Mr. R. Nick Horsley reports

AMERICAN SALARS ANNOUNCES A 10 FOR 1 SHARE CONSOLIDATION

American Salars Lithium Inc. will be seeking the Canadian Securities Exchange approval to consolidate all of its issued and outstanding common shares on the basis of 1:10, with each 10 preconsolidated common shares being consolidated into one postconsolidated common share. In accordance with the company's articles, shareholder approval will not be required for the share consolidation. The share consolidation has been approved by the company's board of directors.

The share consolidation would result in the number of issued and outstanding common shares being reduced from the current outstanding 36,130,605 common shares to approximately 3,613,060 common shares. The company also has outstanding warrants in the amount of 3.5 million reserved for issuance, equal to approximately 350,000 common shares on a post consolidation basis and stock options to purchase 3.62 million common shares reserved for issuance, equal to 326,000 common shares on a postconsolidation basis.

No fractional shares will be issued as a result of the share consolidation. Any fractional shares resulting from the share consolidation will be rounded down to the next whole common share, and no cash consideration will be paid in respect of fractional shares.

The company's board of directors believes that the share consolidation will provide the company with greater flexibility for the continued development of its business and the growth of the company, including financing arrangements. There is no change of business associated or being effected with respect of the share consolidation. In addition, the company will not be changing its name or stock symbol during the share consolidation.

The company will issue a further news release announcing the effective date with the new Cusip number and ISIN (international securities identification number).

About American Salars Lithium Inc.

American Salars Lithium is an exploration company focused on exploring and developing high-value battery metals projects to meet the demands of the advancing electric vehicle market.

We seek Safe Harbor.