Press Releases

EL SEGUNDO, Calif.--(BUSINESS WIRE)-- At the 2012 New York International Toy Fair, leading toymaker Mattel, Inc. (NASDAQ: MAT) will showcase its newest toys that transcend the traditional playroom and deliver deeper ways for kids and families to engage with their favorite brands including Barbie®, Hot Wheels®, Monster High® and Fisher-Price®. From redefining toy-based storytelling to leveraging age-appropriate technologies, Mattel’s “brand portfolio” puts the future of play in the hands of kids today.

“Families want toys that fulfill a fun play experience while also expanding children’s imaginations in clever and exciting ways,” says Chuck Scothon, SVP, Marketing, Mattel’s North America Division. “Our iconic brands not only transcend generations, they extend beyond the play room to deliver rich content on today’s multiple entertainment platforms.”

Technology: It IS child’s play

Merging age-appropriate technologies and traditional play patterns, Mattel continues to deliver meaningful content and innovative play at a price point that maintains the integrity of a product. From integrated digital cameras to toys that interact with tablets and smartphones, the line between the two worlds continues to blur.

“Today’s children do not differentiate between toy and device as technology is expected in their favorite playthings,” said Scothon. “What Mattel brings to this convergence is a rich understanding of both the art and science of play.”

To complement its global powerhouse of brands, Mattel infuses play into your tablet with something no one else can – the industry’s top global powerhouse brands combined with rich content for an immersive play experience with Apptivity™. Featuring proprietary technology, Apptivity™ allows kids to take a physical toy and safely play with it on the screen of an iPad®.

Beginning with Hot Wheels Apptivity™ which lets kids take a 1:64 scale Hot Wheels car and race through three exciting game mode in May, Mattel will introduce Apptivity™ to even the youngest techies-in-training with Fisher-Price’s® Laugh & Learn™ Apptivity™Monkey. The Laugh & Learn™ Apptivity™ Monkey is an interactive plush learning toy for babies that also lets them enjoy their very own apps on mom or dad’s iPhone® or iPod® touch device. Toddlers can squeeze monkey's hands and feet to interact with the app, which teaches baby about colors, numbers, animals and much more. Mattel will introduce Barbie®, Monster High®, WWE®, Angry Birds, Cut the Rope™ and Fruit Ninja™ later in the year.

Combining fashion and photos with a simple click, Barbie® Photo Fashion™ Doll is actually a digital camera and Barbie® doll’s tee-shirt serves as the canvas. Girls can showcase pre-loaded graphics or take their own pictures and display them on Barbie® doll’s tee. Girls who loved Fijit Friends® will love the innovative nurturing play of Fijit Friends® Yippits™. These dynamic dancing pets perform tricks when played with so girls can nurture, teach tricks and discover the spontaneous play that comes with the fun, unpredictability of Yippits™.

Preschoolers who want to take their favorite content on the go will delight in the super-cool, kid-friendly Kid-Tough® Portable DVR that connects directly to a TV and set top box to record children’s favorite TV shows. The Kid-Tough Portable DVR gives parents and preschoolers the best of both worlds: parents can maximize TV content they’re already paying for at home and preschoolers can take their favorite TV shows along for the ride – on road trips, flights, family vacations – or wherever their adventures take them.

Customization and Collectability

When traditional toys incorporate a creative, customizable element – imaginations run wild. From designing fashions to entire fashion dolls, Mattel keeps the category engaging for girls of all ages. We know kids love to collect, and this year, we are offering boys a cool, new take on vehicle play.

The Barbie® Design & Dress Studio™ comes with everything a girl needs to create customized fashions for Barbie® including, cloth dress templates, stencils, fabric markers and decorative stickers. For the Monster High® fans who have been designing and sharing their own creepy cool creations via UGC comes the Monster High® Create-A-Monster Design Lab. Girls can assemble even more customized Monster High® ghouls by taking “body parts” from the Create-A-Monster kits or special Add-on Accessory Packs then placing them in the Design Lab to apply any of the desired “skins.”

For the first time, Hot Wheels® goes from vehicle to “spherical,” with Hot Wheels® Ballistiks™ creating new, outrageous stunts utilizing 1:64 scale cars. In today’s world, consumers have come to expect instant results, and this is no different for kids. Ballistiks quickly transforms from a Hot Wheels vehicle into a ball and back again for endless play experiences.

