We report on the production of small and medium size lithium and lithium oxide clusters by a laser vaporization cluster source. The isotopomeric distribution of natural lithium allowed to identify Li k O clusters as the most abundant components in the mass spectrum. Photoionization efficiency curves of Li k O clusters with photon energies from 3.4 to 4.7 eV were measured for 8 ≤ k ≤ 27. Using linear extrapolation of the increase in photoionization efficiency with photon energy, ionization potentials were extracted. With the chemical bond of the O 2− anion to two Li atoms, leaving n = k-2 valence electrons in the (Li 2 O)Li n clusters, clear shell closure effects are present at n = 8 and n = 20.