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.

Electric vehicle sales expected to grow 50% in 2021

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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.

‘Elon is watching us’: Calgary

The Case on Lithium

INTRODUCTION

Lithium is one of the most critical metals in modern industry, with uses ranging from aeronautics with light lithium alloys to medicine. The most important usage nowadays is Lithium-ion Batteries (LIBs), offering long term relevance. Lithium has been gaining investor interest, largely due to forecast demand growth in the rechargeable LIBs market. The price of lithium has been falling since its peak in April 2018 (Figure 1) at $20,000 per Metric Ton, due to speculated oversupply and a slower rise of demand than predicted.

This report gives an overview of the lithium industry: what lithium is and what its uses are; the extraction methods, innovations in the extraction market and the various lithium products; where the lithium resources are; alternatives to lithium in LIBs and renewable energy storage; future lithium demand and the investment case, with respect to the supply and demand factors in the market.

Read the full report/download the pdf

Lithium Chile’s Expanded Carmona Gold Property Continues To Return High Grade Gold And Silver Grades Up To 21.4 Gms/tonne Gold And Up To 329 Gms/tonne Silver From Second Sampling Program

CALGARY, ALBERTA, September 17, 2020 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce it has received assay results from the second set of samples taken from its 100% owned Carmona gold and silver property. These assay results are from samples taken on additional claims recently staked which are adjacent to the Company’s existing Carmona claims. The highlights are as follows:

• Assays are from initial reconnaissance rock and sediment sampling eight kilometers west of the main Carmona claims on newly acquired Carmona-Garillas claims block.
• Assays results from rock chip samples range from 1.4 -21.4 g/tonne gold and 3-329 g/tonne of silver.
• The area of the claims sampled to date covers a three-square km zone of hydrothermal alteration containing gold-silver rich veins and breccia zones hosting several active artisanal workings.

The Company is extremely pleased with these initial positive results and plans to immediately conduct detailed infill sampling on additional areas to the west such that the balance of the claim block area has been sampled. During the Company’s recent exploration program of detailed geological mapping and sediment and rock sampling, an additional 380 samples were taken over the south zone of the main Carmona claim block. Assay results from this second phase program are expected over the next 30 days.

Steve Cochrane, President and CEO of Lithium Chile commented, “We are extremely pleased to see such good gold and silver grades coming out of our current Carmona exploration program. We see significant potential in this property and these recent assay results continue to reinforce our expectations.”

The Company also wishes to provide an update of the current situation in Chile as it relates to the COVID 19 Pandemic. While a state of emergency still exists in Chile with restrictions on-road travel and health checks in certain communities and at border crossings, some communal restrictions are being lifted. Airports are now open and domestic flights are being made throughout the country although on a reduced schedule. Santiago is returning to relative normality and it is anticipated the Chilean Courts will re-open to allow for more cases to be heard. With restrictions slowly being lifted throughout the country, Lithium Chile hopes that its Coipasa compensation hearing will proceed early this fall.

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 soil sediment sample was sieved in the field to obtain approx. I kg of 18 mesh fines which was 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 Chiles staff to the ALS prep-lab in La Serena for processing. ALS subsequently shipped 30g sub-samples of 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 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, Jeremy Ross, Business Development, at (604) 537-7556 or via email: jeremy@lithiumchile.ca. Chilean contact is Terry Walker, VP Exploration at (011) 562 2455-6473 or via email: twalker@goldenrock.cl.

Lithium Chile Anounces 26 Gms/tonne Gold And 256 Gms/tonne Silver From Initial Programme On Its 100% Owned Carmona Property

CALGARY, ALBERTA, September 3, 2020 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce it has received assay results from the first batch of samples taken from its 100% owned Carmona gold-silver property. These initial sample results support the potential for Carmona to host a number of gold/silver-bearing zones. There were a number of high-grade intercepts identified from this initial sampling program. The highlights are as follows:
• Gold and silver values from rock samples range from 0.5 to 26.2 g/t gold and 2.1 to 256 g/t silver;
• Highest grade sample of 26.2 g/t gold is from a newly discovered zone within the northern half of a 13 km2 central area;
• Phase 1 samples are from the central core alteration zone which lies along a structural axis through the central portion of the property;
• Anomalous samples cluster into three main areas from six to 13 km2 and totaling 26 km2;
• The southernmost area includes several old mine workings and rock samples from some of these workings ranged from 12.4 to 18.3 g/t gold and 95.4 to 231 g/t silver over widths of 1.5 to 2.0 meters

The Company expects to receive assays from an additional batch of rock samples by mid-month. The exploration team returned to the property on August 28 to start the phase 2 detailed follow up sampling and trenching program on an expedited basis.

Steve Cochrane, President, and CEO of Lithium Chile comments, “We are extremely pleased with the initial sample results from our Carmona gold/silver prospect. These early samples confirm the potential for Carmona to host a number of gold/silver deposits. We now have an expanded exploration program on the property underway and look forward to additional results soon. With the high level of interest in gold these days and indeed Lithium Chile’s gold properties, it is our intention to advance exploration development on these prospects as quickly as possible.”

Qualified Person

Mr. Terence Walker, M.Sc., P.Geo, a 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 Chiles 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 110,280 hectares covering sections of 11 salars and two laguna complexes in Chile.

Lithium Chile now also owns 5 properties that are prospective for gold, silver and copper. The Carmona and La Fortuna properties lie in the heart of the Chilean Maricunga gold 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, Jeremy Ross, Business Development, at (604) 537-7556 or via email: jeremy@lithiumchile.ca. Chilean contact is Terry Walker, VP Exploration at (011) 562 2455-6473 or via email: twalker@goldenrock.cl.

Lithium Chile Announces Tsx Approval For Joint Venture With Apollo Gold On Apolo And Sancarron Gold Properties

CALGARY, ALBERTA, August 12, 2020 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce it has been notified by Apollo Gold (APGO-V) that the TSX has approved their joint venture agreement on the Apolo and Sancarron prospects as announced in an Apollo Gold press release dated April 2, 2020. The approval will allow for Apollo’s exploration program to commence as soon as possible, and the second payment of $50,000 to be made to Lithium Chile.

As announced in a Lithium Chile press release dated April 8th, the company entered into a joint venture agreement, dated March 25 2020, where Apollo gold had the right to earn up to 90% in the Apolo and Sancarron concessions by making total cash payments to Lithium Chile of $1,350,000 and incurring an aggregate $5,000,000 of expenditure on the properties over a maximum of 5 years.

It is currently anticipated that Apollo Gold will launch an initial work program on the properties in November of 2020 to coincide with spring in Chile. This initial program is designed to test and expand on prior sampling programs undertaken on the properties.

Steve Cochrane, President, and CEO of Lithium Chile comments, “We are excited now that Apollo Gold has received final approval from the TSX on our joint venture agreement. We look forward to Apollo’s work program as it will help support our belief in the exploration potential of not only Apolo and Sancarron but all of our properties.”

About Lithium Chile

Lithium Chile is advancing a lithium property portfolio consisting of 110,280 hectares covering sections of 11 salars and two laguna complexes in Chile.

Lithium Chile also owns the Carmona and La Fortuna gold-silver-copper properties that lie on the western flank of Chile’s Mega porphyry copper-gold 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, Jeremy Ross, Business Development, at (604) 537-7556 or via email: jeremy@lithiumchile.ca. Chilean contact is Terry Walker, VP Exploration at (011) 562 2455-6473 or via email: twalker@chilelithium.cl.