StockGuru Shines its Spotlight on Pan American Lithium Corp. (TSX-V:PL) (OTCBB:PALTF) (OTCQB:PALTF) Upon Announcement of Amendment of Articles to Authorize Preferred Shares — September 26, 2011

StockGuru Shines its Spotlight on Pan American Lithium Corp. (TSX-V:PL) (OTCBB:PALTF) (OTCQB:PALTF) Upon Announcement of Amendment of Articles to Authorize Preferred Shares — September 26, 2011

(Dallas, TX. – September 26, 2011) StockGuru Shines its Spotlight on Pan American Lithium Corp. (TSX-V: PL) (OTCBB: PALTF) (OTCQB: PALTF)  a lithium exploration company with 11 lithium/potash brine projects in Chile.  The Company announced Friday that it has filed a Notice of Alteration with the British Columbia Registrar of Companies to amend its Articles to authorize a class of preferred shares without par value. Following the amendment, the Company is authorized to issue an unlimited number of common shares without par value and an unlimited number of preferred shares without par value. The preferred shares may be issued in series on such terms as determined by the directors of the Company in accordance with the special rights and restrictions as set out in Part 28 of the Articles of the Company.  The Company closed on September 23, 2011, at $0.123, with a market capitalization of $6.09 million.

The Company has also granted 2,125,000 incentive stock options under the Rolling Stock Option Plan to Company directors, officers, employees and consultants, each option of which is exercisable at $0.15 per share until September 22, 2021.

About Pan American:

In total, the Company has rights in eleven lithium and potash-bearing brine projects in Chile’s Atacama Region III covering cumulatively more than 20,000 hectares. The Company also has an option to acquire an indirect interest in the Cierro Prieto geothermal lithium brine project in Baja California Norte, Mexico. The Laguna Verde surface brine lake project is the most advanced of the Company’s portfolio of 11 lithium and potassium bearing brines projects in Chile.

On Behalf of the Board,

/s/ Andrew Brodkey
Andrew A. Brodkey
President and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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