Pan American Lithium Corp. is a junior mining company engaged in acquiring and exploring lithium properties in Latin America. It has a portfolio of 11 lithium projects in Chile covering over 20,000 hectares, including mineral and water rights. Key projects include Laguna Verde with an inferred resource of over 500,000 tons lithium carbonate equivalent, and Rio de la Sal/Pedernales and Llanta which show promising lithium grades from initial exploration. The company aims to advance these projects through further exploration work including resource estimates to evaluate their development potential.

1. Investor Presentation – Spring 2012
U.S. Listing: (OTCBB:PALTF), (OTCQB:PALTF)
Canadian Listing: (TSXV:PL)

2. Disclaimer / Forward Looking Statements
This presentation is prepared by Pan American Lithium Corp. (“ the Company”), and is solely for the purpose of corporate comm communication and
general reference only. The presentation is not intended as an offer to sell or to solicit an offer to buy or form any basis of investment decision for
any class of securities of the Company in any jurisdiction. All such information should not be used or relied on without prof
professional advice.
The presentation is a brief summary in nature and does not purport to be a complete description of the Company, its business, its current or
historical operation results or its future business prospects.
The presentation contains certain forward looking statements with respect to the financial conditions, results, operations an business of the
and
Company. The statements and forecasts involve risk and uncertainly because they relate to events and depend on circumstances that occur in the
future. There are a number of factors that could cause actual results or developments to differ materially from those express or implied by these
forward looking statements and forecasts.
This presentation is provided without any warranty or representation of any kind, either express or implied. The Company spec specifically disclaims all
responsibility in respect of any use or reliance of any information, whether financial or otherwise, contained in this presen
presentation.
This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Sectio 21E of the
looking Section
Securities Exchange Act of 1934, including statements regarding the business of the Company and its industry generally, busin strategy and
business
prospects. These statements are based on our estimates, projections, beliefs, and assumptions and are not guarantees of futur performance. We
future
caution that these statements are subject to various known and unknown risks and that actual results may differ materially fr
from those express in
forward-looking statements. The Company undertakes no duty to update these forward
looking forward-looking statements except as required by law.

3. Company Overview
Pan American Lithium Corp. (“PALC”) is a publicly traded Junior Mining company that is
engaged in the business of acquiring, exploring, and evaluating lithium properties in
Latin America.
A world-class portfolio of properties – brine salars (not hard rock) in Chile
– Rights in 11 salars in Atacama Region III, Chile (containing Lithium / Potassium / other metals)
– All projects are brine salars – lowest quartile of global operating costs
NI 43-101 resource estimate for first project (surface brine lake)
101
– Average Lithium (Li) grade of 212.40 mg/liter; 512,960 metric tons of lithium carbonate equivalent
– Average Potassium (K) grade of 4,881mg/liter; 4,223,134 metric tons of potash chloride equivalent
Trades in the U.S. (OTCBB:PALTF), (OTCQB:PALTF) and in Canada (TSXV:PL)
Corporate headquarters in Tucson, Arizona

4. Investor Highlights
1 • Experienced management team
2 • PALC is highly undervalued
3 • Lithium – a metal with an exciting future
4 • World-class portfolio of properties in development
class
5 • Significant valuation inflection points ahead

5. Management Team
Andrew Brodkey – CEO and President
Former Managing Director of International Mining & Metals Group of CB Richard Ellis, Inc.
(NYSE:CBG); responsible for over $100M in asset purchase/divestiture transactions.
Served as VP and General Counsel of Magma Copper Company, (NYSE:MCU) acquired by BHP
Billiton Ltd. (ASX:BHP) for $3.5 billion in 1996 merger. Became VP of Business Development for
one of their divisions, BHP Copper where he was responsible for managing company’s portfolio
of mining assets, both new mining acquisitions and asset divestitures.
Former Attorney specializing in natural resource and environmental law at Denver
Denver-based law
firm of Gorsuch, Kirgis, Campbell, Walker and Grover.
B.S. in Mining Engineering (with distinction) from University of Arizona; J.D. (cum laude) from
Creighton University.
Dr. David Hackman – Vice President of Exploration
Geologist with 35+ years of experience specializing in leachable metal deposits.
Former geologist for Exxon Mobil Corporation (NYSE:XOM) and Alcoa, Inc. (NYSE:AA).
Served as VP of Exploration for Mercator Minerals Ltd. (TSX:ML), current Market Cap. of $500M.
Former VP of Exploration for AZCO Mining, where he helped to discover the Piedras Verdes
Property (copper in Mexico) later sold to Phelps Dodge Corp. Deposit is in production via
Frontera Copper Corp. (TSX:FCC).

