Mr. Nikolaos Cacos reports

ARGENTINA LITHIUM APPLIES TO EXTEND WARRANTS

Argentina Lithium & Energy Corp. has made an application to the TSX Venture Exchange to extend the term of the outstanding warrants as follows:

• 16.63 million warrants that are set to expire on Aug. 11 and Aug. 25, 2024, will be extended to Aug. 11 and Aug. 25, 2027, respectively. These warrants were originally issued under a private placement completed by the company in two tranches in August, 2022.

• The exercise price of the warrants will remain at 38 cents. Each warrant, when exercised, will be exchangeable for one common share of the company.

The company further reports that 9.1 million of the 16.63 warrants are held by insiders of the company. As such, the extension of such warrants constitutes, to that extent, a "related party transaction" within the meaning of Exchange Policy 5.9 and Multilateral Instrument 61-101 -- Protection of Minority Shareholders. The company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 (and Exchange Policy 5.9), as the fair market value of the warrants held by the insiders does not exceed 25 per cent of the market capitalization of the company.

The amendment is subject to the approval of the TSX Venture Exchange.

About Argentina Lithium & Energy Corp.

Argentina Lithium is focused on acquiring high-quality lithium projects in Argentina and advancing them toward production in order to meet the growing global demand from the battery sector. The company's recent strategic investment by Peugeot Citroen Argentina SA, a subsidiary of Stellantis NV, one of the world's leading automakers, places Argentina Lithium in a unique position to explore, develop and advance its four key projects covering over 67,000 hectares in the Lithium Triangle of Argentina. Management has a long history of success in the resource sector of Argentina and has assembled some of the most prospective lithium properties in the world-renowned "Lithium Triangle." The company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

We seek Safe Harbor.