Lithium Chile Inc. provided an update on its Salar de Arizaro Project in Argentina. Lithium Chile has made significant advancements in its northeastern Arizaro claims. The latest sampling results from hole ARGENTO-06 are included. Three Airlift samples were taken over a 48-hour period returning the following lithium values: 652 mg/l Li.

654 mg/l Li. o 662 mg/l Li. These significant concentrations are anticipated to increase the resource volume attributed to the area of the well ­ in the northeastern portion of the Arizaro claims ­ which will also lead to classifying the resource into at least the indicated category.

The ARGENTO-06 rotary hole was drilled to a depth of 602-metres with a brine-rich, sandy forma on encountered from 161 to 500-metres. The samples, recovered using airlift, were sent to Alex Stewart Laboratory in Jujuy, Argentina. Sampling reported an average grade of 656 mg/l LI from a depth of 282-metres.

This result represents significant explora on progress for the northern portion of the Arizaro project, where the Company has previously reported inferred resources in its NI 43-101 Compliant Resource Report. These sampling results are expected to increase the existing 4,122,000 tonnes of lithium carbonate equivalent resource and are expected to upgrade the resource category to t least the indicated category and possibly into the measured category. On June 28, 2024, the Company received preliminary results of the Prefeasibility Study ("PFS") being prepared on the Arizaro project.

Those preliminary results supported management's belief that significantly positive revisions to project resource estimates and their inherent value would be forthcoming. The PFS is in the final phases of being completed for publication and dissemination. Those positive results are expected to be communicated to stakeholders in short order.