PERTH, WESTERN AUSTRALIA--(Marketwire - June 7, 2011) - Talison Lithium Limited ("Talison" or the "Company") (TSX:TLH) announced today that its wholly-owned subsidiary, Talison Services Pty Ltd, intends to purchase on the open market through the facilities of the Toronto Stock Exchange (the "TSX"), up to 637,020 ordinary shares of the Company, representing approximately 0.6% of the Company's issued and outstanding ordinary shares. As of June 6, 2011, there were 106,137,116 ordinary shares issued and outstanding. Talison Services Pty Ltd will purchase the ordinary shares in its capacity as trustee in respect of Talison's employee long term incentive plan. All ordinary shares purchased by Talison Services Pty Ltd will be held for delivery to participants under Talison's employee long term incentive plan upon exercise of options granted thereunder.

It is expected that purchases of ordinary shares will commence today and will terminate no later than June 30, 2011. All purchases will be made at prevailing market prices through the facilities of the TSX in accordance with its rules and policies. The timing and exact number of ordinary shares purchased will depend on market conditions, and may be suspended or discontinued at any time.