american lithium investor presentation: exploration and development of lithium deposits throughout...

T S X v : Li Exploration and development of lithium deposits throughout the Americas

Lithium 3

Li 6.941 americanlithiumcorp.com

Investor Presentation May 2016

Forward Looking Statements

2 American Lithium Corp TSXv : Li

This presentation may include statement which, other than statements of historical facts, may be considered "forward–looking statements“. These may include, but are not limited to, statements with respect to the future financial or operating performance of the Company and its projects, the future price of lithium or other metal prices, the estimation of mineral resources, the timing and amount of future production, costs of production, capital, operating and exploration expenditures, costs and timing of development of new deposits, costs and timing of future exploration, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims, limitations of insurance coverage and timing and possible outcome of regulatory matters. Often, but not always, forward–looking statements can be identified by the use of words such as "plans", "expects", "budgeted", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward–looking, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Although the Company believes the expectations expressed in such forward–looking statements are based on reasonable assumptions, such statements involve known and unknown risks, uncertainties and assumptions, and are not guarantees of future performance and actual results may differ materially from those expressed in the forward–looking statements. Such factors include, among others: general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities, actual results of reclamation activities; conclusions of economic evaluations; fluctuations in the value of the Canadian dollar; changes in project parameters as plans continue to be refined; changes in labour costs or costs of equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, cave–ins, pit–wall failures, flooding, rock bursts and other acts of God or unfavourable operating conditions and losses, detrimental events that interfere with transportation of lithium, including declaration of Force Majeure events, insurrection or war; delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward–looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward–looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward–looking statements.

Michael Collins, P.Geo. is the Q.P. as defined in National Instrument 43-101 and based on standards established by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), who has reviewed and approved the technical contents of this presentation.

Investment Highlights

Experienced team successfully built major oil sands company from inception to over $2Bil producing commercial entity

Rapidly acquiring large land package

13,000 acres (5,600 hectares) in Fish Lake Valley, Nevada, analogous in scope and size to neighboring Clayton Valley

Program to advance/de-risk projects quickly & inexpensively in 2H 2016

Lean share structure ~29.8 million shares outstanding, ~39.4M fully-diluted

Investigating strategic financing opportunities with leading industry participants


Share Price Performance (3 Months)

Share price $1.05

52 week high / low $1.25-0.05

Shares Outstanding 29,813,281

Stock Options 2,325,000

Warrants 7,210,667

Fully Diluted 39,348,948

Market Capitalization $31,303,945

Financial Information (2016.05.16) Actively engaged in the acquisition, exploration and development of strategically located lithium projects in mining-friendly jurisdictions throughout the Americas

Rapid Growth in Lithium Demand


Source: Albemarle Corp; Goldman Sachs, HDIC Conference, March 2016

Fish Lake Valley

Q2-2016 acquisition of 10,000 acre Fish Lake Valley land package including North and South Bowl Playas

Encompasses the entirety of key structures of the South and North Bowl Playas, which contain the lithium brines, and where gravity data shows distinct gravity lows

Combined the geologic data sets generated through past exploration programs on the North and South Bowl Playas.


Large Nevada Desert basin that exhibits similar geological and geophysical characteristics to Clayton Valley basin

Fish Lake Valley

Clayton Valley

North Bowl Playa

South Bowl Playa

Determined geologic and structural features are strongly analogous to the structural and geologic settings at Albemarle's Silver Peak Lithium-Brine operation at Clayton Valley, 25 miles to the southeast.

N

North Bowl Playa

Q2 2016 - Acquired 100% interest in the North Bowl Playa - Fish Lake Valley property (7,840 acres)

Located in Esmeralda County, west central Nevada

Historic exploration included surface brine sampling, gravity geophysics and drilling

3,545 feet (1080 meters) of direct push drilling within 41 holes at 25 sites

Drill holes range from 42 ft. to 150 ft. in depth

42 brine samples collected from hand held auger holes and near surface waters


Extensive historic exploration data

Extensive Historic Exploration

In Sediment Concentrations: Lithium 116 ppm to 1040 ppm (average 540.7 ppm) Boron 110 ppm to 4070 ppm (average 1772 ppm) Potassium 0.7% to 2.24% (average 1.53%) Magnesium 0.35% to 6.37% (average 2.09%)


National Instrument 43-101 report titled Technical Report, Fish Lake Valley Lithium-Brine Property, Esmeralda County, Nevada, Nov 30, 2015*

Handbook of Lithium and Natural Calcium Chloride – Their Deposits, Processing, Uses and Properties. Garrett, Donald E., 2004; Elsevier Academic Press.

