Mr. Adrian Hobkirk reports

LITHIUM SOUTH ANNOUNCES RESULTS OF ITS ANNUAL AND SPECIAL MEETING OF SECURITYHOLDERS

Lithium South Development Corp. has released the results of its annual general and special meeting of securityholders held on Feb. 19, 2026.

The shareholders voted in favour of all items of business presented at the meeting, including: (i) the arm's-length sale by the company of all of the issued and outstanding shares of its wholly owned subsidiary, NRG Metals Argentina S.A., which holds a 100-per-cent ownership interest in the company's Hombre Muerto North lithium property located in Salta province, Argentina, (ii) the plan of arrangement (the going private arrangement), (iii) the election of directors, (iv) the appointment of Davidson & Company LLP, chartered professional accountants, as auditor, and (v) the reapproval of the option plan. Shareholders voted 74.47 per cent in favour of the sale of subsidiary and 87.74 per cent in favour of the going private arrangement. In addition, all of the securityholders of the company which includes the shareholders, the holders of incentive stock options and holders of common share purchase warrants collectively voted 48.10 per cent in favour of the going private arrangement.

A total of 64,932,858 votes were cast by holders of common shares representing 51 per cent of the total issued and outstanding shares as of Jan. 5, 2026, the record date for the meeting.

Adrian Hobkirk, president and chief executive officer of the company, states: "The company expects to receive the final order from the Supreme Court of British Columbia shortly regarding the going private arrangement. The closing date of the sale of subsidiary and the effective date of the going private arrangement will be scheduled in March, 2026, including the payout of the cash consideration pursuant to the plan of arrangement, and will be announced in a further news release, subject to the final approval of the TSX Venture Exchange.

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