Pan American Lithium Corp. (OTCBB: PALTF; Twitter: $PALTF) is well positioned to capture the next wave in mineral exploration, lithium. Pan American Lithium is the owner of interests in nine salars with the potential to produce lithium and other metals from surface lakes and subsurfaces brines, all located in the mineral-rich Atacama Region III of Chile.

1. Pan American Lithium Corp.
OTCBB: PALTF
Toronto TSX-V: PL
Corporate Presentation – Spring-Summer 2011
Copyright 2011, Pan American Lithium Corp. All rights reserved.

2. “Safe Harbor”
This presentation contains forward-looking statements regarding the company. Generally, forward-looking statements can be identified by the use
of forward-looking language such as “plans”, “expects”, “budgets”, “schedules”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, or
variations of such words and phrases, and statements that certain actions, events or results “may” or “could” occur. Forward-looking statements are
based on the opinions and estimates of the company as of the date of this presentation. Forward-looking statements include, but are not limited to,
statements with respect to: (1) the exploration advancement of the company’s properties from exploration through feasibility to eventual production;
(2) operating costs that are expected to be competitive with other brines projects; (3) being able to acquire and utilize newer commercial proven
technologies that may enhance lithium recoveries; (4) potential for deeper underground brines to be tested by drilling; (5) the company’s market and
production strategy; (6) the company’s operational plan; and (7) the Mexican geothermal plant being quick to market against other new lithium
related projects.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, levels of
activity, performance or achievements of the company to be materially different from those expressed or implied by such forward-looking
statements, including, but not limited to, risks related to: (1) a downturn in general economic conditions; (2) a decreased demand or price of lithium
and other minerals; (3) unexpected events or delays in the acquisition, exploration and advancement of the company’s projects; (4) the uncertainty
of government regulation and politics in North America and Chile regarding mining and mineral exploration; (5) potential negative financial impact
from regulatory investigations, claims, lawsuits and other legal proceedings and challenges; (6) the inability to obtain the necessary permits and
approvals for the further development of the company’s projects, including environmental agencies; (7) inability of the company to raise financing
necessary to develop projects and continue operations; and (8) other factors beyond our control. Additional information about these and other
assumptions, risks and uncertainties are set out in the “Risks and Uncertainties” section in the company’s management, discussion and analysis
filed with Canadian security regulators. at www.sedar.com.
Although the company has attempted to identify important factors that could cause actual results to differ materially from those contained in the
forward-looking statements in this presentation, there may be other factors that cause results not to be as anticipated, estimated or intended. There
can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, you should not place undue reliance on forward-looking statements contained in this presentation. The
company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law.
This presentation is for investment professionals only and is not intended for investors who are not sophisticated with respect to exploration stage
mining investments. The information contained herein is confidential and is property of Pan American Lithium Corp. You may use this information
for your own personal reference only. You may reproduce this information in hard copy solely for your personal use. The information may not be
otherwise be reproduced and must not be distributed or transmitted to any other person or incorporated in anyway into another document or other
material without the express written consent of Pan American Lithium Corp.
Cautionary Note to U.S. Investors Concerning Estimates of Inferred Resources
The information presented in this Presentation uses the term “inferred mineral resources.” United States investors are advised that while such term
is recognized under Canadian securities regulations, the United States Securities and Exchange Commission does not recognize this term. The
term “inferred mineral resources” has a great amount of uncertainty as to its existence and as to its economic and legal feasibility. It cannot be
assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred
mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or
any part of an inferred mineral resource exists or is economically or legally mineable.