* The detailed disclosure contained in the NI 43-101 Technical Report is hereby incorporated in summary by reference in this presentation. The full text of the Technical Report may be accessed online under the SEDAR profile of Lithium Corp. at www.sedar.com

http://www.sedar.com/

North Bowl Playa


1080 meters (3545 feet) of direct push drilling was completed within 41 holes drilled at 25 sites

Depths ranged from 13.11 m (43.01 ft.) to 47.24 m (154.99 ft.). In addition 42 brine samples were collected from hand held auger holes and surface waters

Brines tested to date also contain anomalous

concentrations of lithium ranging from 0.81 mg/L to 150 mg/L, boron from <1 mg/L to 2670 mg/L, potassium from 30 to 13300 mg/L, and magnesium from 0.116 mg/L to 41.5 mg/L

Sodium is abundant on the property with values ranging from 0.47% to <10% (upper detection limit)

Results indicate the property has near total absence of magnesium in the brines

Near Surface Brine & Direct Push Drill Samples, refer to NI 43-101 Technical Report for complete results and analysis Source: National Instrument 43-101 report titled Technical Report, Fish

Lake Valley Lithium-Brine Property, Esmeralda County, Nevada, Nov 30, 2015

South Bowl Playa

Q2 2016 - Acquired 80% interest in Atlantis Lithium Brine Project - South Bowl Playa (2,882 acres)

69 placer claims and 19 association placer claims in Esmeralda County, Nevada


Located in a desert basin that exhibits similar geological and geophysical characteristics to Clayton Valley where lithium brines accumulate in faulted sub-basins, or "traps"

http://www.nevadasunrise.ca/wp-content/uploads/2016/02/Nevada-Sunrise-Geology-Map-Jan-2016.jpg



Deep Sub-Basin

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Historic geological mapping shows the presence of lithium-bearing rocks in the ranges draining into the Property.

Geophysical exploration at South Bowl Playa in the form of additional gravity and electromagnetic surveys to assist in determining if conductive brines are present at depth, followed by exploratory drilling of interpreted geophysical targets.

American Lithium Corp TSXv : Li

Historical ground gravity data showed a distinct gravity low in the heart of the South Bowl Playa claims, which was interpreted as a strong indication for the presence of a sub-basin that could host lithium-bearing brines.

Recent detailed gravity survey work better defined the historical gravity low as a deep, sub-basin


Exploration & Development Plan


2H 2016 - Follow through exploration and development program in the range of US$1 Mil - $1.5 Mil to focus on structures and sweet spots

Build-out 5 - 6.5 km (3 - 4 miles) of road further into the Playas (cost ~$15K/mile)

Additional ground gravity surveys with plans to follow with sonic drilling program, cost effective way to obtain geological samples from basin sediments

Initial plan to restrict disturbed land to under 5 acres, thus avoiding major permitting issues. Also conduct brine recovery, and evaporating testing.

Fish Lake Valley Lithium-Brine Claims

10,000 acres

Team – Company Builders


Michael Kobler - CEO & Director

Over the past 35 years, Michael Kobler has specialized in identifying, acquiring, developing and producing natural resource opportunities throughout the world as well as overseeing the design and construction of a number of infrastructure projects. He has served in a variety of roles for early stage companies including, Chairman, Chief Executive Officer, President, Technical Advisor, Engineer and Project Manager, and has been a founder and a major shareholder in a number of these ventures. Mr. Kobler has a strong record of success in the exploration, permitting and de-risking of resource projects. His expertise in identifying opportunities through detailed examination of all available information combined with his in-depth knowledge of permitting processes, including detailed environmental work, and dealing with issues related to water supply have positioned him for projects across North and South America. Mr. Kobler has been involved with exploration and mine planning projects at El Pauji in Venezuela as well as mine planning and development projects for HW Mining at La Serena and El Teniente in Chile. In North America, he was involved in developing the mine at the Sacaton Shaft in Casa Grande, Arizona and helped develop the Amethyst Mine at Creede, Colorado for HW Mining. In 2005, Mr. Kobler was a Co-Founder and the original CEO of Osum Oil Sands Corp. (“Osum”) where he oversaw the analysis and acquisitions of the original oil sands leases that form the core of Osum’s projects at Cold Lake and the Saleski carbonates, both in Alberta. During his tenure with Osum, Mike oversaw the growth of the company from start-up to a valuation approaching $500 million; he also hired his successors to ensure the smooth transition of the Company to its next phase of growth and an equity value approaching $2 Billion.


