Argentina Lithium Expands Holdings, Plans Up to 10,000 metres of Drilling at Lithium Projects
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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 – November 16, 2017
Argentina Lithium Expands Holdings, Plans Up to 10,000 metres of
Drilling at Lithium Projects
Vancouver, BC / Marketwired / November 16, 2017 / Argentina Lithium & Energy Corp. (TSX-V: LIT,
FSE: OAY1 (WKN: A0RK7E ), OTC: PNXLF), “Argentina Lithium ” or the “Company”) is pleased to
provide an update on exploration programs on its two active lithium exploration projects at the Arizaro and
Incahuasi salars located in the prolific Lithium Triangle in Argentina. Due to an increase in activities, a new
Project Manager is being hired to manage exploration moving forward.
The Company has recently expanded the property holdings at the Arizaro project in Salta province by an
additional 7,030 ha. Geophysical and seismic surveying is the next step prior to a Phase II drill program to
test for deep brines.
At the new wholly -owned Incahuasi project in Catamarca province , the Company plans to move directly
into a first drill program, and is now in the process of obtaining permits to do so. The Company recently
announced the acquisition of the property which controls the entire salar as well as initial surface sampling
and VES geophysical results (See press release dated November 6, 2017). The results included samples
of 409 mg/l Lithium at surface.
It is expected that the two properties will see up to 10,000 metres of drilling collectively.
“We are very encouraged by the results to date at these two large and promising projects,” said Nikolaos
Cacos, President and C.E.O. “We are happy to now be stepping up the pace of work and we expect the
next six months to provide significant data at Arizaro and Incahuasi.”
About the Arizaro Lithium Project
The Company has the option to earn a 100% interest in the Arizaro Lithium Brine Project, including 27,530
hectares in the central core of the Arizaro Salar, the largest in Argentina and third largest in the "Lithium
Triangle". Very little historic exploration work has been done on the Arizaro Salar, however the central area
is interpreted to have the geologic conditions to be the most prospective for quality brine resources.
Furthermore, the Arizaro Salar benefits from a strategic location for infrastructure, including: a railway that
connects to the deep water port of Antofagasta, nearby advanced mining projects that are expected to bring
significant development of access routes and power, and the availability of water for development. The
Company recently amended its option agreement for the Arizaro project to defer US$650,000 of the
November 1st 2017 payment to December 1 st, 2017. A payment of US$200,000 was made on November
1st as originally scheduled.
About the Incahuasi Lithium Project
The Company has acquired a 100% interest in, or has under application, mineral rights totaling 2 3,700
hectares covering the entire Incahuasi salar and basin in Catamarca Province, Argentina. The salar is
situated within the "Lithium Triangle" of Argentina and Chile, and has characteristics prospective for lithium-
rich brines. Initial sampling of near-surface brines has returned up to 409mg/L lithium, and geophysical
surveying indicates the potential for lithium-rich brines at depth.
News Release November 16, 2017
Argentina Lithium & Energy Corp. Page 2
Qualified Person
The contents of this news release have been reviewed and approved by David Terry, Ph.D., P.Geo ., a
Director of the Company and a Qualified Person as defined in National Instrument 43 -101.
About Argentina Lithium
Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in Argentina, and
advancing them towards production in order to meet the growing global demand from the battery sector.
The management group has a long history of success in the resource sector of Argentina, and has
assembled a first rate team of experts to acquire and advance the best lithium properties in th e world
renowned “Lithium Triangle”. The Company is a member of the Grosso Group, a resource management
group that has pioneered exploration in Argentina since 1993.
ON BEHALF OF THE BOARD
“Nikolaos Cacos”
_______________________________
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.
This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore
involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are
encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future
results. The Company undertakes no obligation to publicly update or revise any forward -looking statements. We advise U.S. investors that
the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral
deposits on adjacent properties are not indicative of mineral deposits on our properties.