3. Investment Highlights
 Management & technical team with specialized country and mining industry expertise
 Opportunity to participate in rapid advancement of Chilean salar(1) properties
 Rights in 11 salars in Region III, Chile (containing Li and other metals)
 All projects are brine salars – typically brine salars are lowest quartile of global operating costs
 First Project (Laguna Verde) goal to extract Lithium (Li) and other light metals initially from brine
lake and then from deeper brines
 Inferred resource estimate at average Li grade of 212.40 mg/litre computed to be 512,960 metric tons of
lithium carbonate equivalent (2) (current average market price ~ $5,200/metric ton; Source: "The Lithium
Site," http://www.lithiumsite.com/Lithium_Market.html, July 8, 2010)
 Inferred resource estimate at average potassium (K) grade of 4,881mg/litre computed to be 4,223,134 metric
tons of potassium chloride equivalent (2) (potash market price ~ $367/metric ton; Source: as per Reuters
quote regarding potash pricing of KTS, a German salt miner and the world's 4th largest potash supplier, July
11, 2010)
 Surface brine lake – many physical advantages, management anticipates rapid exploration advancement to
preliminary assessment/pre-feasibility, and potential to be in production before most of our competitors
 Separate opportunity: option to extract minerals from evaporated brine runoff at world’s second
largest geothermal electric plant (in Mexico)
(1) Salar:
brine lakes and dry lake beds
(2) For more information, see NI-43-101 Technical Report filed with SEDAR on July 14, 2010
3

4. Proven Leadership Team
Andrew Brodkey, CEO, President and Director
 Over 25 years as a mining engineer, lawyer and senior executive at major mining companies with
emphasis on Latin America
Dr. David Hackman, Vice President, Exploration
 Geologist and a registered professional engineer with over 35 years international experience
specializing in the evaluation of leachable metal deposits in the Americas
John Hedges, Director of Project Development
 38 years experience in the mining industry as a geologist and mineral economist
Dr. David Terry, Independent Director and member of Technical Advisory Committee
 Ph.D. geologist and holds P. Geo license with over 20 years of experience in the resource sector
focused on exploration for a wide spectrum of mineral deposits throughout North and South
America. Dr. Terry is a Qualified Person under NI 43-101
Dr. Ronald Richman, Independent Director and member of Technical Advisory Committee
 Ph.D. chemist with over 30 years as senior executive with IBM where he managed a global
business unit
Dr. Tim Lowenstein, member of Technical Advisory Committee
 Ph.D. geologist and geochemist, Professor in Department of Geological Sciences and
Environmental Studies at Binghamton University in New York, over 25 years of experience in
sedimentology and low temperature geochemistry applied to chemical sediments, specifically
including brine geochemistry at salars in Chile 4

5. Market Overview
 S. American salars (Chile, Bolivia, Argentina) provide ~75% of global Li
supply
 Lithium evaporation and recovery projects = low operating and capital
costs; technologically proven; ease of design/construction
 Deep salar brines may contain volumes of light metals that are orders of
magnitude greater and with a higher Li content than shallow lakes
 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
~85,000 tonnes (2007), to ~92,000 tonnes (2008), rising to ~110,000
tonnes (2009) – predicted to increase further (some project > 200,000
metric tons by 2015 – 2020)
5

6. Chilean Salar Overview – 11 Sites
11
10
PAN AMERICAN
PROJECT LOCATIONS
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 6

7. Laguna Verde Overview
Laguna Verde Project
Atacama Region III, Chile — deep Surface Brine Lake on 3,400 hac. of
mineral concessions
 390 km from Copiapo (regional capital) on serviceable roads at 4,230 m elevation
 Surface Lake Inferred resource estimate at average lithium grade of 212.40
mg/liter computed to be 512,960 metric tons of lithium carbonate equivalent (NI-
43-101 compliant)
 Surface Lake Inferred resource estimate at average potassium grade of 4,881
mg/liter computed to be 4,223,134 metric tons of potassium chloride equivalent
(NI-43-101 compliant)
 High potential for significant tonnage of deeper brines, with higher Li content,
below lake and in surrounding geothermal basin pending exploration drilling 7

