Mr. Dustin Nanos reports

SALI LITHIUM ANNOUNCES PRIVATE PLACEMENT

Sali Lithium Corp. intends to undertake a non-brokered private placement to raise gross proceeds of up to $1.5-million through the issuance of up to eight million hard-dollar units priced at 12.5 cents per hard-dollar unit and up to 3,333,333 flow-through units priced at 15 cents per flow-through unit.

Each hard-dollar unit consists of one common share and one common share purchase warrant. Each hard-dollar warrant will be exercisable to acquire one common share at an exercise price of 25 cents for a period of 24 months following the closing date, subject to acceleration on specified conditions. Each flow-through unit consists of one common share issued on a flow-through basis pursuant to the Income Tax Act (Canada) and one-half of one common share purchase warrant. Each whole flow-through warrant will be exercisable to acquire one common share at an exercise price of 25 cents for a period of 12 months following the closing date. Finders' fees may be paid on part or all of the private placement to qualified finders in compliance with the policies of the Canadian Securities Exchange and applicable securities laws.

The net proceeds from the hard-dollar units are intended to be used for financing the phase 1 exploration program on the company's El Quemado project and general working capital purposes. The gross proceeds from the flow-through shares are intended to be used to incur Canadian exploration expenses that are flow-through mining expenditures (as those terms are defined in the Income Tax Act (Canada)) on the company's Quebec projects.

All securities issued pursuant to the placement will be subject to a four-month-and-one-day hold period under Canadian securities laws. Completion of the private placement is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the CSE.

There can be no guarantee that the private placement will be completed on the terms outlined above, or at all.

We seek Safe Harbor.