ION Announces Private Placement and Corporate Restructuring

Lithium ION Energy Limited is pleased to announce a corporate restructuring, including a non-brokered private placement of up to 15,000,000 units (each, a "Unit"), at a purchase price of $0.04 per Unit, to raise total gross proceeds of up to $600,000 (the "Offering"), of which the Company has received firm commitment for $400,000. The Company will also refresh its board and bring on a new Interim-CEO to lead ION through this period of change.