PL First Potash Corporation

Pan American Lithium Corp. (the "Company") (TSX VENTURE:PL) announces that it
has entered into a letter agreement dated March 18, 2010 and accepted March 29,
2010, with Escondidas Internacional S.A. de C.V., a privately held Mexican
corporation ("Escondidas"), and the shareholders of Escondidas, whereby the
parties have agreed to extend the closing date set out in the Share Option
Agreement dated December 18, 2009, from March 31, 2010 to June 30, 2010.


The Company also announces that its Board of Directors (the "Board") has
approved a new incentive option plan which allows the Company to reserve for
issuance up to 10% of the issued and outstanding common shares of the Company,
at the time of such respective grant (the "10% Rolling Plan"). In accordance
with the policies of the TSX Venture Exchange (the "Exchange"), the 10% Rolling
Plan must be approved by the Company's shareholders at the Company's next annual
general meeting (the "2010 AGM") (and each annual general meeting thereafter).


The Company's previous incentive option plan was recently approved by the
Company's shareholders at the annual general and special meeting held on
December 15, 2009 (the "Previous Plan"). As disclosed in the Company's
management information circular dated November 10, 2009 for that meeting, the
Previous Plan allows for the issuance of up to 2,176,200 incentive stock
options, of which 651,200 remain issuable.


Following the Board's approval of the 10% Rolling Plan, the Company granted
651,200 incentive stock options under the Previous Plan and 298,800 incentive
stock options under the 10% Rolling Plan (the "New Grants"), all of which were
granted to directors, officers, consultants and employees of the Company. The
incentive stock options granted under the Previous Plan are exercisable at the
price of $0.55 until March 30, 2015 and those granted under the 10% Rolling Plan
are exercisable at the price of $0.55 until March 30, 2020.


As required by the Exchange, the New Grants will vest following approval of the
10% Rolling Plan by the Exchange and following approval of the 10% Rolling Plan
and the New Grants by the Company's shareholders at the 2010 AGM.


On Behalf of the Board,

PAN AMERICAN LITHIUM CORP. 

Andrew A. Brodkey, President and CEO

This press release contain projections and forward-looking information that
involve various risks and uncertainties regarding future events. Such
forward-looking information can include without limitation statements based on
current expectations involving a number of risks and uncertainties and are not
guarantees of future performance of the Company such as the statements related
to: (i) the Exchange approval of the 10% Rolling Plan; and (ii) the
shareholders' approval of the 10% Rolling Plan and the New Grants at the 2010
AGM. There are numerous risks and uncertainties that could cause actual results
and the Company's plans and objectives to differ materially from those expressed
in the forward-looking information, including: (i) the Exchange's refusal to
accept the 10% Rolling Plan; and (ii) the shareholders' refusal to approve to
the 10% Rolling Plan or the New Grants for any reason. Actual results and future
events could differ materially from those anticipated in such information. These
and all subsequent written and oral forward-looking information are based on
estimates and opinions of management on the dates they are made and are
expressly qualified in their entirety by this notice.

First Potash Corporation (TSXV:PL)
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부터 5월(5) 2024 으로 6월(6) 2024

First Potash Corporation (TSXV:PL)
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부터 6월(6) 2023 으로 6월(6) 2024