Lithium Chile Announces Effective Date of Copper/GOLD/Silver Property Spin Out TSX Venture Exchange: "LITH"
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LITHIUM CHILE ANNOUNCES EFFECTIVE DATE OF
COPPER/GOLD/SILVER PROPERTY SPIN OUT
TSX Venture Exchange: "LITH" FOR IMMEDIATE RELEASE
CALGARY, ALBERTA, December 2, 2024 – Lithium Chile Inc. ("Lithium Chile" or the "Company")
is pleased to announce that it has received TSX Venture Exchange approval of the previously announced
"spin out" transaction of its subsidiary, Kairos Gold Inc. ("Kairos Gold") into a stand -alone company
owning the Chilean gold, copper and silver properties previously held within Lithium Chile , to be
completed by way of a plan of arrangement involving Lithium Chile and Kairos Gold (the "Kairos
Arrangement"). The Kairos Arrangement will close effective December 4, 2024.
Pursuant to the Kairos Arrangement, shareholders of Lithium Chile will receive one (1) common share
of Kairos Gold (each a "Kairos Gold Share") for each ten (10) common shares of Lithium Chile (each a
"Lithium Chile Share") held by them on December 3, 2024, which is the distribution record date for the
Kairos Arrangement. Following the completion of the Kairos Arrangement, Kairos Gold will be a
reporting issuer pursuant to applicable securities laws.
Michelle DeCecco, Vice President & COO comments, “The completion of the spin out aligns with the
Company’s broader objective, which includes segregating assets in order to complete a transaction on
Arizaro as part of the strategic process initiated on September 21, 2023. Additionally, with gold prices
remaining strong and market fundamentals supporting sustained demand, this spin out provides our
shareholders with a meaningful opportunity to participate in a gold exploration venture leveraging
previously unvalued assets within Lithium Chile”.
Shareholders whose Lithium Chile Shares are held by a broker or other intermediary (or an agent or
nominee thereof) should contact their broker or other intermediary in respect of the receipt of their Kairos
Gold Shares pursuant to the Kairos Arrangement. Registered holders of Lithium Chile Shares will receive
confirmation of a book-entry deposit of their Kairos Gold Shares directly from the Kairos Gold transfer
agent.
Lithium Chile 2.0 Inc. Arrangement
The Company is also providing an update on the previously announced "spin out" transaction of its
subsidiary, Lithium Chile 2.0 Inc. ("LITH 2.0") into a stand-alone company owning the Chilean lithium
properties previously held within Lithium Chile, which is to be completed by way of a plan of
arrangement involving Lithium Chile and LITH 2.0 (the "LITH 2.0 Arrangement"). The completion of
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the LITH 2.0 Arrangement is subject to the successful conclusion by Lithium Chile of its strategic process
involving its Arizaro property, for which negotiations remain ongoing.
About Lithium Chile (TSX-V: LITH)
Lithium Chile is an exploration company with a property portfolio consisting of 11 properties
encompassing 106,136 hectares in Chile together with 29,245 hectares on the Salar de Arizaro in
Argentina. Lithium Chile Shares are listed on the TSX Venture Exchange under the symbol "LITH" and
on the OTCQB Under the symbol "LTMCF". To find out more about Lithium Chile, please contact Steven
Cochrane, President and CEO via email: [email protected] or Michelle DeCecco, COO via email:
[email protected]. Additional information about Lithium Chile may be found in its continuous
disclosure documents filed with Canadian securities regulators on SEDAR+.
About Kairos Gold
Kairos Gold is advancing a gold, copper and silver portfolio of 22,433 hectares over four projects in
Chile. Kairos Gold intends to initiate further exploration work on one of its prospects shortly. Additional
information about Kairos Gold may be found in its continuous disclosure documents filed with Canadian
securities regulators on SEDAR+.
On Behalf of the Board of Directors,
LITHIUM CHILE INC.
Steven Cochrane
President and Chief Executive Officer
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
(AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward Looking Statements
This news release may contain certain forward -looking information and forward -looking statements
within the meaning of applicable securities legislation (collectively "forward-looking statements ").
Generally, forward-looking information can be identified by the use of forward-looking terminology such
as "expects", "believes", "aims to", "plans to" or "intends to" or variations of such words and phrases or
statements that certain actions, events or results "will" occur.
You are cautioned that the following list of material factors and assumptions is not exhaustive. Specific
material factors and assumptions include, but are not limited to: the general stability of the economic
and political environment in which the Company operates; the timely receipt of required regulatory
approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange
and interest rates; operating costs; and the success the Company will have in exploring its prospects and
the results from s uch prospects. Accordingly, readers should not place undue reliance on forward -
looking statements. The Company does not undertake to update any forward-looking statements herein,
except as required by applicable securities laws. All forward-looking statements contained in this press
release are expressly qualified by this cautionary statement.