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Talison Lithium Concludes First Sales Contracts for 2012 With 15％ Price Increase



PERTH, WESTERN AUSTRALIA--（Marketwire - Dec. 5, 2011） - Talison Lithium Limited （"Talison" or the "Company"） （TSX:TLH） today announced that it has achieved 15％ price increases for the first contracts concluded for calendar 2012 sales. The Company also provided an update on its Greenbushes Lithium Operations and proposed lithium minerals conversion plant.

Price Increases

Talison is currently engaging in discussions with its customers with regards to prices for calendar 2012 sales. A number of contracts have been concluded and price increases of 15％ have been achieved for sales to customers in China, Europe, US and Japan across a range of lithium concentrate products.

The price increases reflect current lithium market dynamics and are consistent with Talison"s previously stated ive of pursuing prices that enable existing producers to justify the capital expenditure necessary to maintain a secure and growing supply of lithium in the future. Talison is optimistic it will achieve similar price increases in the remaining sales contracts it is negotiating for calendar 2012.