8. Laguna Verde Competitive Advantage
 Resource estimate for surface lake established without exhaustive
exploration and drilling
 100% of project owned outright (subject to small royalties)
 No 3rd parties with adjacent concessions/potential conflicts
 Project water rights applied for – any objections expected to be resolved
 Year-round road access
 Low transport costs to ports on west coast of Chile
 Lithium grade at Laguna Verde surface lake is 212.4 mg/liter (minimum)
 Operating costs expected to be competitive with other Li brines projects
 Rapid advancement of surface lake project to scoping/pre-feasibility (bids
now under review), followed by permitting, engineering and full feasibility –
3 to 4 years to commencement of production anticipated
 Ability to acquire and utilize newer commercial, proven technologies which
provide substantially enhanced Li recoveries
 Strong potential for additional brine resources in basin surrounding lake
8

9. Additional Chilean Salar Opportunities
 Laguna Brava Project – Region III, Chile – shallow Brine surface Lake; 4,400 hac.:
 Inferred resource estimate in lake at average lithium grade of 313 mg/litre
computed to be 13,580 metric tons of lithium carbonate equivalent
 Inferred resource estimate at average potassium grade of 3,356 mg/litre
computed to be 46,623 metric tons of potassium chloride equivalent
 Strong potential for deeper, underground brines to be tested by drilling
 Salar de Pedernales/Rio de la Sal:
• Mineral concession position of 5,100 hac. on second largest salar in Chile
• Sampling from trenching showed Li >1000 ppm and Potash over 8700 ppm
 Additional Brine Projects with Lithium Potential (all in Region III):
 Salar de Maricunga: 1,220 hac. on third largest salar in Chile
 Llanta Project: 3,000 hac. in accessible basin with strong infrastructure
 Lagunas Jilgueros: small lake with deep brines unexplored
 La Laguna: small lake with deep brines undrilled
 Salar de Piedra Parada: 2,100 hac. of uplifted sediments containing Li and base
and precious metals; unexplored
 Salar de Wheelwright: 1,200 hac. north of Laguna Verde; undrilled
 Laguna Escondida: small unexplored salar near Piedra Parada
 Salar Ignorado: small unexplored salar in far NE corner of Region III 9

10. Chile Geopolitical Advantages
 Low political/regulatory and permitting risk for mining projects
 Significantly Lower Political Risk vs. other South American countries
 Chile: World's No. 1 copper producer with center-right government of Sebastian Piñera
with pro-business credentials
 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 after he threatened to nationalize the
country's gold industry accusing "capitalist mafias" in the industry of destroying
environment & exploiting workers
 Mining represents 23.5% of GDP in Chile(1)
 Over 150 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
(1) Source: Chilean Mining Council presentation, March 2008
10

11. Market and Production Strategy
 Laguna Verde enters production from surface lake waters roughly 3-4
years from commencement of exploration
 Enter market at modest production rate (target: 10,000 to 15,000 metric
tons/yr. of lithium carbonate)
 Seek status as secure supplier under long-term contracts
 So production from all salars can be ramped up at market pricing
 Create relationship with one or more large international counterparty
(battery, or car electronics manufacturer, or multinational trading house):
 Counterparty to provide equity funding and/or project financing to build
facilities in return for provision of Lithium off-take rights or marketing
arrangement
 Potential for counterparty to underwrite costs of exploration, scoping, pre-
feasibility and full feasibility studies in order to earn project equity
11

12. Pan Am Lithium Competitive Advantages
 100% of all 11 projects owned outright – subject only to capped NSR
royalties and 1% Chilean nominee in holding company
 At most salars there are no adjacent or adjoining claim holders
 Year-round road access to all projects
 Senior water rights status applied for at key projects
 Lithium grade at Laguna Verde = 212.4 mg/liter yielding inferred
resource estimate of 512,960 metric tons lithium carbonate
equivalent(1) as per NI 43-101 compliant Technical Report
 No required drilling /no hydrology determination necessary at Laguna
Verde surface lake
 Potential to expand resource at Laguna Verde through exploration
 Pan American Lithium now commencing scoping, pre-feasibility and
process design at Laguna Verde
 Exploration commencing at several other key salars to develop initial
resources numbers and expand resource base
(1) See NI-43-101 Technical Report filed on SEDAR on June 14, 2010, for more information
12

