Lithium Power International Limited has entered into a term sheet with its joint venture partner, Minera Salar Blanco SpA to acquire a further 1.35% of the shares in the Maricunga Joint Venture Company, Minera Salar Blanco S.A. LPI will also further strengthen its Board of Directors. The Company upon completion of the transaction, two new Chilean directors, Mr. Martin Borda, President and major shareholder of Minera Blanco, and Mr. Cristobal Garcia-Huidobro, the CEO of MSB. Mr. Borda is MSB's founding shareholder and board member and has more than 40 years' industrial and commercial experience across the banking and food and consumer products sectors. Mr. Borda is a board member and founding shareholder of Multiexport Foods, and a board member of Molinera San Cristobal. He also served as a board member for Scotiabank in Chile for more than 10 years.