AmeriLithium Corp. announce that on April 13, 2012, the company signed a Letter of Intent with Strategic Resource Management Inc. thereby entering into a joint venture related to Australian mining properties held by or to be held by the company. The purpose of the JV is to manage, develop and oversee the mining of such properties in Australia. In particular, the JV Partners have agreed to commence initial exploration on three of the company's current Western-Australia lithium assets. Among the JV's initial activities was the filing of an application for the Government Co-Funded Exploration Drilling Grant. The application was filed on March 30, 2012 with the Government of Western Australia, Department of Mines and Petroleum. By filing the application, the JV Partners hope to take advantage of the Australian government offer of up to AUD 150,000 which can be applied toward the drilling costs on multi-hole exploration projects. The public announcement of successful grant candidates is planned for early June 2012. The company's three Australian assets cover over 43,000 acres around and abutting Lake Dumbleyung, Western Australia. While the primary motivation behind commencing an exploration program is the identification of lithium potential, additional motivation stems from (i) the potential to take advantage of the Co-Funded Drilling grant offering, and (ii) the opportunity to explore for gold concurrently while exploring for lithium.