Lithium Americas Corp. Files Final Prospectus for Initial Public Offering

TORONTO, ONTARIO--(Marketwire - May 10, 2010) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES

Lithium Americas Corp. (the "Company") announces that it has filed a final prospectus dated May 6, 2010 with the securities regulatory authorities in each of the provinces of Canada, other than Québec, in connection with an initial public offering (the "Offering") of its common shares (the "Common Shares").

Pursuant to the Offering, the Company will issue 24,324,400 Common Shares at an issue price of $1.85 per Common Share (the "Issue Price") for gross proceeds to the Company of $45,000,140. The Company has also granted the Underwriters (as defined below) an over-allotment option, exercisable for 30 days from the closing date, to purchase up to an additional 2,702,700 Common Shares at the Issue Price to cover over-allotments, if any, and for market stabilization purposes. Closing is scheduled for May 13, 2010. The Toronto Stock Exchange (the "Exchange") has conditionally approved the listing of the Common Shares of the Company, subject to the Company satisfying the customary listing requirements of the Exchange.

The net proceeds of the Offering will be used towards the Company's Cauchari-Olaroz lithium and potassium properties located in Jujuy Province, Argentina and for general working capital purposes.

The syndicate of underwriters for the Offering is being co-led by GMP Securities L.P., Dundee Securities Corporation and Macquarie Capital Markets Canada Ltd., and includes Canaccord Financial Ltd., and Byron Securities Limited (collectively, the "Underwriters"). PowerOne Capital Markets Limited was also retained to provide capital markets advice to the Company.

A copy of the Company's final prospectus is available under the Company's profile on the SEDAR website at www.sedar.com.

About the Company

Lithium Americas Corp. is an exploration company focused on the exploration of lithium, potassium, borax and other minerals in South America. The Company currently has rights over approximately 119,227 ha in five salt lakes in the Jujuy and Salta Provinces of Argentina. The Company's principal and most advanced property comprises a significant portion of two adjacent salt lakes, Cauchari and Olaroz, covering 36,974 hectares located in Jujuy, Argentina. The Company believes the Cauchari-Olaroz project has the potential of becoming a world class lithium deposit in both size and quality.

This press release contains forward-looking statements, which can be identified by the use of statements that include words such as "could", "potential", "believe", "expect", "anticipate", "intend", "plan", "likely", "will" or other similar words or phrases. The Company does not intend, and does not assume any obligations, to update forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation of sale would be unlawful. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom. Any public offering of the securities in the United States may only be made by means of a prospectus containing detailed information about the Company and its management as well as financial statements.

For more information, please contact
Lithium Americas Corp.
Mike Cosic
VP Corporate Development
416-360-1921
www.lithiumamericas.com

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