SHAREHOLDERS UPDATE

‘Lithium Chile Shareholders Update

April 21, 2021

Investor Update – April 21_TW (002)

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.

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.

LITHIUM CHILE ANNOUNCES CLOSING OF ITS $4.2 MILLION FINANCING

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, February 23, 2021 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce that it has closed its fully subscribed previously announced private placement of units of the Company (the “Units”) for gross proceeds of $3.5 million (the “Offering”) and that the 15% option (the “Over-Allotment Option”) was taken up for total gross proceeds to the Company of approximately $4,024,000. Each Unit is comprised of one (1) common share of the Company (a “Common Share”) and one (1) Common Share purchase warrant (“Warrant”). Each Warrant is exercisable at $0.60 per Common Share for a period of 24 months from the date of closing of the Offering. The Warrants issued pursuant to the Offering contain an acceleration clause such that the expiry date for the Warrants may be accelerated at the Company’s discretion upon the Common Shares trading at or above $0.75 per share for a period of 20 consecutive trading days. If the Company elects to trigger the acceleration clause, the Warrants must be exercised within thirty days from receipt of notice from the Company that the acceleration clause has been triggered.
Pursuant to the Offering, Lithium Chile paid cash commissions to qualified non-related parties of $251,779.50 and issued 892,649 broker warrants (the “Broker Warrants”). Each Broker Warrant entitles the holder to acquire one common share of the Company at a price of $0.28 per Broker Warrant for a period of 18 months from the date of issuance.
The use of the net proceeds will be as follows: Canadian $2,990,000 to drill up to nine holes, $116,000 for detailed sampling, and $394,000 for working capital and to pay the expenses of the Offering. [NTD: these total to $3.5 million and need to account for the total net proceeds of $3,772,400.38, please revise]
Completion of the Offering is subject to regulatory approval including, but not limited to, the approval of the TSX Venture Exchange. The securities issued are subject to a four month hold period from the date of the closing of the Offering.

Commenting on the closing, Steve Cochrane, President and CEO commented “I would like to add my personal wishes of gratitude to the Ocean Wall Ltd. and Leede Jones Gable Inc. teams. [NTD: need permission to name them in the news release] In particular I would like to recognize and thank the team from Ocean Wall Ltd. of London, England for their efforts in helping raise $1,800,000 from their clients in Great Britain, Europe and the Middle East. It is evident to us at Lithium Chile that the Laguna Blanca and Los Morros salars hold great promise and with this show of support, we are able to accelerate our exploration plans at those two salars. We remain confident that Lithium Chile is uniquely positioned within the Lithium triangle with exposure to a number of projects within our diverse portfolio”.

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.

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.

LITHIUM CHILE AND SUMMIT NANOTECH ANNOUNCE SIGNING OF DEFINITIVE AGREEMENT FOR THEIR JOINT PILOT PROJECT IN CHILE

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.

LITHIUM CHILE ANNOUNCES TEM GEOPHYSICAL PROGRAM ON ITS LOS MORROS PROPERTY AND AN UPDATE ON SUBSCRIPTIONS FOR ITS RECENTLY ANNOUNCED PRIVATE PLACEMENT

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, February 3, 2021 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce that it has contracted Geoxploraciones SA Chile to run a 17 km transient electromagnetic (“TEM”) survey on its 100% owned Los Morros lithium bearing property. TEM has been shown to be a valuable tool in identifying highly conductive subterranean brine aquifers. Lithium Chile’s prior TEM surveys have proven highly accurate in defining the principal brine aquifers on both of the Company’s previously drilled Ollague and Turi properties

SALAR de LOS MORROS PROPERTY HIGHLIGHTS:
• 17 sq km covering 30% of the south sector of the salar;
• Brine samples taken by Lithium Chile from historic bore holes returned lithium grades up to 700mg/l;
• Historic drill hole logs describe the conductive zone as loose gravel and sands containing brine beginning at 50 to 75 meters below surface;
• Historic down hole geophysical surveys indicate 100+ meter thick conductive anomaly underlying the whole property.

The TEM survey is intended to identify locations for 3 additional exploration holes which the Company will seek permits for immediately after evaluation of the TEM survey. The absence of Indigenous surface claims on the Salar de Los Morros property is expected to expedite the permitting process.

