INTERNATIONAL LITHIUM CORP

Vancouver Electric Vehicle Association

May 2010

Presented By: Mike Sieb

Presentation Outline

• Applications

• Demand

• Growth

• Sources

• Demand vs. Supply

1. Lithium

• Structure

• Projects

2. International Lithium Corp.

What is Lithium?

• Lithium is a soft, silver-white metal

that belongs to the alkali metal

group of chemical elements. It is

represented by the symbol Li, and it

has the atomic number 3

• Highly Reactive

• Lightest of all Metals

• Least Dense Solid Element

• Highest Specific Heat Capacity

• High Electrochemical Potential

“The Miracle Element”

Applications of Lithium

Batteries25%

Wide Varietyof Other Uses

27%Glass &

Ceramics18%

LubricatingGrease

6%

Pharmaceutical7%

Air Conditioning

6%

Aluminum Production 5%

75% of Lithium

Produced is for

Industrial Usage

Decreases Melting

Point, Viscosity and

Energy Costs while

Increasing Thermal Stability

Improves Melting Behaviour

of Aluminum Oxide

Higher

Performance &

Temperature

Tolerance

High Charge- and

Power-to-Weight Ratio

World Demand for Lithium

Conversion of Lithium to Lithium Carbonate is 5:1 approximately

* Historic Demand sourced from Roskills 2009 Report

* 0.6 kilos of Lithium Carbonate Per kWh (Industry Standard)

Lithium Demand Focus

Introduction of Electric Vehicles is Main Demand Driver

• 700 Million Cars Today

3 Billion Vehicles by 2050

(International Monetary Fund)

• 25 Models of Li-powered

cars by 2012

• 9.6 Million Electric

Vehicles by 2018

(JP Morgan)

ADDS UP TO A SUBSTANTIAL GROWTH RATE

Electric Vehicle Demand for Lithium

~70,000 Tonnes By 2020 (FMC)

• Automobile makers are transitioning to high

performance hybrid / lithium-battery driven cars!

• BYD + Chinese Manufacturers

• Aptera

• Mitsubishi

• Nissan

• Opel

• Toyota

• Hyundai

• GM, BMW, Benz

Electric / Hybrid Vehicle Technology

• China is now world‟s largest car market at 13.6 million vehicles

sold in 2009, up nearly 45% 2008 data (US at 10.4M)

• Export brand sales 70%, Domestic brands increasing in numbers

• BYD (10% owned by Warren Buffet)

first hybrid in China travels 330km on one charge

• Projected 5% penetration by 2011+

which translates to nearly 750,000 EV

using about 15-30 lbs each

China‟s Largest Car Market – EV Sales to Soar

http://www.reuters.com/article/idUSTRE60722O20100108http://news.yahoo.com/s/ap/20100510/ap_on_bi_ge/as_china_auto_sales

From Novelty to

10% penetration of

market, 120 million

bikes on road today

from few thousands

From $0 to $11

billion dollar industry,

selling at $1300-

3000 USD/each

Limitations of energy

costs and pollution

restrictions expected

to assist introduction

of EV cars into China

Asia‟s Phenomenal Electric Bike Growth

http://www.nytimes.com/2010/02/01/business/global/01ebike.html

Growth of Electric Bikes 1998-2010

• Europe is building EV support infrastructure

– Denmark adding $100 million on charging-ports, power grids,

battery-swap stations

– Better Place is running these grids based on power from wind

power, already supporting 20% of Denmarks‟ energy supply

– France spending $2 billion in Paris for grids and charge ports

• Nissan Leaf and Renault‟s hybrid/EV factories are in UK

Europe is Moving Ahead with EV Concept

http://www.thetruthaboutcars.com/denmark-ev-incentive-40k-and-a-parking-spot/http://www.evworld.com/news.cfm?newsid=22979

Global Lithium Production\Development

1. Lithium Brines 2. Pegmatites

3. Clay Hectorite 4. Oilfield & Geothermal Brine

Sources and Potential Sources for Lithium

Lithium Carbonate Production (Annual)

Company Country Deposit Type Li2CO2 Eqvt

Talison Australia Spodumene 10,000 tonnes

SQM Chile Brine 32,600

Chemetall Chile Brine 13,000

Chemetall US Brine 3,000

FMC Chemical Argentina Brine 16,600

Qinghai CITIC China Brine 10,000

Various Others China Spodumene 15,000

TOTAL 100,200tonnes per year

* 2014 projected demand at 163,000 (Reference: Byron Capital Markets)

Sources of Lithium - Brines

Predominantly Found in Salt Lakes

In the Form of Dissolved Salts

Ranging from 200-1500 mg/l Lithium

1. Lithium Brines

Lithium Brines Cont‟d

Accessed By Water Well

Pumped to Surface

Typically Concentrated By Solar Evaporation Ponds

Generally accompanied in Solution with other

compounds: boron, sodium chloride, sulfate, etc.

