OTC Bulletin Board

S & P Company Insight for AMERILITHIUM CORP

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.
  297 Kingsbury Grade, Suite 100
  Lake Tahoe , NV 89449-4470
  Phone: 775-996-2210
  Fax: 775-996-2212
  Website: http://www.amerilithium.com
  Thomas J Harris, CPA
Transfer Agent
  Island Stock Transfer
Employees:  6
ShareHolders:  43
Founded:  2004
Domicile:  Nevada

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.


 Matthew  WorrallChief Executive Officer

 Matthew  Worrall
 Annual Report

Annual Report
Income Statement
Mineral property expenditures-8
General and administrative expenses8228
Currency losses16
Net income(83)(42)
Share earns. basic($0.01)($0.01)
Balance Sheet
Tot. curr assets123
Total assets123
Advances from shareholder10-
Tot. curr. liabs.10-
Com. stk. p.$0.00177
Paid-in cap.12979
Retained earns.(145)(63)
Total liabs.123
 Interim Report

Interim Report    01/01/2010  -  03/31/2010
Income Statement
Legal and professional fees55
Marketing and Advertising28
Other general and administrative9
Currency losses2
Net income(107)
Share earns. basic($0.01)
Balance Sheet
Tot. curr assets11
Net Fixed Assets 3
Mining Claims 6,298
Total assets6,312
Notes pay.501
Advances from shareholder30
Tot. curr. liabs.531
Com. stk. p.$0.000113
Paid-in cap.5,195
Stock subscription payable825
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$
  2010   1Nil
  2009   Full Year (80,000)
  2008   Full Year (20,000)
  2006   Full Year (20,000)
Quarterly EPS, US$
  2010   1(.01)
  2009   1Nil
  2009   2Nil
  2009   3Nil
  2009   4Nil
  2009   Full Year Nil
  2008   3Nil
  2008   4Nil
  2008   Full Year Nil
  2007   3Nil
  2007   Full Year Nil
  2006   Full Year Nil
 Stock Data

Capitalization as of 03/31/2010:
 Authorized SharesOutstanding Shares
Common $0.001 par150,000,00056,900,000
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
OTC Bulletin Board20100.00000.0000
DIVIDENDS: Common $0.001 par: No cash. Common split 8-for-1, Mar. 9, 2010.