Mr. Steven Cochrane reports

LITHIUM CHILE ANNOUNCES CLOSING OF $7,975,000 LIFE OFFERING

Further to the news releases of Lithium Chile Inc. dated Sept. 17, 2025, Sept. 18, 2025, and Sept. 24, 2025, the company has closed its previously announced brokered private placement with Canaccord Genuity Corp., acting as lead agent and sole bookrunner on behalf of a syndicate of agents including Moneta Securities (Alberta) Corp. The company issued 15.95 million units of the company at a price of 50 cents per unit for aggregate proceeds of $7,975,000, including the exercise in full of the agent's option.

Steven Cochrane, the president and chief executive officer of the company, said, "We are pleased to close this well-supported offering, which provides important capital to advance our high-potential projects and create long-term value for our shareholders."

Each unit consists of one common share in the capital of the company and one common share purchase warrant of the company. Each warrant entitles the holder thereof to acquire one common share of the company at a price of 70 cents per warrant share for a period of five years from the closing date of the offering.

The units were sold pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions) as amended by Coordinated Blanket Order 45-935. The units are immediately freely tradable under applicable Canadian securities legislation for Canadian purchasers. The offering is subject to certain conditions, including, but not limited to, the receipt of all required regulatory approvals, including final approval of the TSX Venture Exchange.

As consideration for acting as agents, the agents received: (i) a cash commission equal to 8.0 per cent of the gross proceeds of the offering (other than in respect of certain sales on a president's list, in which case a cash commission of 4.0 per cent was paid); and (ii) 1,142,000 broker warrants composed of 8.0 per cent of the aggregate number of units issued pursuant to the offering (other than in respect of sales to purchasers on the president's list, in respect of which the agents received broker warrant equal to 4.0 per cent). Each broker warrant entitles the holder thereof to purchase one common share at a price of 50 cents for a period of 24 months from today. The broker warrants and underlying broker warrant shares will be subject to a statutory hold period of four months and one day.

Insiders of the company subscribed for a total of 200,000 units for aggregate gross proceeds of $100,000. The participation of insiders in the offering constitutes a related-party transaction, within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the related-party participation in the offering as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the interested party, exceeded 25 per cent of the company's market capitalization (as determined under MI 61-101).

The company intends to use the proceeds from the offering to advance the company's existing mineral properties in Argentina and Chile, for general and administrative expenses, and for working capital purposes, as outlined in the company's amended and restated offering document under the listed company financing exemption dated Sept. 24, 2025.

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, a preliminary economic assessment and then a prefeasibility study, all of which are accessible at SEDAR+ under Lithium Chile's profile.

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

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