The Art of Story Telling

Which came first – the story or the toy? This year, Mattel can answer “yes” to both. From adding characters to car play and a DVD to doll play, content will continue to drive imaginations and fashion storylines for both boys and girls.

Inspired by the real-life crew of Team Hot Wheels™ drivers who will star in 20 webisodes in 2012, the Team Hot Wheels™ Double Dare Snare™ stunt set allows boys to race 1:64-scale Hot Wheels® side-by-side down a twisty track, through a hair-raising loop and over a jump at the edge of a steep canyon. This fall, Monster High™ and Universal Pictures will release its first direct-to-DVD movie, Monster High™: Ghouls Rule!, that features all of the beloved student bodies and their quest to take back Halloween. Rooted in the dynamic storytelling moments of the DVD, Monster High® will parallel the launch with freaky fab fashion dolls Clawdeen Wolf®, Frankie Stein®, Draculaura® and Cleo De Nile®. And after 10 years of entertainment, Barbie® is coming out with her first “sea-quel™” and 23rd direct-to-DVD title, “Barbie™: A Mermaid Tale 2.”

Fisher-Price continues to bring to life the magic of children’s favorite programming through its longstanding licensor partnerships with Disney and Nickelodeon and newly acquired HIT Entertainment, which includes iconic brands Thomas & Friends®, Barney® and Bob the Builder®. Children can recreate scenes from their favorite shows and connect with beloved characters through imaginative role play toys like Master Moves Mickey, Jake’s Musical Pirate Ship Bucky, Fantastic Gymnastics Dora, Come & Get Us!™ Counting UmiCar, Thomas & Friends® TrackMaster™ Risky Rails Bridge Drop and Thomas & Friends® Steam ‘n Speed™ RC Thomas to deepen their overall play experience.

Additionally, Mattel partners with entertainment powerhouses to bring characters from the big and small screen to the toy box. This summer, Batman in The Dark Knight Rises, from Warner Bros. Pictures, will fly into theatres and toy shelves with dynamic action figures and vehicles. For the first time, boys will be able to quickly transform their character favorites with Batman The Dark Knight Rises Quicktek™ Figure Assortment for a play experience that happens at the speed of a super hero. From Disney•Pixar’s Brave, a new animated feature about grand adventure set in the mysterious highlands of Scotland, Mattel introduces the Brave Merida Doll, inspired by the film’s courageous young heroine with fiery red hair and spirit to match. Twelve million viewers tune into the action-packed storylines of WWE® programming each week and this year Mattel turns its Superstars into mom-friendly WWE® Brawlin’ Buddies™. These pillow Superstars bring the ring home but keep the moves safe.

For Mattel and Fisher-Price Toy Fair gallery b-roll and photos please visit www.mattelbrandsmedia.com. Check out Fisher-Price on Twitter @FPToyFair and follow Mattel on Twitter @MattelNews. Consumers can also visit www.MattelShop.com for more information. Please note credentials are required to attend all press events in the Mattel showroom.

About Mattel

Mattel, Inc. (NASDAQ:MAT) (www.mattel.com) is the worldwide leader in the design, manufacture and marketing of toys and family products. The Mattel family is comprised of such best-selling brands as Barbie®, the most popular fashion doll ever introduced, Hot Wheels®, Matchbox®, American Girl®, Radica® and Hot Wheels® RC, as well as Fisher-Price® brands, including Thomas & Friends®, Little People®, Power Wheels® and a wide array of entertainment-inspired toy lines. In 2012, Mattel was named as one of FORTUNE Magazine's "100 Best Companies to Work For" for the fifth year in a row. Mattel also is ranked among Corporate Responsibility Magazine's "100 Best Corporate Citizens" and the "World's Most Ethical Companies." With worldwide headquarters in El Segundo, Calif., Mattel employs approximately 28,000 people in 43 countries and territories and sells products in more than 150 nations. At Mattel, we are "Creating the Future of Play." Follow Mattel on Facebook: www.facebook.com/mattel

BARBIE, MONSTER HIGH and associated trademarks and trade dress are owned by Mattel, Inc.© 2012 Mattel, Inc. All Rights Reserved.™ & © DC Comics.(s12)

MAT-CORP

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50164477&lang=en

Mattel Brands PR / Fisher-Price Brands PRRachel Cooper / Juliette ReashorMattel Javits Showroom Media (212) 542-1727rachel.cooper@mattel.com / juliette.reashor@mattel.com

Source: Mattel, Inc.

