Mr. Steven Cochrane reports

LITHIUM CHILE COMMENCES DRILLING AT TURI LITHIUM BRINE PROJECT IN CHILE

CALGARY, ALBERTA, June 11, 2020 – Lithium Chile Inc. (“Lithium Chile” or the “Company”} is pleased to announce it has closed on the final $745,000 of its previously announced $1,500,000 private placement of units (the “Offering”}. The Offering was fully subscribed and the closing of this final tranche now provides the Company with the necessary funds to move forward on its business and exploration plans. The Company plans to initiate its exploration program on its Carmona gold/silver prospect by the end of the month. The initial program will consist of geological mapping and sampling of the largest of four, 2 -4 km2 high sulfidation epithermal gold-silver bearing alteration zones with historic mine production grades from 0.5-1.Sm wide veins of 50 -76 g/t gold plus 780 -1,153 g/t silver. This initial work program is scheduled until the end of August as weather permits.

The Company plans to move its exploration team from the Carmona property to its Laguna Blanca lithium/cesium prospect upon completion or the Carmona exploration program. The exploration program planned for Laguna Blanca is designed to further delineate the resource potential of the 8+ km2 area of cesium and lithium enriched salt deposits identified in the late 2018 reconnaissance geochemical sampling program.
Pursuant to the final tranche of the Offering, Lithium Chile paid cash commissions to qualified non-related parties of $60,800 and issued 608,000 broker warrants (the “Broker Warrants”}. Each Broker Warrant entitles the holder to acquire one common share of the Company at a price of $0.10 per Broker Warrant for a period of 12 months from the date of issuance.
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.

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 a property portfolio that is prospective for gold, silver, and copper including the Carmona property which lies on the western flank of Chile’s Mega Porphyry Copper­Gold Belt upon which exploration work is to commence.
Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTC­QB 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, VP 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.