Lithium Americas Provides Update on Proposed Merger With Western Lithium

TORONTO, Aug 5, 2015 - Lithium Americas Corp. (TSX:LAC) ("Lithium Americas") is pleased to announce that on July 30, 2015, it obtained an interim order from the Ontario Superior Court of Justice approving the mailing of meeting materials and the holding of a special meeting of Lithium Americas' shareholders to consider and approve the proposed plan of arrangement under which, among other things, Western Lithium USA Corp. ("Western Lithium") would acquire all of the outstanding common shares of Lithium Americas on the basis of 0.789 of a common share of Western Lithium for each outstanding common share of Lithium Americas. The meeting will be held on August 31, 2015 at Suite 6300, 1 First Canadian Place, Toronto, Ontario. The record date for the determination of shareholders entitled to receive notice of, and to vote at, the meeting is the close of business on July 30, 2015. The meeting materials, including the proxy circular and form of proxy have now been mailed and are available under Lithium Americas' SEDAR profile at www.sedar.com.


Cautionary Note Regarding Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, may be forward-looking information. Forward-looking information can be identified by the use of statements that include words such as "expect", "may", "will", "potential", "scheduled", "implement", "intend", "could", "might", "should", "believe" and similar words or expressions. Forward-looking information reflect current estimates, beliefs and assumptions, which are based on Lithium Americas' perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. Lithium Americas' estimates, beliefs and assumptions are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Lithium Americas can give no assurance that such estimates, beliefs and assumptions will prove to be correct. Forward-looking information in this press release includes, but is not limited to: information concerning the proposed business combination between Western Lithium and Lithium Americas; the business, operations and financial performance and condition of the combined company resulting from the proposed business combination between Western Lithium and Lithium Americas; potential benefits of the business combination and the development potential of the properties of Western Lithium and Lithium Americas; and the expected completion and implementation of the business combination.

Forward-looking information expresses, as at the date of this press release, plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results. All such forward-looking information is based on certain assumptions, estimates, expectations, analyses and opinions made by management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. Assumptions upon which such forward-looking information is based include, without limitation: that shareholders of Western Lithium and Lithium Americas will approve the business combination; that all required third party, regulatory and governmental approvals of the business combination will be obtained and all other conditions to completion of the business combination will be satisfied or waived; that the business combination between Western Lithium and Lithium Americas will be completed; that there will be no significant event occurring outside of the ordinary course of business of Western Lithium and Lithium Americas; and that there will be no material change in the legislative and regulatory environment. Readers are cautioned that the foregoing list of factors is not exhaustive. There can be no assurance that the business combination will occur or that the anticipated strategic benefits and operational, competitive and cost synergies will be realized. Lithium Americas does not intend, and does not assume any obligations, to update forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required by applicable securities laws.



Contact

Lithium Americas Corp.
John Kanellitsas, President and CEO
(208) 309-2728
john.kanellitsas@lithiumamericas.com
www.lithiumamericas.com