PERTH, WESTERN AUSTRALIA -- (MARKET WIRE) -- 02/10/12 -- Talison Lithium Limited ("Talison" or the "Company") (TSX: TLH)

SECOND QUARTER HIGHLIGHTS

--  15% price increase secured across the product range from January 1, 2012
--  Production of 89,015 tonnes, a 7% year over year increase
--  EBITDA margin increased to 24% due to a 10% year over year decline in
    cash operating costs per tonne
--  Strong operating cash flow of A$12m, compared to (A$4.3m) for the same
    period a year ago
--  Port congestion in late December 2011 resulted in approximately 38,000
    tonnes lithium concentrate being delayed into fiscal Q3, but no change
    in full fiscal 2012 outlook
--  The preliminary engineering study for the Minerals Conversion Plant was
    completed. The next phase of the project was initiated and a location
    for the plant has been selected
--  Construction of the Stage 2 Expansion of the Greenbushes Lithium
    Operations remains on schedule and on budget
--  Outlook remains positive, with demand for chemical-grade lithium
    concentrate from new and existing customers remaining solid during Q2

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                                               Three Months ended
                                                      December 31  Year Over
SECOND QUARTER HIGHLIGHTS                             (unaudited)       Year
(in thousands A$, unless noted otherwise)         FY12       FY11   % Change
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Sales Volume (tonnes lithium concentrate)       75,221     97,559      (23%)
Sales Price (Average US$/tonne)                 US$310     US$315       (2%)
Revenue                                        $22,686    $32,810      (31%)
Cash Operating COGS ($/tonne lithium
 concentrate)                                     $187       $208      (10%)
EBITDA                                          $5,387     $7,233      (26%)
EBITDA Margin                                      24%        22%    +169bps
Net Profit                                      $5,642     $5,297         7%
Basic EPS (cents/share)                            5.2        5.6       (7%)
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Approx. Volumes Sold (t/LCE(1))                 11,200     14,500      (23%)
Approx. Production (t/LCE)                      13,200     12,400         7%
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Note:

   (1) LCE means lithium carbonate equivalent.

Talison Lithium Limited today announced results for the second quarter of the 2012 fiscal year(1).

"We were very pleased with our achievements during the second quarter, in particular the decline in cash operating costs, our strong operating cash flow, the move to the next phase in the development of our Minerals Conversion Plant and the 15% price increase achieved from January 1, 2012." Peter Oliver, Chief Executive Officer and Managing Director commented. "The delay of some shipments into the third quarter due to unplanned Port shutdowns negatively impacted our financial results for the quarter. However, the results were still pleasing and with the recognition of the delayed sales in the third quarter, our fiscal 2012 expectations have not been affected."

SECOND QUARTER FINANCIAL RESULTS

Talison sold 75,221 tonnes of lithium concentrate (approximately 11,200 tonnes LCE) in the second quarter, representing a 23 per cent decline over the corresponding period of fiscal 2011. Sales of lithium concentrate during the six months ended December 31, 2011 represented a 4 per cent increase over the corresponding period of fiscal 2011.

Sales in the quarter were affected by significant congestion at the Port of Bunbury due to berth closures and unplanned Port shutdowns impacting all Port users. This resulted in approximately 38,000 tonnes of Talison's lithium concentrate sales that were ready at the Port for shipment in early December being delayed into January 2012. These shipments departed early January and will be included in third quarter sales.

Investors are cautioned that sales are made in large shipments that can be irregular in timing and in varying proportions of technical-grade and chemical-grade lithium concentrates. The irregular timing of shipments and varying proportions of technical-grade and chemical-grade lithium concentrates can result in variations in individual quarters between production and sales, the average sales price and average cash operating cost per tonne sold.

Talison generated revenue of A$22.7 million in the quarter, a 31 per cent decline from the second quarter of fiscal 2011 due to a combination of the shipment delay, and a 4 per cent increase in the value of the A$ against the US$ from the second quarter of fiscal 2011.

