Mr. Nikolaos Cacos reports

ARGENTINA LITHIUM ANNOUNCES CLOSING OF C$4.4 MILLION BROKERED LIFE PRIVATE PLACEMENT

Argentina Lithium & Energy Corp. has closed its previously announced best effort private placement for aggregate gross proceeds of $4,379,200.08, which includes the partial exercise of the agent's option. Pursuant to the offering, the company sold 36,493,334 units of the company at a price of 12 cents per unit. Red Cloud Securities Inc. acted as sole agent and bookrunner under the offering.

Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of 16 cents any time after May 9, 2026, to March 10, 2029.

The company intends to use the net proceeds from the offering for the exploration and advancement of the company's Rincon West lithium project in Argentina and for working capital and general corporate purposes, as is more fully described in the amended offering document (as herein defined).

In accordance with National Instrument 45-106 (Prospectus Exemptions), the units were issued to Canadian purchasers pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, as amended by Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption). The securities issuable from the units issued to Canadian purchasers are immediately freely tradable in accordance with applicable Canadian securities legislation, subject to any restriction on transfer imposed by the policies of the TSX Venture Exchange.

As consideration for its services, Red Cloud received a cash fee of $289,044 and 2,408,700 non-transferable common share purchase warrants. Each broker warrant is exercisable into one common share at the offering price at any time on or before March 10, 2029. The broker warrants and any common shares issuable upon any future exercise of the broker warrants will be subject to a hold period in Canada in accordance with applicable Canadian securities law, expiring on July 11, 2026.

There is an amended and restated offering document related to the offering that can be accessed under the company's profile at SEDAR+ and on the company's website.

The closing of the offering remains subject to the final approval of the TSX-V.

Multilateral Instrument 61-101

Pursuant to the offering, the company has issued an aggregate of 380,000 units to certain insiders of the company, constituting, to that extent, a related-party transaction as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the insiders' participation in the offering in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the offering, nor the securities issued in connection therewith, insofar as the offering involves the insiders, exceed 25 per cent of the company's market capitalization. The company did not file a material change report more than 21 days before the expected closing of the offering as the details of the offering and the participation therein by the insiders were not settled until recently, and the company wished to close on an expedited basis for sound business reasons.

About Argentina Lithium & Energy Corp.

Argentina Lithium is focused on acquiring high-quality lithium projects in Argentina and advancing them toward production to meet the growing global demand from the battery sector. The company's strategic investment by Peugeot Citroen Argentina SA, a subsidiary of Stellantis NV, one of the world's leading automakers, places Argentina Lithium in a unique position to explore, develop and advance its four key projects covering over 70,000 hectares in the Lithium Triangle of Argentina. Management has a long history of success in the resource sector of Argentina and has assembled some of the most prospective lithium properties in the world-renowned Lithium Triangle. The company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

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