual e ents or results todi er rom those re lected in the orward-looking in ormation,including, without limitation, risks and uncertainties relating to oreign currency luctuations; risks inherent in mining includingen ironmental hazards, industrial accidents, unusual or unexpectedgeological ormations, ground control problems and looding; risksassociated with the estimation o mineral resources and reser es and thegeology, grade and continuity o mineral deposits; the possibility that uture exploration, de elopment or mining results will not be consistentwith the Company's expectations; the potential or and e ects o labourdisputes or other unanticipated di iculties with or shortages o labouror interruptions in production; actual ore mined arying rom estimateso grade, tonnage, dilution and metallurgical and other characteristics;the inherent uncertainty o production and cost estimates and thepotential or unexpected costs and expenses, commodity price luctuations; uncertain political and economic en ironments; changes inlaws or policies, oreign taxation, delays or the inability to obtainnecessary go ernmental permits; and other risks and uncertainties,including those described in each management discussion and analysis. orward-looking in ormation is in addition based on arious assumptionsincluding, without limitation, the expectations and belie s o management, the assumed long term price o lithium; that the Company canaccess inancing, appropriate equipment and su icient labour and thatthe political en ironment where the Company operates will continue tosupport the de elopment and operation o mining projects. Should one ormore o these risks and uncertainties materialize, or should underlyingassumptions pro e incorrect, actual results may ary materially romthose described in the orward-looking in ormation. Accordingly, readersare ad ised not to place undue reliance on orward-looking in ormation.Cautionary Notes to In estors - Reser e and Resource EstimatesIn accordance with applicable Canadian securities regulatoryrequirements, all mineral reser e and mineral resource estimates o theCompany disclosed in this release ha e been prepared in accordance withCanadian National Instrument 43-101 - Standards o Disclosure or MineralProjects ("NI 43-101"), classi ied in accordance with Canadian Instituteo Mining Metallurgy and Petroleum's "CIM Standards on Mineral Resourcesand Reser es De initions and Guidelines" (the "CIM Guidelines").The Company uses the terms "mineral resources", "measured mineralresources", "indicated mineral resources" and "in erred mineralresources".
While those terms are recognized by Canadian securitiesregulatory authorities, they are not recognized by the United StatesSecurities and Exchange Commission (the "SEC") and the SEC does notpermit U.S. companies to disclose resources in their ilings with the SEC.Pursuant to the CIM Guidelines, mineral resources ha e a higher degree o uncertainty than mineral reser es as to their existence as well as theireconomic and legal easibility. In erred mineral resources, when comparedwith measured or indicated mineral resources, ha e the least certainty asto their existence, and it cannot be assumed that all or any part o anin erred mineral resource will be upgraded to an indicated or measuredmineral resource as a result o continued exploration. Pursuant to NI43-101, in erred mineral resources may not orm the basis o any economicanalysis, including any easibility study. Accordingly, readers arecautioned not to assume that all or any part o a mineral resourceexists, will e er be con erted into a mineral reser e, or is or will e erbe economically or legally mineable or reco ered.The TSX entureExchange has neither appro ed or disappro ed o the contents o thispress release.Contacts:Western Lithium Canada CorporationJay ChmelauskasPresident(604) 639-2144(604) 488-0319 ( AX)Email: Website: 2009, Market Wire, All rights reser ed.-0-. CHICAGO & MONTERREY, Mexico(Business Wire) itch Ratings published today its new criteria report or rating ConstructionBridge Loan Securitizations in Mexico. The report pro ides detailed in ormationon itch's rating process and key elements o rating di erentiation betweentransaction structures and originators/ser icers.