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Li3 Energy, Inc.: Li3 Energy Provides Update on Chilean Lithium Mining Law Developments

Fri, 10 Feb 2012 11:00:00 GMT

SANTIAGO, CHILE (MARKET WIRE) Li3 Energy, Inc., (OTCBB: LIEG) ("Li3", "Li3 Energy" or the "Company"), a US-listed and South American based global exploration and development company in the lithium and minerals sector, is pleased to provide an update regarding the Chilean law relating to the exploitation of lithium. Under current Chilean law, lithium is not exploitable via regular mining concessions and, no new lithium concessions have been issued since 1982. The Chilean Mining Code ("CMC") establishes the reserve of lithium to the State of Chile and expressly provides that the exploration or exploitation of

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