PRIVATE PLACEMENT
The Company has received expressions of interest for the full amount of the recently announced (February 2, 2021) $3,500,000 private placement of Units (the “Private Placement”). The Company is pleased to have received such a positive reception to the proposed financing. Although Lithium Chile’s treasury has recently strengthened as a result of numerous warrant exercises, the proceeds from the proposed financing will substantially improve Lithium Chile’s financial flexibility going forward.

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. Individual brine samples were collected from the old bore holes by Lithium Chile staff using a double valve bailer system, placed in sterile 250 ml vials that were sealed and tagged on site. All samples were shipped to ALS Patagonia Laboratories, Santiago, Chile, where they were prepared and subsequently shipped to ALS’s Vancouver, Canada laboratory where the brine analysis was performed.

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.

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.

The big winners from Tesla stock surge: lithium miners and battery makers

CNN Business article re-post –

The incredible stock market surge for Tesla isn’t just making Elon Musk and Tesla investors rich. Traders betting on lithium miners and battery makers are also benefiting from Tesla’s success.

View the full article here…

Lithium Chile Expands Its Exploration Program on its Laguna Blanca Lithium-Cesium Property

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, January 13, 2021 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce that it has a team on its Laguna Blanca lithium/cesium Property to do an advanced exploration program of both salt and liquid sampling to provide additional data on its earlier exploration program. The initial sampling program covered less than 10% of the 4600-hectare property and at that time the liquid samples were not assayed for cesium however the salt and silt samples returned high lithium and cesium assays from the surface sediments to a depth of I.2 meters.

Highlights:
• Lithium grades ranging from 1125 ppm to a high of 1450 ppm
• Cesium grades ranging from 112 ppm to two samples of 682ppm and 688 ppm
The extremely high grades of both lithium and cesium in the solid samples has made an advanced exploration program on the Laguna Blanca property a priority for Lithium Chile. The lithium grades in the salt sampling from the initial surface samples returned some of the highest lithium grades seen to date.

Cesium is a strategic mineral as designated by the U.S. Geological Survey in May 2018. Demand and prices for cesium have risen recently driven by its use in 5G mobile Networks. There are currently only three cesium mines in the world today all controlled by Chinese companies.

More importantly, the ability for Lithium Chile to get their exploitation team on the ground at Laguna Blanca reflects the easing of the Covid 19 restrictions that have been in place in Chile since early in 2020. Easing of these restrictions will allow Lithium Chile to advance its other lithium projects as well.

Steve Cochrane, President, and CEO of Lithium Chile commented: “it gives me great pleasure to be able to tell our shareholders we are once again working on our lithium prospects. The proximity of our lithium properties, in the heart of the lithium triangle, to Bolivia and Argentina resulted in a yearlong access restriction to our properties by the Chilean Government. The Government wanted to reduce the risk of cross-border contamination as much as possible resulting in road and border closures. The lifting of these access restrictions coupled with the recent rise in Chinese lithium carbonate prices from 40,000 RMB ($6,000US) to 60,000 RMB ($9,000 US) over the last 15 weeks gives us a lot of optimism for 2021.”

Qualified Person
Mr. Terence Walker, M.Sc., P.Geo., qualified person within the meaning of National Instrument 43-101, has reviewed the contents of this news release. During the course of the exploration program all samples were collected by experienced Lithium Chile staff. Each salt and sediment consisted of 1 -1.5 kg of unconsolidated material taken from 0.5 – 1.2m deep holes using a hand-held auger that were bagged and sealed on site. All samples were delivered by Lithium Chile’s staff to the ALS prep-lab in La Serena for processing. ALS subsequently shipped a 30g sub-sample to their laboratory in Lima, Peru where they were analyzed 51 elements, including lithium and cesium, by the ICP-MS technique following Agua Regia digestion. Over limit (>500ppm Cs) sample were re-run using the ICP-MS81 technique following lithium borate fusion.

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 now also owns 5 properties that are prospective for gold, silver and copper. The Carmona property lies in the heart of the Chilean Mega Porphyry copper, gold and silver 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@goldenrock.cl.

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 assay results and plans for follow up exploration activities,.

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.

2020 – 2021: Here’s to our Future!

Global News Report –

Good day!

As 2020 is rapidly coming to a close I thought I would take this opportunity to provide all our shareholders with an operational update and to thank all of you for your support and patience over the past year. I know it’s been a trying year for everyone. I also wanted to extend my wishes to you all and your families for a safe healthy and happy Holidays.

