Lithium Americas Corp.  (TSE: LAC) is a company focused on the development of lithium and potash projects in Argentina.  The company has completed an extensive 53 hole exploration drilling program - identifying the 3^rd largest lithium brine deposit in the world.  Now in the development phase, a preliminary economic assessment is targeted for Q1 2011.  With the electrification of the automobile using lithium ion battery technology well underway, the company is in an enviable position having Magna International and Mitsubishi Corporation as equity shareholders in the company, in addition to both having off-take arrangements with Lithium Americas.

OVERVIEW

The Company’s main propertyhosts the 3rd largest lithium brine resource in the world. As the resource estimate was based on exploration results obtained from only approximately one-third of the main property, with all drill holes still open at depth, there is the potential to significantly increase the size of the resource estimate in the future.

The Company’s main property is located in the heart of the Puna Plateau, the area where over 80% of the world’s lithium brine reserves are located. The property (approximately 82,500 ha) comprises a significant portion of two adjacent salt lakes, Cauchari and Olaroz, located in Jujuy, Argentina. The property is located approximately 200 km east of the largest lithium producing salt lake in the world (Salar de Atacama in Chile, where current lithium producers SQM and Rockwood Lithium have operations), and approximately 200 km north of the second largest lithium producing salt lake in the world (Salar del Hombre Muerto in Argentina, where current lithium producer FMC has operations).

The Company’s project is also surrounded by excellent infrastructure and logistics, key elements which have been instrumental in keeping the project’s operating costs very low.  From a transportation perspective, the project is located on a paved highway which connects Argentina to Chile.  The project is in very close proximity to the Chilean port facility of Antofagasta - the deep sea port approximately 550 km away, from where the final lithium product will be shipped to end customers.  From an energy perspective, the project is optimally located – only approximately 50 km away from a natural gas pipeline.  As energy is one of the largest cost elements in lithium carbonate production, access to this inexpensive energy source is a significant benefit to the Company.

A definitive Feasibility Study (FS) has been completed on this project by the independent engineering firm ARA WorleyParsons (ARAWP). ARAWP has a significant amount of experience in lithium brine processing, having designed and participated in building the world’s largest and lowest cost lithium brine processing facility in Chile. The FS concludes that the Company’s lithium project has favourable economic potential. The FS’s base case NPV, assuming an 8% discount rate, is US$738 million pre-tax, and US$464 million post-tax. Lithium Americas expects to achieve significant upside on the FS financial results through the execution of its business plan to build Stage 2 of the project. Revenue generation from Stage 2 production is expected to commence in 2020, and is expected to be approximately equal to Stage 1.

Waldo A. Perez, Ph.D. Geo : President, CEO, Director

• Dr. Perez has 24 years of academic and industry experience in mineral exploration in South America
• Has directed project generation for Barrick Gold Corp and IAMGold Inc., throughout South America, including Peru, Chile, Paraguay and, more extensively, Argentina
• Previously Senior Vice President of Exploration and Interim President, CEO and Director of Latin American Minerals Inc.

Michael Cosic, MBA, CFA: CFO

• Mr. Cosic is a strategic executive with 17 years of experience in a variety of industries
• Prior to joining Lithium Americas, Mr. Cosic was Vice President, Business Development for a publicly traded multinational business outsourcing solutions company
• He has considerable experience in evaluating, structuring, managing and executing global transactions