TSX Venture Exchange Symbol : AAL
VANCOUVER, Oct. 2, 2018
Advantage Lithium Corp. (the "Corporation" or
"Advantage Lithium") (TSX Venture: AAL) (OTCQX:
AVLIF) is pleased to announce that with the
completion of the project PEA, Advantage is continuing to build
capability to meet increased activity as we move into the
Definitive Feasibility Study (DFS) and project execution phases.
The development of a high performing core team with the necessary
skills and experience to deliver the Cauchari project on time and
budget will continue to be a main focus. The appointments of a
full-time Chief Financial officer and locally based Project Manager
are key to achieving Advantage's project delivery milestones.
Chief Financial Officer (CFO)
Lindsay Murray is a Chartered
Professional Accountant (CPA, CA) with over 14 years of diversified
experience. She brings leadership in strategic planning and
budgeting, finance and financial analysis, internal and external
reporting, accounting processes and internal controls. Most
recently she was Director, Finance of Alterra Power Corp. a global
renewable energy company which was acquired by Innergex Renewable
Energy for $1.1 billion and previous
to this she was manager at PricewaterhouseCoopers LLP. She is
a graduate of the University of British
Columbia where she received a Bachelor of Arts.
Said David Sidoo, CEO and
director, "I'm excited to welcome Lindsay Murray as Advantage Lithium's full time
CFO and as a director. I would like to thank Nick Demare for his hard work and dedication to
the Company". Lindsay will play a key role in our Company's
continued growth and development, bringing a wealth of experience
in financing, accounting and strategic planning as we develop our
joint venture operation in Cauchari."
Project Manager
Daniel Galastro is a Chemical Engineer with 15 years industry
experience, the last 8 years associated with process development
and the project management of lithium projects in Jujuy and Salta,
Argentina. In his most recent
role, he was the Salta based project manager of Rincon Ltd.'s Ni 43
101 compliant Definitive Feasibility Study (DFS) for a 25 ktpa
plant and was responsible for commissioning and operating the large
scale in-situ demonstration plant. Daniel has a Bachelor of
Chemical Engineering degree from Buenos
Aires University.
Advantage Project Director Andy
Robb commented "I am delighted to welcome Mr. Daniel
Galastro to the project engineering and development team as Project
Manager locally based. Daniel is a highly experienced engineer and
project manager, with experience in large lithium project
development in Argentina. He
brings essential skills in Lithium process and infrastructure
development and will provide the necessary leadership to take the
project forward through feasibility (DFS) , detailed engineering
and construction phases".
To find out more about Advantage Lithium Corp. please contact
Investor Relations at (604) 343-3760 or
email info@advantagelithium.com
ADVANTAGE LITHIUM CORP.
Per:
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"David
Sidoo"
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David Sidoo,
President
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Tel:
604.343.3760 | Fax: 604.683.1585
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Email:
info@advantagelithium.com
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About Advantage Lithium Corp.
Advantage Lithium Corp. is a resource company specializing in
the strategic acquisition, exploration and development of lithium
properties and is headquartered in Vancouver, British Columbia. The common shares
of the company are listed on the TSX Venture Exchange (TSX-V:AAL),
and the Company is also traded on the OTCQX Best Market in the U.S.
(OTCQX: AVLIF). The Company has acquired a 100% interest in five
projects in Argentina and has
acquired a 75% interest in a sixth, called Cauchari. The Cauchari
project is located just 20 km south of Orocobre's flagship Olaroz
Lithium Facility.
Further information about the Company can be found at
www.advantagelithium.com.
Cautionary Statement:
Certain information contained in this press release constitutes
"forward-looking information", within the meaning of Canadian
legislation. Generally, these forward-looking statements can be
identified by the use of forward-looking terminology such as "is
expected","intends", or "has the potential to". Forward
looking statements contained in this press release may include
statements regarding the future operating or financial performance
of Advantage that involve known and unknown risks and uncertainties
which may not prove to be accurate. Actual results and outcomes may
differ materially from what is expressed or forecasted in these
forward-looking statements. Such statements are qualified in their
entirety by the inherent risks and uncertainties surrounding future
expectations. The forward-looking statements included in this press
release are made as of the date of this press release and the
Company disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly
required by applicable securities legislation.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Advantage Lithium Corp