Investor Presentation – Spring 2012U.S. Listing: (OTCBB:PALTF), (OTCQB:PALTF)

Canadian Listing: (TSXV:PL)

Disclaimer / Forward Looking Statements

This presentation is prepared by Pan American Lithium Corp. (“ the Company”), and is solely for the purpose of corporate commgeneral reference only. The presentation is not intended as an offer to sell or to solicit an offer to buy or form any basis any class of securities of the Company in any jurisdiction. All such information should not be used or relied on without prof

The presentation is a brief summary in nature and does not purport to be a complete description of the Company, its business,historical operation results or its future business prospects.

The presentation contains certain forward looking statements with respect to the financial conditions, results, operations anCompany. The statements and forecasts involve risk and uncertainly because they relate to events and depend on circumstances future. There are a number of factors that could cause actual results or developments to differ materially from those expressforward looking statements and forecasts.

This presentation is provided without any warranty or representation of any kind, either express or implied. The Company specresponsibility in respect of any use or reliance of any information, whether financial or otherwise, contained in this presen

This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and SectioSecurities Exchange Act of 1934, including statements regarding the business of the Company and its industry generally, businprospects. These statements are based on our estimates, projections, beliefs, and assumptions and are not guarantees of futurcaution that these statements are subject to various known and unknown risks and that actual results may differ materially frforward-looking statements. The Company undertakes no duty to update these forward

Disclaimer / Forward Looking Statements

This presentation is prepared by Pan American Lithium Corp. (“ the Company”), and is solely for the purpose of corporate communication and general reference only. The presentation is not intended as an offer to sell or to solicit an offer to buy or form any basis of investment decision for any class of securities of the Company in any jurisdiction. All such information should not be used or relied on without professional advice.

The presentation is a brief summary in nature and does not purport to be a complete description of the Company, its business, its current or

The presentation contains certain forward looking statements with respect to the financial conditions, results, operations and business of the Company. The statements and forecasts involve risk and uncertainly because they relate to events and depend on circumstances that occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those express or implied by these

This presentation is provided without any warranty or representation of any kind, either express or implied. The Company specifically disclaims all responsibility in respect of any use or reliance of any information, whether financial or otherwise, contained in this presentation.

looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding the business of the Company and its industry generally, business strategy and prospects. These statements are based on our estimates, projections, beliefs, and assumptions and are not guarantees of future performance. We caution that these statements are subject to various known and unknown risks and that actual results may differ materially from those express in

looking statements. The Company undertakes no duty to update these forward-looking statements except as required by law.

Company Overview

� Pan American Lithium Corp. (“PALC”) is a publicly traded Junior Mining company that is

engaged in the business of acquiring, exploring, and evaluating lithium properties in

Latin America.� A world-class portfolio of properties – brine salars (not hard rock) in Chile

– Rights in 11 salars in Atacama Region III, Chile (containing Lithium / Potassium / other metals)

– All projects are brine salars – lowest quartile of global operating costs

� NI 43-101 resource estimate for first project (surface brine lake)– Average Lithium (Li) grade of 212.40 mg/liter; 512,960 metric tons of lithium carbonate equivalent

– Average Potassium (K) grade of 4,881mg/liter; 4,223,134 metric tons of potash chloride equivalent

� Trades in the U.S. (OTCBB:PALTF), (OTCQB:PALTF) and in Canada (TSXV:PL)

� Corporate headquarters in Tucson, Arizona

Pan American Lithium Corp. (“PALC”) is a publicly traded Junior Mining company that is

engaged in the business of acquiring, exploring, and evaluating lithium properties in

brine salars (not hard rock) in ChileRights in 11 salars in Atacama Region III, Chile (containing Lithium / Potassium / other metals)

lowest quartile of global operating costs

101 resource estimate for first project (surface brine lake)Average Lithium (Li) grade of 212.40 mg/liter; 512,960 metric tons of lithium carbonate equivalent

Average Potassium (K) grade of 4,881mg/liter; 4,223,134 metric tons of potash chloride equivalent

Trades in the U.S. (OTCBB:PALTF), (OTCQB:PALTF) and in Canada (TSXV:PL)

Investor Highlights

• Experienced management team1

• PALC is highly undervalued2

• Lithium – a metal with an exciting future3

• World-class portfolio of properties in development4

• Significant valuation inflection points ahead5

Experienced management team

a metal with an exciting future

class portfolio of properties in development

Significant valuation inflection points ahead

Management Team

� Andrew Brodkey – CEO and President� Former Managing Director of International Mining & Metals Group of CB Richard Ellis, Inc.

