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Durango Resources Discusses JV Agreement on Lithium Project Adjacent to Nemaska Lithium

  • 100% interest in the NMX East, a lithium property tied to Nemaska Lithium Inc.’s (TSX.V-NMX) Whabouchi property in Quebec with 23Mt Proven and Probable @ 1.53% Li
  • Comprised of 23 claims which cover 1,200 hectares and is located within a few kilometres of Nemaska’s proposed mining pit.
  • Nemaska Lithium is developing the world’s newest lithium mine in Quebec and has signed agreements with its key stakeholders, gained the required permits and was recently awarded both Federal Environmental Approval and the Province of Quebec Mine Approval

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Message: PDAC Booth 2527

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PDAC Booth 2527

posted on Feb 29, 12 06:05PM


Toronto, Canada, February 29, 2012: Rodinia Lithium Inc. (“Rodinia” or the “Company”) (TSX-V: RM; OTCQX: RDNAF)will be exhibiting at this year’s Prospectors and Developers Association of Canada (“PDAC”) Investors Exchange taking place at the Metro Toronto Convention Centre, South Building, from Sunday, March 4th to Wednesday, March 7th, 2012.

The team from Rodinia, including Will Randall, President & CEO, Aaron Wolfe, VP Corporate Development, and representatives from Investor Cubed Inc., Rodinia’s investor relations team, will be available to speak to shareholders and interested investors about the Company’s developments at its flagship Salar de Diablillos lithium-potash-brine project, in Salta Province, Argentina. In particular, we will be available to discuss the results of a robust Preliminary Economic Assessment (“PEA”) filed for the project in December 2011. The PEA outlines an operation producing 15,000 tonnes per year of battery grade lithium carbonate, projecting a 34% internal rate of return (“IRR”) and a $561 million net present value (“NPV”) at an 8% discount rate. The PEA also outlines Rodinia’s option to produce 25,000 tonnes per year of battery grade lithium carbonate, which generates a much higher NPV of almost $1 billion, along with a higher IRR of 36%. Rodinia is expected to benefit from the ability to produce salable co-products of potash and boric acid, which when factored into the lithium production results in negative cash costs for the overall operation.

Exhibit Location & Hours
Rodinia will be located at booth #2527 on level 800 of the Metro Toronto Convention Centre, South Building:

March 4
March 5
March 6
March 7
10:00 am – 5:30 pm
10:00 am – 5:30 pm
10:00 am – 5:30 pm
9:00 am – 12:00 pm

The Metro Toronto Convention Centre, South Building, is located at 222 Bremner Boulevard in Toronto. For additional information and to register for the conference, please visitwww.pdac.ca.

About Rodinia Lithium Inc.:

Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America. The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.

Rodinia’s Salar de Diablillos lithium-brine project in Salta, Argentina, contains a recoverable resource of 2.82 million tonnes lithium carbonate equivalent and 11.27 million tonnes potassium chloride equivalent. The project contains a recoverable inferred resource of 952,553,000 m3 grading 556 mg/L lithium and 6,206 mg/L potassium, as set out in the Company’s NI 43-101 compliant technical report entitled “Salar de Diablillos Project, Salta Province, Argentina, NI 43-101 Technical Report on Brine Resource Estimate” dated May 3, 2011 and filed on SEDAR. Throughout 2012, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through Feasibility Study.

The Company also holds 100% mineral rights to approximately 70,000 acres in Nevada’s lithium-rich Clayton Valley in Esmeralda County, and is currently in the process of assessing the size, quality and processing alternatives of this deposit. The Clayton Valley project is located in the only known lithium-brine bearing salt lake in North America, and looks to represent the only new source for domestic lithium carbonate supply.

The Projects are supervised by Ray Spanjers, Rodinia’s Manager of Exploration. Mr. Spanjers is considered a Qualified Person, as defined by National Instrument 43‐101.

Please visit the Company’s web site atwww.rodinialithium.comor write us atinfo@rodinialithium.com.

For further information please contact
Investor Cubed Inc.
Investor Relations
Tel: +1 (647) 258-3311

Aaron Wolfe
Vice-President, Corporate Development
Tel: +1 (416) 309-2696

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