Lithium One, is pleased to announce that it has closed a non-brokered private placement of 9,318,810 common shares at a price of C$1.05 per Common Share for gross proceeds of C$9,784,750. In addition, the Company paid finder's fees of 227,429 Common Shares to parties that referred subscribers to the Company. With the closing of the Private Placement, the Company has 70,334,243 Common Shares outstanding.