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Friday, August 13, 2010

Salares and Talison Lithium finalize merger arrangement!

NEWS RELEASE
VANCOUVER, August 13, 2010 – Salares Lithium Inc. (TSXV: LIT) (“Salares”) and Talison Lithium Limited (“Talison”) are pleased to announce the completion of due diligence and execution of a definitive Arrangement Agreement (“Agreement”) for the merger of their respective lithium assets. For details of the proposed merger please see the joint news releases dated August 9, 2010 and July 15, 2010 which are filed on SEDAR at www.sedar.com.

The execution of the Agreement clears the way for Salares shareholders to vote on and
approve the merger at a special meeting of shareholders to be held on September 16, 2010.
The completion of the proposed merger is anticipated to be implemented by the end of
September, 2010, subject to the parties obtaining all necessary approvals and satisfaction of
other conditions.
A presentation of the transaction highlights can be accessed at the Salares and Talison
websites.

For further information please contact:
Investors
Todd Hilditch
President and CEO
Salares Lithium Inc.
Tel: (604) 443-3831
www.salareslithium.com
Peter Oliver
CEO
Talison Lithium Limited
Tel: +61 8 9263 5555
www.talisonlithium.com
Media
Kim O’Halloran
Vice President, Corporation Communication
FD
kim.ohalloran@fd.com
Tel: (312) 553-6733
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