Mr. Steven Cochrane reports

LITHIUM CHILE RECEIVES US $5 MILLION DEPOSIT TOWARD SALE OF SALAR DE ARIZARO PROJECT, ARGENTINA

Lithium Chile Inc. has received a $5-million (U.S.) deposit from China Union Holdings Ltd. in connection with the previously announced sale of its Arizaro project through the disposition of the company's Argentine subsidiary, Argentum Lithium SA.

The deposit has been received in satisfaction of one of the closing conditions under the transaction and is being held in trust, subject to the terms of the definitive share purchase agreement, until the remaining closing conditions are satisfied. Upon satisfaction of such conditions, the deposit will be released in accordance with the transaction terms.

Steve Cochrane, president of Lithium Chile, commented: "The receipt of this deposit reflects China Union Holdings' clear commitment to completing the transaction. Work across regulatory, technical and closing matters continues to progress as planned, with both parties moving efficiently toward satisfying the remaining conditions. We are encouraged by the pace of progress and remain focused on moving efficiently toward completing the transaction by midyear, subject to customary approvals."

The company is currently advancing procedural steps required to complete the transaction, including the preparation and distribution of an information circular to shareholders in connection with the required shareholder meeting. As stipulated in the definitive agreement, closing is scheduled for June, 2026. The transaction remains subject to customary closing conditions, including regulatory approvals under applicable foreign investment and securities laws.

Chilean developments

Lithium Chile also notes the coming installation of the new government in Chile on March 1, 2026. The company is encouraged by indications that the new administration intends to prioritize regulatory efficiency, investment certainty and responsible resource development. Having obtained a special lithium operating contract for its Coipasa project in 2025, Lithium Chile has demonstrated its ability to advance projects within Chile's regulatory framework. Anticipated policy reforms and streamlined permitting processes are expected to further support the timely advancement and development of the company's Chilean lithium portfolio. The company continues to engage constructively with relevant authorities and will monitor developments closely as these reforms are implemented.

About Lithium Chile Inc.

Lithium Chile is an exploration company with a portfolio of 11 properties spanning 106,136 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, preliminary economic assessment and prefeasibility study, which are all 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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