Mr. Steven Cochrane reports

LITHIUM CHILE ANNOUNCES WARRANT EXTENSION

Lithium Chile Inc. intends to extend the expiry date of an aggregate of 6,922,817 outstanding common share purchase warrants issued by the company as part of a unit of the company in connection with a non-brokered private placement announced on Oct. 25, 2021, and further amended on Oct. 26, 2021, and on Oct. 29, 2021 (the 2021 warrants). The expiry date of the 2021 warrants was extended to June 30, 2024, as approved by the TSX Venture Exchange, following the company's proposal to extend the 2021 warrants as announced on Oct. 17, 2023. The company proposes to extend the expiry date of the 2021 warrants to Sept. 30, 2024 (the 2021 warrant extension).

In addition, the company proposes to extend the expiry date of an aggregate of 5,774,279 warrants issued by the company as part of a unit of the company in connection with a non-brokered private placement announced on Dec. 21, 2021, and further amended on Jan. 24, 2022 (the 2022 warrants). The expiry date of the 2022 warrants was extended to June 30, 2024, as approved by the TSX-V following the company's proposal to extend the 2022 warrants, as announced on Jan. 12, 2024. The company proposes to extend the expiry date of the 2022 warrants to Sept. 30, 2024 (the 2022 warrant extension, and, together with the 2021 warrant extension, the extension).

Management believes this extension is justified to ensure that warrant holders have the opportunity to fully participate in the spin-out of shares of Lithium Chile's two new subsidiaries, Lithium Chile 2.0 Inc. and Kairos Gold Corp. (see Lithium Chile's news release dated April 18, 2024).

The extension is subject to approval by the TSX-V. The company intends to issue an updated news release upon receipt, if any, of the warrant extension approval.

About Lithium Chile Inc.

Lithium Chile is an exploration and lithium resource company with a property portfolio consisting of 111,978 hectares in Chile and 29,245 hectares in Argentina. The company has filed its National Instrument 43-101 report and preliminary economic assessment, which can be viewed on the company's profile at SEDAR+.

Lithium Chile also owns four properties, totalling 21,329 hectares, that are prospective for gold, silver and copper. Exploration efforts are continuing on Lithium Chile's Carmona gold/silver/copper property, which lies in the heart of the Chilean megaporphyry gold/silver/copper belt.

We seek Safe Harbor.