Mr. Nikolaos Cacos reports

ARGENTINA LITHIUM REPORTS GEOPHYSICAL SURVEY ADDS NEARLY 600 HECTARES OF POTENTIAL BRINE AQUIFER AT RINCON WEST PROJECT AND PLANS ADDITIONAL DRILLING

Argentina Lithium & Energy Corp. has completed geophysical surveys at its Don Fermin property, part of the company's Rincon West lithium project in Salta province, Argentina. The results of these deep-seeking geophysical studies expand the potential extent of conductive brine aquifers at the project by nearly 600 hectares and have provided targets for a new six-hole drill program at the project, for which permitting is under way.

The property covers 1,456 hectares on the eastern flank of the Salar de Rincon, approximately 19 kilometres east of the company's main Rincon West property block. The block is located adjacent to Rio Tinto's Rincon Project and 1.1 kilometres northeast of Argosy Minerals' Rincon project.

A total of 24.2 line kilometres of transient electromagnetic (TEM) sounding surveys were completed. The surveys provide electrical resistivity data capable of detecting and delineating conductive strata potentially associated with concentrated lithium brines. TEM soundings are an advanced reconnaissance technique frequently employed in the exploration of lithium salars, and the method was successful at delineating the potential brine aquifer for drill targeting at the company's Rinconcita II and Villanoveno II properties, where all holes drilled to date have intersected significant intervals of lithium-bearing brine (see the company's news releases filed on SEDAR+ and the company's website for details).

"The TEM survey is a powerful tool that once again has provided us with excellent information for targeting. We are excited to move towards drilling at Don Fermin and to potentially define a second area for lithium resource delineation in the future," stated Miles Rideout, vice-president of exploration.

The TEM surveys, data modelling and presentation were completed by the Argentine subsidiary of Toronto-based Quantec Geoscience Ltd. Quantec is a recognized leader in the industry, with experience spanning over 40 countries with over 5,000 geophysical projects. Quantec has considerable experience in the provision of geophysical services for the evaluation of salars in the Puna region of Argentina.

A total of 129 soundings were completed at 200-metre intervals along eight east-west lines and three north-south lines. Data were acquired with a Geonics Ltd. Protem system operated in centre-loop sounding mode with 200-metre transmitter loops. The sounding data were recorded at 2.5-hertz and 25-hertz repetition rates. The data were modelled with 1-D resistivity-depth inversions, which were compiled as 2-D resistivity transects of the project. The maximum depth of investigation varied from 200 metres to as much as 1,200 metres below surface.

Based on published drill data and geophysics from similar salar projects, the company expects prospective aquifer zones to exhibit resistivities below approximately five ohm-metres. Brine-rich porous units are expected to produce resistivities on the order of one ohm-metre.

Qualified person

Frits Reidel, CPG, is a qualified person as defined in National Instrument 43-101, is the principal of Atacama Water Consultants and is independent of Argentina Lithium. Mr. Reidel has reviewed the work carried out by the company's exploration team at the exploration-stage Rincon West property. The disclosure in this news release has been reviewed and approved by Mr. Reidel.

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.

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