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Global News Report –

‘Lithium Chile Samples Up To 12.7 G/T Gold And Up To 147 G/T Silver On Carmona Gold/Silver Property

TSX Venture Exchange: LITH For Immediate Release
OTC-BB: LTMCF

CALGARY, ALBERTA, March 9, 2021 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce the completion of a definitive agreement with Summit Nanotech Corporation (“Summit Nanotech”) that will launch Summit Nanotech’s proprietary lithium extraction technology at one of Lithium Chile’s exploration wellsite’s. The original LOI was entered into in June of 2020 (see press release June 16th 2020) whereby Lithium Chile and Summit Nanotech would collaboratively demonstrate the viability of the novel process for sustainable extraction of lithium.
During the last six months, Summit Nanotech has been advancing its technology to the point where a pilot unit is now under construction with the intention to deploy it for field testing by Q4 2021.
Lithium Chile has identified two prospective properties for the pilot program and is currently in the process of confirming drill locations following which drilling permits will be applied for.
Steve Cochrane, President and CEO of Lithium Chile commented, ”we are extremely excited to have our definitive agreement in place with Summit Nanotech so we can jointly prove the merits of their new technology for the ecologically sustainable production of lithium. We have received tremendous support from the local indigenous communities for our combined efforts to reduce environmental impact by changing the way lithium is produced from brine deposits. We see Summit’s technology as the future of our industry.”
Amanda Hall, CEO & Founder of Summit Nanotech commented, “This is an exciting first step on the road to a commercial scale operation of our denaLi DLE technology. It has been an honor working with Lithium Chile’s team to progress this exciting endeavor in the heart of the lithium triangle, which includes the support of both the Chilean federal government and local Indigenous communities in Chile.”

Qualified Person
Mr. Terence Walker, M.Sc., P.Geo., qualified person within the meaning of National Instrument 43-101, has reviewed and approved the contents of this news release.

About Lithium Chile
Lithium Chile is advancing a lithium property portfolio consisting of 71,900 hectares covering sections of 10 salars and two laguna complexes in Chile.
Lithium Chile also owns 5 properties 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 mega porphyry gold/ silver/copper belt.
Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTC-BB under the symbol “LTMCF”.
To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO via email: steve@lithiumchile.ca or alternately, Terry Walker, VP Exploration at (011) 562 2455-6473 or via email: twalker@chilelithium.cl.

About Summit Nanotech
Summit Nanotech is a private cleantech company that has developed new processes for extracting lithium and other valuable metals from brine water using advanced nanomaterials. Summit’s approach to metal extraction is focused on environmental impact, reliability and consistency of supply and lowering operating costs.
To find out more about Summit Nanotech Corporation, please contact Amanda Hall, CEO & Founder via email: info@summitnanotech.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

NOT FOR RELEASE IN THE UNITED STATES OF AMERICA

Forward Looking Statements
This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. In particular, this news release contains forward-looking statements relating to prior assay results, exploration activities, and expressions of interest and whether the Private Placement is fully subscribed.

You are cautioned that the following list of material factors and assumptions is not exhaustive. Specific material factors and assumptions include, but are not limited to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; the success the Company will have in exploring its prospects and the results from such prospects. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

TSX Venture Exchange: LITH For Immediate Release OTC-BB: LTMCF CALGARY, ALBERTA, September 20, 2021 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) announces the initiation of coverage and the first research publication by Fundamental Research Corporation. Steve Cochrane, President, and CEO of Lithium Chile commented: “We are delighted to have research coverage being initiated by Fundamental Research Corporation and welcome their positive outlook. We see this as an important piece of research that will give our existing institutional and retail shareholders, and potential shareholders, an excellent overview of Lithium Chile, its outstanding portfolio of properties, and the huge potential of its key properties – including Arizaro in Argentina and Laguna Blanca in Chile.”

