Rodinia Lithium Inc. Closes CDN$5 Million Equity Financing

TORONTO, ONTARIO -- (Marketwire) -- 09/10/10 -- Rodinia Lithium Inc. (TSX VENTURE: RM)(OTCQX: RDNAF) ('Rodinia' or the 'Company') is pleased to announce that it has closed its previously announced fully marketed offering, sold by a syndicate of agents led by Canaccord Genuity Corp., and including Byron Securities Ltd., Cormark Securities Inc. and Macquarie Capital Markets Canada Ltd. (collectively, the 'Agents'). The financing consisted of 16,875,332 units of the Company (the 'Units') sold at $0.30 per Unit for gross proceeds of $5,062,599, including the partial exercise of the Agents' over-allotment option for 175,332 Units. Each Unit is comprised of one common share of the Company (each, a 'Common Share') and one-half of one common share purchase warrant (each whole warrant, a 'Warrant'). Each Warrant is exercisable for one Common Share at a price of $0.40 any time up until 5:00pm (Toronto time) on September 10, 2012.

The net proceeds raised under the offering will be used for the advancement of the Company's Salar de Diablillos lithium brine projects, for property payments on the Salar de Diablillos, the Salar de Salinas Grandes and the Salar de Ratones properties located in Argentina, and for general working capital purposes.

In consideration for their services, the Agents received a cash commission equal to $354,380 and 1,181,273 broker warrants that will entitle them to acquire an equal number of Common Shares at a price of $0.30 per share on or before September 10, 2012.

This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Common Shares or Warrants in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Rodinia Lithium Inc.:

Rodinia Lithium Inc. is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. The Company is positioned to capitalize on the expected increase in demand for lithium carbonate that is projected to result from the anticipated paradigm shift to mass adoption and use of key lithium applications like lithium-ion batteries as well as glass ceramics, greases, pharmaceuticals etc.

Rodinia is currently exploring its Clayton Valley project in Nevada, USA, which surrounds the only lithium brine producer in North America, and its Diablillos project in Salta, Argentina.

Please visit the Company's web site at www.rodinialithium.com or write us at info@rodinialithium.com. Follow us on Twitter: http://twitter.com/RodiniaLithium

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

Forward Looking Information

This document may contain or refer to forward looking information within the meaning of applicable securities laws, based on current expectations, including, but not limited to, mineralization projections, future exploration priorities, estimates and costs, projected capital and operating expenditures, future exploration plans and techniques, estimates regarding the timing and costs of exploration, mineral prices and future exploration plans. Forward looking statements are subject to significant risks and uncertainties, including those risks identified by the Company in the annual information form of the Company, which is available under the SEDAR profile of the Company on SEDAR, and other factors that could cause actual results to differ materially from expected results. Estimates and assumptions are based on extensive technical and scientific analysis conducted by the management of the Company, the results of drill program and other exploration, the analysis of external consultants and information obtained by the Company from third parties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contacts:

Rodinia Lithium Inc.

Aaron Wolfe

Vice President, Corporate Development

+1 (416) 309-2696