Mr. Ian Stalker reports

LSC LITHIUM ANNOUNCES RIGHTS OFFERING FOR C$9.2 MILLION AND UPDATE ON STRATEGIC REVIEW

LSC Lithium Corp. plans to complete a rights offering to the holders of common shares of LSC for gross proceeds of approximately $9.2-million.

Pursuant to the rights offering, each shareholder as of the record date will be issued 0.16142 of one right for each share held on the record date, entitling the holder to purchase one unit of the company for each right at a price of 40 cents per unit. Each unit shall comprise one share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to purchase one share at a price of 55 cents for a period of 18 months from closing of the rights offering.

The rights will trade on the TSX Venture Exchange and any shareholder can subscribe not only for its pro rata share of the rights offering but can take up additional shares which are unsubscribed for under the terms set out in the circular.

The net proceeds from the planned rights offering will be used by the company to support continuing development activities at the company's three major projects, the Pozuelos-Pastos Grandes project (the PPG project), the Rio Grande project and the Salinas Grandes project, as well as for general working capital purposes. In particular, a comprehensive development and engineering program on the PPG project is currently under way in support of completing a preliminary economic assessment by the end of Q4 2018. In addition, funds will also be allocated to an exploration program on the Rio Grande project for the purpose of delivering an updated resource statement and for further exploration work on LSC's Salinas Grandes project with a view to completing a maiden mineral resource.

Under the terms of the rights offering, LSC is planning to offer an aggregate amount of up to 22,988,000 units and each eligible holder will receive 0.16142 of one right for each share held. The company has standby commitments in place from Regent Mercantile Holdings Ltd. and BMC Global Ltd., both significant shareholders of LSC, which will guarantee $2.6-million each so that at least $5.2-million will be raised under the rights offering. More details on the rights offering will be set out in a rights offering notice and rights offering circular, both of which will be available under LSC's SEDAR profile. The rights offering notice and accompanying rights certificate will be mailed to eligible shareholders as at a record date to be determined by the company.

The rights offering will be conducted in Canada only. However, certain approved eligible holders of shares in jurisdictions outside of Canada may be able to participate in the rights offering. Information about holders of LSC's common shares that reside outside of Canada will be included in the rights offering notice and rights offering circular.

The rights offering is subject to regulatory approval, including the approval of the TSX-V. The company has obtained conditional approval from the TSX-V.

Update on strategic review

Further to its press release dated June 25, 2018, LSC is continuing to work with its financial advisers, BMO Capital Markets and a wholly owned subsidiary of Haitong International Securities Group Ltd., to explore and review a wide variety of strategic alternatives with the objective of enhancing shareholder value. Currently LSC is in continuing discussions regarding a number of material alternative transactions, including the possible sale of the company as a whole and the sale of some of LSC's core projects. LSC is also pursuing joint ventures of its projects. While LSC is continuing to work diligently on these opportunities, it should be noted that LSC has not entered into any definitive or binding arrangements and there is no certainty that any of these discussions will lead to definitive agreements. LSC will continue to provide updates on any material developments respecting its strategic review.

About LSC Lithium Corp.

LSC Lithium has amassed a large portfolio of prospective lithium-rich salars and is focused on developing its material projects: Pozuelos and Pastos Grandes project, Rio Grande project and Salinas Grandes project. All LSC tenements are located in the Lithium Triangle, an area at the intersection of Argentina, Bolivia and Chile where the world's most abundant lithium brine deposits are found. LSC Lithium has a land package portfolio totalling approximately 300,000 hectares, which represents extensive lithium prospective salar holdings in Argentina.

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