Lithic Increases Private Placement

Lithic Resources Ltd. 912-510 West Hastings Street Vancouver, B.C. Canada V6B 1L8

Telephone: 1-604-687-7211 Fax: 1-604-648-9578 E mail: [email protected]

News Release 2010-9 Listed on the TSX Venture Exchange: LTH December 23, 2010

LITHIC INCREASES PRIVATE PLACEMENT

Lithic Resources Ltd. (LTH-TSX Venture) (the “Company”) wishes to announce that it has agreed to increase the non-brokered private placement previously announced on December 21,2010 to a maximum of up to 3.25 million units at a price of 8 cents per unit for gross proceeds of up to $260,000. Each unit will consist of one common share and one-half of one common share purchase warrant. Each full warrant will entitle its holder to subscribe for one share at 15 cents per share for a period of 18 months from completion of the financing. The shares, warrants and any shares issued on exercise of the warrants will bear a four-month restriction on resale from the completion date. Net proceeds from the placement will be used for general corporate purposes. A finder’s fee will be payable on a portion of the financing. The private placement is subject to regulatory approval.

LITHIC RESOURCES LTD.

“C.F. Staargaard”

_____________________________ C.F. Staargaard President and CEO Phone: (604) 687-7211 Email: [email protected]

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

THIS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES HEREIN