Lithium Chile Announces Warrant Extension

LITHIUM CHILE ANNOUNCES WARRANT EXTENSION

TSX Venture Exchange: LITH For Immediate Release

OTC-QB: LTMCF

CALGARY , ALBERTA, June 14, 2024 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to

announce that it intends to extend the expiry date of an aggregate of 6,922,817 outstanding common

share purchase warrants (" Warrants") issued by the Company as part of a unit of the Company in

connecƟon with a non-brokered private placement announced on October 25, 2021, and further amended

on October 26, 2021 and on October 29, 2021 (the "2021 Warrants"). The expiry date of the 2021 Warrants

was extended to June 30, 2024 as approved by the TSX Venture Exchange (the " TSXV") following the

Company's proposal to extend the 2021 Warrants as announced on October 17, 2023. The Company

proposes to extend the expiry date of the 2021 Warrants to September 30, 2024 (the " 2021 Warrant

Extension").

In addiƟon, the Company proposes to extend the expiry date of an aggregate of 5,774,279 Warrants issued

by the Company as part of a unit of the Company in connec Ɵon with a non -brokered private placement

announced on December 21, 2021, and further amended on January 24, 2022 (the "2022 Warrants"). The

expiry date of the 2022 Warrants was extended to June 30, 2024 as approved by the TSXV following the

Company's proposal to extend the 2022 Warrants as announced on January 12, 2024. The Company

proposes to extend the expiry date of the 2022 Warrants to September 30, 2024 (the " 2022 Warrant

Extension", and together with the 2021 Warrant Extension, the "Extension").

Management believes this extension is jusƟfied to ensure that warrant holders have the opportunity to

fully parƟcipate in the spin-out of shares of Lithium Chile’s two new subsidiaries, Lithium Chile 2.0 Inc. and

Kairos Gold Corp. (see Lithium Chile news releases dated April 18, 2024).

The Extension is subject to approval by the TSXV. The Company intends to issue an updated news release

upon receipt, if any, of the Warrant Extension Approval.

The securiƟes being offered have not been, nor will they be, registered under the United States SecuriƟes

Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or

benefit of, U.S. persons absent registraƟon or an applicable exempƟon from the registraƟon requirements.

This news release will not consƟtute an offer to sell or the solicitaƟon of an offer to buy nor will there be

any sale of the securiƟes in any state in which such offer, solicitaƟon or sale would be unlawful.

ABOUT LITHIUM CHILE:

Lithium Chile is an explora Ɵon and lithium resource company with a property por ƞolio consis Ɵng of

111,978 hectares in Chile and 29,245 hectares in ArgenƟna. The Company has filed its NI 43 -101 Report

and Preliminary Economic Assessment, which can be viewed on the Company’s profile at SedarPlus.ca

Lithium Chile also owns 4 proper Ɵes, totaling 21,329 hectares, that are prospec Ɵve for gold, silver and

copper. ExploraƟon efforts are conƟnuing on Lithium Chile’s Carmona gold/silver/copper property which

lies in the heart of the Chilean mega porphyry gold/ silver/copper belt.

Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTC-QB 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, Vice President and COO, via email [email protected].

FORWARD LOOKING STATEMENTS:

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.

NOT FOR RELEASE IN THE UNITED STATES:

This news release may contain certain forward-looking informaƟon and forward-looking statements within

the meaning of applicable securi Ɵes legisla Ɵon (collec Ɵvely "forward-looking statements"). Generally,

forward-looking statements can be iden Ɵfied by the use of forward -looking terminology such as

"expected", "anƟcipated", "aims to", "plans to" or "intends to" or variaƟons of such words and phrases or

statements that certain acƟons, events or results "will" occur. Such forward-looking statements are based

on various assumpƟons and factors that may prove to be incorrect, including, but not limited to, factors

and assumpƟons with respect to: the general stability of the economic and poliƟcal environment in which

the Company operates; and the Ɵmely receipt of required regulatory approvals. You are cau Ɵoned that

the foregoing list of material factors and assump Ɵons is not exhaus Ɵve. Although Lithium Chile believes

that the assumpƟons and factors on which such forward -looking statements are based upon reasonable

assumpƟons, undue reliance should not be placed on the forward -looking statements because Lithium

Chile can give no assurance that they will prove to be correct or that any of the events anƟcipated by such

forward-looking statements will transpire or occur, or if any of them do, what benefits Lithium Chile will

derive there from. Lithium Chile does not undertake to update any forward-looking statements herein,

except as required by applicable securi Ɵes laws. All forward -looking statements contained in this news

release are expressly qualified by this cauƟonary statement.