Mr. Steven Cochrane reports

LITHIUM CHILE PRE-AWARDED CHASCHA SUR CONCESSION ADJACENT TO ARIZARO PROJECT, SECURING KEY WATER RESOURCE

Lithium Chile Inc. has been preawarded the "Mining Tender No. 03/24 for the Study, Prospecting, Exploration and eventual Exploitation of the Exclusive Zones of Special Interest Chascha Sur -- Salar de Arizaro," located in the province of Salta, Argentina.

This important advancement represents a strategic milestone for the company as the Chascha Sur block is adjacent to its flagship Arizaro project and hosts a freshwater resource critical to a future production plant. The anticipated concession of Chascha Sur by REMSa (Recursos Energeticos y Mineros de Salta SA) enhances the technical and economic viability of the Arizaro development, positioning it to meet its long-term production and sustainability goals. Currently, two applications for water use, submitted by the company, are under review by the corresponding authority, the Secretariat of Water Resources of the province of Salta.

"We are extremely pleased with the outcome of this tender," commented Michelle DeCecco, vice-president and chief operating officer of Lithium Chile. "The Chascha Sur block not only complements our existing footprint on the Arizaro salar, but it directly addresses one of the most vital elements of any lithium production operation freshwater, subject to its future granting by the Secretariat of Water Resources. This development underscores the project's valuation and reinforces it as a compelling acquisition opportunity."

The tender was conducted by REMSa, the provincial energy and mining corporation through a public and competitive process. Lithium Chile's strong technical proposal and proven record of responsible exploration and development were key to its success.

The company is preparing for the formal award and will provide further updates as the process advances.

For competitive reasons, details will be released at a future date.

About Lithium Chile Inc.

Lithium Chile is an exploration company with a portfolio of 11 properties spanning 107,936 hectares in Chile and 29,245 hectares on the Salar de Arizaro in Argentina. The company has advanced its Arizaro project with the completion of a National Instrument 43-101-compliant resource report followed by a preliminary economic assessment and then a prefeasibility study, all of which are accessible on SEDAR+ under Lithium Chile's profile.

Lithium Chile's common shares are listed on the TSX Venture Exchange under the symbol LITH and on the OTCQB under the symbol LTMCF.

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