6. Management Team
Dr. Ron Richman - Member of Board of Directors, Pan American Lithium
• Co-Director of the University of Arizona’s Arid Lands Sustainable Bio
Director Bio-Energy Institute
• Chairman of the Board for the Innovative Technology Development Center ( a 501c3 devoted to
sustainable economic development in Southern Arizona
• Member of the Board of Directors, Titan Iron Corp
• Retired IBM executive where he managed a variety of groups including, business development,
strategy, small and medium business development, as well as various consulting groups.
• Ph.D. in chemistry and an MBA
Dr. David Terry - Member of Board of Directors, Pan American Lithium
• 20 years experience in the resource sector with a focus on exploration for wide spectrum of
precious and base metal deposits in North and South
• Ph.D. in geology from University of Western Ontario
• Specializes in public company management and international projects
• Held a position with the British Columbia Ministry of Energy and Mines
• Expertise in implementation of exploration programs
Mr. Hyundae Kim - Member of Board of Directors, Pan American Lithium
• POSCO Director nominee
• Serves as the Director in the Growth and Investment Division for POSCO
• Served in the Korean Central Government’s Ministry of Commerce, Industry and Energy from
1994 to 2006
• From 2006 to 2009 worked in the private sector as Managing Director for New Investment
Development and Strategy at ILJIN materials, a Korean B2B company

7. PALTF is Undervalued – Peer Comparison (as of January 20, 2012)
Pan American Lithium Corp. (OTCBB:PALTF) Li3 Energy, Inc. (OTCBB:LIEG)
Market Capitalization: $4.5M Market Capitalization: $23M
Multiples of PALTF 5x
Chile Asset Concentration Diversified amongst 11 properties Chile Asset Concentration Only 1 property
NI 43-101 Resource 500,000 tonnes NI 43-101 Resource None so far
Hectares of Chilean 20,000 Hectares of Chilean Mineral Rights 11,000
Mineral Rights
Ownership Full ownership in 8 salars / partial Ownership JV/partial ownership in
ownership in 3 others one project at one salar
Strategic Offtake Partner POSCO (Korean multi-national) Strategic Offtake Partner POSCO
Property Snapshot: Salar de Maricunga (15,000 Property Snapshot: Salar de Maricunga
hectares with >20 separate owners) (15,000 hectares with >20
separate owners)
PALTF owns 1,220 hectares in the Maricunga Salar. It owns LIEG has rights to a joint venture, 60% interest in 1,400
them though an 80/20 joint venture Most importantly, it owns hectares of mineral concessions in Maricunga and has recently
all of the available 15,000 hectares of water rights at this salar signed a letter of intent to buy another 1,500 hectares in the
needed for a project. salar. This is LIEG’s flagship property.

8. Requirements to Mitigate Investment Risk
Properties have secure mineral and water rights
Production targeted at less than $2500 cash cost per tonne of Li2CO3—
Lithium brine salars
Minimal potential legal exposure (multiple Li concession holders or
‘fragmented’ ownership at a salar cause complications)
Multiple properties to spread risk and reward
Competent, experienced management team, Board and technical advisors
Projects sited within stable and pro-mining jurisdictions
mining jurisdictions—Chile and Mexico
Minimal transportation costs to west coast South American for export to Asia
Time to startup of production and delivery to market is reasonable
Strategic investor/offtake partner (POSCO) acquired19.9% stake in Pan
(POSCO)—
American in August, 2011, plus right to build pilot facility
Only one “Junior” Company meets all these
requirements in Chile

9. Lithium Industry Overview - Demand Drivers
Lithium demand fueled by growth in battery industry and use in automobiles,
electronics, etc.
Overall demand growing 5% per annum (with battery demand increasing over 25% annually)
– Total lithium carbonate demand was ~45,000 metric tons (1997)
– Rising to ~110,000 tonnes (2009)
– Predicted to increase further (>200,000 metric tons by 2015 – 2020)
As lithium battery technology matures, its applications in mobile electronics products have
achieved great success.
– In the future, lithium battery and nickel-metal hybrid battery will compete for the electric
metal
vehicle power battery market. On average, each electric car needs 10kg lithium carbonate.

