Lithium Chile Awarded Ceol, Securing Exclusive Rights FOR Lithium Development ON the Coipasa Salar, Chile
LITHIUM CHILE AWARDED CEOL, SECURING EXCLUSIVE RIGHTS FOR
LITHIUM DEVELOPMENT ON THE COIPASA SALAR, CHILE
TSX Venture Exchange: LITH For Immediate Release
OTC-QB: LTMCF
CALGARY, ALBERTA, April 23, 2025 – Lithium Chile Inc. (“Lithium Chile” or the “Company”)
is pleased to announce that through its 100 %-owned Chilean subsidiary, Kairos
Inversiones SPA, together with its 50% joint venture partner, Grupo Errázuriz (“Grupo”),
it has been officially awarded a Special Lithium Operation Contract (Contrato Especial de
Operación de Litio , or “CEOL”) by the Government of Chile — marking the first time in
Chile’s history that exclusive rights to explore, develop, and produce lithium have been
granted under Chile’s newly constituted national lithium strateg y. The CEOL has been
awarded on the Company’s Coipasa salar located in northern Chile.
Issued under Resolution Exenta No. 862 , the CEOL marks a historic achievement for the
Company and its partner, who are one of only three private -sector groups—alongside
Eramet and the Eramet -Codelco-Quiborax consortium—to have been awarded CEOLs .
The national lithium strategy introduced by President Gabriel Boric was de signed to
expand Chile’s role in the global lithium supply chain through state -supported public -
private partnerships that prioritize environmental stewardship, technical excellence, and
meaningful engagement with indigenous communities. Lithium Chile is honored to be
among the first participants in this transformative initiative to take this critical step
toward unlocking the significant lithium potential of the Salar de Coipasa with a
commitment to sustainable exploration and development.
Steven Cochrane, President and CEO of Lithium Chile commented: “This CEOL award is a
foundational step for Lithium Chile and our partner, Grupo Errázuriz. We are pleased that
the Chilean government has confidence in our ability to develop the Coipasa project
responsibly and effectively. We are proud to be one of the few companies—among world-
class mining peers —selected to participate in this project which marks a new era of
lithium development in Chile . Coipasa, being one of only three projects awarded out of
more than 80 expressions of interest submitted just 10 months ago , makes this
achievement even more meaningful.”
The CEOL provides the joint venture with the legal and operational framework to advance
the development of the Coipasa salar, one of Chile’s most prospective salt flats. Project
activities will be carried out in close coordination with local stakeholders a nd in
accordance with the agreements established during the community and indigenous
consultations, which will commence immediately.
It is important to note that the Government of Chile required applicants to demonstrate,
among other criteria, ownership or control of the mining concessions and technical
expertise in lithium exploration and development. Lithium Chile and its partner Grupo
Errázuriz, satisfied these criteria. More details regarding the CEOL, project development
plans, and next steps will be announced as they become available.
ABOUT GRUPO ERRÁZURIZ
Grupo Errázuriz is a leading Chilean conglomerate with a strong track record across 15
sectors, including mining, real estate, agriculture, and finance. The group is known for its
strategic leadership and commitment to innovative, sustainable development in Chile.
ABOUT LITHIUM CHILE
Lithium Chile Inc. is an exploration company with a portfolio of 11 properties spanning
107,936 hectares in Chile and 29,245 hectares on the Salar de Arizaro in Argentina. The
Company has successfully advanced its Arizaro project with the completion of an NI 43-
101 compliant Resource Report , a Preliminary Economic Assessment and then a
Prefeasibility Study, all of which are accessible on SedarPlus.ca under Lithium Chile’s
profile.
Lithium Chile’s common shares are listed on the TSX -V 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] or phone: 587-393-1990.
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 AND RISK FACTORS:
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 statements can be identified us ing forward -looking terminology such as
"expected", "anticipated", "aims to", "plans to" or "intends to" or variations of such words and phrases or
statements that certain actions, events or results "will" occur. Such forward-looking statements are based
on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors
and assumptions with respect to the general stability of the economic and political environment in which
the Company operates and the timely receipt of required regulatory approvals.
Readers are cautioned that the foregoing risk factors are not exhaustive. 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 anticipated by forward -looking statements will transpire or
occur, or if any of them do, what benefits Lithium Chile will derive th erefrom. Similarly, the risk factors
listed above are not exhaustive and other risk factors that have not been anticipated may become
apparent as Lithium Chile proceeds to Closing. Lithium Chile does not undertake to update any forward-
looking statements herein, except as required by applicable securities laws. All forward -looking
statements contained in this news release are expressly qualified by this cautionary statement.