Lithium Energi Exploration Inc. advancing in conjunction with the Company's new JV, Triangle Lithium Argentina, S.A. ("Trila"), contracts have now been executed and the first phase of its drilling campaign (the "Campaign") will commence in the next 30 days. Trila and LEXI's Argentina subsidiary, Lithium Energi Argentina, S.A. ("LEA") have just finalized the execution of contracts with Dorado Exploraciones y Servicios, a mining services contractor owned by the former Secretary of Mines ("SEM") for Catamarca Province, Rodolfo Micone. Resulting from relationships derived during his many years as the head of SEM, Sr. Micone is one of the most well-known mining industry experts in the region and has hand-picked the best of the best for the subcontractor group being engaged for the implementation of the Campaign.

Central to the sub-contracting group is Hidrotec, SRL, which is perhaps the most experienced salar drilling company in Argentina. The Campaign will initially undertake 2,400 meters of drilling in six diamantinas, which are narrow diameter, core holes drilled with diamond drill bits to obtain and extract physical cores samples. Average total depth ("TD") per well is anticipated to be 400 meters; however, based on real-time field results, deeper horizons may also be explored.

The core samples will reveal porosity, permeability, and chemical analysis critical for development planning and mine valuation. Core samples are planned for anaylsis at Geosystems Anaylsis Inc. in Tucson, Arizona, one of the foremost analytical laboratories in the world for analyzing lithium brine core samples. After tagging bottom at TD, packer tests will be conducted from bottom hole up to surface to obtain sizable quantities of salmuera (Spanish for the lithium-bearing, hypersaline brine found in these types of salars throughout the Puna Plateau).

Brine sample analysis will be conducted at Alex Stewart Laboratories to yield full spectroscopic anaylsis of brine chemistry and lithium concentrations. The Antofalla basin is a long, narrow, fault-based graben - identified as one of the world's largest entrapment depressions hosting lithium-bearing brine - and its total depth is not well known. Although adjacent results from others cannot and do not assure the outcome of this Campaign for the Trila JV, published data resulting from drilling campaigns executed by other exploration companies on claims near to the JV's claims in the Antofalla Salar have reportedly yielded indications of significant volumes of lithium-bearing brine with viable, mid-range PPM concentrations of economic importance.

Trila has engaged a highly-experienced team to plan, execute, and analyze the Campaign, including qualified persons ("QP") designated to govern the sampling and testing protocols. QP Murray Brooker, a well-known professional with many years of hands-on salar drilling knowledge in Argentina, will lead those aspects of the Campaign. Based on field results obtained during the Campaign, Trila and LEA may elect to expand the Campaign to include multiple rotary wells, which are larger diameter wells suited for implementation of long-term pumping tests that are requisite to determining the draw down and recharge rates related to brine extraction from the subterranean aquifers.

At its conclusion and based on the data obtained from the core samples and pump tests, the Campaign is expected to yield an NI 43-101 resource estimate, which the Company believes could be ready for publication as early as Fourth Quarter of 2022.