Alan Abrams, B.Sc. - Director Mr. Abrams brings over 35 years of experience managing personnel, projects, and operations within the natural resources and infrastructure industries, both domestic and international. He has a proven history of creating management teams, establishing strategic alliances and joint venture partners, risk management, contractual negotiations, attentive budget management, and overall profitability. Mr. Abrams has managed over $1 billion of infrastructure construction including mass transit, hydroelectric, wastewater, and strategic defense as well as multiple mine development projects in North and South America. He has extensive experience in underground mining in Nevada including shaft sinking and mine development projects at the Newmont Leeville gold mine and the Pumpkin Hollow Shaft copper project where extensive drilling and grouting operations were performed to control groundwater inflows. He has also worked in several underground salt and dolomite mines including the Whiskey Island salt mine in Cleveland. He is currently President of Subterra Solutions, Inc., an international consulting firm and is Vice-President of the Underground Division for Atkinson Construction Company. Mr. Abrams holds a B.Sc. in Mining Engineering from the Montana College of Mineral Science and Technology.

Dana Brock, P.E., R.G., C.E.G. - Vice President

Dana Brock is a field oriented Civil Engineer, Geologist and Engineering Geologist. For over 30 years, he has performed and directed investigations, designed facilities and supported large scale construction and remediation projects. His experience spans a broad range of projects in the U.S. and ten other countries, including facilities development for geothermal well fields (Calpine, Unocal Geothermal, Kiewit, CalEnergy




Con’t - Dana Brock, P.E., R.G., C.E.G. - Vice President – CalEnergy, Coso Operators); exploration, drilling and resource management for low temperature and mineralized waters (Sonoma Mission Inn, City of Calistoga and 29 Palms, Crystal Geyser and Mendocino Mineral Water); private and municipal water supply, distribution, impoundment and disposal (Cities of San Francisco, Santa Rosa, and Burlingame, Kendall-Jackson Wines and DeLoach Wines); basin management and due diligence and technical support for legal issues involving geothermal and oil well fields, mineral prospects and underground construction (Deutsche Bank, Florida Power and Light, Mission Energy, Gordon & Rees and Los Angeles Metropolitan Transportation Authority).

Andrew Squires, B.Sc. - Director Mr. Squires brings over three decades of resource development experience in the energy and natural resources industries both domestic and international. In this time, he has established a proven history of success in creating strong management teams and helping grow new resource ventures into prosperous operations. His entrepreneurial spirit combined with his all-encompassing technical, operational, and financial knowledge on the logistics and complexity in this sector are the talents that have led to his success in helping create and monetize value in the resource development sector. Of recent note, Mr. Squires was part of the original executive team of Osum Oil Sands Corp., a successful junior oil sands company, in which he was instrumental in creating the team and helping raise over $1 Billion in private equity taking the company to commercial production. Prior to starting Osum Oil Sands, Mr. Squires worked for his own consulting firm providing services for clients including Exxon, Pemex, PetroCanada and Chevron. Mr. Squires' engineering and management skills



con’t - Andrew Squires, B.Sc - Director - were honed working for companies such as Dominion Exploration, Paramount Resources and Amoco. Mr. Squires is currently an executive advisor for Osum Oil Sands Corp., President of AXS Industries - a global energy investment advisory firm, a Senior Associate of Renown AMG (upstream energy asset management company), and is actively engaged in a number of start-ups and financings in the energy storage, oilfield equipment, and aerospace fields. Mr. Squires holds a B.Sc. in Mechanical Engineering from the University of Alberta.

Fish Lake Valley, Esmeralda County, Nevada

Investment Summary


World-class team with proven history in large-scale resource development in energy and natural resources industries both domestic and international

Large acreage position over highly prospective lithium-brine basin; continuing aggressive acquisition strategy

Fast, low cost, low risk exploration with plans to follow with inexpensive evaluation & pilot phases to prove resources

Lithium demand growth is compounded by tight supply conditions. Lithium carbonate price has risen from US$5,500 to trade at US$13,000 per tonne on the spot market over the past 3 years (Strachan Corp., April 2016)

CONTACT: Michael Kobler, P.Eng. CEO & Director American Lithium Corp. [email protected] americanlithiumcorp.com

mailto:[email protected]

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