LIT.V · 2018-01-24 12:00:00

Argentina Lithium Financing Oversubscribed to Raise $4.1M; Final Tranche of Non-Brokered Private Placement Closed

Financings

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 24, 2018

Argentina Lithium Financing Oversubscribed to Raise $4.1M;

Final Tranche of

Non-Brokered Private Placement Closed

Vancouver, BC / Globe Newswire / January 24, 2018 / 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 second and final tranche of the n on-brokered private placement financing

announced on November 21, 2017 and December 12, 2017 consisting of 5,422,718 units in this tranche

for a total of 12,472,275 Units at a price of $0.33 per unit for gross proceeds of $4,115,850.

Each unit will consist of one common share and one transferrable common share purchase warrant. Each

warrant will entitle the hol der thereof to purchase one additional common share in the capital of the

Company at $0.40 per share for two years from the date of issue. If the volume weighted average price for

the Company's shares is $ 0.60 or greater for a period of 5 consecutive trading days, then the Company

may deliver a notice (the "Notice") to the warrantholder that the Warrants must be exercised within twenty

(20) days from the date of delivery of such Notice, otherwise the Warrants will expire at 4:30 p.m.

(Vancouver time) on the twenty-first (21st) day after the date of delivery of the Notice. The accelerated

exercise shall not apply until the expiration of the four-month hold period required under Exchange policies

and securities laws that are applicable to the Company, being May 23, 2018.

Finder's fees of $ 76,369.02 are payable in cash on a portion of this tranche of the private placement to

parties at arm’s length to the Company. In addition, 231,421 non-transferable finder’s warrants are issuable

(the “Finder’s Warrants”) for this tranche. Each Finder’s Warrant entitles a finder to purchase one common

share at a price of $0.40 per share for two years from the date of issue, expiring on January 23, 2020. The

Finder’s Warrants are also subject to the above accelerated exercise provisions.

The proceeds of the financing will be used for exploration programs on the Company’s projects in Argentina

and for general working capital.

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

subject to a four-month hold period expiring on May 23, 2018.

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

News Release January 24, 2018

Argentina Lithium & Energy Corp. Page 2

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.