Mr. Ali Rahman reports

LEXI BEGINS LITHIUM DRILLING IN ANTOFALLA NORTH

Lithium Energi Exploration Inc. has commenced its Antofalla North project drilling campaign. This significant milestone marks the start of a new chapter in Lithium Energi's journey to provide the lithium needed to actually build the green energy economy.

The drilling campaign, led by Dr. Gerardo Romero Aguero, president of Lithium Energi Argentina (LEA) SA and Lithium Energi director, has already reached the first 40 metres of the anticipated 400-metre well, with a state-of-the-art Boart Longyear LF90D smart drill. Initial fluid samples were obtained and are now being sent to Alex Stewart Laboratories to yield a complete spectroscopic analysis of brine chemistry and lithium concentrations.

"We are optimistic about the potential of the Antofalla North project," said Mr. Aguero. "The speed and quality of the work undertaken by our campaign team are highly encouraging, and our commitment to safety, environmental care, community relations and compliance with international quality standards is unwavering."

The drilling campaign is being executed by a highly experienced, hyperlocal team, ensuring the best possible understanding of the Antofalla salar and its potential. The operation is being carried out entirely by companies from Catamarca, demonstrating Lithium Energi's commitment to local empowerment and responsible practices.

In line with its commitment to the local community through infrastructure development, Lithium Energi has provided a new generator with greater capacity to the community of Antofalla. This initiative, coupled with the improvement and maintenance of over 22 kilometres of local roads, facilitates Lithium Energi's operations and significantly benefits local residents, tourists and other companies in the area. These roads also provide access to other Lithium Energi properties in the Antofalla North project.

Lithium Energi's chief executive officer, Ali Rahman, added: "This is a proud moment for LEXI. The commencement of drilling in under 90 days from takeover by new management underscores the company's capacity to not only implement the company's green energy strategy but, more importantly, to execute it. We are confident that 2023 will be a breakout year for LEXI as we continue to drill our impressive portfolio of properties in the Antofalla salar."

At its conclusion and based on the data obtained from the brine and core samples and pump tests, the campaign is expected to yield a National Instrument 43-101 resource estimate, which the company believes could be ready for publication as early as Q4 of 2024. The technical content of this news release has been reviewed and approved by Murray Brooker, RP, geoscientist 10,086, a consultant of the company, and a qualified person as defined by National Instrument 43-101.

About Lithium Energi Exploration Inc.

Lithium Energi Exploration is an exploration company focused on the acquisition, exploration and development of lithium brine assets in Argentina. Headquartered in Toronto, Ont., with offices in Catamarca, Argentina, the company's shares are listed on the TSX Venture Exchange, the Frankfurt Stock Exchange and the U.S. over-the-counter market. Lithium Energi's portfolio of prospective lithium brine concessions in the Argentina province of Catamarca (heart of the lithium triangle) includes approximately 57,000 hectares and a 20-per-cent interest in Triangle Lithium Argentina SA, which owns an additional 15,000 hectares -- all located in and around the Antofalla salar, one of the largest basins in the region, which is over 130 kilometres long and up to 20 km across. Lithium Energi is committed to innovation, sustainability and quality, striving to differentiate itself from other players in the industry to maximize its potential for success.

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