The Company realized an average sales price per tonne of lithium concentrate of US$310, a 2 per cent decrease over the second quarter of fiscal 2011, due to a lower proportion of higher value technical-grade products sold during the quarter, compared to the same period in fiscal 2011. Underlying technical-grade prices between the two periods increased by an average of 13% in US$ terms.

Production volume increased 7 per cent over the second quarter of fiscal 2011 to 89,015 tonnes of lithium concentrate (approximately 13,200 tonnes LCE).

Cash operating cost of goods sold per tonne of lithium concentrate was A$187, a 10 per cent decline over the second quarter of fiscal 2011 due to the new lithium mineral reserve announced in May 2011 and a 7% increase in the chemical-grade plant yield.

EBITDA(2) was A$5.4 million, reflecting an increase of 169bps in the EBITDA margin to 24 per cent of revenue despite a 4 per cent appreciation in the value of the A$. A constant exchange rate would have resulted in an EBITDA margin of approximately 27 per cent, reflecting the increase in average sales price and reduction in cash operating cost of goods sold during the quarter.

(1) Information in this press release is in relation to the unaudited condensed consolidated interim financial statements of Talison as at December 31, 2011 and for the three and six months ended December 31, 2011 (collectively, the "Financial Statements") and should be read in conjunction with Financial Statements. The financial information contained in this press release is derived from the Financial Statements, which were prepared in accordance with International Financial Reporting Standards ("IFRS"). All amounts in this press release are expressed in Australian dollars ("A$") unless otherwise identified. References to "C$" are to Canadian dollars and references to "US$" are to United States dollars.

(2) The term "EBITDA" is a non-IFRS financial measure. For further information and a reconciliation of EBITDA to its IFRS-compliant income statement, refer to "Non-IFRS Performance Measures" in Management's Discussion and Analysis of the financial condition and results of operations of Talison Lithium Limited as at and for the interim period ended December 31, 2011 (which can be found on Talison's SEDAR profile at www.sedar.com).

SECOND QUARTER OPERATIONS

During the quarter Talison advanced its growth projects.

Greenbushes Stage 2 Expansion

The Stage 2 Expansion at the Greenbushes Lithium Operations remains on budget and on schedule. During the quarter, foundations for the new chemical-grade plant were completed, installation of steelwork was nearing completion, and the conveyor belt to the finished product stockpile was in construction. Talison continues to expect commissioning of the Stage 2 Expansion during the fourth quarter of fiscal 2012.

To view the "Stage 2 Expansion progress at the Greenbushes Lithium Operations" photo, please visit the following link: http://media3.marketwire.com/docs/greenbushes_stage2.jpg

Minerals Conversion Plant

Responding to growing global demand for an additional secure supply in lithium chemicals, Talison is aggressively pursuing its proposed plant to convert lithium minerals into lithium carbonate ("Minerals Conversion Plant"). The preliminary engineering study in relation to the proposed construction of the conversion plant was completed during the second quarter.

The next phase of the project, which includes an engineering study for a 20,000 tonnes per annum lithium carbonate plant and obtaining the required environmental and regulatory approvals, commenced in early calendar 2012. As recently reported, the Kwinana Industrial Area, located 40km south of Perth in Western Australia has been selected as the location for the plant and Talison is currently finalizing tenure arrangements for its preferred site. Talison anticipates making an investment decision on the project by the end of calendar 2012 and is targeting commissioning during 2015.

Discussions with potential customers are continuing positively. As recently reported, Talison has entered into Memoranda of Understandings (MOU) with Sojitz Corporation and Mitsui & Co. Ltd. The MOUs provide a framework on which to discuss on a non-exclusive basis collaborative marketing and distribution of lithium carbonate produced by Talison to customers in Japan.

To view the "Location of the proposed Minerals Conversion Plant in the Kwinana Industrial Area" photo, please visit the following link: http://media3.marketwire.com/docs/talison_mineralplant.jpg

Greenbushes Resource Development and Salares 7 Project

Due to the encouraging progress in the development of the Minerals Conversation Plant, Talison is accelerating resource drilling at the Greenbushes Lithium Operations. The Company's objective is that lithium mineral reserves will be increased and the mine life extended to support future additional expansions of the lithium concentrate processing plants and a potential doubling in capacity of the minerals conversion plant. Talison expects to invest approximately A$1.9 million during fiscal 2012 in this resource definition drilling program.

