ETF Eastfield Resources Ltd

Lithium Americas Corp. (TSX:LAC) ("Lithium Americas" or the "Company") today
reported its financial and operating results for the three and nine month
periods ended November 30, 2010. All amounts are expressed in Canadian dollars,
unless otherwise indicated.


To November 30, 2010 a total of $27.3 million has been invested in property
rights and exploration on the Company's principal and most advanced lithium
potash property in Argentina (the "Cauchari-Olaroz Properties"). During the
three and nine months ended November 30, 2010 the Company incurred $5.1 million
and $17.4 million, respectively, to complete exploration and commence
engineering activities necessary to advance the project to feasibility. For the
three and nine months ended November 30, 2010 the Company reported losses of
$1.4 million and $4.5 million, respectively. As at November 30, 2010 the Company
had $30.7 million in cash and cash equivalents and positive working capital of
$28.5 million.


"In 2010 Lithium Americas outlined a number of significant milestones crucial to
the development of the Cauchari-Olaroz Properties, and we have achieved each one
on time and on budget," stated Dr. Waldo Perez, President and CEO of Lithium
Americas. "Most recently, we filed our 43-101 technical report, which identifies
the Cauchari-Olaroz Properties as the 3rd largest known lithium brine resource
in the world, with brine chemistry that compares very favourably to current
producing mines. We have produced lithium carbonate at laboratory scale,
completed a two-well production drilling program, and have constructed and
filled large scale evaporation ponds designed to produce lithium at pilot scale
on site. Our Preliminary Economic Assessment remains on schedule to be released
in Q1 2011 and we continue to target mine construction in 2012. Given our
successful progress to date, we feel confident that Lithium Americas'
Cauchari-Olaroz Properties is one of the most advanced lithium brine projects in
the world."


Operational highlights during the periods ended November 30, 2010 include:



--  Completion of a NI 43-101 compliant resource estimate identifying that
    Lithium Americas' resource increased by more than 60 percent from the
    previous estimate and the average lithium grades increased by up to 13
    percent. The in situ lithium carbonate and potash resource equivalents
    were estimated at 8 million tonnes (5.3 million tonnes measured and
    indicated) and 25 million tonnes (17.2 million tonnes measured and
    indicated), respectively. 

--  Completion of a two-well production drilling program, allowing the
    Company to test pumping rates in the aquifers. Testing has commenced and
    will continue over the next several months. 

--  Completion and filling of a large scale pilot evaporation pond (45
    meters x 14 meters). The pond is designed to produce concentrated brine
    for the production of lithium carbonate at pilot scale, further allowing
    the Company to define the path to commercial production. 

--  Completion of excavation of a larger pilot evaporation pond (100 meters
    x 100 meters) and commencement of pond liner installation. Pictures of
    this large scale pond and liner installation can be viewed at
    www.lithiumamericas.com. Construction of additional ponds will commence
    during the first quarter of 2011. These ponds will also be filled with
    brine extracted from the production wells and will be used to refine the
    overall evaporation process. 

--  Appointment of Mr. Ian Fodie as the Company's Chief Financial Officer.
    Mr Fodie, a New Zealand qualified Chartered Accountant, brings over 25
    years of international and operational experience, in addition to
    significant capital markets experience, to the Lithium Americas team. 

--  Inclusion in the Global X Lithium Exchange Traded Fund ("ETF"). The ETF
    tracks the Solactive Global Lithium Index and is designed to reflect the
    performance of the largest and most liquid listed companies that are
    active in the exploration and / or mining of lithium or the production
    of lithium batteries. 



The Company's unaudited condensed consolidated interim financial statements, and
management discussion and analysis have been filed and are available in the
SEDAR database at www.sedar.com or on the Company's website
www.lithiumamericas.com.


About the Company

Lithium Americas Corp. is one of the largest, most advanced, lithium brine
development projects in the world. The Company's principal and most advanced
property comprises a significant portion of two adjacent Argentinean salt lakes
(salars), Cauchari and Olaroz, covering 64,572 hectares located in the Puna
Plateau. The Puna Plateau is the most prolific brine reserve region globally,
hosting greater than 80 percent of the world's lithium brine reserves. To the
best knowledge of Lithium Americas, its principal property is the 3rd largest
known lithium brine resource in the world. Mitsubishi Corporation and Magna
International are shareholders in the Company, in addition to both companies
having off-take arrangements with Lithium Americas. Additional information
concerning the Company's Cauchari-Olaroz Properties and its in situ resource can
be obtained from its NI 43-101 technical report dated Monday December 6th, 2010
and filed on SEDAR.


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. Readers should review the Company's prospectus dated May 6, 2010 for
a list of risks associated with the Company, and its business.

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