HIGHLIGHTS

• Initial and Ongoing Research Coverage by well-respected Research company – Fundamental Research Corporation
• Positive recommendation and outlook for Lithium Chile
• Well positioned to capitalize on the 4 fold rise in lithium carbonate prices over the last 8 months
• Major production test underway on Arizaro prospect in Argentina

Copy of the Research Report is available here: https://www.researchfrc.com/company/lithium-chile-inc/

Or, please copy and paste the below into a new browser: https://www.researchfrc.com/lithium-chile-inc-tsxv-lith-otcqb-ltmcf-substantial-portfolio-in-southamericas-lithium-triangle-initiating-coverage/

The Company also announces the grant of 400,000 stock options to a director of the Company (the “Options”) in accordance with the Company’s stock option plan. The Options are exercisable for a period of ten years at $0.47 and will vest as to one third each on the date of grant and the first and second anniversaries of the grant. The Options are subject to the policies of the TSX Venture Exchange.

About Lithium Chile

Lithium Chile is advancing a lithium property portfolio consisting of 68,800 hectares covering sections of 10 salars and two laguna complexes in Chile and 23,300 hectares in Argentina.

Lithium Chile also owns 5 properties, totaling 22429 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 mega porphyry gold/ silver/copper belt.

Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTCBB under the symbol “LTMCF”.

To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO via email: steve@lithiumchile.ca or alternately, Jose de Castro Alem, Argentina Manager via email jdecastroalem@gmail.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. NOT FOR RELEASE IN THE UNITED STATES OF AMERICA Fundamental Research Corporation (FRC) Disclaimers and Disclosure The opinions expressed in this report are the true opinions of the analyst about this company and industry. Any “forward looking statements” are our best estimates and opinions based upon information that is publicly available and that we believe to be correct, but we have not independently verified with respect to truth or correctness. There is no guarantee that our forecasts will materialize. Actual results will likely vary. The analyst and Fundamental Research Corp. “FRC” does not own any shares of the subject company, does not make a market or offer shares for sale of the subject company, and does not have any investment banking business with the subject company. Fees were paid by LITH to FRC. The purpose of the fee is to subsidize the high costs of research and monitoring. FRC takes steps to ensure independence including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics and Standards of Professional Conduct. Additionally, analysts may not trade in any security under coverage. Our full editorial control of all research, timing of release of the reports, and release of liability for negative reports are protected contractually. To further ensure independence, LITH has agreed to a minimum coverage term including an initial report and three updates. Coverage cannot be unilaterally terminated. Distribution procedure: our reports are distributed first to our web-based subscribers on the date shown on this report then made available to delayed access users through various other channels for a limited time. Forward Looking Statements This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. In particular, this news release contains forward-looking statements relating to prior assay results, exploration activities, and expressions of interest and whether the Private Placement is fully subscribed. You are cautioned that the following list of material factors and assumptions is not exhaustive. Specific material factors and assumptions include, but are not limited to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; the success the Company will have in exploring its prospects and the results from such prospects. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

TSX Venture Exchange: LITH For Immediate Release OTC-BB: LTMCF CALGARY, ALBERTA, October 26, 2021 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) discusses its 12 properties – over 68,000 hectares – that make up its Chile Lithium Portfolio and why they are uniquely placed to take advantage of Chile’s new lithium exploration tender process. Steve Cochrane, President and CEO of Lithium Chile commented: “The newly announced initiative promoting new domestic and foreign investment in Lithium exploration and production announced last week by the Chilean Government is incredibly positive news for Chile and Lithium Chile. We already have an excellent portfolio of properties and this announcement has already created interest from companies in the bidding process for potential joint ventures with us. This new participation in developing Chile’s lithium assets is anticipated to drive prices for existing and new lithium properties. Any company wanting to take advantage of the initiative will have to either purchase land or joint venture with an existing property owner and we are ready to take advantage of that.”

HIGHLIGHTS

• Chilean Government announces initiative to encourage new domestic and foreign investment to explore and develop lithium properties in Chile.
• Tender process for special operating contracts – covering the development of lithium properties and the production and exportation of lithium carbonate,
• For companies who already hold lithium properties in Chile – this is expected to dramatically cut red tape and timing to allow exploitation and more importantly production,
• Lithium Chile already hold a Chilean lithium property portfolio of 12 properties – totaling 68,800 hectares,
• Companies like Lithium Chile with existing prospective lithium properties are
  anticipated to definitely benefit from the new rules.

