News Releases

May 28, 2009
First Lithium Resources Announces Private Placement Financing of up to $350,000.00

Vancouver, British Columbia - First Lithium Resources Inc. (the "Company") announces that the Company wishes to proceed with a Non-Brokered Private Placement of up to 3,500,000 Units at a purchase price of $0.10 per Unit for proceeds of up to $350,000. Each Unit shall consist of one Common Share and one Warrant with each Warrant entitling the holder to acquire one common share of the Company for a period of two years following the Closing Date at an exercise price of $0.15 per Share in the first year and $0.20 per Share in the second year.

The funds will be used for general working capital and for further development of the Company's Canadian properties.

Finder's fees will be payable within the TSX Venture Exchange guidelines.

This transaction is subject to the approval of the TSX Venture Exchange.


Craig Naughty
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."

3102-788 Richards St.
Vancouver, BC. V6B 0C7
Tel: (604) 669-0401 Fax: (604) 669-0414
Toll Free:1(877) 669-0401
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