PennyTrader.com Initiates Coverage of AmeriLithium Corp. (OTCBB: AMEL)

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About AmeriLithium Corp. (OTCBB: AMEL)

AmerLithium is an independent US based lithium exploration and Mining Company dedicated to powering America’s energy future.

With headquarters in the resource-rich state of Nevada, our goals are clear: helping to secure sustainable, ecologically-sound, domestic energy sources that maximize investor value today, while contributing to a greener US tomorrow.

As one of the cornerstones of America’s plans for a new energy economy, lithium power presents an unrivalled investment opportunity that is set to touch almost every part of future industries. Thanks to our strategic positioning in the US lithium heartland, AmeriLithium is set to lead the way in a marketplace of unparalleled opportunity, guaranteed growth and assured government backing.

April 5 - AmeriLithium’s Americana Project Poised to Exploit North American Market

AmeriLithium (OTC Bulletin Board: AMEL; “AmeriLithium” or “the Company”) is pleased to underscore that the Company’s recently acquired Americana project is ideally situated – geophysically, geographically and geopolitically – to take advantage of the North American Lithium market.

The US remains the world’s leading importer of Lithium minerals and compounds due to the combination of having only a single active Lithium mine while the majority of the world’s Lithium resources are located on foreign soil. According to the US Geological Survey’s (USGS) 2010 Mineral Commodity Summaries, while there was a significant increase in the US’s identified Lithium resources* – 2.5 million tons (up from 760,000 tons in 2009) – about 23 million tons of identified Lithium resources have been located in countries other than the US. The USGS also reported that, in spite of the recent economic downturn, a host of new companies had explored for Lithium in 2009, leasing or staking claims in countries around the world. Listed among those countries marked by secure and politically stable conditions was Canada.

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