(NYSE:CBG); responsible for over $100M in asset purchase/divestiture transactions. � Served as VP and General Counsel of Magma Copper Company, (NYSE:MCU) acquired by BHP

Billiton Ltd. (ASX:BHP) for $3.5 billion in 1996 merger. Became VP of Business Development for one of their divisions, BHP Copper where he was responsible for managing company’s portfolio of mining assets, both new mining acquisitions and asset divestitures.

� Former Attorney specializing in natural resource and environmental law at Denverfirm of Gorsuch, Kirgis, Campbell, Walker and Grover.

� B.S. in Mining Engineering (with distinction) from University of Arizona; J.D. (cum laude) from Creighton University.

� Dr. David Hackman – Vice President of Exploration� Geologist with 35+ years of experience specializing in leachable metal deposits. � Former geologist for Exxon Mobil Corporation (NYSE:XOM) and Alcoa, Inc. (NYSE:AA). � Served as VP of Exploration for Mercator Minerals Ltd. (TSX:ML), current Market Cap. of $500M.� Former VP of Exploration for AZCO Mining, where he helped to discover the Piedras Verdes

Property (copper in Mexico) later sold to Phelps Dodge Corp. Deposit is in production via Frontera Copper Corp. (TSX:FCC).

Former Managing Director of International Mining & Metals Group of CB Richard Ellis, Inc. (NYSE:CBG); responsible for over $100M in asset purchase/divestiture transactions. Served as VP and General Counsel of Magma Copper Company, (NYSE:MCU) acquired by BHP Billiton Ltd. (ASX:BHP) for $3.5 billion in 1996 merger. Became VP of Business Development for one of their divisions, BHP Copper where he was responsible for managing company’s portfolio of mining assets, both new mining acquisitions and asset divestitures.Former Attorney specializing in natural resource and environmental law at Denver-based law firm of Gorsuch, Kirgis, Campbell, Walker and Grover. B.S. in Mining Engineering (with distinction) from University of Arizona; J.D. (cum laude) from

Vice President of ExplorationGeologist with 35+ years of experience specializing in leachable metal deposits. Former geologist for Exxon Mobil Corporation (NYSE:XOM) and Alcoa, Inc. (NYSE:AA). Served as VP of Exploration for Mercator Minerals Ltd. (TSX:ML), current Market Cap. of $500M.Former VP of Exploration for AZCO Mining, where he helped to discover the Piedras Verdes Property (copper in Mexico) later sold to Phelps Dodge Corp. Deposit is in production via

Management Team

� Dr. Ron Richman - Member of Board of Directors, Pan American Lithium• Co-Director of the University of Arizona’s Arid Lands Sustainable Bio• Chairman of the Board for the Innovative Technology Development Center ( a 501c3 devoted to

sustainable economic development in Southern Arizona• Member of the Board of Directors, Titan Iron Corp• Retired IBM executive where he managed a variety of groups including, business development,

strategy, small and medium business development, as well as various consulting groups. • Ph.D. in chemistry and an MBA

� Dr. David Terry - Member of Board of Directors, Pan American Lithium• 20 years experience in the resource sector with a focus on exploration for wide spectrum of

precious and base metal deposits in North and South precious and base metal deposits in North and South • Ph.D. in geology from University of Western Ontario• Specializes in public company management and international projects • Held a position with the British Columbia Ministry of Energy and Mines• Expertise in implementation of exploration programs

� Mr. Hyundae Kim - Member of Board of Directors, Pan American Lithium• POSCO Director nominee• Serves as the Director in the Growth and Investment Division for POSCO• Served in the Korean Central Government’s Ministry of Commerce, Industry and Energy from

1994 to 2006• From 2006 to 2009 worked in the private sector as Managing Director for New Investment

Development and Strategy at ILJIN materials, a Korean B2B company

Member of Board of Directors, Pan American LithiumDirector of the University of Arizona’s Arid Lands Sustainable Bio-Energy Institute

Chairman of the Board for the Innovative Technology Development Center ( a 501c3 devoted to sustainable economic development in Southern ArizonaMember of the Board of Directors, Titan Iron CorpRetired IBM executive where he managed a variety of groups including, business development, strategy, small and medium business development, as well as various consulting groups.

