OTC Bulletin Board S & P Company Insight for AMERILITHIUM CORP
Profile
	Business Summary: Amerilithium Corp., an exploration-stage company, acquires and explores mining properties. The company has amassed a lithium portfolio consisting of approximately 724,000 acres, including three Nevada-based projects, a project in Alberta, Canada, and a project in Western Australia.   Address   297 Kingsbury Grade, Suite 100   Lake Tahoe , NV 89449-4470   Phone: 775-996-2210   Fax: 775-996-2212   Website: http://www.amerilithium.com Auditor   Thomas J Harris, CPA Transfer Agent   Island Stock Transfer Employees:  6 ShareHolders:  43 Founded:  2004 Domicile:  Nevada
Background
	Amerilithium Corp., in the exploration stage as of Mar. 31, 2010, engages in the acquisition and exploration of mining properties. The company has amassed a lithium portfolio consisting of approximately 724,000 acres, including three Nevada-based projects, a large project in Alberta, Canada, and a project in Western Australia. The company reported in May 2010 that it had signed agreements on the five properties. The company's Nevada-based Paymaster Project is a 5,880-acre claim block adjacent to the Clayton Valley playa, where lithium-rich brines and evaporates have been accumulating for more than 30,000 years. As of May 5, 2010, the first phase of a three-phase exploration program on the project was completed. The Clayton Deep Project is a 5,280-acre (8.25 square mile) claim block covering the entire Southwest Gravity Low in Clayton Valley, Nevada. The project's placer claims lie less than 10 miles southwest of the only U.S.-based lithium producing plant, operated by Chemetall Foote Corporation, a subsidiary of Rockwood Holdings, Inc. The Full Monty Project is a 5,760-acre block (9 square miles) of federal placer mining claims in Nye County, Nevada, 25 miles north of Clayton Valley's prime lithium-mining region. The asset is served by an established road system and high voltage power lines that cross the company's property. The Americana Property in Alberta, Canada represents approximately 664,049 acres overlying a potential extension of the Leduc Formation and Beaverhill Lake Group strata/Swan Hills Formation. The company's project in Western Australia consists of three plays (Bare Rocks, Hoffman Hills and Normans Lake) covering 43,000-plus acres around and abutting Lake Dumbleyung, where an earlier survey reported the presence of salt lake brine containing lithium. On Mar. 26, 2010, Amerilithium entered into a $10 million financing agreement with a European institutional investor focused on mining ventures. As of Apr. 29, 2010, the company had received its second drawdown on the finance agreement, effectively enabling it to accelerate its ongoing U.S. exploration program on its Paymaster Project in Nevada. Amerilithium Corp. was incorporated in 2004 and is headquartered in Lake Tahoe, Nevada. History:  INCORPORATED in Nevada Feb. 2, 2004, as Kodiak International, Inc.; name changed to Amerilithium Corp. Feb. 18, 2010.
Management
	Management Officers Position  Matthew  Worrall Chief Executive Officer Directors  Matthew  Worrall
Annual Report
	Annual Report   Income Statement   2009 2008 Mineral property expenditures - 8 General and administrative expenses 82 28 Currency losses 1 6 Net income (83) (42) Share earns. basic ($0.01) ($0.01)   Balance Sheet   2009 2008 Assets: Cash 1 23 Tot. curr assets 1 23 Total assets 1 23 Liabilities: Advances from shareholder 10 - Tot. curr. liabs. 10 - Com. stk. p.$0.001 7 7 Paid-in cap. 129 79 Retained earns. (145) (63) Total liabs. 1 23
Interim Report
	Interim Report    01/01/2010  -  03/31/2010   Income Statement   2010 Salaries 13 Legal and professional fees 55 Marketing and Advertising 28 Other general and administrative 9 Currency losses 2 Net income (107) Share earns. basic ($0.01)   Balance Sheet   2010 Assets: Cash 11 Tot. curr assets 11 Net Fixed Assets 3 Mining Claims 6,298 Total assets 6,312 Liabilities: Notes pay. 501 Advances from shareholder 30 Tot. curr. liabs. 531 Com. stk. p.$0.0001 13 Paid-in cap. 5,195 Stock subscription payable 825 Retained earns. (252) Total liabs. 6,312
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue   Data Not Available   Quarterly Net Income, US$ Year Quarter Revenue   2010   1 Nil   2009   Full Year (80,000)   2008   Full Year (20,000)   2006   Full Year (20,000)     Quarterly EPS, US$ Year Quarter Revenue   2010   1 (.01)   2009   1 Nil   2009   2 Nil   2009   3 Nil   2009   4 Nil   2009   Full Year Nil   2008   3 Nil   2008   4 Nil   2008   Full Year Nil   2007   3 Nil   2007   Full Year Nil   2006   Full Year Nil
Stock Data
	Capitalization as of 03/31/2010:     Authorized Shares Outstanding Shares Common $0.001 par 150,000,000 56,900,000   LONG TERM DEBT: None.   Common $0.001 par   Stockholders:  03/23/2010, 43. PRINCIPAL STOCKHOLDERS: March 23, 2010, Henry Bush owned about 29% of the Common.   Transfer Agent:  Island Stock Transfer   St. Petersburg , FL   OTC Bulletin Board( Primary): AMEL   Exchange Year High Low OTC Bulletin Board 2010 0.0000 0.0000   DIVIDENDS: Common $0.001 par: No cash. Common split 8-for-1, Mar. 9, 2010.