Consequently, Talison is reallocating resources for the balance of fiscal 2012 from the Salares 7 Project. The drilling program at the Salares 7 project will be deferred and the focus will be on the environmental approvals process. This is not expected to affect the overall development timetable for the Salares 7 Project.

FISCAL 2012 OUTLOOK

Talison expects production of lithium concentrate in the third quarter to be in-line with the second quarter of fiscal 2012. Sales of lithium concentrate during the third quarter will include the 38,000 tonnes delayed during the second quarter of fiscal 2012. Sales are expected to materially match production for the nine months ending March 31 2012.

For the full 2012 fiscal year, Talison expects production and sales tonnages to be consistent with the nine months ended March 31, 2012, on an annualized basis.

During the second quarter, Talison negotiated with its customers a 15% price increase across its entire product range. The price increase applies to sales of chemical-grade lithium concentrate in the third and fourth quarter of fiscal 2012 and for technical grade lithium concentrate sales for the full 2012 calendar year.

SECOND QUARTER FINANCIAL RESULTS CONFERENCE CALL

Talison will host a conference call to discuss the financial results on Monday, February 13, 2012 at 8:30 a.m. (EST). The call is being webcast by Thomson Reuters and can be accessed at www.earnings.com or at Talison's website, www.talisonlithium.com.

The unaudited interim consolidated financial statements and Management's Discussion and Analysis of the financial condition and results of operations of Talison Lithium Limited as at and for the interim period ended December 31, 2011 are accessible at Talison's website, www.talisonlithium.com.

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Teleconference call details are as follows:

North America: +1 (800) 299-8538
International: +1 (617) 786-2902
Participant Code: 27020177
Chairperson: Peter Oliver, Chief Executive Officer and Managing Director
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Replay

Available from: February 13, 2012, 10:30 a.m. (EST)
Available to: February 20, 2012
Dial In: +1 (888) 286-8010
International: +1 (617) 801-6888
Passcode: 44937066
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ABOUT TALISON

Talison is a leading global producer of lithium. Talison mines and processes the lithium bearing mineral spodumene at the Greenbushes Lithium Operations in Western Australia. In addition, Talison explores for lithium at the Salares 7 lithium project made up of seven salars (brine lakes and surrounding concessions) located in Region III, Chile. Talison has an extensive, well established global customer network and a leading position in the growing Chinese market.

FINANCIAL STATEMENTS

                                   Three       Three              Six Months
                                  Months      Months  Six Months       Ended
                                   Ended       Ended       Ended    December
                                December    December    December    31, 2010
                                31, 2011    31, 2010    31, 2011 (Unaudited)
INCOME STATEMENT             (Unaudited) (Unaudited) (Unaudited)         (1)

                                  A$'000      A$'000      A$'000      A$'000
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Sales revenue                     22,686      32,810      48,565      53,882
Operating costs                 (14,097)    (21,442)    (30,691)    (34,677)
Other income / (expenses)        (3,202)     (4,135)     (6,361)     (7,202)
EBITDA(3)                          5,387       7,233      11,513   12,003(2)
Depreciation and
 amortization                      (725)     (1,047)     (1,413)     (1,867)
Net financing income /
 (costs)                             589     (1,186)       1,446     (5,045)
Net realized US$ hedging
 gain                                975         677       3,023         637
Net realized foreign
 exchange gain / (loss)              581       5,746       1,012       9,195
Net fair value gain/(loss)
 on financial assets and
 liabilities                       1,065     (3,093)     (5,354)       2,974
Income tax (expense) /
 benefit                         (2,230)     (3,033)     (2,978)     (6,726)
Net profit/(loss) for the
 period                            5,642       5,297       7,249      11,171


Basic earnings per share
 (cents/share)(4)                    5.2         5.6         6.7        15.1
Diluted earnings per share
 (cents/share)(4)                    5.2         5.4         6.7        14.6
Basic weighted average
 number of shares            107,771,151  94,484,098 107,751,096  74,018,163

-------
Notes:

       (1) The financial results for the six months ended December 31, 2010
           are comprised of the results of Talison for the period from
           August 12, 2010 to December 31, 2010 (i.e., post-Reorganization)
           and the carve-out results of the Greenbushes Lithium Operations
           for the period from July 1, 2010 to August 11, 2010 (i.e., pre-
           Reorganization). Readers are cautioned that the results for the
           period from July 1, 2010 to August 11, 2010 may not be reflective
           of the ongoing affairs of Talison.

