TUCSON, Ariz., May 29, 2012 (GLOBE NEWSWIRE) -- Pan American Lithium Corp. (TSX-V:PL) (OTCBB:PALTF) ("Pan American" or the "Company"), www.panamericanlithium.com, today announces it has terminated its consulting agreement with Lexxus Capital, Inc. ("Lexxus"), that was previously announced on May 3, 2012, in which Lexxus was to assist the Company as a corporate finance and strategic planning advisor. The Company has, under the agreement, terminated the consulting agreement before any shares were issued.
About Pan American:
Pan American has rights in ten lithium-bearing salars in Chile's Atacama Region III covering cumulatively more than 19,000 hectares, including the Laguna Verde surface brine lake.
On Behalf of the Board
| PAN AMERICAN LITHIUM CORP. |
| /s/ Andrew Brodkey |
| Andrew A. Brodkey |
| President and CEO |
| Tel: (520) 623-3090 |
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