Member of Board of Directors, Pan American Lithium20 years experience in the resource sector with a focus on exploration for wide spectrum of precious and base metal deposits in North and South precious and base metal deposits in North and South Ph.D. in geology from University of Western OntarioSpecializes in public company management and international projects Held a position with the British Columbia Ministry of Energy and MinesExpertise in implementation of exploration programs

Member of Board of Directors, Pan American Lithium

Serves as the Director in the Growth and Investment Division for POSCOServed in the Korean Central Government’s Ministry of Commerce, Industry and Energy from

From 2006 to 2009 worked in the private sector as Managing Director for New Investment Development and Strategy at ILJIN materials, a Korean B2B company

PALTF is Undervalued – Peer Comparison (as of January 20, 2012)

Pan American Lithium Corp. (OTCBB:PALTF)Market Capitalization: $4.5M

Chile Asset Concentration Diversified amongst 11 properties

NI 43-101 Resource 500,000 tonnes

Hectares of Chilean 20,000Hectares of Chilean

Mineral Rights

20,000

Ownership Full ownership in 8 salars / partial

ownership in 3 others

Strategic Offtake Partner POSCO (Korean multi-national)

Property Snapshot: Salar de Maricunga (15,000

hectares with >20 separate owners)

PALTF owns 1,220 hectares in the Maricunga Salar. It owns

them though an 80/20 joint venture Most importantly, it owns

all of the available 15,000 hectares of water rights at this salar

needed for a project.

Peer Comparison (as of January 20, 2012)

Li3 Energy, Inc. (OTCBB:LIEG)Market Capitalization: $23M

Multiples of PALTF 5x

Chile Asset Concentration Only 1 property

NI 43-101 Resource None so far

Hectares of Chilean Mineral Rights 11,000Hectares of Chilean Mineral Rights 11,000

Ownership JV/partial ownership in

one project at one salar

Strategic Offtake Partner POSCO

Property Snapshot: Salar de Maricunga

(15,000 hectares with >20

separate owners)

LIEG has rights to a joint venture, 60% interest in 1,400

hectares of mineral concessions in Maricunga and has recently

signed a letter of intent to buy another 1,500 hectares in the

salar. This is LIEG’s flagship property.

Requirements to Mitigate Investment Risk

� Properties have secure mineral and water rights� Production targeted at less than $2500 cash cost per

Lithium brine salars� Minimal potential legal exposure (multiple Li concession holders or

‘fragmented’ ownership at a salar cause complications)� Multiple properties to spread risk and reward� Competent, experienced management team, Board and technical advisors� Projects sited within stable and pro-mining jurisdictions� Minimal transportation costs to west coast South American for export to Asia� Time to startup of production and delivery to market is reasonable� Strategic investor/offtake partner (POSCO)

American in August, 2011, plus right to build pilot facility

Only one “Junior” Company meets all these requirements in Chile

Requirements to Mitigate Investment Risk

Properties have secure mineral and water rightsProduction targeted at less than $2500 cash cost per tonne of Li2CO3—

Minimal potential legal exposure (multiple Li concession holders or ‘fragmented’ ownership at a salar cause complications)Multiple properties to spread risk and rewardCompetent, experienced management team, Board and technical advisors

mining jurisdictions—Chile and MexicoMinimal transportation costs to west coast South American for export to AsiaTime to startup of production and delivery to market is reasonable

partner (POSCO)— acquired19.9% stake in Pan American in August, 2011, plus right to build pilot facility

Only one “Junior” Company meets all these requirements in Chile

Lithium Industry Overview - Demand Drivers

� Lithium demand fueled by growth in battery industry and use in automobiles,

electronics, etc.� Overall demand growing 5% per annum (with battery demand increasing over 25% annually)

– Total lithium carbonate demand was ~45,000 metric tons (1997)

– Rising to ~110,000 tonnes (2009)

– Predicted to increase further (>200,000 metric tons by 2015

� As lithium battery technology matures, its applications in mobile electronics products have

achieved great success.