CBS News - FMC‟s Atacama in Chile

Brine Production Process & Costs Breakdown

Process Step Chemical / Driver

Cost

Cost ($/tonne

Li2CO3)

Remove Magnesium Slaked lime (Ca(OH)2) 180 (per unit Mg:Li)

pH adjustment Hydrochloric acid

(HCl)

20

Remove B/Sulphates Calcium Chloride

(CaCl2)

240

Convert to carbonate Soda ash (Na2CO3) 760

Plant Amortization N/A 1,067

Total 2,267 (at Mg:Li of 1:1)

Variable cost per

tonne

1,200 (at Mg:Li of 1:1)

Reference: Byron Capital Markets

Sources of Lithium - Pegmatites

2. Pegmatite

Coarse-Grained Granite

Occurs as Intrusive Dike

Can Be Strongly Zoned

Associated with Other

Rare Elements

Spodumene Pegmatite

Layered

Crystal Growth

Core

Intermediate

Intermediate

Wall Rock

Wall Rock

Pegmatite Source Cont‟d

Deposit Grade Ranges 1-2% Lithium with Economics

Assisted with Other Rare Metals Present such as Cesium,

Tantalum, Rubidium, Niobium, etc.

Mined by Traditional Hard Rock Methods (Open Pit)

To process: Heat to 1,000 celsius, pulverize & dissolve with

sulfate and series of acid – finally mixed with soda ash

Giant Spodumene Crystal Greenbushes Open Pit Mine

Spodumene Production Cost Breakdown

Process Step Chemical / Driver Cost Cost ($/tonne Li2CO3)

Extract ore N/A <1,200

Spodumene N/A 500

Calcining Oil 230

Pulverizing

Concentrate

N/A 100

Leaching Sulfuric Acid (H2SO4) 585

Washing Water 0

Convert to Carbonate Soda Ash (Na2CO3) 505

Plant Amortization N/A 3,333

Total <$6,453

Variable Cost/Tonne <$3,120

Reference: Byron Capital Markets

Estimated Cost of Lithium Production

Type Brine Spodumene

Variable cost (tonne Lithium

Carbonate)

Includes all reagent

costs at Mg:Li of 1:1

$1,200 $3,120

Total

amortized cost (tonne LCE) before any

other credits. This

accounts for fixed costs

of plants and

operations

$2,267 $6,453

Reference: Byron Capital Markets

Lithium Price Trend

Demand vs. Supply

• Roskill and Byron expects 40% increase in demand by 2014

• Electric cars and automotive industry all reporting switch to

lithium-ion batteries – new standard emerging

• Majority of Production from Brines

• Brines Sources are not Static – Increase of Production has

the Possibility to Damage Aquifer

• Brines Cannot Quickly & Easily Respond to Demand Increase

• Hard Rock Mining still relatively expensive & time to start up

is years from resource identification

• Hectorite Clays – unproven but promising future source

May 2010

Minera SolitarioArgentina Projects

Cu-Au

Bristol Exploration

Alaskan Projects

Au

International Lithium Corp

Li + REE

3 Subsidiaries

Project

Generator

TNR Shareholders proposed dividendup to 1 unit in ILC for every 4 shares of TNR

PlannedSpin-off

of Lithium

Subsidiary

TargetCompletion

Q2 2010

TNR to maintain a minimum of 25% interest

in ILC

Opportunity to participate at early stage in tightly controlled company

Exposure to „Lithium and Rare Earth Elements‟ growth sector

Warrant provides potential future benefit at no additional cost

Continued investment in TNR a Lead Project Generator

TNR Gold Corp.TNR:TSXV

Corporate Structure

Unlocking

The Value

Projected Structure - International Lithium Corp.

Corporate Data*Shares issued: 60 M

Fully diluted: 123 M

Cash: $ 2.5 M

Market Cap**: $ 15 M

TNR Ownership: 30%

Insider Ownership: 26%

Gary Schellenberg, B.Sc. (Geol.) - Executive Chairman, CEOKirill Klip, MBA - Non-Executive ChairmanMike Sieb, MBA , B.Sc (Geol.) – President and DirectorWayne Spilsbury, B.Sc, M.Sc - Director Bernard Dewonk, B.Sc, P.Geo - Director Jerry Bella, CGA – CFOJohn Harrop, P.Geo - Chief Geologist Dr. Frederick Breaks, P.Geo - Special AdviserThomas Currin – Special AdviserJerry Huang, B.BA – VP Corporate Development

Management and Directors

June 8, 2010 established

as the meeting date for

shareholder approval of the

spin-out of ILC

* Subject to any increase resulting from

further possible share issuances by

TNR prior to the record date and

including the potential exercise of the

Mariana property option.

