PL First Potash Corporation

On January 28, 2010 Pan American Lithium Corp. (TSX VENTURE: PL) ("Pan American" or the "Company") announced that it expected to deliver by the end of March 2010, the results of a study at its 100% owned Laguna Verde salar lake in Atacama Region III, Chile, in order to develop an inferred resource estimate for lithium content compliant with National Instrument 43-101.

The major earthquake last weekend in the country of Chile has disrupted transportation to and services within the country. Even though Pan American's projects are over 1000 kilometres distant from the damaged areas, and are otherwise unaffected, the Company has adjusted its timeline and now anticipates that the Laguna Verde resource estimate will be completed by April 30, 2010.

On Behalf of the Board,

PAN AMERICAN LITHIUM CORP.

Andrew A. Brodkey, President and CEO

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company such as the statement that the Company anticipates that the Laguna Verde resource estimate will be completed by April 30, 2010. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions; (ii) a decrease in demand for and price of lithium; (iii) general uncertainties with respect to mineral exploration in general; (iv) changes in the political or regulatory environment in Chile; (v) inability to raise required financing or execute the Company's business plan. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice.

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.

Contacts: Pan American Lithium Corp. Andrew A. Brodkey President and CEO 604-683-8610