13. Initial Operational Plan – Chile
Laguna Verde - Year 1
 Sampling and volumetric calculations of contained light metals in surface lake waters (completed)
 Inferred resource estimate (completed April 2010)
 Filed backup technical reports that support the inferred resources estimate (completed June 2010)
 Tenders for brine chemistry process design, scoping study (completed December 2010)
 Select and engage consulting/engineering firm for scoping study (by June 2011)
 Commence scoping study (3-4 months)
 Select and engage consulting/engineering firm for surface lake pre-feasibility study
Laguna Verde - Year 2
 Complete surface lake pre-feasibility study (9-10 months)
 Tenders for feasibility study for surface water exploitation facilities - target 10,000- 15,000 tpy of Li2CO3
 Start preliminary design/engineering of facilities to recover light metals from surface waters
 Commence permitting of facilities for production from surface lake
 Update surface lake resource calculation through sampling and additional analysis to indicated or measured
resource category, and begin exploration program for deeper brines
Laguna Verde - Years 3 & 4
 Undertake and complete construction of surface water facility(1) and commence commercial production
 Continue exploration program for deeper brines
 Scoping, pre-feasibility, feasibility and conceptual engineering based on the deeper resource base
 Commence permitting and construction process for full scale deep brine operation
 Design, construct, and commission deep brine recovery plant
 Commence operations from deeper brines
Llanta, Laguna Brava and Rio de la Sal/Pedernales
 Exploration programs planned followed by a similar strategy as above as locations are prioritized
(1) Subject to completion of satisfactory feasibility study and contingent on adequate financing 13

14. Mexico Geothermal Lithium Project
 Opportunity to commercially exploit mineral-rich brines a residual by-
product from world’s second largest geothermal power plant
 Project ROI/IRR enhanced due to substantial existing infrastructure:
geothermal plant, well fields, evaporation ponds and related facilities
 Quick to market measured against other new lithium related projects since
much of the recovery facilities already exist
 No exploration/drilling risk; straightforward permitting process;
competitive operating costs expected
14

15. Mineral Geothermal Brine Recovery
 Plant powered by steam brines drawn from 170
geothermal wells tapping solutions that were
volcano feeder system. Avg. static brine flow is
5.7 M Gal/day
 Fresh brines funnel through 6 square miles of
existing sequential evaporation ponds designed
to concentrate metals values to some 11.7X
original salt content
 On average, 40% steam channelled to
generating plants and 60% brine by-product sent
to evaporation ponds
 Existing evaporation ponds separate minerals
sequentially
 Baja California 30 km South of Mexicali, 40 km
South of US border
15

16. Mexico Geothermal Highlights
 Brines expected to contain economic
quantities of Lithium and potassium
 Brines delivered at minimal cost and can be
exploited for rich mineral content
 Potential for commercial-scale industrial
mineral brine recovery
16

17. Mexico Geothermal Project Update
 On December 18, 2009, Pan American Lithium Corp. acquired an option,
from Escondidas Internacional S.A. de C.V., a privately-held Mexican
corporation, to acquire indirect interest in the Cerro Prieto geothermal
brine project in Baja California Norte, Mexico.
 The option is to acquire 76% of the issued and outstanding shares of
Escondidas.
 The parties have amended the original option agreement four times. The
effect of the amendments was to extend the closing date to October 31,
2011, and reduce the consideration payable by the Company under the
Agreement as follows:
 5 million shares and 5 million warrants to be issued at closing (one-
half of original amounts)
 Payments due post-closing are measured from date of
commencement of commercial production, instead of date of closing
 Monthly payments due to Escondidas are reduced from $25,000 to
$1,000
17

