8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported) March 24, 2010


                               LITHIUM CORPORATION
             (Exact name of registrant as specified in its charter)

          Nevada                       333-148266                98-0530295
(State or other jurisdiction          (Commission               (IRS Employer
     of incorporation)                File Number)           Identification No.)

200 S Virginia St - 8th Floor, Reno, Nevada                        89501
  (Address of principal executive offices)                      (Zip Code)

       Registrant's telephone number, including area code (775) 322-0626

                                 Not applicable
         (Former name or former address, if changed since last report.)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17
    CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
    CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))

ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES

On March 24, 2010, we issued  2,000,000  units in a private  placement,  raising
gross  proceeds  of  $2,000,000,  or $1.00 per unit.  Each unit  consists of one
common share in the capital of our company and one non-transferable common share
purchase  warrant.  Each whole common share  purchase  warrant  non-transferable
entitles the holder thereof to purchase one share of common stock in the capital
of our company,  for a period of twelve  months  commencing  the  closing,  at a
purchase  price of $1.20 per warrant share and at a purchase  price of $1.35 per
warrant share for a period of twenty-four months thereafter.

We issued all of the  securities to three (3) non-U.S.  persons (as that term is
defined  in  Regulation  S of  the  Securities  Act  of  1933),  in an  offshore
transaction relying on Regulation S of the Securities Act of 1933.

ITEM 7.01 REGULATION FD DISCLOSURE

On March 25,  2010,  we issued a news  release  announcing  the  closing  of the
non-brokered private placement.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

99.1    News Release dated March 25, 2010

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                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

LITHIUM CORPORATION


/s/ Tom Lewis
- ----------------------------------
Tom Lewis
President and Director

Date: March 25, 2010



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EX-99.1

                                                                    Exhibit 99.1

[LITHIUM CORPORATION LOGO]

                                                                    NEWS RELEASE
- --------------------------------------------------------------------------------
FOR IMMEDIATE RELEASE                                                OTCBB: LTUM

                      LITHIUM CORPORATION PRIVATE PLACEMENT

RENO, NV - March 25, 2010 -Lithium Corporation (OTCBB: LTUM) (the "Company",  or
Lithco)  is  pleased  to  announce  that it has  closed a  non-brokered  private
placement,  and has  received  $2,000,000  USD gross  proceeds  from the sale of
2,000,000 units. Each Unit is comprised of one warrant and one common share, and
each warrant  provides the  subscriber the right to purchase one common share of
Lithium Corporation for $1.20 USD within one year, or $1.35 USD within two years
of the Closing date. Subscribers will have the preferential right to participate
in any subsequent private placements.

Lithco  intends  to use the  proceeds  from this  private  placement  for future
on-going exploration efforts on its six lithium properties in Nevada.

The  securities  to be  issued  and sold in the  private  placement  will not be
registered under the Securities Act of 1933 as amended (the "Act"),  and may not
be offered or sold in the United  States absent  registration,  or an applicable
exemption from registration, under the Act.

For further  information  please contact Samantha White at (888) 299-3989 or via
email at info@lithiumcorporation.com

NOTICE REGARDING FORWARD-LOOKING STATEMENTS

This  current  report  contains  "forward-looking  statements,"  as that term is
defined in Section 27A of the United States  Securities  Act of 1933 and Section
21E of the  Securities  Exchange Act of 1934.  Statements  in this press release
which are not purely historical are  forward-looking  statements and include any
statements  regarding beliefs,  plans,  expectations or intentions regarding the
future,  including  but not  limited  to, any  mineralization,  exploration  and
development of our mineral properties, specifically in regards to Lithium.

Actual  results  could  differ  from  those  projected  in  any  forward-looking
statements due to numerous  factors.  Such factors  include,  among others,  the
inherent  uncertainties  associated with mineral  exploration  and  difficulties
associated with obtaining  financing on acceptable  terms. We are not in control
of minerals prices and these could vary to make  development  uneconomic.  These
forward-looking  statements are made as of the date of this news release, and we
assume no obligation to update the forward-looking  statements, or to update the
reasons  why  actual   results   could  differ  from  those   projected  in  the
forward-looking  statements.  Although  we  believe  that  the  beliefs,  plans,
expectations  and  intentions  contained in this press  release are  reasonable,
there can be no assurance that such beliefs,  plans,  expectations or intentions
will prove to be accurate.  Investors  should consult all of the information set
forth  herein and should also refer to the risk factors  disclosure  outlined in
our most recent annual report for our last fiscal year,  our quarterly  reports,
and other  periodic  reports filed from  time-to-time  with the  Securities  and
Exchange Commission.