The Chilean Government last week announced an initiative to encourage and actively promote new domestic and foreign investment to explore and develop lithium properties in Chile. Until 2012, Chile was the world’s leading lithium producer, was then overtaken by Australia and – on current projections – may even be pushed into 3rd place by China by 2030. Clearly an attempt to put themselves back at the top of the lithium producing countries – they will be awarding special operating contracts – covering exploration, studies and development to production. This tender process maintains lithium’s status as a strategic material but seeks to loosen the strings of bureaucracy by issuing special lithium operation contracts (CEOLs) by quotas. The granting of the CEOL is only a first step since companies will have to look for the place to develop their projects. They will also have to define the technologies they will use to comply with all the regulatory and environmental requirements -as well as complying with any indigenous community regulations.

For companies who already own lithium properties in Chile – this will cut application times and make it significantly easier to develop their properties. Interest in potential exploration properties has already picked up significantly and prices for these are expected to increase as well.

As part of this initiative, Chile has also indicated that they will be supporting and investing in new lithium extraction technologies.

Lithium Chile is also pleased to announce that, due to strong investor demand for its recently announced non-brokered private placement of units of the Company (“Units”) at a price of $0.60 per Unit, it has increased the maximum size of the offering from 4,166,667 Units for aggregate gross proceeds of $2,500,000 to 5,416,000 Units for gross proceeds of $3,249,600 (the “Offering”). Each Unit will be comprised of one (1) common share of the Company (“Common Share”) and one (1) Common Share purchase warrant (“Warrant”). Each Warrant shall be exercisable at $0.75 per Common Share for a period of 24 months from the date of closing of the Offering. Lithium Chile may pay a cash commission or finder’s fee to qualified non-related parties of up to 5% of the gross proceeds of the Offering. The proceeds of the upsized Offering will be used for working capital and to pay the expenses of the Offering. Unless the Company determines to further increase the gross proceeds of the Offering, if subscriptions received for the Offering based on all available exemptions exceed the maximum Offering amount of $3,249,600, Units will be allocated on a first come, first served basis.

The Company confirms that there is no material fact or material change about the Company which has not been generally disclosed. Completion of the Offering is subject to regulatory approval including, but not limited to, the approval of the TSX Venture Exchange. The Common Shares and Warrants issued under the Offering will be subject to a four month hold period from the date of the closing of the Offering.

About Lithium Chile

Lithium Chile is advancing a lithium property portfolio consisting of 68,800 hectares covering sections of 10 salars and two laguna complexes in Chile and 23,300 hectares in Argentina.

Lithium Chile also owns 5 properties, totaling 22,429 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 mega porphyry gold/ silver/copper belt.

Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTCBB under the symbol “LTMCF”.

To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO via email: steve@lithiumchile.ca or alternately, Jose de Castro Alem, Argentina Manager via email jdecastroalem@gmail.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

NOT FOR RELEASE IN THE UNITED STATES OF AMERICA Fundamental Research Corporation (FRC) Disclaimers and Disclosure

The opinions expressed in this report are the true opinions of the analyst about this company and industry. Any “forward looking statements” are our best estimates and opinions based upon information that is publicly available and that we believe to be correct, but we have not independently verified with respect to truth or correctness. There is no guarantee that our forecasts will materialize. Actual results will likely vary. The analyst and Fundamental Research Corp. “FRC” does not own any shares of the subject company, does not make a market or offer shares for sale of the subject company, and does not have any investment banking business with the subject company. Fees were paid by LITH to FRC. The purpose of the fee is to subsidize the high costs of research and monitoring. FRC takes steps to ensure independence including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics and Standards of Professional Conduct. Additionally, analysts may not trade in any security under coverage. Our full editorial control of all research, timing of release of the reports, and release of liability for negative reports are protected contractually. To further ensure independence, LITH has agreed to a minimum coverage term including an initial report and three updates. Coverage cannot be unilaterally terminated. Distribution procedure: our reports are distributed first to our web-based subscribers on the date shown on this report then made available to delayed access users through various other channels for a limited time.