18. Use of Proceeds – 2 Year Program – $20 Million
Target Capital Raise
• Laguna Verde/Chile
– Scoping and Pre-Feasibility Studies (Years 1-2) $2.0 million
– Lake and deeper Resource Exploration (Years 1-2) $3.0 million
– Surface Lake Full Feasibility Study (Year 2) $8.0 million
(includes permitting and prelim. engineering)
– Exploration programs for add. Salars (Year 2) $2.0 million
• Cierro Prieto — Scoping/Pre-Feasibility (Year 1-2) $2.0 million
• Corporate Overhead/G&A
– $100K/mo. for 2 years $2.4 million
TOTAL = $19.4 Million
NOTE: the acquisition of a strategic partner could offset some of these amounts
and allow Pan Am to advance/accelerate other projects in the portfolio
18

19. Laguna Verde – Projected Capex and Timeline
(10,000 tpy Li Carbonate Facility)
Yr. 1
• Scoping Study/process selection 3-4 months $300K
• Pre-Feasibility Study/upgrade estimate 9-10 months $1.7 million
• Additional exploration (lake and basin) 12 months $2 million
Yr. 2
• Full Feasibility Study (FS)/reserve estimate 9-10 months $6-7 million
• Permitting 12 months $1 million
• Preliminary Engineering (after FS) 3-4 months $1-2 million
• Exploration of Subsurface Brines 12 months $3.0 million
Yr. 3
• Construction of Li/K facility (lake only) 1 full year $150-200 MM (2)
Yr. 4
• Working capital/commence production from lake $10 million
• Additional deep brine exploration $5 million
• Scoping/pre-feasibility studies—deep brines $5 million
TOTAL = $237 million
(1) Project-only capital; does not include corporate overhead or G&A
(2) Estimated that up to 80% of capital requirements can be project-financed
19

20. Comparative Status of New Li Projects
COMPANY AND COUNTRY NI 43-101 SCOPING &
PROJECT NAME RESOURCE (Li PRE-FEAS. OFFTAKE NEXT STEPS
carbonate) STUDIES PARTNERS
Li Americas – Salar Argentina 4.9 MM tonnes no Mitsubishi Hydrological studies, pump
de Olaroz Magna tests, brine extractability
Lithium One – Sal Argentina 5.4 MM tonnes no KORES Brine sampling, drilling,
de Vida pump tests, evap. tests
Salares Li/Talison – no no none Geophysics, road building,
Salar de Isla Chile exploration
American Li – USA no no JOGMEC Exploration—hard rock
Clayton Valley project only
Simbol Mining— USA no no Itochu Brine chemistry design
Salton Sea
Sentient – Salar de Argentina 7.4 MM tonnes unknown none Pilot plant commissioning
Rincon
Canada Li – Canada 1.9 MM tonnes Yes – March Mitsui Infill drilling, feasibility
Quebec 2010 (marketing) study
Western Li – Kings USA 880,000 tonnes Yes – Jan. none Infill drilling, pilot plant
Valley (Nevada) 2010 construction and testing
Pan American Li – Chile 512,000 tonnes Ready to ? Brine chemistry design,
Laguna Verde commence scoping and pre-feasibility

21. COMPANY PARTNER TOTAL $ MINIMUM PROJECT OFFTAKE PROJECT FINANCING ESTIMATED
AND ENTITIES COMMITTED OR COMPANY EQUITY RIGHTS COMMITMENT VALUATION
PROJECT INVESTED EQUITY POSITION OF PROJECT
POSITION OBTAINED
Lithium Mitsubishi $3 MM 4% n/a 12.5% of Proportional to $56-75 million
Americas production offtake percentage based on initial
(Salar de Magna Int’l $5.56 MM 9.9% 25% of investments
Cauchari) production
Lithium One KORES $15MM for n/a 30% 50% of Li plus Full (100%) project $50 million
(Sal de Vida) feasibility study, marketing rights completion (Lithium only)
etc. guarantees
American JOGMEC $4MM (hardrock n/a 40% unknown unknown unknown
Lithium project)
Orocobre Toyota Tsusho $4.5MM plus 25% n/a 25% To be JOGMEC—60% NPV to be
Ltd. (Salar de JOGMEC of NPV of project negotiated completion guarantee determined
Olaroz)
Canada none $110 million n/a n/a n/a $110 million $270 million
Lithium project financing per feasibility
raised (banks) study
Simbol Itochu unknown n/a 20% Assumed at 20% Assumed at 20% unknown
Mining
Salares Li (7 Talison merger as of n/a n/a n/a n/a $85 million
Chilean Minerals 15July2010 company
salars) valuation
Errazuriz KORES and $190 million none 30% unknown $190 million $633 million
Group Samsung
(NXOne)
Pan Under n/a flexible flexible flexible flexible
American consideration
Lithium