– In the future, lithium battery and nickel-metal hybrid battery will compete for the electric

vehicle power battery market. On average, each electric car needs 10kg lithium carbonate.vehicle power battery market. On average, each electric car needs 10kg lithium carbonate.

Demand Drivers

Lithium demand fueled by growth in battery industry and use in automobiles,

Overall demand growing 5% per annum (with battery demand increasing over 25% annually)

Total lithium carbonate demand was ~45,000 metric tons (1997)

Predicted to increase further (>200,000 metric tons by 2015 – 2020)

As lithium battery technology matures, its applications in mobile electronics products have

metal hybrid battery will compete for the electric

vehicle power battery market. On average, each electric car needs 10kg lithium carbonate.vehicle power battery market. On average, each electric car needs 10kg lithium carbonate.

Lithium Industry Overview – Lithium Price Trends

� Demand growth of lithium has been solid for over a decade � In the mid-to-long term, once the world’s energy power batteries are in large

lithium market prospects will be extremely favorable.

– The current price for lithium carbonate is $5,120/ton; and the average price on long

contracts for the last 3 years has been in excess of $5,000/ton of lithium carbonate.

Lithium Carbonate Unit Value ($USD/ton)

$7,500

$500

$1,500

$2,500

$3,500

$4,500

$5,500

$6,500

2000 2001 2002 2003 2004 2005 2006

Source: Roskill

Lithium Price Trends

Demand growth of lithium has been solid for over a decade – and will continue. long term, once the world’s energy power batteries are in large-scale application,

lithium market prospects will be extremely favorable.

The current price for lithium carbonate is $5,120/ton; and the average price on long-term

contracts for the last 3 years has been in excess of $5,000/ton of lithium carbonate.

2006 2007 2008 2009 2010E 2011E 2012E 2013E 2014E 2015E

Chilean Salar Overview – 11 sites

PA� AMERICA�

PROJECT LOCATIO�S

10

11

1 Salar de Piedra Parada

2 Laguna Brava

3 Lagunas del Jilguero

4 La Laguna

5 Rio de la Sal/Pedernales

6 Laguna Verde

7 Salar de Wheelwright

8 Laguna Escondida

9 Salar Ignorado

10 Salar de Maricunga

11 Llanta Project

11 sites

Significant Benefits to being in Chile

� Chile is one of the best mining jurisdictions in the world� World's No. 1 copper producer � Center-right government of Sebastian Piñera with pro� Low political/regulatory and permitting risk for mining projects� Mining represents 23.5% of GDP in Chile in 2010� Almost 200 year history of support for mining industry� Political, economic and social stability� Independent Judiciary, Parliament, Government� Mining project finance, tax, royalty, capital repatriation and other corporate, fiscal and financial

advantages over other South American countries

� Significantly Lower Risk vs. other South American countries� Argentina: Soaring inflation, debt crisis, shortages of natural gas, electricity and labor, demands

for higher wages, and inability to project finance

� Bolivia: Recent threats by President Evo Morales to “nationalize” mining concessions; announcement that Bolivia will develop Li by itself at huge Salar de Uyuni

� Venezuela: President Hugo Chavez caused panic in the mining industry after he nationalized the country's gold mines in August of 2011

Significant Benefits to being in Chile

Chile is one of the best mining jurisdictions in the world

right government of Sebastian Piñera with pro-business credentialsLow political/regulatory and permitting risk for mining projectsMining represents 23.5% of GDP in Chile in 2010Almost 200 year history of support for mining industry

Independent Judiciary, Parliament, GovernmentMining project finance, tax, royalty, capital repatriation and other corporate, fiscal and financial advantages over other South American countries

South American countriesSoaring inflation, debt crisis, shortages of natural gas, electricity and labor, demands

for higher wages, and inability to project finance

Recent threats by President Evo Morales to “nationalize” mining concessions; announcement that Bolivia will develop Li by itself at huge Salar de Uyuni

President Hugo Chavez caused panic in the mining industry after he nationalized the

Overview of Lithium Projects

Project Name Mineral Rights

/ Hectares

Water

Rights

Next Steps

STAGE I Projects

Laguna Verde 3,400 Yes

Scoping &

Pre-Feasibility

� The management team of PALC has carefully selected properties with strong reserve potential.

