Mr. Steven Cochrane reports

LITHIUM CHILE ANNOUNCES 2022 WARRANTS EXTENDED

Lithium Chile Inc. intends to extend the expiry date of an aggregate of 5,774,279 outstanding common share purchase warrants issued by the company as part of a unit of the company in connection with a non-brokered private placement announced on Dec. 21, 2021, and further amended on Jan. 24, 2022. The company proposes to extend the expiry date of the warrants to June 30, 2024.

The extension is subject to approval by the TSX Venture Exchange. The company intends to issue an updated news release upon receipt, if any, of the warrant extension approval.

About Lithium Chile Inc.

Lithium Chile is an exploration and lithium resource company with a property portfolio consisting of 111,978 hectares in Chile and 29,245 hectares in Argentina. The company has filed its National Instrument 43-101 report and preliminary economic assessment, which can be viewed on the company's profile at SEDAR+.

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