Mr. Adrian Hobkirk reports

FIRST PRODUCTION WELL INSTALLED AT HMN LI PROJECT

The first production well at Lithium South Development Corp.'s Hombre Muerto North (HMN) lithium project, located in Salta province, Argentina, has been installed. The well has been drilled to a depth of 60 metres and is now being cased and screened. A pump test will begin immediately upon hole development. Hole depth was determined by lithological history and at-site drilling observations.

The company is issuing a request for quotation (RFQ) for the exploration of the Sophia II and Sophia III claim blocks. The RFQ is for the drilling of one or two test wells to confirm the presence of a suitable and sustainable water source. A previous VES (vertical electrical sounding) detected saturated sediments within the zone of interest. Water is a critical reagent for the production of lithium carbonate. Located approximately 10 kilometres north of the HMN lithium project area, the claim group is in close proximity to any future lithium production development.

About Lithium South Development Corp.

Lithium South owns 100 per cent of the Hombre Muerto North lithium project, located in Salta and Catamarca provinces, 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, in an area just south of the HMN lithium project. The HMN lithium project is surrounded by a $4-billion (U.S.) lithium development under construction by POSCO (Korea) and the Sal de Vida project under development by Livent/Allkem. As disclosed in a news release dated Sept. 12, 2023, Lithium South has delineated a National Instrument 43-101 compliant 1,583,100-tonne lithium carbonate equivalent (LCE) resource on the Alba Sabrina, Natalia Maria and Tramo claim blocks, three of five non-contiguous blocks that make up the HMN lithium project. An NI 43-101 technical report is under preparation by Groundwater Insight of Halifax, N.S., Canada, and is expected to be filed on or before Oct. 31, 2023. A pumping/production well drilling campaign is now under way. Lithium South is transitioning from being a lithium explorer to becoming a lithium developer.

William Feyerabend, CPG, a consulting geologist and a qualified person under NI 43-101, contributed to the production of this press release and approves of the technical and scientific information contained herein.

We seek Safe Harbor.