Mr. Nikolaos Cacos reports

ARGENTINA LITHIUM ANNOUNCES AMENDMENT TO THE TERMS OF THE NON-BROKERED PRIVATE PLACEMENT USING THE LISTED ISSUER FINANCING EXEMPTION ("LIFE")

Argentina Lithium & Energy Corp. is amending the terms of the company's previously announced non-brokered private placement for the sale of (i) a minimum of eight million units of the company at a price of 15 cents per unit for aggregate gross proceeds of $1.2-million; and (ii) a maximum of 23,333,334 units at the offering price for aggregate gross proceeds of $3,500,000.10. Red Cloud Securities Inc. will be acting as a finder in connection with the offering.

Each unit will consist of one common share in the capital of the company and one transferrable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share at an exercise price of 20 cents per warrant share for a period of three years following the issue date of the unit.

"While we received a substantial investment from Stellantis last October, 2023, those funds have been earmarked for our drilling and exploration activities on our projects in Argentina. A prepaid drilling services contract for up to 15,500 metres secured last October for just over $51-million ensures that all upcoming drill programs for the next couple of years are fully funded," stated Nikolaos Cacos, president and chief executive officer. "The current financing will ensure that our corporate activities will keep pace with our ongoing exploration programs." Please contact Shawn Perger at 1-604-687-1828 or toll-free 1-800-901-0058

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 (Prospectus Exemptions), the units will be offered for sale to purchasers resident in Canada other than Quebec and in certain offshore jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The units may also be sold in certain other jurisdictions pursuant to applicable securities laws. The common shares issuable from the sale of units sold under the listed issuer financing exemption are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada, subject to any hold period imposed by the TSX Venture Exchange on the securities issued to certain purchasers. There is an amended and restated offering document relating to the offering that can be accessed under the company's profile and on the company's website. Prospective investors should read this offering document before making an investment decision.

Closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including but not limited to, the approval of the exchange. Directors, officers and employees of the company may participate in a portion of the offering and any securities issued to such directors and officers are subject to the exchange's four-month hold period. A commission may be paid to arm's-length finders on a portion of the offering. The company intends to use the proceeds of the offering for exploration programs on the company's projects in Argentina and for general working capital.

About Argentina Lithium & Energy Corp.

Argentina Lithium & Energy 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 70,000 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.