       (2) EBITDA for the six months ended December 31, 2010 included A$1.6
           million in non-recurring Reorganization costs.

       (3) EBITDA is a non IFRS financial measure. For a reconciliation of
           EBITDA to its IFRS compliant income statement, see "Non-IFRS
           Performance Measures".

       (4) Basic and diluted earnings per share have been calculated based
           on the weighted average number of shares on issue. For the three
           and six months ended December 31, 2011, the weighted average
           number of shares includes both the outstanding ordinary shares of
           Talison adjusted to remove ordinary shares held by the Talison
           Long Term Incentive Plan Trust which is consolidated under IFRS,
           and the exchangeable shares of Talison Lithium Exchangeco
           Limited, an indirect wholly-owned subsidiary of Talison that are
           exchangeable (on a one-for-one basis) for ordinary shares of
           Talison. For the three and six months ended December 31, 2010,
           the weighted average number of shares includes the outstanding
           ordinary shares of Talison adjusted to remove ordinary shares
           held by the Talison Long Term Incentive Plan Trust which is
           consolidated under IFRS, the exchangeable shares of Talison
           Lithium Exchangeco Limited that are exchangeable (on a one-for-
           one basis) for ordinary shares of Talison, and the ordinary
           shares of Talison Minerals adjusted for the Talison Minerals
           share consolidation which occurred as part of the Reorganization.

                                                       As at
                                                December 31,           As at
                                                        2011   June 30, 2011
                                                 (Unaudited)       (Audited)
STATEMENT OF FINANCIAL POSITION                       A$'000          A$'000
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Assets
Cash and cash equivalents                             84,287         102,605
Trade and other receivables                           13,773          21,543
Inventories                                           19,874          11,182
Derivative financial instruments                       4,410          10,205
Property, plant and equipment                        127,078          95,215
Exploration and evaluation assets                     59,467          61,714
Total assets                                         308,889         302,464
Liabilities
Trade and other payables                              12,455          12,380
Interest-bearing liabilities                          28,326          29,243
Tax payable                                            3,970               -
Provisions                                            14,724          14,668
Derivative financial instruments                         160               -
Deferred tax liabilities                               8,552          10,622
Total liabilities                                     68,187          66,913
Shareholders' equity                                 240,702         235,551


                                                       As at
                                                December 31,           As at
                                                        2011   June 30, 2011
                                                 (Unaudited)       (Audited)
                                                      A$'000          A$'000
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Outstanding number of shares
Ordinary shares of Talison                       111,542,053     110,527,347
Exchangeable shares of Talison Lithium
 Exchangeco Limited(1)                               528,465       1,494,239
Shares held in trust(2)                          (4,299,367)     (4,299,367)
Total outstanding number of shares               107,771,151     107,722,219

-------
Notes:

       (1) The exchangeable shares of Talison Lithium Exchangeco Limited are
           exchangeable (on a one-for-one basis) for ordinary shares of
           Talison.

       (2) On June 7, 2011, Talison Lithium established the Incentive Plan
           Trust. Talison Lithium issued 3,862,767 ordinary shares to the
           Incentive Plan Trust and the Incentive Plan Trust purchased
           436,600 ordinary shares of Talison Lithium on-market.

Cautionary Note Regarding Forward-Looking Statements

Certain information contained in this press release, including any information as to Talison's mineral reserve and mineral resource estimates, strategy, projects, plans, prospects, future outlook, anticipated events or results or future financial or operating performance, may constitute "forward-looking information" within the meaning of Canadian securities laws. All statements, other than statements of historical fact, constitute forward-looking information. Forward-looking information can often, but not always, be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "predicts", "potential", "continue" or "believes", or variations (including negative variations) of such words, or statements that certain actions, events or results "may", "could", "would", "should", "might", "potential to", or "will" be taken, occur or be achieved or other similar expressions concerning matters that are not historical facts. The purpose of forward-looking information is to provide the reader with information about management's expectations and plans. Readers are cautioned that forward-looking statements are not guarantees of future performance. All forward-looking statements made or incorporated in this press release are qualified by these cautionary statements.

