PL First Potash Corporation

Pan American Lithium Corp. (TSX-V:PL) (OTCBB:PALTF.OB) (OTCQB:PALTF.OB) ("Pan American Lithium" or "the Company") today announces that its investor relations agreement with ProActive Capital Resources Group effective May 1, 2011 has ended pursuant to the terms of the agreement. The Company thanks the ProActive team for their service.

On Behalf of the Board

PAN AMERICAN LITHIUM CORP.

/s/ Andrew Brodkey

Andrew A. Brodkey

President and CEO

Tel: (520) 623-3090

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.

CONTACT: George McIntyre
         CEOcast, Inc.
         Tel: (212) 732-4300
         gmcintyre@ceocast.com