May 21, 2009
Kalum Property Option Agreement Terminated
First Lithium Resources Inc. (formerly Mountain Capital Inc.) (the "Company") announces that the Kalum Property Option Agreement dated November 23, 2007 and all amendments made thereto (the "Agreement"), with Eagle Plains Resources Ltd. ("Eagle Plains") has been terminated by mutual consent. Concurrent with the termination of the Agreement, the Company has issued 150,000 common shares and $25,000 cash to Eagle Plains and has left the Kalum Property in good standing, as per the conditions of the Agreement.
This news release has been prepared on behalf of the First Lithium Resources Inc. (formerly Mountain Capital Inc.) Board of Directors, which accepts full responsibility for its contents.
ON BEHALF OF THE BOARD
President & CEO
For further information contact or Craig Naughty, or visit the website at
"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."
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