Mr. R. Nick Horsley reports

AMERICAN SALARS CLOSES NON-BROKERED PRIVATE PLACEMENT

American Salars Lithium Inc. has closed its non-brokered private placement for gross proceeds of $175,000 through the issuance of 1,666,666 units at a price of 10.5 cents per unit.

Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at a price of 14 cents per share for a period of 24 months from the date of issuance.

The net proceeds from the financing will be used to advance the company's exploration programs and for general working capital purposes.

All securities issued pursuant to the private placement will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws.

About American Salars Lithium Inc.

American Salars Lithium is an exploration company focused on exploring and developing high-value battery metals projects to meet the demands of the advancing electric vehicle market.

We seek Safe Harbor.