10. Lithium Industry Overview – Lithium Price Trends
Demand growth of lithium has been solid for over a decade – and will continue.
In the mid-to-long term, once the world’s energy power batteries are in large
long large-scale application,
lithium market prospects will be extremely favorable.
– The current price for lithium carbonate is $5,120/ton; and the average price on longlong-term
contracts for the last 3 years has been in excess of $5,000/ton of lithium carbonate.
Lithium Carbonate Unit Value ($USD/ton)
$7,500
$6,500
$5,500
$4,500
$3,500
$2,500
$1,500
$500
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010E 2011E 2012E 2013E 2014E 2015E
Source: Roskill

11. Chilean Salar Overview – 11 sites
11
10
PA AMERICA
PROJECT LOCATIO S
1 Salar de Piedra Parada
2 Laguna Brava
3 Lagunas del Jilguero
4 La Laguna
5 Rio de la Sal/Pedernales
6 Laguna Verde
7 Salar de Wheelwright
8 Laguna Escondida
9 Salar Ignorado
10 Salar de Maricunga
11 Llanta Project

12. Significant Benefits to being in Chile
Chile is one of the best mining jurisdictions in the world
World's No. 1 copper producer
Center-right government of Sebastian Piñera with pro
right pro-business credentials
Low political/regulatory and permitting risk for mining projects
Mining represents 23.5% of GDP in Chile in 2010
Almost 200 year history of support for mining industry
Political, economic and social stability
Independent Judiciary, Parliament, Government
Mining project finance, tax, royalty, capital repatriation and other corporate, fiscal and financial
advantages over other South American countries
Significantly Lower Risk vs. other South American countries
Argentina: Soaring inflation, debt crisis, shortages of natural gas, electricity and labor, demands
for higher wages, and inability to project finance
Bolivia: Recent threats by President Evo Morales to “nationalize” mining concessions;
announcement that Bolivia will develop Li by itself at huge Salar de Uyuni
Venezuela: President Hugo Chavez caused panic in the mining industry after he nationalized the
country's gold mines in August of 2011

13. Overview of Lithium Projects
The management team of PALC has carefully selected properties with strong reserve potential.
The rights in the Company’s 11 lithium projects cover in excess of 20,000 hectares.
Nine of these properties are accessible by passenger car and are adjacent to serviceable roads.
All of the key projects have both mineral rights and water rights
Project Name Mineral Rights Water Next Steps Inferred Lithium Inferred Potassium
/ Hectares Rights (tons) / Grade (tons) / Grade
STAGE I Projects
Scoping &
Laguna Verde 512,960 - 213 mg/l 4,223,134 - 4,881 mg/l
3,400 Yes Pre-Feasibility Study
Feasibility
Rio de la Sal/Pederales 5,100 Yes NI-43101 Resource Study
43101 TBD
Llanta Project 3,000 Yes NI-43101 Resource Study
43101 140 mg/l 1575 mg/l
Laguna Brava 4,400 Yes NI-43101 Resource Study
43101 TBD
Stage II Projects
Salar de Maricunga 1,220 Yes Trenching Study TBD
Salar Piedra Parada 3,600 Yes Trenching Study TBD
Lagunas Jilgueros 1,100 Trenching Study TBD
Stage III Projects
La Laguna 400 TBD
Laguna Escondida 900 TBD
Salar Ignorado 600 TBD
Salar de Wheelwright 1,200 TBD

14. Major Projects – Laguna Verde
The Laguna Verde Project comprises 13 mineral exploration claims, totaling 3,400 hectares, plus
senior water exploration rights applications.
Property is 4 hours from Copiapo (the capital of Atacama Region III)
– northeasterly and easterly 161 kilometers to the border station at Maricunga, then south
and east 80 kilometers to Laguna Verde.
Young volcanic cones and vents surround the entire basin, and in most instances constitute the
divides separating the basin from other valleys and nearby salars.
– Elevations surrounding Laguna Verde reach 6,800 meters and more. The lake is fed by active hot springs,
and is thought to be of geothermal origin.
March 2010 – undertook work program to determine the depth
and volume of the surface lake.
April 2010 - Initiated a comprehensive lake brine sampling
program.
June 2010 – filed a NI 43-101 technical report for an inferred
101
resource estimate
– Average Li grade of 212.40 mg/liter; 512,960 metric tons of lithium
carbonate equivalent
– Average potassium (K) grade of 4,881mg/liter; 4,223,134 metric tons of
potassium chloride equivalent
Next Phases: Scoping & Pre-feasibility Study
feasibility

15. Major Projects – Rio de Sal / Pedernales
The Rio de Sal / Pedernales Project comprises of 15 exploration concessions totaling 5,100 hectares,
plus senior water rights applications
Located 60 kilometers north of Salar de Maricunga, roughly 4 hours from Copiapo.
The Salar de Pedernales is the second-largest salar in Chile.
largest
PALC is the only Lithium company with concessions at this salar
November 2009 – Initial exploration yielded Li values as high as
391 mg/liter.
November of 2010 - began a trenching exploration program on the
combined Pedernales property position.
Li grades as high as 1,070 ppm, and K grades over 8,000 ppm from
trenching work.
Exploration drilling program in design for Q4-
-2011
Next Phase: NI-43101 Resource Study

