Lithium Chile Directors and Officers Exercise Options

LITHIUM CHILE DIRECTORS AND OFFICERS EXERCISE OPTIONS

TSX Venture Exchange: LITH For Immediate Release

OTC-QB: LTMCF

CALGARY, ALBERTA, July 17, 2025 – Lithium Chile Inc. (“Lithium Chile” or the “ Company”), is

pleased to announce that several directors and officers have exercised stock options previously

granted under the Company’s stock-based compensation plan.

A total of 475,000 options were exercised at a price of $0.51 per share, generating $245,250 in

proceeds to the Company. This insider participation reflects strong confidence in Lithium Chile’s

strategy and the ongoing progress toward closing a transaction which is expected to monetize

the Arizaro lithium project in Argentina.

The leadership team remains confident that the previously announced acquisition of the Arizaro

project is advancing towards closing , with both parties working toward finalizing definitive

agreements that reflect the material terms contained in the letter of intent entered into on

December 15, 2024.

Michelle DeCecco, COO of Lithium Chile comments; “While the Arizaro acquisition has taken

longer than anticipated, the transaction terms remain unchanged with both parties fully

committed to completing the transaction. The decision by our board members and the executive

team of Lithium Chile to exercise options is a powerful endorsement in the Company’s ability to

advance the Arizaro transaction and to exploit the Company’s remaining strong asset portfolio.

This includes our interests in the Coipasa salar in Chile, where Lithium Chile and its partner were

recently awarded one of only three lithium development production contracts granted by the

Chilean government.”

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 followed by 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 using 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.

Such forward-looking statements include, but are not limited to, statements regarding: (i) the closing of

the proposed sale, which remains subject to various risks, including the receipt of all necessary regulatory

approvals, including the approval from the TSX Venture Exchange; (ii) the requirement for execution of

definitive agreements in a form satisfactory to all parties involved; (iii) anticipated meetings with key

Argentine provincial authorities, including REMSa and the Ministry of M ining; and (iv) the ability of both

parties to satisfy all closing conditions set forth in the definitive agreements once executed.

Readers are cautioned that the foregoing risk factors are not exhaustive. Undue reliance should not be

placed on these forward -looking statements, as Lithium Chile can provide no assurance that the

expectations expressed herein will prove to be correct, or that any of the anticipated events or outcomes

will materialize, or if they do, what benefits the Company may derive. Similarly, the risk factors noted

above are not comprehensive, and additional risks, including unforeseen developments, may emerge as

the Company advances toward the closing of the proposed sale of the Arizaro project. As of the date of

this news release, the Board of Directors and management of Lithium Chile confirm that they are not

aware of any undisclosed material information related to the Company. Lithium Chile does not undertake

any obligation to update or revise these forward-looking statements, except as required under applicable

securities legislation. All forward-looking statements contained in this news release are expressly qualified

by this cautionary statement.