LITH.V · 2018-10-11 12:00:00

Lithium Chile Continues to Intercept Lithium Brines on its Olllague Drill Program

Exploration Programs

Lithium Chile Continues to Intercept Lithium

Brines on its Olllague Drill Program

TSX Venture Exchange: LITH

OTC-QB: LTMCF

CALGARY

, Oct. 11, 2018 /CNW/ -

Lithium Chile Inc. ("Lithium Chile"

or the "Company"

)

pleased to announce it has encountered lithium bearing brines in three additional drill holes at its

wholly owned Ollague Project,

Chile

. Results for OLL-01-18, OLL-02-18, OLL-03-18 and OLL-04-18

are outlined in the table below. Drilling continues to confirm the reliability of TEM geophysical profiles

in identifying the brine carrying highly conductive zones. In addition, the drilling suggests that lithium

grades increase with depth.

Main Low Resistivity TEM Zone Lithium Grade Variation with Depth

OLL-01-18

OLL-03-18

OLL-04-18

Depth

(m)

mg/l

Depth

(m)

mg/l

Depth

(m)

mg/l

150

270

2000

2070

190

210

3000

4460

190

210

2700

3810

170

260

2400

2530

210

200

2800

4180

210

250

2500

3230

190

370

3500

3505

230

200

2700

3690

230

220

2600

3320

210

360

3400

250

210

2800

3790

250

270

3300

3490

230

380

3600

Zone open to depth

250

460

4300

270

480

4500

Base of Zone 290m

Holes three and four were drilled on the northern block approximately 10 kms from hole one. These

holes were located in the center of the salar rather than on the edge like holes one and two. The

TEM surveys indicated that the conductive target zone was deeper in this sector of the north block.

These brines tested lithium grades starting at 150 mg/l and increasing to 270 mg/l when the

holes reached their 250 meters contracted depth.

These grades were comparable to the grades

seen in the upper 50-

70m

of the same TEM zone encountered in hole one. These improving grades

as holes three and four were drilled deeper reinforces the company's decision to test the deeper

limits of the aquifer by drilling hole five.

Ollague Project - IEM Geophysics (Profile L2) (CNW Group/Lithium Chile Inc.)

Main Low Resistivity TEM Zone Lithium Grade Variation with Depth

OLL-02-18

Depth

(m)

mg/l

150

220

2600

1200

170

230

2800

2520

Zone open to depth

Hole two was drilled two kms south of hole 1 and entered the top of the structure at approximately

130 meters. Grades were increasing from 100 mg/l to 230 mg/l at 170 meters when the drill rods

became jammed in the lose sand and gravels of the formation. Subsequent efforts to release the

rods involving the pumping of large quantities of fresh water into the hole rendered further samples

meaningless. Eventually the hole was abandoned as the rods were unable to be freed.

Steve Cochrane President

and CEO of Lithium Chile commented, "We are extremely pleased that

our drilling program continues to show good lithium grades. The fact these grades improve with the

depth of the holes justify the company's decision to target the much deeper zones on hole five. It is

also important to note that with the drilling of holes one and two we have identified a 4 km

zone on

our southern block and with holes three and four a 10 km

zone on our larger norther block with

significant lithium grades."

Hole number 5 has been drilled to a total depth of 354 meters where complications with the drilling

forced the abandonment of the hole. Samples were collected from 170 meters with the last sample

having been taken at 350 meters. These samples will now be sent to ALS for analysis.

Lithium

Chile

is also pleased to announce that the rig is now being mobilized from Ollague to the

Salar de Coipasa in anticipation of our next drill program getting underway soon. Coipasa at 12,900

is our second largest property in the Andean lithium belt.

Qualified Person

Mr.

Terence Walker

, M.Sc., P.Geo, qualified person within the meaning of National Instrument 43-

101, has reviewed the contents of this news release. Individual brine samples were collected at

20m

intervals down hole bye means of a double valve bailer after the hole had been flushed. The brine

samples were collected in new 1 litre screw top sterile bottles that were sealed and tagged at the

sample site. All samples were shipped to ALS Patagonia Laboratories, La Serena,

Chile

, where they

were prepared and then subsequently shipped to the ALS Laboratory in

Vancouver, Canada

where

the brine analyses were performed.

About Lithium Chile

Lithium

Chile

is advancing a lithium property portfolio consisting of 155,800 hectares covering

sections of 14 salars and 1 laguna complex in

Chile

Lithium

Chile's

common shares are listed on the TSX-V under the symbol "

LITH

" and on the OTC-

QB under the symbol "

LTMCF

On Behalf of the Board of Directors,

LITHIUM

CHILE

INC.

Steven Cochrane

President & CEO

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.

Lithium

Chile

has retained Nice Vice Capital Inc to provide marketing services.

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. In particular, this news

release contains forward-looking statements relating to, among other things, management of the

Company's views regarding the current and subsequent drilling programs.

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; the success the Company will have in

exploring its prospects and the results from such 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.

SOURCE

Lithium Chile Inc.

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http://www.newswire.ca/en/releases/archive/October2018/11/c5306.html

%SEDAR: 00030645E

For further information:

To find out more about Lithium Chile Inc., please contact Steven

Cochrane, President and CEO via e mail: [email protected] or alternately, Jeremy Ross, VP

Business Development, at (604) 537-7556 or via email: [email protected]

CO: Lithium Chile Inc.

CNW 08:00e 11-OCT-18

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