Mr. Adrian Hobkirk reports

LITHIUM SOUTH ANNOUNCES CORPORATE UPDATE

Lithium South Development Corp. has provided the following corporate updates:

The company has granted 400,000 stock options exercisable at 32.5 cents for a five-year term to a director of the company. These options will vest immediately.

The company has granted one million options exercisable at 32.5 cents for a five-year term to an investor relations service provider. These options will vest as per TSX Venture Exchange policy for investor relations service providers.

The company has retained Bryce McNallie of Calgary, Alta., as a consultant to the company to assist with brand awareness and advertising. Mr. McNallie has extensive experience in this field, including his role as director of channel enablement at Shaw Direct. The contract is for a term of 12 months starting on Nov. 15, 2023. The company has agreed to remunerate the consultant a fee of $2,500 per month plus 50,000 options exercisable at 32.5 cents for a five-year term that will vest as per exchange policy for investor relations service providers. Mr. McNallie is not currently a shareholder of the company.

The agreement and the remuneration payable to Mr. McNallie remain subject to the approval of the exchange.

Further to the press release issued on Aug. 10, 2023, the company wishes to clarify that as per the terms of the agreement with Equedia Network Corp., the $350,000 (U.S.) contract was paid in full at the commencement of the project.

About Lithium South Development Corp.

Lithium South owns 100 per cent of the Hombre Muerto North lithium project (HMN Li 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 Li project. The HMN Li 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 Allkem. 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 Li project. Pumping/production well installation is now under way along with evaporation testing. Lithium South is now transitioning from being a lithium explorer to becoming a lithium developer.