Forward-looking statements are necessarily based on a number of factors, estimates and assumptions that, while considered reasonable by Talison, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Such factors, estimates and assumptions include, but are not limited to: anticipated financial and operating performance of Talison, its subsidiaries and their respective projects; Talison's market position; future prices of lithium or lithium concentrates; estimation of mineral reserves and mineral resources; realization of mineral reserve and mineral resource estimates; timing, amount and costs of estimated future production; grade, quality and content of concentrate produced; sale of production; capital, operating and exploration expenditures; costs and timing of the expansion of the Greenbushes Lithium Operations; exploration and development of the Salares 7 lithium project; costs and timing of future exploration; requirements for additional capital; government regulation of exploration, development and mining operations; environmental risks; reclamation and rehabilitation expenses; title disputes or claims; absence of significant risks relating to Talison's mining operations; the costs of Talison's hedging policy; sales risks related to China; currency; interest rates, and limitations of insurance coverage. While Talison considers these factors, estimates and assumptions to be reasonable based on information currently available to it, they may prove to be incorrect and actual results may vary.

Readers are cautioned that forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Talison and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risk factors include, amount others, those described in the Financial Statements and under the heading "Risk Factors" in the annual information form of Talison for the year ended June 30, 2011 dated September 23, 2011, each of which can be found on Talison's SEDAR profile at www.sedar.com. While Talison considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect and actual results may vary.

Although Talison has attempted to identify statements containing important factors that could cause actual actions, event or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this press release based on the opinions and estimates of management on the date statements containing such forward-looking information are made. Except as required by law, Talison disclaims any obligation to update any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.

Contacts:
Gary Dvorchak, CFA
+1 (310) 954-1123
gary.dvorchak@icrinc.com

Source: Talison Lithium Limited

TORONTO, ONTARIO -- (MARKET WIRE) -- 02/10/12 -- With Valentine's Day just days away, BMO Financial Group released its Second Annual Valentine's Day Retirement Study which focuses on communication between couples on retirement planning.

According to the study, conducted by Leger Marketing, 69 per cent of Canadian couples state they have had a discussion with their partner about retirement plans. However, when examined more closely, fewer than half have discussed the essentials, including:

--  What their ideal retirement lifestyle will look like (47 per cent)
--  At what age they want to retire (46 per cent)
--  Where they want to live (44 per cent)
--  How much money they will need to support their ideal retirement
    lifestyle (42 per cent)
--  Whether they will be selling their house or staying in the family home
    (36 per cent)

Almost one-third (30 per cent) of Canadian couples do not have detailed insight into how much their partner has saved for retirement, including how much they have in their Registered Retirement Savings Plan (RRSP).

"We hear that communication is essential in a relationship-but that should include talking about finances and plans for retirement too," said Tina Di Vito, Head, BMO Retirement Institute. "The sooner couples have a detailed retirement 'talk', the easier it will be for them to develop and implement a financial plan that will help them realize their ideal retirement lifestyle."

The survey also found that fewer than one-third (27 per cent) of Canadian couples take advantage of spousal RRSPs, with one-quarter (26 per cent) not even knowing what they are. According to Ms. Di Vito, spousal RRSPs offer a tax-effective way to split your taxable income with your spouse at retirement.

With Valentine's Day and RRSP season on their minds, survey respondents were also asked what causes them more stress - Valentine's Day or planning for retirement:

--  Overall, respondents consider retirement (56 per cent) to be more
    stressful than Valentine's Day (20 per cent)
--  Interestingly, far more men indicated that issues relating to
    Valentine's Day cause them more stress (30 per cent) versus women (10
    per cent), while far more women selected retirement-related issues (61
    per cent) compared to men (51 per cent).

The online survey was conducted by Leger Marketing from January 30 - February 2, 2012, with a sample of 926 Canadian adults who are not currently single. A probability sample of the same size would yield a margin of error of +/-3.2 per cent, 19 times out of 20.

For more information on retirement: www.bmo.com/retirement.

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Contacts:
Media Contacts:
Amanda Robinson, Toronto
416-867-3996
amanda.robinson@bmo.com

Sarah Bensadoun, Montreal
514-877-8224
sarah.bensadoun@bmo.com

Laurie Grant, Vancouver
604-665-7596
laurie.grant@bmo.com

Source: BMO Financial Group and BMO Bank of Montreal