� The rights in the Company’s 11 lithium projects cover in excess of 20,000 hectares.

� Nine of these properties are accessible by passenger car and are adjacent to serviceable roads.

� All of the key projects have both mineral rights

3,400 Yes Pre-Feasibility

Rio de la Sal/Pederales 5,100 Yes NI-43101 Resource Study

Llanta Project 3,000 Yes NI-43101 Resource Study

Laguna Brava 4,400 Yes NI-43101 Resource Study

Stage II Projects

Salar de Maricunga 1,220 Yes Trenching Study

Salar Piedra Parada 3,600 Yes Trenching Study

Lagunas Jilgueros 1,100 Trenching Study

Stage III Projects

La Laguna 400

Laguna Escondida 900

Salar Ignorado 600

Salar de Wheelwright 1,200

Next Steps Inferred Lithium

(tons) / Grade

Inferred Potassium

(tons) / Grade

Scoping &

Feasibility Study512,960 - 213 mg/l 4,223,134 - 4,881 mg/l

The management team of PALC has carefully selected properties with strong reserve potential.

The rights in the Company’s 11 lithium projects cover in excess of 20,000 hectares.

Nine of these properties are accessible by passenger car and are adjacent to serviceable roads.

All of the key projects have both mineral rights and water rights

Feasibility Study

43101 Resource Study TBD

43101 Resource Study 140 mg/l 1575 mg/l

43101 Resource Study TBD

Trenching Study TBD

Trenching Study TBD

Trenching Study TBD

TBD

TBD

TBD

TBD

Major Projects – Laguna Verde

� The Laguna Verde Project comprises 13 mineral exploration claims, totaling 3,400 hectares, plus

senior water exploration rights applications.

� Property is 4 hours from Copiapo (the capital of Atacama Region III)

– northeasterly and easterly 161 kilometers to the border station at Maricunga, then south

and east 80 kilometers to Laguna Verde.

� Young volcanic cones and vents surround the entire basin, and in most instances constitute the

divides separating the basin from other valleys and nearby salars. – Elevations surrounding Laguna Verde reach 6,800 meters and more. The lake is fed by active hot springs,

and is thought to be of geothermal origin.

� March 2010 – undertook work program to determine the depth

and volume of the surface lake.

� April 2010 - Initiated a comprehensive lake brine sampling

program.

� June 2010 – filed a NI 43-101 technical report for an inferred

resource estimate– Average Li grade of 212.40 mg/liter; 512,960 metric tons of lithium

carbonate equivalent

– Average potassium (K) grade of 4,881mg/liter; 4,223,134 metric tons of

potassium chloride equivalent

Next Phases: Scoping & Pre-feasibility Study

The Laguna Verde Project comprises 13 mineral exploration claims, totaling 3,400 hectares, plus

Property is 4 hours from Copiapo (the capital of Atacama Region III)

northeasterly and easterly 161 kilometers to the border station at Maricunga, then south

and east 80 kilometers to Laguna Verde.

Young volcanic cones and vents surround the entire basin, and in most instances constitute the

divides separating the basin from other valleys and nearby salars. Elevations surrounding Laguna Verde reach 6,800 meters and more. The lake is fed by active hot springs,

undertook work program to determine the depth

Initiated a comprehensive lake brine sampling

101 technical report for an inferred

Average Li grade of 212.40 mg/liter; 512,960 metric tons of lithium

Average potassium (K) grade of 4,881mg/liter; 4,223,134 metric tons of

feasibility Study

Major Projects – Rio de Sal / Pedernales

� The Rio de Sal / Pedernales Project comprises of 15 exploration concessions totaling 5,100 hectares,

plus senior water rights applications

� Located 60 kilometers north of Salar de Maricunga, roughly 4 hours from Copiapo.

