UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) March 10, 2016

LITHIUM CORPORATION
(Exact name of registrant as specified in its charter) 

           Nevada                     000-54332                  98-0530295
(State or other jurisdiction         (Commission               (IRS Employer
     of incorporation)               File Number)            Identification No.)

1031 Railroad St., Ste. 102B, Elko, NV 89801
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code (775) 410-5287

Not applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 1.01 ENTRY INTO MATERIAL DEFINITIVE AGREEMENT

On March 10, 2016, we entered into an exploration earn-in agreement, dated effective February 10, 2016 between our company and 1032701 B.C. Ltd., a British Columbia corporation, with respect to our Fish Lake Valley lithium brine property in Esmeralda County, Nevada.

Terms of the agreement include payment of $300,000, issuance of 400,000 common shares of the publicly traded company anticipated to result from a Going Public Transaction (as defined in the agreement), and work performed on the property by the Optionee in the amount of $1,100,000 over the next three years to earn an 80% interest in the property. 1032701 then has a Subsequent Earn-In option to purchase our company's remaining 20% working interest within one year of earning the 80% by paying our company a further $1,000,000, at that point our company would retain a 2.5% Net Smelter Royalty, half of which may be purchased by 1032701 for an additional $1,000,000. Should the Purchaser elect not to exercise the Subsequent Earn-In, a joint venture will be established. During the Joint Venture, should either party be diluted below a 10% working interest - their interest in the property will revert to a 7.5% Net Smelter Royalty. The first tranche of cash and shares are to be issued within 60 days of the signing of the agreement.

ITEM 7.01 REGULATION FD DISCLOSURE

On March 10, 2016, we issued a news release announcing that our company has entered into an exploration earn-in agreement with 1032701 B.C. Ltd. with respect to our Fish Lake Valley lithium brine property in Esmeralda County, Nevada.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS 

10.1     Exploration Earn-In Agreement dated effective February 10, 2016 between
         our company and 1032701 B.C. Ltd.

99.1     News release dated March 10, 2016

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

LITHIUM CORPORATION 

/s/ Brian Goss
---------------------------------
Brian Goss
President and Director
Date: March 15, 2016

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