VANCOUVER, Canada – Southern Lithium Corp. (TSX-V: SNL) (FSE: SL5) (“Southern” or “the Company”) is pleased to announce the appointment of John P. Ryan as a Director of the Company. Mr. Ryan will serve as a non-executive, independent member of the Southern board and member of the Audit Committee, effective immediately
Larry Segerstrom President of the Company commented: John adds to the independent non-executive balance of the Board and we’re delighted to have secured a seasoned mine industry executive of John’s stature and experience to the board of directors of Southern Lithium. This appointment reflects management and board’s focus on advancing the company forward and we are extremely pleased with his appointment.”
John P. Ryan – B.S., Mining Engineering, J.D., Juris Doctor
Mr. John Ryan has over 21 years’ experience with development-stage companies as a qualified mining engineer with extensive international mining experience particularly in the Coeur d’Alene District including work at the Consolidated Silver Mine and the Galena Mine. Mr. Ryan is the founder and co-founder of a number of resource companies including Royal Silver Mines Inc., Silver Bull Resources, Western Goldfields Inc., and U.S. Silver Corporation. In 2004 he co-founded High Plains Uranium, which successfully acquired uranium assets in the Powder River Basin of Wyoming and in Live Oak County and Bee County, Texas and is now part of Uranium One Corporation. Mr. Ryan has been a senior executive and director of a number of public companies in the USA, Canada, the UK, and Australia including, Consolidated Goldfields Corp., Southern Legacy Minerals, Inc., Sterling Mining Company, Silver Scott Mines, Inc., Plasmet Corp., Premium Exploration, Inc., Trend Petroleum Inc., and Independence Resources Plc. Mr. Ryan spent four years as a Lieutenant on sea duty in the United States Navy. Mr. Ryan holds a B.S., Mining Engineering from the University of Idaho and J.D., Juris Doctor in Corporate Civil Litigation from Boston College Law School.
Southern also announces the resignation of Brent Hahn as a Director and Chief Executive Officer. The Board of Directors of the Company would like to thank Mr. Hahn for his services and for his invaluable contribution to the Company. The Company wishes him the best in his future undertakings.
Southern is also pleased to announce the issuance of 1,100,000 stock options to the new directors and three consultants The options are be exercisable at $0.28 per share and will expire after one year.
About the Cruz Property
The Cruz Property is located within South America’s Lithium Triangle (northern Chile, northwestern Argentina and southwest Bolivia). The property encompasses 2,500 hectares in the Pocitos salar basin in Salta Province, Argentina, and lies 11 kilometers south of Ady Resources’ lithium mining operation in the Salar del Rincon Basin. The property is located along the major fault and volcano chain that defines the southern limit of the Rincon Basin, where ADY Resources is extracting lithium brine, and the northern limit of the Pocitos basin, where the Cruz property is located. Both properties lie along the structural belt that hosts the important lithium resources of the region, and adjacent to the major crossing lineament that is thought to have given rise to the hydrothermal activity that has supplied lithium to both closed salar basins.