Li3 brings over 125 years of combined experience in exploration, mining, minerals, start-up, finance and business development to bear in managing the company. The complementing strengths and balance of its Management Team coupled with that of its contracted advisors and consultants will ensure that from start to finish, the attention to detail from exploration, governmental affairs and regulations, business development, marketing, strategic partnerships and off-take agreements will result in timely decisions and execution.

Luis F. Saenz, CEO, Director

Mr. Saenz currently serves as our CEO and has been in this capacity since he joined the Li3 in October 2009. He has also served as a director on our Board of Directors since October 19, 2009. Mr. Saenz has over 18 years of experience in the mining industry. He is currently, and has been since July 21, 2008, the CEO and President and a Director of the publicly traded Loreto Resources Corporation (LRTC.OB). Mr. Saenz was formerly employed at Standard Bank ("Standard") with Standard's investment banking unit, Standard Amer-icas, Inc. Mr. Saenz joined Standard in New York in 1997 and relocated to Peru in 1998 to establish Standard's Peru representative office. While in Peru, Mr. Saenz led Standard's mining and metals organization effort in the Latin America region. Mr. Saenz returned to New York in 2007 to head Standard's mining and metals team in the Americas. Mr. Saenz previously worked for Pechiney World Trade in the base metals trading area before joining Merrill Lynch as Vice-President for Commodities in Latin America. Mr. Saenz also serves on the Board of Directors of Coronet Metals, a Vancouver based and Toronto listed advanced stage golg and silver exploration and mining company. Mr. Saenz graduated from Franklin and Marshall College in 1991 with a Bachelor of Arts degree in economics and international affairs.

Thomas Currin, COO

Mr. Currin, Jr., has been our interim Chief Operating Officer since August 11, 2010. Mr. Currin is the founder and President, since 1993, of Limtech Technologies, Inc., a privately held company providing engi-neering services, lithium chemical products and recycling services to the lithium chemical industry. From June 2004 to June 2009, Mr. Currin served as Chairman of Limtech Carbonate, Inc., a privately held Canadian company which declared bank-ruptcy in June 2009 and was liquidated in August 2009. From 1981 to 1993, Mr. Cur-rin served in various capacities with FMC, Inc., a diversified chemicals, mining and machinery company, including as Division Planning Coordinator for FMC's Lithium Division. Prior to FMC, Mr. Currin was Production and Process Engineer from 1978 to 1981 of Reynolds Metals Company, an international mining and chemical compa-ny. Mr. Currin earned a Bachelor of Science degree in Chemical Engineering from North Carolina State University in 1978. Mr. Currin holds or has held memberships in the Combustible Metals Committee of the National Fire Protection Association, in the Metals Section Executive Committee of the National Safety Council and in the Ameri-can Institute of Chemical Engineers.

Eric Marin, CFO

Mr. Marin has been our interim Chief Financial Officer since January 13, 2010. Since March of 2009, Mr. Marin has been the interim chief financial officer of Loreto Resources Corporation. Mr. Marin has worked in the Management and Information Technology Consulting business for almost 20 years. Mr. Marin is the President and CEO of Marin Management Ser-vices, a privately-held consultancy firm offering management, financial, and infor-mation technology consulting services to companies. From April 2006 to April 2009, Mr. Marin was a vice president of Quorum Business Solutions where he was respon-sible for building and managing client relations and overseeing operational budget, strategic planning, business development and organizational leadership services for various Fortune 500 companies. Prior to that, from December 2003 through March 2006, Mr. Marin was the president and founder of Marin Medical Services LLC, a company providing front and back-office services to the healthcare industry. From April 1996 to November 2003, Mr. Marin was a partner with Accenture Ltd. where Mr. Marin was responsible for providing management and IT consulting services to For-tune 100 companies. From February 1994 to April 1996, Mr. Marin was project man-ager of Insource Management Group, where he managed IT consulting services for a number of companies. Mr. Marin received a Masters of Business Administration de-gree from the University of Houston in 1992, and a Bachelor of Science degree in Computer Science from Texas A&M University in 1986.

Luis Santillana, VP, Finance

Mr. Santillana joined Li3 as Vice President of Finance in March 2012. As Vice President of Finance, Mr. Santillana strengthens the existing Li3 management team and brings additional domain expertise, having over 10 years experience in the mining industry, specifically in finance, fund raising, debt facilities, deal negotiation and execution, strategic and financial planning, financial valuations to support decision making, treasury management, and improvement of management reporting. Prior to joining Li3, Mr. Santillana held the position of Strategic Planning Manager, for ENRC plc, a $7 billion revenue, diversified mining company listed on the London Stock Exchange (FTSE 100). Based in London, he was involved in strategic and financial planning and management reporting for ENRC. From September 2008 to June 2010, Mr Santillana was responsible for the financial planning and treasury functions at London Mining plc, an iron-ore mining company listed on the London Stock Exchange (AIM). Prior to joining London Mining plc, Mr Santillana worked for Hochschild Mining plc, a Peruvian gold and silver producer, where he was part of the core management team that led Hochschild Mining's successful IPO and listing on the London Stock Exchange (FTSE 250). Mr Santillana holds an MBA from IESE Business School (Spain) and a Bachelor's Degree in Industrial Engineering from Universidad de Lima (Peru).