Forward Looking Statements This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Generally, forward-looking statements can be identified by the use of forward looking terminology such as “expected”, “anticipated”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. In particular, this news release contains forward-looking statements relating to, among other things: that the new participation in developing Chile’s assets is anticipated to drive prices for existing and new lithium properties; that the new process is expected to dramatically cut red tape and timing to allow exploitation and more production; that companies like Lithium Chile with existing prospective lithium properties are anticipated to benefit from the new rules, including that this will cut application times and make it significantly easier to develop their properties; that prices for exploration properties are expected to increase; the use of proceeds from the Offering; and the Company’s ability to obtain necessary approvals from the TSX Venture Exchange. Such forward-looking statements are based on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors and assumptions with respect to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; the success the Company will have in exploring its prospects and the results from such prospects. You are cautioned that the foregoing list of material factors and assumptions is not exhaustive. Although the Company believes that the assumptions and factors on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct or that any of the events anticipated by such forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive there from. Actual results could differ materially from those currently anticipated due to a number of factors and risks including, but not limited to: fluctuations in market conditions, including securities markets; economic factors; the risk that the new lithium exploration tender process does not yield the anticipated benefits to the Company, if at all; the risk that the Offering will not be completed as anticipated or at all, including the risk that the Company will not receive the approvals necessary in connection with the Offering; and the impact of general economic conditions and the COVID-19 pandemic. The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

TSX Venture Exchange: LITH For Immediate Release OTC-BB: LTMCF CALGARY, ALBERTA, November 29, 2021 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) announces the arrival and completion of the new casing and filter installation – which completes the production test well preparation on its 23,300-hectare Salar de Arizaro Property in Salta, Argentina. The Arizaro prospect is a potentially transformational project for Lithium Chile. The earlier exploration hole, located 100 meters east of the production test well, returned average lithium grades of 850 mg/l over 6 separate samples (see Lithium Chile’s press release May 17, 2021). The current production test is designed to obtain confirmation of those grades and to establish commerciality of the property for lithium production.

Lithium Chile now moves into Phase 2 – consisting of well clean-up and commencement of the pump test and sampling program.

Steve Cochrane, CEO of Lithium Chile, commented “We are delighted with the excellent progress being made on our Arizaro property. The installation of the new casings went extremely smoothly and I would like to take this opportunity to thank all our contractors and service providers in Argentina for their excellent work. Bringing this stage of the project in on time, on budget and without any safety or environmental incidents is a testament to their professionalism and care of the environment. We now move into Phase 2 – easily the most exciting phase of the program.”

ARIZARO PRODUCTION TEST WELL MOVES INTO PHASE 2

•  The new well casings and filters arrived on schedule at the Arizaro Property on November 17, 2021 and work commenced immediately to install them. This work has now been completed and the pump test phase has commenced.
• Phase 2 of the Arizaro property testing involves flushing of the 120-meter clastic zone to remove drilling mud contamination to allow for accurate sampling of the zone.
• Immediately thereafter, the pump test and sampling will commence. This is expected to
  take 3 weeks to complete at which time the collected samples will be sent to be assayed.
• Results are expected to be received in the second half of December.
• On 26th November, a meeting was held in the aboriginal town of Tolar Grande with the town’s Indigenous leaders, the Secretary of Mining for Salta Province (Ms. Flavia Royon), representatives of Argentum Lithium (the wholly owned Argentinian subsidiary of Lithium Chile), the Galli Group, SMG and our drilling contractor Andina Perforaciones). This meeting was organized to recognize the excellent ESG work ongoing on the Company’s drill program at Arizaro and to confirm Lithium Chile’s ongoing commitment to inclusion and mutual respect while working with local communities.

WARRANT EXCERCISE

Lithium Chile is also pleased to announce the exercise of 442,117 warrants during the last week resulting in net proceeds of $171,312.76.

