Lithium One Announces Change of Auditors
VANCOUVER, CANADA -- (Marketwire) -- 09/01/11 -- Lithium One Inc. (the 'Company') (TSX VENTURE: LI), announces that effective June 9th, 2011 it has changed its auditor from BDO Dunwoody LLP (the 'Former Auditor') to Ernst & Young LLP (the 'Successor Auditor'). The Company's Audit Committee and Board of Directors have approved the change in auditor.
There were no reservations in the former auditor's reports in connection with the two most recently completed fiscal years or for any period subsequent to the most recently completed period for which an audit report was issued. There were also no reportable events between the Company and the Former Auditor or the Successor Auditor including disagreements, unresolved issues or consultations as defined in National Instrument 51-102, Continuous Disclosure ('NI 51-102').
All procedures have been properly followed under NI 51-102 regarding the change of auditor and, as required, a Notice of Change of Auditor together with the required letters from the Former Auditor and the Successor Auditor will be filed via SEDAR with each securities commission in each province or territory in Canada in which the Company is a reporting issuer.
ON BEHALF OF THE BOARD OF DIRECTORS,
Paul Matysek, Chief Executive Officer
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:
Investor Inquiries:
Lithium One Inc.
Robert Orr
604-805-2126
ro@lithium1.com
Lithium One Inc.
1010-130 Adelaide Street West
Toronto, ON M5H 3P5 Canada
info@lithium1.com
www.lithium1.com