Mr. Nikolaos Cacos reports

ARGENTINA LITHIUM ENTERS INTO AMENDMENT TO PREVIOUSLY EXECUTED PASO DE SICO OPTION AGREEMENT

Argentina Lithium & Energy Corp. has entered into an amendment to a previously announced option agreement. The amendment modifies the payment schedule and establishes the value of shares the company is obligated to issue pursuant to the exercise of the option under the option agreement.

On Sept. 20, 2022, Argentina Litio Y Energia SA, a wholly owned subsidiary of the company, entered into an option agreement with nine individual optionors. The Paso de Sico option agreement contains an option for ALE to acquire a 100-per-cent interest in four contiguous mine concessions totalling 791.3 hectares at the Salar de Rincon from the Paso de Sico optionors. To exercise the Paso de Sico option, ALE must make cash payments to the Paso de Sico optionors totalling $1.5-million (U.S.) paid over three years. On March 25, 2025, the Paso de Sico parties entered into a second addendum to the Paso de Sico agreement amending the due date of the fifth and final cash payment of $418,000 (U.S.) from March 31, 2025, to Sept. 30, 2025, in exchange for ALE agreeing to pay the Paso de Sico optionors an additional $41,800 (U.S.) extension fee. Subject to the approval of the TSX Venture Exchange and pursuant to the terms of the amendment, the company intends to pay the extension fee by issuing an aggregate of 995,954 shares of the company to the Paso de Sico optionors at a price of six cents per share using the Bank of Canada exchange rate of 1.4296 (U.S. dollar to Canadian dollar) as at March 25, 2025, being the date of the second addendum.

About Argentina Lithium & Energy Corp.

Argentina Lithium is focused on acquiring high-quality lithium projects in Argentina and advancing them toward production to meet the growing global demand from the battery sector. The company's 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.

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