ILI Imagine Lithium Inc

ILI Technologies (TSX VENTURE:ILI) is pleased to announce that its 100% wholly
owned Mexican subsidiary Cdn Oilfield Technologies & Solutions S. de R.L de C.V.
("COTS") has entered into a definitive agreement with an established Mexican
construction company (the "Company") with respect to the Company's construction
project to build a sub structure through pilings for the support of drilling
equipment for the project "Campo SEN Pozo 212". The Company is contracted to
Schlumberger, the largest oil and gas service company in Mexico, under a Master
Agreement between the respective parties. The gross amount of the construction
contract is for USD $663,392.00. COTS will provide project management services
and financing of up to a maximum of USD $500,000.00 and will earn a fee of USD
$80,000.00. The construction project is expected to commence approximately next
week with completion in approximately 30 days. Re-payment of the financing to
COTS is anticipated to be completed approximately 30 days after the completion
of the project under a direct assignment agreement between COTS and the
respective parties.


Phil D'Angelo states, "ILI continues to execute on business strategy in Mexico
and form relationships with established partners. There are multiple projects
currently under review and the company anticipates continued success as a result
of its efforts". 


Reader Advisory

Except for statements of historical fact, this news release contains certain
"forward-looking information" within the meaning of applicable securities law.
Forward-looking information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions "may" or "will"
occur. In particular, forward-looking information in this press release
includes, but is not limited to, anticipated sales of the company and completion
of installation projects . Although we believe that the expectations reflected
in the forward-looking information are reasonable, there can be no assurance
that such expectations will prove to be correct. We cannot guarantee future
results, performance or achievements. Consequently, there is no representation
that the actual results achieved will be the same, in whole or in part, as those
set out in the forward-looking information.


Forward-looking information is based on the opinions and estimates of management
at the date the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to
differ materially from those anticipated in the forward-looking information.
Some of the risks and other factors that could cause the results to differ
materially from those expressed in the forward-looking information include, but
are not limited to: general economic conditions in Canada and Mexico and
globally; industry conditions, governmental regulation, including environmental
regulation; unanticipated operating events or performance; failure to obtain
industry partner and other third party consents and approvals, if and when
required; the availability of capital on acceptable terms; the need to obtain
required approvals from regulatory authorities; stock market volatility;
competition for, among other things, capital, skilled personnel and supplies;
changes in tax laws; and the other industry and geographic specific risk
factors. Investors are cautioned that this list of risk factors should not be
construed as exhaustive. 


The forward-looking information contained in this news release is expressly
qualified by this cautionary statement. We undertake no duty to update any of
the forward-looking information to conform such information to actual results or
to changes in our expectations except as otherwise required by applicable
securities legislation. Investors are cautioned not to place undue reliance on
forward-looking information.


This press release shall not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be any sale of the securities in any state of
the United States or any other jurisdiction outside of Canada in which such
offer, solicitation or sale would be unlawful. The securities have not been
registered under the U.S. Securities Act of 1933, as amended, or any state
securities laws and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the U.S. Securities Act of 1933 and applicable state securities laws.

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