Firstly I want to provide an update on some of the steps we have taken from a marketing standpoint. We have never really had a social media presence hence the lack of a Twitter account. We have hired a new manager for our website and another group who is also building out our social media platform so you should see some action there in the near future. We have already initiated a YouTube account and plan to provide more content there. In the meantime, our website is constantly being updated so that’s the best place to go for content and news releases.

Our focus is and has always been on our lithium prospects. We have excellent properties with high-value targets. The challenge for us this last year has been the restrictions brought about by the Covid 19 restrictions. As you know most of our projects are in the so-called Lithium Triangle of Chile, Argentina, and Bolivia. As such most of the properties are along the borders of these countries and in an effort to restrict the cross-border transmission of the virus, the Chilean government closed the borders and restricted travel in these areas. That made work on these properties impossible. I am pleased to say that in the last couple of weeks we have seen those restrictions lifted and we are optimistic we can begin to work on our projects again early in the new year. Fingers crossed that we don’t have another serious wave of infections in Chile.

In the meantime, in an effort to keep our geological team busy and create some value for our shareholders we decided to focus on one of our most prospective gold properties in Chile called Carmona.

Carmona is only a couple of hours away from our Chilean office and while travel permits were needed we could still have our teamwork the project. As you know gold has been one of the best-performing commodities this year so advancing that project made a lot of sense while our lithium projects were under lockdown. As you may have seen from our recent press we are getting excellent results from the work done to date. This provides Lithium Chile with a number of options. We could continue to advance the project while waiting for restrictions to be lifted on our lithium properties, and/or bring in a partner on a very favorable basis for our shareholders to earn into the property by taking the project through to commercialization. As you may have seen we optioned out two of our gold properties to Apollo Gold in return for $600,000 cash to LITH and $3,000,000 in exploration work on those two properties. I can tell you that our results to date on Carmona have generated considerable interest from outside parties although nothing has been agreed to date.

Lastly our partnership with Summit continues to move forward and we are very happy to be working with them. I have attached our recently negotiated LOI for our JV pilot project in Chile. We should have the definitive agreement signed early in the new year. They plan to have their pilot unit completed and shipped by July of 2021 so a planned test is scheduled for late summer next year. This gives us the time to get back on one or more of our lithium prospects to prepare for our pilot project. They continue to see great results in the lab and hope this is the breakthrough we all want to see for an efficient cost and environmentally effective method of producing lithium from brines.

Best wishes to you and yours.
Yours truly,

LITHIUM CHILE REPORTS GOLD GRADES OF 9.3 G/T GOLD AND SILVER GRADES OF 264 G/T FROM THE SECOND PHASE OF ITS SAMPLING PROGRAM AT CARMONA

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, December 15, 2020 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to report assay results from the follow up sampling program recently completed on its 100% owned Carmona gold and silver property.

Background:

As a result of the strong results achieved from the Company’s October sampling program on the Carmona property’s Southern Zone (see press release dated November 21st 2020) additional sampling of the zone was completed in November 2020.

Highlights:
• Recent soil sampling more than doubles Au – Ag – Cu anomaly to 1.8 km2
• Additional rock chip samples from 1 – 3m wide veins range up to 9.3g/t gold, 264g/t silver, and 4.69% copper.
• Numerous mineralized veins and breccias are concentrated in a 300m wide by 900m long zone on the SW flank of the soil anomaly.

This second sampling program uncovered additional copper oxide, secondary chalcocite, chalcopyrite, bornite, and pyrite bearing veins and breccia zones that define a NE-SW trending 300m wide and 900m long zone within the gold-silver-copper soil anomaly that was identified during the earlier phase of sampling.
While the bulk of the assays are pending, results reported to date have increased the size of the anomaly to 1.8 km2 and rock sample assays from the new veins discovered within the Southern Zone include the following results:
• 5.9g/t to 9.3 g/t gold with
• 133 g/t to 264 g/t silver with
• 1.09% to 4.69% copper with
• 0.11% cobalt
The Company continues to be highly encouraged by the results from the Southern Zone and once all of the sample results have been received and evaluated, the Company plans to carry out an Induced Polarization geophysical survey with a view to establishing priority targets for a reconnaissance drilling program.

To facilitate mapping and continued exploration activities on the Central Zone the Company is currently upgrading its access road into the Central Zone from which previous rock samples returned assays up to 26.2 g/t gold and 235 g/t silver (see press release dated September 3rd, 2020).

