Argentina Lithium Closes Over-Subscribed Non-Brokered Private Placement

Terminal City Club Tower, Suite 312 - 837 West Hastings Street

Vancouver, BC CANADA V6C 3N6 TSX Venture Exchange (TSX-V): LIT

Tel: 604-687-1828 • Fax: 604-687-1858 • Toll Free: 1-800-901-0058 Frankfurt Stock Exchange (FRA): OAY1 (WKN: A0RK7E)

www.argentinalithium.com [email protected] OTCQB Venture Market (OTC): PNXLF

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NEWS RELEASE – January 14, 2020

Argentina Lithium Closes Over-Subscribed

Non-Brokered Private Placement

Vancouver, BC / Stockwatch / January 14, 2020 / Argentina Lithium & Energy Corp . (TSX-V: LIT,

FSE: OAY1 (WKN: A0RK7E ), OTC: PNXLF) , (“Argentina Lithium” or the “Company”) is pleased to

announce it has closed the n on-brokered private placement financing announced on December 6, 2019

through the issuance of 14, 540,000 units (“Units”) at a subscription price of $0.0 5 per Unit for aggregate

gross proceeds to the Company of $727,000.

Each Unit consist s of one common share and one transferrable common share purchase warrant (a

“Warrant”). Each W arrant will entitle the holder thereof to purchase one additional common shar e in the

capital of the Company at $0.10 per share for two years from the date of issue.

The proceeds of the financing will be used for general working capital.

Certain insiders of the Company participated in the Private Placement for $ 125,000 in Units. Such

participation represents a related -party transaction under Multilateral Instrument 61 -101 - Protection of

Minority Security Holders in Special Transactions (“ MI 61-101”), but the transaction is exempt from the

formal valuation and minority shareholder approval requirements of MI 61 -101 as neither the fair market

value of the subject matter of the transaction, nor the consideration paid, exceed 25% of the Company’s

market capitalization.

This financing is subject to regulatory approval and all securities to be issued pursuant to the financing are

subject to a four-month hold period expiring on May 14, 2020.

ON BEHALF OF THE BOARD

“Nikolaos Cacos”

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Nikolaos Cacos, President, CEO and Director

For further information please contact:

Corporate Communications

Tel: 1-604-687-1828

Toll-Free: 1-800-901-0058

Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts

responsibility for the adequacy or accuracy of this release.