� The Salar de Pedernales is the second-largest salar in Chile.

� PALC is the only Lithium company with concessions at this salar

� November 2009 – Initial exploration yielded Li values as high as

391 mg/liter.

� November of 2010 - began a trenching exploration program on the

combined Pedernales property position.combined Pedernales property position.

� Li grades as high as 1,070 ppm, and K grades over 8,000 ppm from

trenching work.

� Exploration drilling program in design for Q4-

Next Phase: NI-43101 Resource Study

Rio de Sal / Pedernales

The Rio de Sal / Pedernales Project comprises of 15 exploration concessions totaling 5,100 hectares,

Located 60 kilometers north of Salar de Maricunga, roughly 4 hours from Copiapo.

largest salar in Chile.

PALC is the only Lithium company with concessions at this salar

Initial exploration yielded Li values as high as

began a trenching exploration program on the

Li grades as high as 1,070 ppm, and K grades over 8,000 ppm from

-2011

Major Projects – Llanta

� The Llanta Project comprises of 10 exploration concessions totaling 3,000 hectares plus senior water

rights applications.

� Located close to the city of Diego del Amagro, has road access, power and low elevation.

Property Is 2 hours by car from Copiapo.

� The Llanta project is a closed basin aquifer that is roughly 40 km downstream from the Salar de

Pedernales and in geological theory contains brines that originated from that salar. – In addition, the Rio de la Sal, which leaves from the Salar de Pedernales, flows into the valley comprising

the Llanta project and disappears subsurface at these concessions.

� November 2009 – Initial sampling yielded Li values as high as 391

mg/liter in Rio de Sal.mg/liter in Rio de Sal.

2011

� Exploration drilling program and geophysical surveys

- 4 drillholes, 342 meters total

- Samples analyzed at 140 mg/l Li and 1575 mg/l K

- Montgomery & Associates recommended follow

pump testing.

Next Phase: NI-43101 Resource Study

The Llanta Project comprises of 10 exploration concessions totaling 3,000 hectares plus senior water

Located close to the city of Diego del Amagro, has road access, power and low elevation.

The Llanta project is a closed basin aquifer that is roughly 40 km downstream from the Salar de

Pedernales and in geological theory contains brines that originated from that salar. In addition, the Rio de la Sal, which leaves from the Salar de Pedernales, flows into the valley comprising

the Llanta project and disappears subsurface at these concessions.

Initial sampling yielded Li values as high as 391

Exploration drilling program and geophysical surveys

Samples analyzed at 140 mg/l Li and 1575 mg/l K

Montgomery & Associates recommended follow-up drill programs and

Major Projects – Laguna Brava

� The Laguna Brava Project comprises 16 mineral exploration claims, totaling 4,400 hectares.

� Situated near Maricunga, a noted mining district, in the same general region of the central

Andes, near the Argentine border - accessible via paved International Highway C31 from

Copiapo (travel time is 4 hours); project is accessible via 2 wheel drive vehicles.

� Situated in a region of young and active volcanoes and obvious geothermal activity.

� Entire catchment area is dominated by Cenozoic dacite and andesite volcanic rocks, many of

which have been altered by hydrothermal fluids associated with volcanism.

� The lake is fed by active hot springs, which appears to be the principal source of lithium,

potassium, and other metallic salts.

In April 2010, PALC initiated a comprehensive lake brine sampling � In April 2010, PALC initiated a comprehensive lake brine sampling

program at the shallow Laguna Brava surface lake.

� Strong Li grades in shallow surface lake of 310 ppm.

� Exploration program anticipated for 2012.

Next Phase: NI-43101 Resource Study

The Laguna Brava Project comprises 16 mineral exploration claims, totaling 4,400 hectares.

Situated near Maricunga, a noted mining district, in the same general region of the central

accessible via paved International Highway C31 from

Copiapo (travel time is 4 hours); project is accessible via 2 wheel drive vehicles.

Situated in a region of young and active volcanoes and obvious geothermal activity.

