Mr. Steve Cochrane reports

LITHIUM CHILE EXECUTES MOLLE VERDE JOINT VENTURE WITH ERAMET OF FRANCE

Lithium Chile Inc. has successfully executed a joint venture agreement with Eramet, a renowned European mining company headquartered in Paris, France. Known for its expertise in metal extraction and processing, Eramet is the ideal partner to advance the development of Lithium Chile's property in the Llamara area through the Molle Verde project.

Under the agreement, Eramet will undertake a phased exploration program carried out over the next three to four years. With the completion of each phase, Eramet would increase its share capital in the joint venture that holds the mining tenements, potentially acquiring up to 70 per cent by the end of phase three, with an option for 100-per-cent equity.

Lithium Chile would be entitled to a bonus preagreed by the parties, based on the amount of lithium carbonate equivalent resources delineated, in accordance with a completed NI 43-101 or similar instrument. Details of the earn-in terms and the success bonus are confidential to maintain competitive advantage.

Steve Cochrane, president and chief executive officer of Lithium Chile, commented: "Eramet's unparalleled expertise and credibility significantly strengthen our standing in the mineral industry. This partnership underscores our shared commitment to advancing sustainable mineral projects in Chile. We look forward to leveraging their capabilities to maximize the potential of our Chilean properties. The joint venture with Eramet also reinforces that Lithium Chile's portfolio of lithium projects in Chile have significant potential value that isn't currently being reflected in the company's valuation."

About Lithium Chile Inc.

Lithium Chile is an exploration company with a portfolio of 11 properties spanning 107,936 hectares in Chile and 29,245 hectares on the Salar de Arizaro in Argentina. The company has successfully advanced its Arizaro project with the completion of an NI 43-101-compliant resource report followed by a preliminary economic assessment and then a prefeasibility study, all of which are accessible on Sedar+ under Lithium Chile's profile.

About Eramet

Eramet transforms the Earth's mineral resources to provide sustainable and responsible solutions to the growth of the industry and to the challenges of the energy transition. Its employees are committed to this through their civic and contributory approach in all the countries where the mining and metallurgical group is present. Manganese, nickel, mineral sands and lithium: Eramet recovers and develops metals that are essential to the construction of a more sustainable world.

We seek Safe Harbor.