Pan American Lithium Corp. Announces Amendment of Share Option Agreement and Extension of Closing Date

TUCSON, Ariz., Nov. 1, 2011 (GLOBE NEWSWIRE) -- Pan American Lithium Corp. (TSX-V:PL) (OTCBB:PALTF) (OTCQB:PALTF) announces that it has entered into a letter agreement dated October 31, 2011, with Escondidas Internacional S.A. de C.V., a privately held Mexican corporation (" Escondidas "), and the shareholders of Escondidas (the " Shareholders "), whereby the parties have agreed to further extend the closing date set out in the Share Option Agreement dated December 18, 2009 (the " Option Agreement "), as ...continued PALTF PL:CA

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