16. Major Projects – Llanta
The Llanta Project comprises of 10 exploration concessions totaling 3,000 hectares plus senior water
rights applications.
Located close to the city of Diego del Amagro, has road access, power and low elevation.
Property Is 2 hours by car from Copiapo.
The Llanta project is a closed basin aquifer that is roughly 40 km downstream from the Salar de
Pedernales and in geological theory contains brines that originated from that salar.
– In addition, the Rio de la Sal, which leaves from the Salar de Pedernales, flows into the valley comprising
the Llanta project and disappears subsurface at these concessions.
November 2009 – Initial sampling yielded Li values as high as 391
mg/liter in Rio de Sal.
2011
Exploration drilling program and geophysical surveys
- 4 drillholes, 342 meters total
- Samples analyzed at 140 mg/l Li and 1575 mg/l K
- Montgomery & Associates recommended follow
follow-up drill programs and
pump testing.
Next Phase: NI-43101 Resource Study

17. Major Projects – Laguna Brava
The Laguna Brava Project comprises 16 mineral exploration claims, totaling 4,400 hectares.
Situated near Maricunga, a noted mining district, in the same general region of the central
Andes, near the Argentine border - accessible via paved International Highway C31 from
Copiapo (travel time is 4 hours); project is accessible via 2 wheel drive vehicles.
Situated in a region of young and active volcanoes and obvious geothermal activity.
Entire catchment area is dominated by Cenozoic dacite and andesite volcanic rocks, many of
which have been altered by hydrothermal fluids associated with volcanism.
The lake is fed by active hot springs, which appears to be the principal source of lithium,
potassium, and other metallic salts.
In April 2010, PALC initiated a comprehensive lake brine sampling
program at the shallow Laguna Brava surface lake.
Strong Li grades in shallow surface lake of 310 ppm.
Exploration program anticipated for 2012.
Next Phase: NI-43101 Resource Study

18. What’s Next?
COMPANY OPERATIONS
Opportunities to expand footprint – PALC has both water rights/mining rights at its major
projects and is constantly offered other projects and claims in Chile
Additional exploration to prove out NI 43-101 resource number on 3 major projects
101
Moving forward with POSCO on permitting and construction of pilot plant for lithium and
potassium
Plans for discussions with off-take partners or marketing arrangements for Potash
take
CAPITAL MARKETS
Robust Investor Relations program has commenced

19. Capitalization Table (as of March 15, 2012)
Capitalization Table
Common Stock Common Shares % of
Outstanding
Insider Holders
Harold Gardner (Owner of Gareste Limitada) (1) 2,088,482 3.8%
Eduardo Estefan Marco (Owner of Gareste Limitada) 1,653,600 3.0%
Andrew Brodkey (CEO & President) 2,023,000 3.7%
Other Members of Management Team 700,000 1.3%
Institutional Holders
Canaccord Financial 5,970,036 10.9%
POSCO 10,522,090 19.1%
Public Float 32,046,984 58.2%
TOTAL 55,003,592 100.0%
Warrants
Warrants Outstanding (Weighted Average Exercise Price of $0.30) 10,306,773
Options
Options Outstanding (Weighted Average Exercise Price of $0.33) 4,775,000
Notes:
(1) Gareste Limitada is Pan American Lithium’s Chilean Operation Company

20. In The News
• Pan American Lithium is Highlighted in NEWSMAX Analysis of Latin American Lithium - October 2011
• Pan American Lithium Corp. CEO Interviewed by CDTV - September 2011
• Pan American Lithium Corp. CEO Andrew Brodkey Interviewed by CEOCFO – July 2011
• Pan American Lithium Corp. Featured as Stock Pick by KonLin Investment Letter – April 2010
• Pan American Lithium Corp. CEO Andrew Brodkey Interviewed by CEOcast – April 2010
• Pan American Lithium CEO Featured in Wall Street Transcript Interview – March 2011
Please visit www.panamericanlithium.com to read these articles in full.

21. Investor Presentation – Spring 2012
U.S. Listing: (OTCQB:PALTF), (OTCBB:PALTF)
Canadian Listing: (TSXV:PL)
Please Contact:
Andrew Brodkey, CEO & President
Pan American Lithium Corp.
Tel: (520) 989-0031
Email: abrodkey@panamericanlithium.com
Corporate Website: (www.panamericanlithium.com)