Lithium One Inc.

Galaxy Resources Limited (ASX:GXY) announced on 30 March 2012, that it had entered into an agreement to effect a merger of Galaxy and Canadian lithium and potash exploration and development company Lithium One Inc. (CVE:LI).

Galaxy Resources Limited (ASX:GXY) are pleased to provide a presentation on the Galaxy and Lithium One (CVE:LI) merger.

Galaxy Resources Limited (ASX:GXY) is pleased to announce it has entered into an agreement to effect a merger of Galaxy and Canadian lithium and potash exploration and development company Lithium One Inc. (CVE:LI).

Galaxy Resources Limited (ASX:GXY) is an Australian-based integrated lithium mining, chemicals and battery company listed on the Australian Securities Exchange (Code: GXY) and is a S&P/ASX 300 Index Company.

Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) is pleased to announce that the conditions precedent of the farm-in and joint venture agreement ("Agreement") with Lithium One Inc. (CVE:LI) of Canada have now been satisfied.

Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) announce that the parties have signed the formal farm-in and joint venture agreement with Lithium One Inc. (CVE:LI) (PINK:LITHF) of Canada to acquire up to 70% of the James Bay Lithium Pegmatite Project in Quebec.

Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) is pleased to announce that it has signed a Memorandum of Understanding ("MOU") with Lithium One Inc. (CVE:LI) (PINK:LITHF) of Canada to acquire up to 70% of the James Bay Lithium Pegmatite Project as part of a farm-in arrangement.