Rodinia Lithium Announces Non-Dilutive Potash Stream Financing

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION
TO THE UNITED STATES


Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM)(OTCQX:RDNAF)
announced today that it intends to issue 3 million subscription receipts (the
"Subscription Receipts") to an investor, at a price of $1.00 per Subscription
Receipt, for aggregate gross proceeds of $3 million, on a non-brokered private
placement basis. Each Subscription Receipt will be exchangeable upon the
occurrence of certain events (including the receipt of the required regulatory
and shareholder approvals) into a unit (a "Unit") consisting of one Cumulative
Rate Reset Non-Voting Potash Stream Preferred Share (a "Potash Stream Preferred
Share" or "Preferred Share") and one-half (1/2) of a common share purchase
warrant ("Warrant"). Each whole Warrant will entitle the holder thereof to
acquire one common share of the Company at a price of $0.45 for a period of 18
months following the closing date of the Offering.


Holders of the Potash Stream Preferred Shares will be entitled to receive a
cumulative, preferential cash dividend linked to the potash price and to the
revenue generated by the Company from its potash by-product sales from its Salar
de Diablillos Project, located in Salta Province, Argentina (the "Project").


Initially, each Potash Stream Preferred Share will provide, if and when
declared, for an annual cumulative preferential cash dividend at a floating per
share rate over the issue price of 9% + a potash price adjustment, payable
annually on the last day of January following the relevant completed fiscal
year, with respect to the initial period commencing upon the issuance of the
Preferred Shares and ending December 31 of the first year of initial potash
production.


Thereafter, the dividend rate will be reset such that the holders of Potash
Stream Preferred Shares shall be entitled to receive, if and when declared,
quarterly dividends in an amount equal to the total amount of net potash revenue
generated from the Project for that quarter divided by 20,000,000 (being the
maximum number of Preferred Shares that will be authorized in the capital of the
Company). After the reset, any such dividend, if and when declared, shall be
paid on the last day of the month following the quarter in respect of which such
dividend is payable. Net potash revenue shall be calculated based on the
quantity of potash sold and the potash sales price realized less a potash
production cost of US$185.00 per tonne of potash sold.


The Potash Stream Preferred Shares will not be retractable, convertible or
redeemable by the holder thereof. They will be redeemable by the Company in
certain circumstances.


Will Randall, President and CEO of Rodinia commented, "We are pleased to be
raising capital today that will go towards building a pilot plant and completing
a Feasibility Study for Diablillos. The unique structure of this Offering
recognizes the value inherent in our potash by-product, while at the same time
providing us an opportunity to raise capital in a manner that is non-dilutive to
the common shareholders of the Company. While this financing places a current
value on the potash by-product of CAD$20 million, Rodinia's primary source of
income in the event of production remains the sale of high purity lithium
carbonate from Diablillos."


Closing of the Offering will be subject to obtaining the required TSX Venture
Exchange approval. Proceeds from the Offering will be held in escrow or placed
in a segregated restricted account until all required regulatory and shareholder
approvals are obtained for the creation of the Potash Stream Preferred Shares,
at which time, the Subscription Receipts shall be exchanged for Units. Net
proceeds of the Offering will be used to finance further development of the
Project and will go toward completion of a Feasibility Study, and for general
corporate purposes, including working capital.


Analyst and Shareholder Conference Call

Rodinia will host a conference call at 8:30 AM Eastern Standard Time on Tuesday,
April 3, 2012 to discuss the Offering. To participate in the call please dial
the following:




  International:                +1 (416) 340-2217   
  Toll Free North America:      1-866-696-5910      



To register and listen to the webcast of the call, please go to Rodinia's
website at www.rodinialithium.com.


This press release does not constitute an offer of securities for sale in Canada
or the United States. The securities being offered have not been, nor will be,
registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold within the United States absent U.S. registration or an
applicable exemption from U.S. registration requirements. 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 securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.


About Rodinia Lithium Inc.:

Rodinia Lithium Inc. is a Canadian mineral exploration and development company
with a primary focus on Lithium exploration and development in North and South
America. The Company is also actively exploring the commercialization of a
significant Potash co-product that is expected to be recoverable through the
lithium harvesting process.


Rodinia's Salar de Diablillos lithium-brine project in Salta, Argentina,
contains a recoverable resource of 2.82 million tonnes lithium carbonate
equivalent and 11.27 million tonnes potassium chloride equivalent. The project
contains a recoverable inferred resource of 952,553,000 m3 grading 556 mg/L
lithium and 6,206 mg/L potassium. Throughout 2012, Rodinia will focus on
continuing to develop the Diablillos project by completing additional drilling
and advancing through feasibility study.


The Company also holds 100% mineral rights to approximately 70,000 acres in
Nevada's lithium-rich Clayton Valley in Esmeralda County, and is currently in
the process of assessing the size, quality and processing alternatives of this
deposit. The Clayton Valley project is located in the only known lithium-brine
bearing salt lake in North America, and looks to represent the only new source
for domestic lithium carbonate supply.


The Projects are supervised by Ray Spanjers, Rodinia's Manager of Exploration.
Mr. Spanjers is considered a Qualified Person, as defined by National Instrument
43-101, and has read and approved the scientific and technical information
contained in this press release.


Please visit the Company's web site at www.rodinialithium.com or write us at
info@rodinialithium.com. 


Cautionary Notes

Except for statements of historical fact contained herein, the information in
this press release may contain or refer to forward looking information within
the meaning of applicable securities laws, based on current expectations,
including, but not limited to, receipt of final TSX Venture Exchange approval
for the Offering, the approval of shareholders to authorize Preferred Shares,
mineralization projections, future exploration priorities, estimates and costs,
projected capital and operating expenditures, future exploration plans and
techniques, estimates regarding the timing and costs of exploration, mineral
prices and future exploration plans. Forward looking statements are subject to
significant risks and uncertainties, including those risks identified by the
Company in the prospectus and the annual information form of the Company, which
is available under the SEDAR profile of the Company on SEDAR, and other factors
that could cause actual results to differ materially from expected results.
Estimates and assumptions are based on extensive technical and scientific
analysis conducted by the management of the Company, the results of drill
program and other exploration, the analysis of external consultants and
information obtained by the Company from third parties. There can be no
assurance that such statements will prove to be accurate; actual results and
future events could differ materially from such statements. Factors that could
cause actual results to differ materially include, among others, metal prices,
competition, financing risks, acquisition risks, risks inherent in the mining
industry, and regulatory risks. Most of these factors are outside the control of
the Company. Investors are cautioned not to put undue reliance on
forward-looking information. Except as otherwise required by applicable
securities statutes or regulation, the Company expressly disclaims any intent or
obligation to update publicly forward-looking information, whether as a result
of new information, future events or otherwise.
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