AMERICAN SALARS LITHIUM INC. announced that the Company is registering a mining company in Argentina operating under the name ?American Salars Pocitos SA?, a 100% owned subsidiary of American Salars, a crucial next step as the Company matures from the acquisition, discovery and delineation of inferred mineral resources, to the establishment of measured and indicated resources, economics, environmental, tax efficiency, development and the potential for pilot and eventual commercial production at the Pocitos 1 lithium project (?Pocitos 1?). Upon completion of the option of the Candela II project on Salar de Incahuasi the Company will register an additional Argentina subsidiary to hold that project. About Pocitos 1 Lithium Deposit WSP Australia completed an update of the NI 43-101 report initially written by Phillip Thomas QP in June 2023 and estimated on an inferred basis using a block model with 6% and 14% porosity for the clay and sand lithologies respectively and a Mineral Resource Estimate (?MRE?) of 760,000 tonnes of Lithium Carbonate Equivalent (?LCE?) on the combined Pocitos 1 (800 Ha) and neighbouring Pocitos 2 block (532 Ha).

American Salars does not own the neighboring Pocitos 2 ground which comprises 40% of the gross land package that makes up the resource however it is notable that all drilling to date has been completed on American Salars? Pocitos 1 block.