Mr. Steven Cochrane reports

LITHIUM CHILE PROVIDES CLARIFICATION ON THE TIMING OF THE SPECIAL MEETING TO APPROVE ARIZARO TRANSACTION

Lithium Chile Inc. has clarified the timing of its annual general and special shareholder meeting, referenced in its press release dated Jan. 14, 2026.

The company confirms that May 15, 2026, is the intended date for Lithium Chile's annual general meeting and special meeting to address routine matters which is also intended to provide details pertaining to the substantial issuer bid referred to in the Jan. 14, 2026, press release.

However, Lithium Chile wishes to clarify that immediately upon receipt of required regulatory approvals, a special meeting of Lithium Chile's shareholders will be called to seek approval for the transaction involving the sale of the Arizaro asset.

All required regulatory filings have been submitted by Lithium Chile in Canada and by China Union Holdings in China. Both parties are advancing the closing process diligently toward closing the $175-million (U.S.) (approximately $248-million) transaction. Lithium Chile will continue to provide regular updates to shareholders as the process progresses.

In addition, Lithium Chile is pleased to announce that it has received repayment in full of the $1-million (U.S.) principal loan previously advanced to San Lorenzo Gold. This repayment has been added to the company's cash balance, which now exceeds $5-million (U.S.), further strengthening Lithium Chile's financial position as it advances toward closing the transaction.

About Lithium Chile Inc.

Lithium Chile is an exploration company with a portfolio of 11 properties spanning 106,136 hectares in Chile and 29,245 hectares on the Salar de Arizaro in Argentina. The company has successfully advanced its Arizaro project with the completion of National Instrument 43-101-compliant resource report, preliminary economic assessment and prefeasibility study, which are all accessible on SEDAR+ under Lithium Chile's profile.

Lithium Chile's common shares are listed on the TSX Venture Exchange under the symbol LITH and on the OTCQB under the symbol LTMCF.

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