Lithium Consolidated Ltd. announced that the Board has terminated the employment of Mr. Shanthar Pathmanathan as Chief Executive Officer and Managing Director. The Board will immediately commence the search for a new Chief Executive Officer to take over from Mr. Pathmanathan in order to ensure that the transition is as seamless as possible. In addition, the Directors have appointed Mr. Andrew Haythorpe as a non-executive director.

Andrew Haythorpe has 30 years' experience in geology, funds management and has been a Director and Chairman of a number of TSX and ASX listed companies. More recently he was the Managing Director of Crescent Gold and led that company from a junior explorer to a mid-tier producer within 4 years. He was also Managing Director of Michelago Resources, which became one of the top performing ASX listed companies on its transition to gold production in China.