Steve Cochrane, President and CEO of Lithium Chile commented: “We continue to see excellent results coming from our exploration efforts on our Carmona prospect where we have now identified 3 separate gold and silver bearing anomalies totaling 26 square kilometers. We look forward to providing our shareholders regular updates as we continue to advance this exciting project.

Qualified Person
Mr. Terence Walker, M.Sc., P.Geo., qualified person within the meaning of National Instrument 43-101, has reviewed the contents of this news release. During the course of the exploration program all samples were collected by experienced Lithium Chile staff. Each sediment and soil sample was sieved in the field to obtain about I kg of 18 mesh fines, bagged and sealed on site. Each rock sample consisted of 1 -1.5 kg of representative chips taken continuously from outcrop or across mineralized structures, was bagged and sealed on site. All samples were delivered by Lithium Chile’s staff to the ALS prep-lab in La Serena for processing. ALS subsequently shipped a 30g sub-sample pulp to their laboratory in Lima, Peru where they were analyzed for gold by fire assay pre-concentration, AA finish and 35 other elements, including copper and silver, by the ICP technique following Agua Regia digestion.

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 now also owns 5 properties that are prospective for gold, silver and copper. The Carmona property lies in the heart of the Chilean Mega Porphyry copper, gold and silver 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@goldenrock.cl.

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 assay results and plans for follow up exploration activities,.

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.

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Lithium Chile Samples Up…

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, November 23, 2020 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to report assay results from the follow up sampling program recently completed on its 100% owned Carmona gold and silver property.

Background:

As a result of the strong results achieved from the Company’s reconnaissance sampling program completed in September, a follow up sampling program was conducted in October on the Carmona property (the ”First Phase Follow-Up Program”). The First Phase Follow-Up Program targeted a 2 sq km area of alteration identified in the southern portion of the property by the September reconnaissance program within which stream sediment samples returned gold values of up to 0.94 g/t.
The First Phase Follow-Up Program outlined a strong 0.8km2 gold-silver-copper anomaly within which two swarms of copper oxide, secondary chalcocite, chalcopyrite, bornite and pyrite bearing veins and breccia zones were discovered.

Highlights:
Rock Chip Samples: Assays from continuous rock chip samples taken across the veins and breccias ranged from 1.8 -12.7g/t gold, 62 – 147 g/t of silver and 1.8 – 4.1% copper.
Soil Samples: Assays from surface soil samples within the anomalous zone range from 0.1 – 1.67 g/t gold, 2 – 9 g/ton silver and 300 – 700 ppm copper.

Areal Extent: the soil and rock chip samples indicate that the anomaly is open to the north east.

The Company is highly encouraged by the positive results received from the south zone such that it has already initiated a second phase follow up-program to test extensions of the vein system swarms to the north-east. The Company is currently upgrading the access road into the central anomalous zone to facilitate continued and detailed geological mapping based on further soil and rock sampling on this new mineralized trend.

Recent Sample from one of the veins on Carmona Prospect

Steve Cochrane, President and CEO of Lithium Chile commented: “We continue to see excellent results coming from our exploration efforts on our Carmona prospect. The chalcopyrite vein systems we have encountered are common in most of the major gold – silver – copper discoveries in Chile. We will continue to expand our knowledge of the property with an eye to initiating an induced polarity program in late December after results are in from our second phase follow-up efforts.”

Qualified Person
Mr. Terence Walker, M.Sc., P.Geo., qualified person within the meaning of National Instrument 43-101, has reviewed the contents of this news release. During the course of the exploration program all samples were collected by experienced Lithium Chile staff. Each sediment was sieved in the field to obtain about I kg of 18 mesh fines, bagged and sealed on site. Each rock sample consisted of 1 -1.5 kg of representative chips taken continuously from outcrop or across mineralized structures, was bagged and sealed on site. All samples were delivered by Lithium Chile’s staff to the ALS prep-lab in La Serena for processing. ALS subsequently shipped a 30g sub-sample pulp to their laboratory in Lima, Peru where they were analyzed for gold by fire assay pre-concentration, AA finish and 35 other elements, including copper and silver, by the ICP technique following Agua Regia digestion.

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 now also owns 5 properties that are prospective for gold, silver and copper. The Carmona property lies in the heart of the Chilean Mega Porphyry copper, gold and silver 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@goldenrock.cl.

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 assay results and plans for follow up exploration activities,.

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.