** Estimate at listing

Expertise – Specialised Team

26Ike Osmani, P. Geo, Chief Geologist John Harrop, P. Geo, Senior Geologist

9

Projects

Worldwide

Geographic

and

Commodity

Diverse

Project Selection

Actively Sourcing Additional Opportunities

And Strategic Partnerships 27

Andean Salars – Salta Province Argentina

28

Mariana Project – Brine Sampling

Potential Low-Cost Source of Lithium

• 120 km2 covering entire salar

• 100% Option

• 2km sample grid – shallow pits

• Results Range 250-650 mg/L lithium

throughout main salar

• Current producers range from 150-1500

mg/L of Lithium

• Ability to rapidly advance project through

drill stage

29

Mariana Project – Geological Model

Identification of a Drop- Down Block

Presents Ideal Brine Trap

Geothermal

Conduits

Generate

Convection

Currents

Sourcing and

Concentrating

Lithium

Mariana Project - Proposed Drill Holes

Initial Drill Program

Consists of 3 Holes

100 metres Depth

Testing Different Regimes

Within Salar

Drilling

(3 Holes)

Exploration Program – Mariana Project

Re-sampling

32

2010D

ecis

ion

P

roce

ss

Pre-Feasibility

to Feasibility

De

cis

ion

P

roce

ss

Subsequent 12

Months

Drilling

(10-20 Holes)

Geophysics

Nevada Lithium Brine Projects - ILC

Chemetall-Foote‟s

Clayton Valley

lithium brine operation has

been producing since 1967

Silver Peak

ILC currently has

3 active

lithium brine

projects totaling

5,300 hectares

in this highly

prospective area33

Clayton Valley Brine Occurrence

Bouger Gravity Contour Map

Clayton Valley, Esmeralda County

A

A’

General cross section of Clayton Valley with its fault planes and possible groundwater flow

(modified from Davis et al., 1986)

Nevada Brine Model – Clayton Valley

A A’

Mud Lake Project, Nevada

Typical Nevada Valley

Target Geology

2,900 hectares

Mud Lake

Probable

Fault Escarpment

Looking W

Gravity

Low

Interpreted

Structure

Mud Lake– Exploration Approach

Compile and

Interpret

Historic Data

Model Built on

Proximity Work

by USGS and

Third Party

Gravity Survey

Interpretation

Indicates

Faulting and

Drop Blocks MUD LAKE PROJECT AREA

Mud Lake– Interpreted Model

Claims

Selected

Over Postulated

Basement LowsReflecting High Potential Brine Traps

MUD LAKE PROJECT AREA

Exploration Program - Nevada

39

2010 2011

Feasibility?

1

2

3

Geophysics

(Gravity)PropertiesDrilling

(2-3 holes)

Mud Lake Geophysics Commencing April 2010

Followed by Systematic Exploration Approach

For All Nevada Projects

Pegmatite Projects

Proven Business Model

44

“Lead Project Generator”

• Early Identification and Acquisition of Opportunities

• Advancement Provides Maximum Value Increase

Over Minimum Period for Minimum Cost

• Utilize Strategic Joint Venture Partnerships to

Facilitate Rapid Multi-Project Development,

Mitigate Risk and Add Strength

• Continued Evaluation and Incorporation of

New Properties into Project Pipeline

Contact Information

Address

P.O. Box 11604

620 - 650 West Georgia St.

Vancouver, British Columbia

V6B 4N9, Canada

Phone: (604) 687-7551

Fax: (604) 687-4670

Toll Free: 1-800-667-4470

E-mail: info@tnrgoldcorp.com

Investor Relations

Jerry Huang

TNR Goldcorp

Phone: (604) 687-7551

Fax: (604) 687-4670

Toll Free: 1-800-667-4470

E-mail:

jerryhuang@tnrgoldcorp.com

45

Disclaimer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this presentation. Statements in this presentation other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company‟s future plans and objectives or expected results, are forward-looking statements. This presentation contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company‟s business, including risks inherent in resource exploration and development. As a result, actual results might vary materially from those described in this presentation. Readers should verify any & all claims and do their due diligence before investing in any securities mentioned. Investing in securities is speculative and carries a high degree of risk.