Mr. Steven Cochrane reports
LITHIUM CHILE ANNOUNCES EXPRESSIONS OF INTEREST FOR THE ACQUISITION OF CERTAIN PROPERTIES
As a result of recent market activity in the shares of Lithium Chile Inc. on the facilities of the TSX Venture Exchange, Lithium Chile confirms that it has received an expression of interest from an arm's-length third party for the potential acquisition of certain of Lithium Chile's South American assets.
The company confirms that it has not signed any binding documents in relation to any potential acquisition.
Lithium Chile intends to retain advisers to evaluate the appropriateness of entering into discussions pertaining to any potential acquisition.
There can be no assurance that any transaction pertaining to Lithium Chile's properties will proceed.
About Lithium Chile Inc.
Lithium Chile is advancing a lithium property portfolio consisting of 111,978 hectares in Chile and 20,800 hectares in Argentina.
The company has a National Instrument 43-101 report with an indicated and inferred resource of 2,587,000 tonnes of lithium carbonate equivalent (LCE) from its Salar de Arizaro, Argentina, project. The phase 2 development program on the Salar de Arizaro is under way, with results included in an updated NI 43-101 report filed on SEDAR.
Lithium Chile also owns five properties, totalling 21,329 hectares, that are prospective for gold, silver and copper. Exploration efforts are continuing on Lithium Chile's Carmona gold-silver-copper property which lies in the heart of the Chilean megaporphyry gold-silver-copper belt.
We seek Safe Harbor.
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