LAC Lithium Americas Corporation

Lithium Americas Corp. (TSX:LAC) (the "Company") is pleased to announce that it
has received gross proceeds of approximately $18.55 million before expenses as a
result of the successful closing of its over-subscribed rights offering through
the issuance of 77,308,481 common shares at a subscription price of C$0.24 per
common share.


Under the rights offering, 65,120,902 common shares were issued under the basic
subscription privilege extended to rights holders (representing over 84% of the
total shares on offer) with 12,187,579 additional common shares issued pursuant
to exercises of the additional subscription privilege. 


As previously announced, the Company's largest shareholder, Geologic Resource
Partners LLC, through four funds that it manages, agreed to act as a standby
purchaser in respect of the rights offering in consideration for a fee equal to
3% of the gross proceeds of the offering. Geologic purchased a total of
22,094,912 common shares under its basic and additional subscription privileges
under the offering.


The net proceeds of the rights issue will be used by the Company to repay all
its outstanding debt, currently approximately $9.5 million, and for general
working capital purposes, including the continuing funding of its flagship
Cauchari-Olaroz lithium project in Jujuy province, Argentina. 


The total number of issued and outstanding shares of the Company is now
154,616,962. 


The Company's Executive Chairman, Tom Hodgson, commented: "We are very
appreciative of this strong show of support from our existing shareholders. In
particular, I want to thank Geologic Resource Partners, whose willingness to act
as a Standby Purchaser ensured the success of the financing. The funds raised
will strengthen our balance sheet and provide working capital for the Company as
we continue to pursue the best development opportunity for our Cauchari-Olaroz
lithium project in Jujuy province, Argentina. In the foreseeable future, our
principal development focus will be on implementing the previously announced
Co-operation Agreement with POSCO, pursuant to which POSCO will be delivering
their PP3 pilot plant to our Cauchari location."


About the Company 

Lithium Americas is developing one of the world's largest and lowest cost
lithium operations. The Company has defined the world's third largest lithium
brine resource, and a completed definitive Feasibility Study identified that
Lithium Americas' operating cost per tonne of lithium carbonate is expected to
be one of the lowest in the industry. 


Cautionary Note and Forward-looking statements 

This press release contains forward looking statements, which can be identified
by the use of statements that include words such as "developing", "expect",
"will", "continue", "implementing", or other similar words or phrases.
Forward-looking statements express, as at the date of this press release, the
Company's plans, estimates, forecasts, projections, expectations, or beliefs as
to future events or results. Forward-looking statements are based on certain
assumptions, including the key assumptions and parameters on which such
estimates are based, involve risks and uncertainties and there can be no
assurance that such statements will prove to be accurate. Therefore, actual
results and future events could differ materially from those anticipated in such
statements. Factors that could cause results or events to differ materially from
current expectations expressed or implied by the forward-looking statements,
include, but are not limited to, possible variations in mineral resource and
reserve estimates, grade/concentration or recovery rates, lithium or potash
prices, operating or capital costs; changes in project parameters as plans
continue to be refined; political, community relations, regulatory,
environmental and other risks of the mining industry and other risks more fully
described in the Company's Short Form Prospectus dated January 31, 2014
available on SEDAR. The Cauchari-Olaroz project has no operating history upon
which to base estimates of future cash flow. The capital expenditures and time
required to develop any new project is considerable and changes in capital
and/or operating costs or construction schedules can affect project economics.
It is possible that actual capital and/or operating costs may increase
significantly and economic returns may differ materially from the Company's
estimates or that prices of lithium and/or potash may decrease significantly or
that the Company could fail to enter into a commercialization agreement for the
project or obtain further project financing on acceptable terms and conditions
or at all, in which case, the project may not proceed either on its original
timing or at all. It is not unusual in the mining industry for new mining
operations to experience unexpected problems during the start-up phase,
resulting in delays and requiring more capital than anticipated. Although the
Company has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward looking statements,
there may be other factors that cause results to be materially different from
those planned, estimated, forecasted, projected or expected. The Company does
not intend, and does not assume any obligations, to update forward-looking
statements, whether as a result of new information, future events or otherwise,
unless otherwise required by applicable securities laws. Readers should not
place undue reliance on forward looking statements. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lithium Americas Corp.
Mike Cosic
Chief Financial Officer
416-360-1921
mcosic@lithiumamericas.com
www.lithiumamericas.com

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