Lithium

Li3 Energy, Inc., (OTCBB:LIEG) released their letter to shareholders from its Chief Executive Officer, Luis Saenz, including updates on the Maricunga project and next steps.

Li3 Energy, Inc. (OTCBB:LIEG) announced significant Measured and Inferred Resources in the NI 43-101 Technical Report for the Maricunga property, warranting further exploration work to advance it to the feasibility stage.

Li3 Energy, Inc., (OTCBB:LIEG) entered into a non-binding Memorandum of Understanding with its strategic partner POSCO (NYSE:PKX) to design, build and operate a test facility for the recovery of lithium and other products at POSCO's sole expense.

Li3 Energy, Inc.(OTCBB:LIEG) announced the first results from its Phase one exploration and drill program at Maricunga, Chile. The Company launched its the $18m program in August 2011 and completed the $8m first phase on schedule. Li3 hope to complete a NI 43-101 Technical Report by March or April and follow this with phase two of the program.

Li3 Energy, Inc., (OTCBB:LIEG) has signed a Letter of Intent to acquire the rights to the lithium assets of New World Resource Corp. (TSX VENTURE: NW), which has the Pastos Grandes lithium project under development, located in the Sud Lipez province within the Department of Potosi, Bolivia.

Li3 Energy, Inc.(OTCBB:LIEG) announced the latest signumBOX rankings. signumBOX issued several reports regarding the use of lithium and ranked over 90 lithium projects on the signumBOX performance Index. As quoted in the press release: