RARE EARTHS, SPECIALITY & MINOR METALS INVESTMENT SUMMIT

THE LONDON CHAMBER OF COMMERCE AND INDUSTRY ● THURSDAY, 18 MARCH 2010www.ObjectiveCapitalConferences.com

Investment Conferences

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2.05 – 2.30 The challenges of developing a lithium project– reopening the Quebec Lithium ProjectPeter Secker – CEO, Canada Lithium Corp

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London: March 2010

TSX.V: CLQ

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The statements made in this presentation contain certain forward-looking statements concerningpotential developments affecting the business, prospects, financial condition and other aspects ofCanada Lithium Corp. The actual results of the specific items described in this presentation, and thecompany’s operations generally, may differ materially from what is projected in such forward-lookingstatements. Although such statements are based upon the best judgments of Canada Lithium Corp.management as of the date of this presentation, significant deviations in magnitude, timing and otherfactors may result from business risks and uncertainties including, without limitation, the Company’sdependence on third parties, general market and economic conditions, technical factors, theavailability of outside capital, receipt of revenues and other factors, many of which are beyond thecontrol of the Company. Canada Lithium Corp. disclaims any obligation to update informationcontained in any forward-looking statement.

Toronto Venture Exchange: CLQ

Forward Looking Statements

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Lithium Mine Developer

Open pit lithium carbonate development in mining-friendly Quebec

Resource: 31 Mt (M+ I) and 39 Mt (Inf)

Successfully produced battery-grade 99.6% Li2CO3

18,400 tpa Li2CO3 + Mitsui marketing agreement

30 - 50 year mine life projected

Security of supply: only 14-hour drive to Detroit

$15 million cash – financed through feasibility

Fast-track to production in 2012

Canada Lithium Corp. Highlights

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Lithium: The Rechargeable Batteries of Choice

3X the energy density of nickel metal hydride

1/3 of the weight power

No memory effect

Faster recharge

Operates at -60C

10-15 year life

Performance

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Dramatic increases in demand coming soon

Long proven in cell phones, computers, cameras, Ipods and power tools

Now in lawn mowers, chainsaws, wheelchairs, scooters and boat motors

Next generation:

25 models of lithium-powered cars for sale by 2012

Power Grid warehouse-sized batteries for stabilization

Home storage off-peak power

Demand

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Key stats about electric cars and hybrids in the U.S.300,000+ hybrid cars sold in U.S. alone the past year (2.5% of sales)

U.S. govt $27.4billion in loans/grants to car & battery makers

At least 5 plug-ins available by 2010, 5 more in 2011

Volt will go 4 miles per kWh or cost equivalent of 92 miles/gallon*

10% of Americans want EV immediately – represents 1MM vehicles/yr**

U.S. uptake expected slow – market is saturated(at U.S. average 12 cents kWh and $2.75/gallon)

(**Ernst & Young Survey)

Electric Cars – A Major U.S. Initiative

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European governments are pushing much harderEV economics in Europe more compelling: Volt would achieve equivalent of 137 mpg in France*

France spending $2 billion on charging infrastructure in Paris alone

Spain aims for 1 million EV sales by 2011

Renault constructing plants in France and Spain

Nissan constructing electric battery plant in UK* At French average of 18 cents kWh and $6.20 /gallon

Europe gearing up faster

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But the real EV story is unfolding in Asia…..

China 2-3 years ahead of America/Europe

Currently making most of world’s lithium batteries

21 million electric scooters sold in China in 2008

China surpassed U.S. as world 2nd largest car maker

Nissan estimates 10 million EVs by 2015

BYD hybrid travels 330 kms on a charge

Chery S18 (China) EV will be $15,000

Rav (India) EV will be $12,000

Electric cars really an Asian story

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Both China and India estimate they will achieve Brazilian ratio by 2020.

That would require 250 million cars not including replacements!!

Significant percentage will be EVs

Cars per 1,000 population

Electric cars really an Asian story

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Aluminum 20%

Glass & Ceramics 20%

Greases13%

Batteries 29%

Other 19%

2009 Li2CO3 Equivalent Market ~ 120,000 tonnes

2007 usage

Lithium Use

Company Country Deposit Type 2008Li2CO3 (t)

2015Li2CO3 (t)

SQM Chile Brine 32,500 50,000

Chemetall Chile Brine 28,000 47,000

Canada Lithium Canada Pegmatite 0 18,200

FMC Chemical Argentina Brine 16,500 16,500

China China Brine 10,000 15,000

Galaxy Aus/China Pegmatite 0 17,000

Orocobre Argentina Brine 0 15,000

Talison Aus/China Pegmatite 5,000 5,000

FMC Chemical USA Brine 3,000 0

Various Pegmatite 11,000 30,000

Total ~ 100,000 ~ 220,000

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Lithium Supply Estimate 2008 to 2015

0

50

100

150

200

250

300

2008 2010 2012 2014

Thou

sand

s of

MT

If demand grows at 7.2% in 2009-10 and 15 % from 2011-15

Supply

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Demand

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Former Producer

Operated 10 years from 1955 to 1965

Produced spodumene and lithium carbonate

400 historic drill holes

Completed 7,500m drilling programme

Current drilling > 440 metres

Est 30 – 50 year mine life

Quebec Lithium Project

Surface plant ca: 1965

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Quebec, Canada

60 km NW of Val d’Or, Quebec

Excellent InfrastructurePaved road,1 km

Rail (U.S./port), 22 km

Electric power within 0.5 km (~ $0.04 KWh)

Mining friendly province

Skilled labor force and supply infrastructure

Low political risk, strong government support

Quebec Lithium Project

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Open pit outline

Quebec Lithium Surface View

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Open pit outlines

Quebec Lithium Vertical Section

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43-101 Resource

Category 000’s Tonnes % Li20Measured 6,896 1.10Indicated 24,740 1.11Total M & I 31,635 1.11

Inferred 38,940 1.12

(Rounded to the nearest thousand; total inferred mineral resource is exclusive of total measured and indicated mineral resources )

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Proposed open pit

Mineralized zones

Open Pit to -250 metres

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Battery-Grade Lithium

Mining Method

Open pit/decline @ 1 milllion tpa (3,000 tpd)

Crushing, grinding, flotation to produce Spodumene

155,000 tpa of Spodumene @ 6.5% Li2O

Acid leach + NaCO3 to produce Lithium Carbonate

18,400 tpa Li2CO3 @ 99.5% purity

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Hydro-metallurgical Flow Sheet

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Second step: battery-grade lithium carbonate

Battery grade 99.5% Li2CO3 using conventional metallurgical techniquesAnnual output: +/-41 million lbs (18,400 tonnes)PFS capital and operating costs at end MarchAnnual sales: US$120mMarketing Agreement with Mitsui and Co.

Quebec Lithium Metallurgy

Lithium Pricing ($US/t)

0

2000

4000

6000

8000

2003 2004 2005 2006 2007 2008 2009

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Timetable to development

Consultants: Caracle Creek International Consulting or CCIC (geological); BBA lnc. (engineering); Genivar Inc. (environmental); SGS Lakefield (metallurgy)

Quebec Lithium Development Plans

2009 Q1 Q2 Q3 Q4 2011

43-101 Resource (CCIC) X X

Pre-feasibility (BBA) X X

EIS (Genivar) X X X X X

Pilot Plant (SGS) X X X

Bankable feasibility X X X

Construction X

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Capital Structure & Market

Share price C$ 0.51

Market Cap C$75m

146 million shares S/O

170 million F/D

$15M cash in bank

No debt