Mr. Adrian Hobkirk reports

LITHIUM SOUTH ANNOUNCES CANCELLATION OF OPTIONS

Effective immediately, Lithium South Development Corp. has cancelled 1.7 million incentive stock options granted to certain directors, officers and consultants of the company on Jan. 28, 2022.

About Lithium South Development Corp.

Lithium South owns 100 per cent of the Hombre Muerto North lithium project located in Salta province, Argentina, the heart of the lithium triangle. The Hombre Muerto salar has a history of lithium production with Livent Corp. in operation for over 25 years just south of the HMN Li project. The HMN Li project is surrounded by a $4-billion (U.S.) lithium development under way by POSCO (Korea) and the Sal de Vida project under development by Allkem. Lithium South has delineated a National Instrument 43-101 571,000-tonne lithium carbonate equivalent (LCE) resource on the Tramo claim block, one of five non-contiguous blocks that make up the HMN Li project. Recent drilling on the Alba Sabrina and Natalia Maria claim blocks has identified additional lithium zones that will allow a new and potentially larger LCE resource to be defined. Lithium South is now transitioning from being a lithium explorer to becoming a lithium developer.

The technical and scientific information in this press release was reviewed and approved by William Feyerabend, CPG, a consulting geologist and a qualified person under National Instrument 43-101, who also participated in its production.