Entire catchment area is dominated by Cenozoic dacite and andesite volcanic rocks, many of

which have been altered by hydrothermal fluids associated with volcanism.

The lake is fed by active hot springs, which appears to be the principal source of lithium,

In April 2010, PALC initiated a comprehensive lake brine sampling In April 2010, PALC initiated a comprehensive lake brine sampling

program at the shallow Laguna Brava surface lake.

Strong Li grades in shallow surface lake of 310 ppm.

What’s Next?

� COMPANY OPERATIONS

� Opportunities to expand footprint – PALC has projects and is constantly offered other projects and claims in Chile

� Additional exploration to prove out NI 43-101 resource number on 3 major projects

� Moving forward with POSCO on permitting and construction of pilot plant for lithium and potassium

� Plans for discussions with off-take partners or marketing arrangements for Potash

� CAPITAL MARKETS

� Robust Investor Relations program has commenced

PALC has both water rights/mining rights at its major projects and is constantly offered other projects and claims in Chile

101 resource number on 3 major projects

Moving forward with POSCO on permitting and construction of pilot plant for lithium and

take partners or marketing arrangements for Potash

Robust Investor Relations program has commenced

Capitalization Table (as of March 15,

Capitalization Table

Common Stock

Insider Holders

Harold Gardner (Owner of Gareste Limitada) (1)

Eduardo Estefan Marco (Owner of Gareste Limitada)

Andrew Brodkey (CEO & President)

Other Members of Management Team

Institutional Holders

Canaccord Financial

POSCO

Public Float

TOTAL

Warrants

Warrants Outstanding (Weighted Average Exercise Price of $0.30)

Options

Options Outstanding (Weighted Average Exercise Price of $0.33)

Notes:(1) Gareste Limitada is Pan American Lithium’s Chilean Operation Company

Capitalization Table (as of March 15, 2012)

Common Shares % of Outstanding

2,088,482 3.8%

1,653,600 3.0%

2,023,000 3.7%

700,000 1.3%

5,970,036 10.9%

10,522,090 19.1%

32,046,984 58.2%

55,003,592 100.0%

Warrants Outstanding (Weighted Average Exercise Price of $0.30) 10,306,773

Options Outstanding (Weighted Average Exercise Price of $0.33) 4,775,000

Gareste Limitada is Pan American Lithium’s Chilean Operation Company

In The News

• Pan American Lithium is Highlighted in NEWSMAX Analysis of Latin American Lithium

• Pan American Lithium Corp. CEO Interviewed by CDTV

• Pan American Lithium Corp. CEO Andrew Brodkey Interviewed by CEOCFO

• Pan American Lithium Corp. Featured as Stock Pick by KonLin Investment Letter

• Pan American Lithium Corp. CEO Andrew Brodkey Interviewed by CEOcast • Pan American Lithium Corp. CEO Andrew Brodkey Interviewed by CEOcast

• Pan American Lithium CEO Featured in Wall Street Transcript Interview

Please visit www.panamericanlithium.com to read these articles in full.

Pan American Lithium is Highlighted in NEWSMAX Analysis of Latin American Lithium - October 2011

Pan American Lithium Corp. CEO Interviewed by CDTV - September 2011

Pan American Lithium Corp. CEO Andrew Brodkey Interviewed by CEOCFO – July 2011

Pan American Lithium Corp. Featured as Stock Pick by KonLin Investment Letter – April 2010

Pan American Lithium Corp. CEO Andrew Brodkey Interviewed by CEOcast – April 2010Pan American Lithium Corp. CEO Andrew Brodkey Interviewed by CEOcast – April 2010

Pan American Lithium CEO Featured in Wall Street Transcript Interview – March 2011

to read these articles in full.

Investor Presentation – Spring 2012U.S. Listing: (OTCQB:PALTF), (OTCBB:PALTF)

Canadian Listing: (TSXV:PL)

Please Contact:

Andrew Brodkey, CEO & President

Pan American Lithium Corp.

Tel: (520) 989-0031

Email: abrodkey@panamericanlithium.com

Corporate Website: (www.panamericanlithium.com)