11:55:23 EDT Tue 09 Sep 2025
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Sali Lithium Corp
Symbol SALI
Shares Issued 50,752,325
Close 2025-09-08 C$ 0.16
Market Cap C$ 8,120,372
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Sali Lithium enters LOI to option La Esperanza

2025-09-08 21:05 ET - News Release

Mr. Dustin Nanos reports

SALI LITHIUM SIGNS LETTER OF INTENT TO ACQUIRE UP TO 100% OF THE HIGH GRADE LA ESPERANZA GOLD PROJECT IN RIO NEGRO PROVINCE, ARGENTINA

Sali Lithium Corp. has signed a letter of intent with Valcheta Exploraciones SAS to acquire an up-to-100-per-cent interest in La Esperanza project, a highly prospective gold-silver property located in Rio Negro province, Argentina.

Property highlights:

  • Historically reported results*:
    • Channel sample highlights include 2.0 metres at 24.0 grams per tonne gold, 5.0 metres at 13.1 g/t Au, 1.3 metres at 11.5 g/t Au, 3.0 metres at 4.4 g/t Au, 0.2 metre at 99.0 g/t silver and 2.8 per cent copper, 1.2 metres at 129.0 g/t Ag and 3.5 per cent Cu, and 0.3 metre at 52.0 g/t Ag; and
    • Rock chips up to 24.4 g/t Au;
  • Covers 44,400 hectares of year-round workable terrain in Los Menucos district within the Nordpatagonian massiff, a region known for hosting high-grade precious metal deposits;
  • Located in a geologically favourable region with known gold and silver mineralization and just two kilometres from a highway with gentle slope terrain and excellent access;
  • Adjacent to ready-to-drill target held by Southern Copper, highlighting the district's active exploration environment.

* Results have been historically reported and have not been verified by an independent qualified person.

Option terms

Sali may earn an up-to-100-per-cent interest in the property through a staged option agreement consisting of cash and exploration expenditures.

Dustin Nanos, chief executive officer of Sali, commented: "The La Esperanza project represents a strategic expansion of our footprint in Argentina. With its extensive vein systems, high-grade occurrences and favourable location, this acquisition aligns perfectly with our goal of building a diversified portfolio of lithium, gold and critical mineral assets. We look forward to advancing this exciting opportunity."

Property information and exploration history:

  • 30 trenches excavated, exposing 2,937 metres of mineralized zones;
  • 690 continuous channel samples collected;
  • A total of 1,674 rock samples gathered, including rock chips, channel chip samples and float samples;
  • Hosts over 10 kilometres of low-sulphidation epithermal gold veins, averaging one metre in width and ranging from 50 to 2,500 metres in length;
  • Veins exhibit low-sulphidation multipulse textures, including drusy quartz, banding, crustiform structures and carbonate replacement;
  • Favourable structural settings and extensive vein systems make La Esperanza a compelling target for continuing exploration and drilling;
  • Channel sample highlights include 2.0 metres at 24 g/t Au, 5.0 metres at 13.1 g/t Au, 1.3 metres at 11.5 g/t Au and three metres at 4.4 g/t Au and a rock chip at 24.4 g/t Au.

Qualified person

The scientific and technical information contained in this press release has been reviewed and approved by Patrik Schmidt, MSc, PGeo. He is a professional geologist registered in Quebec (OGQ).

About Sali Lithium Corp.

Sali Lithium is a mineral exploration company dedicated to the discovery and development of mineral resources. The company holds a controlling interest in El Quemado project, comprising 46 mining concessions totalling 58,000 hectares in Salta province, Argentina. Additionally, the company has 34,442 hectares covering two greenstone belts in the James Bay region, Quebec, Canada, and the Gold Fire project totalling 4,680 hectares near the Windfall camp in Quebec, Canada.

We seek Safe Harbor.

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