Argentina Lithium Increases 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 (FSE): OAY1

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

____________________________________________________________________________________________

NEWS RELEASE – March 30, 2021

NOT FOR DISTRIBUTION TO THE UNITED STATES

Argentina Lithium Increases Non-Brokered Private Placement

Vancouver, BC / CNW / March 30, 2021 / Argentina Lithium & Energy Corp. (TSX-V: LIT, FSE: OAY1,

OTC: PNXLF), (“Argentina Lithium” or the “Company”) announces that due to high investor demand,

the Company has increased the private placement amount announced on March 29, 2021 from $504,000

to $720,000 consisting of 8 million units (the “Units”) at $0.09 per Unit.

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

“warrant”). Each Warrant will entitle the holder thereof to purchase one additional common share in the

capital of the Company at $0.15 per share for three years from the date of issue.

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 under applicable Canadian securities laws. Directors, officers and

employees of the Company may participate in a portion of the financing. A commission may be paid on a

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

About Argentina Lithium

Argentina Lithium & Energy Corp is focused on acquiring h igh 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 the 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]

News Release March 29, 2021

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.

The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as am ended,

or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U. S. persons

absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release d oes not

constitute an offer for sale of securities in the United States.