22. Capital Structure / Share Price
Shares outstanding (as of 4/29/11) 38,100,943
Options and Warrants (1) 14,828,740
52-Week High/Low $0.80 – 0.14
Recent Price (as of 4/29/11) $0.18
Recent Market Cap $6.9 million
(1)
3,150,000 options (average strike price of $.38) and 11,678,740 warrants (average strike price
of $.30) outstanding
22

23. Investment Highlights
 Management & technical team with specialized country and mining industry expertise
 Opportunity to participate in rapid advancement of Chilean salar(1) properties
 Rights in 9 salars in Region III, Chile (containing Li and other metals)
 All projects are brine salars – typically brine salars are lowest quartile of global operating costs
 Project 1 (Laguna Verde) goal to extract Lithium (Li) and other light metals initially from brine lake
and then from deeper brines
 Inferred resource estimate at average Li grade of 212.40 mg/litre computed to be 512,960 metric tons of
lithium carbonate equivalent (2) (current average market price ~ $5,200/metric ton; Source: "The Lithium
Site," http://www.lithiumsite.com/Lithium_Market.html, July 8, 2010)
 Inferred resource estimate at average potassium (K) grade of 4,881mg/litre computed to be 4,223,134
metric tons of potassium chloride equivalent (2) (potash market price ~ $367/metric ton; Source: as per
Reuters quote regarding potash pricing of KTS, a German salt miner and the world's 4th largest potash
supplier, July 11, 2010)
 Surface brine lake – many physical advantages, management anticipates rapid exploration advancement to
preliminary assessment / pre-feasibility, and potential to be in production before most of our competitors
 Separate opportunity: option to extract minerals from evaporated brine runoff at world’s second
largest geothermal electric plant (in Mexico)
(1) Salar: brine lakes and dry lake beds
(2) For more information, see NI-43-101 Technical Report filed with SEDAR on July 14, 2010
23

24. Appendix A: Company Snapshot
Stock Exchange/Ticker: Pink Sheets: PALTF; TSX-V: PL
Recent Price (4/29/11): $0.18
Weighted Avg. Shares Outstanding: (11/1/10) 38,100,943
Market Cap: $6,858,169
2009-10 Revenue: $0
Canadian GAAP 2009-10 12 Mo. Net Income (Loss) (1) : ($1,388,366)
Canadian GAAP 12 Mo. Basic/Diluted Net Income (Loss) Per Share(1) : ($0.10)
US GAAP 2009-10 12 Mo. Net Income (Loss) (1) : ($5,238,543)
US GAAP 12 Mo. Basic/Diluted Net Income (Loss) Per Share(1) : ($0.39)
Long-term Debt (2/28/10): $0
Canadian GAAP Shareholder’s Equity (2/28/10) (1) : $5,649,890
Fiscal Year End: February 28
Inside Ownership: 11%
(1) Canadian Dollars 24

25. OTCBB: PALTF
Toronto TSX-V: PL
Contact Information:
Jeff Ramson
ProActive Capital Resources Group
Tel: (212) 623-3090
Email: www.proactivenewsroom.com
www.PanAmericanLithium.com
Copyright 2011, Pan American Lithium Corp. All rights reserved.