Mr. R. Nick Horsley reports

AMERICAN SALARS PROVIDES CORPORATE UPDATE

American Salars Lithium Inc. has terminated its agreement with Vanguard Mining formerly Recharge Resources Corp. to acquire the 800-hectare Pocitos 1 claim that it announced on June 17, 2024. The company has decided not to proceed with the acquisition due to significant costs to settle local liabilities as part of the acquisition agreement. The company is still evaluating numerous opportunities in Argentina that it deems to be better value for the shareholders. The company has extended its letter of intent with the 13,080 hectares on the Salar De Pocitos project.

About American Salars Lithium Inc.

American Salars Lithium is an exploration company focused on exploring and developing high-value battery metal projects to meet the demands of the advancing electric vehicle market.

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