Mr. Steven Cochrane reports

LITHIUM CHILE ANNOUNCES APPROVAL OF WARRANTS EXTENSION

The application to extend the expiry date of: (i) an aggregate of 6,922,817 outstanding common share purchase warrants issued by Lithium Chile Inc. as part of a unit of the company in connection with a non-brokered private placement arranged on Oct. 25, 2021, and further amended on Oct. 26, 2021, and on Oct. 29, 2021; and (ii) 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 arranged on Dec. 21, 2021, and further amended on Jan. 24, 2022, has been approved by the TSX Venture Exchange.

The 2021 warrants and the 2022 warrants are now set to expire on Sept. 30, 2024.

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 a National Instrument 43-101 report and a 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 hired 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.