Argentina Lithium Signs Definitive Agreement to Acquire Rincon West and Pocitos Properties in Salta Province

Argentina Lithium Signs Definitive Agreement to Acquire Rincon West and

Pocitos Properties in Salta Province

TSX Venture Exchange (TSX-V):

LIT

Frankfurt Stock Exchange (FSE):

OAY3

OTCQB Venture Market (OTC):

PNXLF

VANCOUVER, BC

,

Oct. 14, 2021

/CNW/ -

Argentina Lithium & Energy Corp.

(TSXV: LIT) (FSE: OAY3) (OTC: PNXLF),

("Argentina Lithium" or the

"Company")

is pleased to announce that further to its news release of

September 28, 2021

, the Company has signed a Definitive Agreement (the "

Agreement

")

with the vendors. The terms of the Agreement remain the same as were disclosed in the

September 28, 2021

news release.

"With the agreement finalized, we can begin planning for an expedited exploration and drilling program. These properties hold exceptional lithium discovery

potential

,"

stated

Nikolaos Cacos

, President and C.E.O.

The Agreement is subject to TSX Venture Exchange approval.

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 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

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.

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https://www.prnewswire.com/news-releases/argentina-lithium-signs-definitive-agreement-to-acquire-rincon-west-and-pocitos-properties-in-salta-province-301400111.html

SOURCE

Argentina Lithium & Energy Corp.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/October2021/14/c8900.html

%SEDAR: 00019719E

For further information:

Corporate Communications, Tel: 1-604-687-1828, Toll-Free: 1-800-901-0058, Email: [email protected]

CO: Argentina Lithium & Energy Corp.

CNW 07:00e 14-OCT-21