US Oil Catastrophe Accentuates Immediate Need for Lithium as an Alternative Fuel

US Oil Catastrophe Accentuates Immediate Need for Lithium as an Alternative Fuel

Thu Jun 03 09:17:00 2010
EDT
LAKE TAHOE, NV, June 3, 2010 /PRNewswire via COMTEX News Network/ --
AmeriLithium Corp. (OTC Bulletin Board: AMEL; "AmeriLithium" or "the Company")
announce that Lithium could provide a safe and viable alternative to America's current
dependence on fossil fuels.
On April 20, 2010, an explosion started a fire aboard the Transocean Deep
Water Horizon Drilling Rig approximately 41 miles offshore Louisiana.(1) 6 weeks
later BP's Mississippi Canyon 252 Well is estimated to have pumped out at least
20 million gallons of crude oil into the Gulf of Mexico.(2) At an estimated 526,000
- 836,000 Barrels (April 20 - June 2, 2010), the current oil spill is well over
twice that of the Exxon Valdez Alaska, USA, 1989 (260,000 Barrels)(3) - the largest
previous US oil spill, potentially having significant impact on the states of Louisiana,
Mississippi, Alabama and Florida.(4)
Matthew Worrall, Chief Executive Officer of AmeriLithium commented, "Due
to the recent disaster it is highly possible that the future of oil production in
the Gulf of Mexico will be threatened. Our planet and economy can longer stand our
dependence on oil and its associated risks. It is more prevalent than ever that
we look to sources such as Lithium technology to remove our dependence on fossil
fuels. I am certain that at some point, lost production from the Gulf of Mexico
will push oil prices higher, leading people to further look at alternatives."
Over the past month President Barack Obama has made several addresses with
regards the need to reduce Americas dependence on fossil fuels.
In recent remarks made at Carnegie Mellon University, Pittsburgh, President
Barack Obama pressed congress to scrap billions in oil company tax breaks and pass
legislation to help the nation kick a dangerous "fossil fuel addiction".
The President also stated "The time has come, once and for all, for this
nation to fully embrace a clean energy future. Now, that means continuing our unprecedented
effort to make everything from our homes and businesses to our cars and trucks more
energy-efficient", and pointed towards the use of cleaner energy being the future
of the United States. He further added, "the only way the transition to clean energy
will ultimately succeed is if the private sector is fully invested in this future
- if capital comes off the sidelines and the ingenuity of our entrepreneurs is unleashed."(5)
President Obama's speech also made note of The US's investment in cleaner
technology. "The United States used to make less than 2 percent of the world's advanced
batteries for hybrid cars. By 2015, because of the investments that we made, we'll
have enough capacity to make up to 40 percent of these batteries."(5)
Lithium Technology is current used in a wide range of technological applications,
and is favored heavily by the electronics industry and the motor industry. According
to a May 23, 2010 Bloomberg Business week article, "Lithium based battery chemistry
is an industry adopted standard now in EV (Electric Vehicles)."(6)
FOR MORE INFORMATION
Additional information regarding future demand and uses of Lithium can be
found at AmeriLithium's Corporate website www.amerilithium.com along with the facility
to sign up for regular news updates.
ABOUT LITHIUM: Lithium is a lightweight metal used in a wide range of consumer
products the world over: the medical industry uses Lithium as an anti-depressant;
industrial uses include glass, ceramic and porcelain enamel manufacture; the aviation
industry uses Lithium in alloys. Of particular interest is the use of Lithium for
battery production, which has expanded significantly in recent years due to rechargeable
Lithium batteries being used increasingly in electrical tools and in the rapidly
expanding portable electronics market. Furthermore, the next generation of hybrid
and electric vehicles are being designed to use high-capacity Lithium-ion batteries
as environmentally-friendly fuel alternatives while the Obama administration has
introduced $5 billion in funding and incentives for the development of a secure,
domestic battery industry with special focus on Lithium-ion batteries.
ABOUT AMERILITHIUM: AmeriLithium is a publicly traded (NASD OTC BB: AMEL),
mining company committed to progressively developing into one of the leading American
players in the global Lithium industry. The Company is headquartered in Lake Tahoe,
NV. AmeriLithium has amassed a Lithium portfolio consisting of
724,000 acres, including
three Nevada-based projects nearby the only Lithium producing plant in the US, a
large project in Alberta, Canada, and a project in Western Australia.



ON BEHALF OF THE BOARD OF DIRECTORS,

AmeriLithium Corp.
Matthew Worrall, Chief Executive Officer

Contact:
AmeriLithium Corp.
297 Kingsbury Grade
Lake Tahoe
Douglas County
NV 89449-4470

Phone: (775) 996-2210
Fax: (775) 996-2212
Email: info@amerilithium.com

INVESTOR RELATIONS:
Toll Free: 1-888-982-6374
Email: ir@amerilithium.com


Certain statements in this press release are forward-looking and involve
a number of risks and uncertainties. Such forward-looking statements are within
the meaning of that term in Section 27A of the Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended. AmeriLithium
Corp. bases these forward-looking statements on current expectations and projections
about future events, based on information currently available. The forward-looking
statements contained in this press release may also include statements relating
to AmeriLithium Corp.'s anticipated financial performance, business prospects, new
developments, strategies and similar matters. AmeriLithium Corp. disclaims any
obligation to update any of its forward-looking statements, except as may be required
by law.1) BP Press release 21 April 20102) BBC News 30 May 20103) Oil Spill Intelligence Report4)
BP Press release 30 April 20105) Remarks by the President on the Economy at Carnegie Mellon University,

June 02, 20106) Bloomberg Businessweek website, May 23, 2010SOURCE AmeriLithium Corp.Copyright (C) 2010
PR Newswire. All rights reserved

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