Mr. Steven Cochrane reports

LITHIUM CHILE PROVIDES AGM UPDATE AND ANNOUNCES SPECIAL SHAREHOLDERS' MEETING

Lithium Chile Inc. reminds its shareholders of its upcoming annual general meeting to be held on July 10, 2024, at 11 a.m. (MT). While AGM materials have been mailed to beneficial shareholders, all AGM material will also be available under the company's profile on SEDAR+ or the company's website on June 19, 2024.

Following the formal portion of the AGM, management will provide an update on the transfer of its Chilean lithium properties to Lithium Chile 2.0 Inc. and its Chilean copper/gold/silver properties to Kairos Gold Corp. These transfers are designed to enable Lithium Chile to pursue a transaction on its Argentinian assets, in alignment with the continuing strategic process led by PI Financial Corp. (see Lithium Chile news releases dated Feb. 14, 2024, and April 18, 2024).

Lithium Chile has been informed that the prefeasibility study will be ready for initial review before the end of June, 2024. While the results have not yet been finalized, there may be significant revisions to resource volumes, resource classifications and project valuation as a result of the PFS.

Management of Lithium Chile is committed to ensuring that shareholders have all pertinent information before voting on the spinout resolutions. Therefore, a special meeting has been scheduled for Aug. 28, 2024, to allow shareholders to vote on the resolution approving the distribution of shares of Lithium Chile 2.0 Inc. and Kairos Gold Corp. to Lithium Chile's shareholders.

Details regarding the special meeting, including how to access meeting materials and participate in the voting process, will be provided to shareholders at a later date.

About Lithium Chile Inc.

Lithium Chile is an exploration and lithium resource company with a lithium property portfolio consisting of 111,978 hectares in Chile and 29,245 hectares in Argentina. The company has filed an NI 43-101 report and preliminary economic assessment on its Arizaro project in Argentina and expects to finalize the next step -- a prefeasibility study -- before the end of June.

Lithium Chile also owns five properties in Chile totalling 22,629 hectares that are prospective for gold, silver and copper.

On Sept. 21, 2023, Lithium Chile announced the hiring of PI Financial Corp. as its financial adviser to seek strategic alternatives. That process is under way as the company continues to enhance the underlying value of its assets including completion of the prefeasibility study and the related resource volumes, resource classifications and valuation parameters associated therewith.

We seek Safe Harbor.