Lithium Chile Provides Update ON Corporate Actions

LITHIUM CHILE PROVIDES UPDATE ON CORPORATE ACTIONS

TSX Venture Exchange: LITH For Immediate Release

OTC-QB: LTMCF

CALGARY, ALBERTA, September 2 5, 2023 – Lithium Chile Inc. (“Lithium Chile ” or the “ Company”) is

pleased to provide an update on its corporate actions.

On March 9, 2023, Lithium Chile confirmed in a news release that it had received an expression of interest

for the potential acquisition of certain Lithium Chile assets. Not only have those discussions progressed ,

but the Company has received additional interest from other unrelated third parties. As a result, Lithium

Chile has now retained P I Financial Corp. (“ PI Financial”) as its corporate financial advisor to assist in

evaluating various options on behalf of the Board of the Company and its shareholders.

Lithium Chile remains focussed on its growth strategy which includes the valuation of key properties and

expressions of interest therein. The advancement of the Company’s Salar de Arizaro project and

subsequent robust Preliminary Economic Assessment (“ PEA”) has generated various opportunities for

Lithium Chile.

Steve Cochrane, President and CEO: "We are flattered but not surprised to have received so much interest

in our assets as they are among the best lithium salars in South America. P I Financials appointment will

help us to deliver maximum value for our shareholders."

The Company cautions that there are no assurances that the evaluation of potential options to maximize

shareholder value will result in the approval or completion of any specific transaction or outcome. The

Company does not intend to comment further unless and until the Board of Directors approves a specific

transaction, concludes its review, or determines that further disclosure is appropriate or required.

ABOUT PI FINANCIAL:

Established in 1982, PI Financial is a leading, full-service, independent investment dealer, providing a full

range of investment products and services to corporate and institutional investors. PI Financial has been

advising and servicing the capital needs of the global mining industry for over 30 years with its very

specialized and focused group of professionals.

ABOUT LITHIUM CHILE:

Lithium Chile is an exploration and lithium resource company with a property portfolio consisting of

111,978 hectares in Chile and 20,800 hectares in Argentina. 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 properties, totaling 21,329 hectares , that are prospective for gold, silver and

copper. Exploration efforts are continuing 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].

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") ,

including without limitation, whether the evaluation of potential options will lead to the approval or

completion of any specific transaction or option. 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. You are cautioned that the foregoing list of material factors and assumptions is not

exhaustive. A descripti on of assumptions used to develop such forward -looking information and a

description of risk factors that may cause actual results to differ materially from forward -looking

information can be found in Lithium Chile's disclosure documents on the SEDAR+ webs ite at

www.sedarplus.ca. Although Lithium Chile believes that the assumptions and factors on which such

forward-looking statements are based upon reasonable assumptions, 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 such forward -looking statements will transpire or occur,

or if any of them do, what benefits Lithium Chile will derive therefrom. 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.