Canada Lithium chosen for world's first Lithium ETF

Tuesday, Jul 27, 2010

Canada Lithium Corp. (TSX: CLQ; U.S. OTCQX:
CLQMD) announced today that it has been included in the world's first
Lithium ETF (NYSE Arca: LIT). Global X Funds, the New York-based provider of
exchange-traded funds, launched the ETF July 23.

According to Global X Funds, this is the first ETF to offer investors
targeted access to a resource industry critical for the renewable energy and
green movement.

"The Global X Lithium ETF is an efficient way to invest in what we refer to
as a 'green' commodity because of its direct correlation to the renewable
energy market, such as electric cars and energy storage," said Bruno del
Ama, CEO of Global X Funds.

The ETF tracks the Solactive Global Lithium Index, which is designed to
reflect performance of the largest and most liquid lithium battery producing
and mining and refining companies in the world. As of July 13, 2010, the
three largest components of the ETF are lithium producers SQM from Chile,
FMC Corporation and Rockwood Holdings from the US.

Canada Lithium Corp. President and CEO Peter Secker said he wasn't surprised
by the Company's inclusion in an ETF that ranks it with major lithium
carbonate producers/near-development companies and the major players in the
battery field.

"Our strategy is to build a lithium mining and processing operation near Val
d'Or, in the regional heart of Quebec's mining industry and become the third
or fourth largest battery-grade lithium carbonate producer in the world," he
said. "We could be capable of supplying the growing demand for lithium
carbonate at a rate of roughly 43 million pounds per annum by late 2012."

Global X noted that the basket of lithium-related equities in its ETF will
give investors access to the complete lithium value chain, from mining and
refining through lithium battery production. As of July 13, 2010, 51% of the
index includes lithium battery manufacturers, while 49% of the index
consists of lithium mining and refining companies.

"Lithium is the lightest metal," said Jose C. Gonzalez, COO of Global X
Funds. "When processed it has the capacity to store electric energy more
efficiently than any other material. Efficient electric energy storage is
necessary for all green energy products and the computer systems that
control them - like electric cars, solar, wind and water power."

Source: Canada Wire