QUALIFIED PERSON

The technical information contained in this news release has been reviewed and approved by Mr. Gabriel Paganini, Mining Engineer, a “Qualified Person” registered in AusIMM under licence 317013 within the meaning of JORC 2012.

About Lithium Chile

Lithium Chile is advancing a lithium property portfolio consisting of 68,800 hectares covering sections of 10 salars and two laguna complexes in Chile and 23,300 hectares in Argentina.

Lithium Chile also owns 5 properties, totaling 22,429 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 mega porphyry gold/ silver/copper belt.

Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTCBB under the symbol “LTMCF”.

To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO via email: steve@lithiumchile.ca or alternately, Jose de Castro Alem, Argentina Manager via email jdecastroalem@gmail.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

NOT FOR RELEASE IN THE UNITED STATES OF AMERICA Fundamental Research Corporation (FRC) Disclaimers and Disclosure

The opinions expressed in this report are the true opinions of the analyst about this company and industry. Any “forward looking statements” are our best estimates and opinions based upon information that is publicly available and that we believe to be correct, but we have not independently verified with respect to truth or correctness. There is no guarantee that our forecasts will materialize. Actual results will likely vary. The analyst and Fundamental Research Corp. “FRC” does not own any shares of the subject company, does not make a market or offer shares for sale of the subject company, and does not have any investment banking business with the subject company. Fees were paid by LITH to FRC. The purpose of the fee is to subsidize the high costs of research and monitoring. FRC takes steps to ensure independence including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics and Standards of Professional Conduct. Additionally, analysts may not trade in any security under coverage. Our full editorial control of all research, timing of release of the reports, and release of liability for negative reports are protected contractually. To further ensure independence, LITH has agreed to a minimum coverage term including an initial report and three updates. Coverage cannot be unilaterally terminated. Distribution procedure: our reports are distributed first to our web-based subscribers on the date shown on this report then made available to delayed access users through various other channels for a limited time.

Forward Looking Statements This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Generally, forward-looking statements can be identified by the use of forward looking terminology such as “expected”, “anticipated”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. In particular, this news release contains forward-looking statements relating to, among other things: that the new participation in developing Chile’s assets is anticipated to drive prices for existing and new lithium properties; that the new process is expected to dramatically cut red tape and timing to allow exploitation and more production; that companies like Lithium Chile with existing prospective lithium properties are anticipated to benefit from the new rules, including that this will cut application times and make it significantly easier to develop their properties; that prices for exploration properties are expected to increase; the use of proceeds from the Offering; and the Company’s ability to obtain necessary approvals from the TSX Venture Exchange. Such forward-looking statements are based on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors and assumptions with respect to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; the success the Company will have in exploring its prospects and the results from such prospects. You are cautioned that the foregoing list of material factors and assumptions is not exhaustive. Although the Company believes that the assumptions and factors on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct or that any of the events anticipated by such forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive there from. Actual results could differ materially from those currently anticipated due to a number of factors and risks including, but not limited to: fluctuations in market conditions, including securities markets; economic factors; the risk that the new lithium exploration tender process does not yield the anticipated benefits to the Company, if at all; the risk that the Offering will not be completed as anticipated or at all, including the risk that the Company will not receive the approvals necessary in connection with the Offering; and the impact of general economic conditions and the COVID-19 pandemic. The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

TSX Venture Exchange: LITH For Immediate Release OTC-BB: LTMCF CALGARY, ALBERTA, December 9, 2021 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce it has completed an exploration program on its Apolo and Sancarron Properties in the El Indio gold and silver belt in Chile. This is the first exploration program ever conducted on these two prospects by Lithium Chile. The program involves a helicopter born reconnaissance and sample program on four of the numerous alteration zones on the properties. The samples collected have been delivered to the ALS Laboratory in La Serena, Chile for assaying. The program was designed to access the potentiality of both properties for high grade vein and disseminated gold – silver deposits such as the multi-million ounce El Indio (20 km south) and Pasqua Llama (35 km north) deposits. It is Lithium Chile’s intent to seek a joint venture partner to move both projects forward and the data collected from this initial program is designed to facilitate that process. The Apolo/Sancarron properties cover an area of 5,229 hectares in total.

Lithium Chile also announces that, further to its news release dated May 13, 2021, it has completed the issuance of common shares of the Company (“Shares”) pursuant to a consulting agreement (the “Agreement”) entered into with a third party (the “Provider”) for the purposes of providing the Company with a social media presence. The Company previously announced the issuance of 211,764 Shares at a deemed price of $0.34 per Share, and issued 105,882 Shares at a deemed price per share of $0.34 per Share on August 9, 2021 and 69,231 Shares at a deemed price of $0.52 per Share on December 6, 2021. All of the Shares issuable pursuant to the Agreement have now been issued and the debt has been extinguished.

Completion of the Agreement is subject to regulatory approval including, but not limited to, the approval of the TSX Venture Exchange. The securities issued pursuant to the Agreement are subject to a four month hold period from the date of issuance.

About Lithium Chile

Lithium Chile is advancing a lithium property portfolio consisting of 68,800 hectares covering sections of 10 salars and two laguna complexes in Chile and 23,300 hectares in Argentina.

Lithium Chile also owns 5 properties, totaling 22,429 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 mega porphyry gold/ silver/copper belt.

Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTCBB under the symbol “LTMCF”.

To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO via email: steve@lithiumchile.ca or alternately, Jose de Castro Alem, Argentina Manager via email jdecastroalem@gmail.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

NOT FOR RELEASE IN THE UNITED STATES OF AMERICA Fundamental Research Corporation (FRC) Disclaimers and Disclosure

The opinions expressed in this report are the true opinions of the analyst about this company and industry. Any “forward looking statements” are our best estimates and opinions based upon information that is publicly available and that we believe to be correct, but we have not independently verified with respect to truth or correctness. There is no guarantee that our forecasts will materialize. Actual results will likely vary. The analyst and Fundamental Research Corp. “FRC” does not own any shares of the subject company, does not make a market or offer shares for sale of the subject company, and does not have any investment banking business with the subject company. Fees were paid by LITH to FRC. The purpose of the fee is to subsidize the high costs of research and monitoring. FRC takes steps to ensure independence including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics and Standards of Professional Conduct. Additionally, analysts may not trade in any security under coverage. Our full editorial control of all research, timing of release of the reports, and release of liability for negative reports are protected contractually. To further ensure independence, LITH has agreed to a minimum coverage term including an initial report and three updates. Coverage cannot be unilaterally terminated. Distribution procedure: our reports are distributed first to our web-based subscribers on the date shown on this report then made available to delayed access users through various other channels for a limited time.

Forward Looking Statements This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Generally, forward-looking statements can be identified by the use of forward looking terminology such as “expected”, “anticipated”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. In particular, this news release contains forward-looking statements relating to, among other things: that the new participation in developing Chile’s assets is anticipated to drive prices for existing and new lithium properties; that the new process is expected to dramatically cut red tape and timing to allow exploitation and more production; that companies like Lithium Chile with existing prospective lithium properties are anticipated to benefit from the new rules, including that this will cut application times and make it significantly easier to develop their properties; that prices for exploration properties are expected to increase; the use of proceeds from the Offering; and the Company’s ability to obtain necessary approvals from the TSX Venture Exchange. Such forward-looking statements are based on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors and assumptions with respect to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; the success the Company will have in exploring its prospects and the results from such prospects. You are cautioned that the foregoing list of material factors and assumptions is not exhaustive. Although the Company believes that the assumptions and factors on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct or that any of the events anticipated by such forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive there from. Actual results could differ materially from those currently anticipated due to a number of factors and risks including, but not limited to: fluctuations in market conditions, including securities markets; economic factors; the risk that the new lithium exploration tender process does not yield the anticipated benefits to the Company, if at all; the risk that the Offering will not be completed as anticipated or at all, including the risk that the Company will not receive the approvals necessary in connection with the Offering; and the impact of general economic conditions and the COVID-19 pandemic. The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.