Lithium Chile Sees Opportunity as Lithium Production and Export License Granted to the Minera Salar Blanco (MSB) Confirms Change of Chilean Government Policy TSX Venture Exchange: "LITH"

Lithium Chile Sees Opportunity as Lithium Production and

Export License Granted to the Minera Salar Blanco (MSB)

Confirms Change of Chilean Government Policy

TSX Venture Exchange: "LITH"

CALGARY

,

March 15, 2018

/CNW/ - Lithium Chile Inc. ("

Lithium

Chile

" or the "

Company

") notes that the recent granting of a lithium

production and export license to

MSB,

a joint venture owned by Lithium Power International, Bearing Lithium Corp. and Minera Salar Blanco

indicates a major change in Chilean policy, with strong, potential benefits for Lithium Chile and other lithium exploration and development

companies in

Chile

. The granting of the license comes shortly after

Chile's

new President,

Sebastian Pinera

, took power with a strong mandate to

improve the economy. Mr. Pinera – a

Harvard

-trained economist and billionaire – is considered a strong supporter of the mining industry.

As per the 2017 USGS Survey Chile hosts the world's largest lithium brine reserves, the highest grades and the lowest-cost of production. Until

recently, the country has been slower than other countries to expand its lithium sector, however, the new government has vowed to grow the

economy, slash red tape and implement business-friendly policies, such as streamlined mining permits.

The previous restrictions on Chilean lithium exploitation and export has, until now hindered wide-scale investment by the mining industry and

enabled Lithium Chile to amass the largest landholding of lithium exploration properties outside of the Chilean government and the two current

producers SQM and ALBERMARLE. The portfolio includes projects with lithium brine assays from near-surface sampling, measuring as high as

1410mg/l lithium (see press release

January 24

2017). With this new government support for lithium mining, the Company expects that companies

with substantial, prospective projects will see considerable benefits.

Steve Cochrane

, President and CEO of Lithium Chile, commented, "

Until now, the value of Chilean lithium projects has been greatly

depressed compared to the $4000+ per hectare projects in

Argentina

. Similarly, investment in Chilean projects has been modest – due to

licence concerns regarding the export of lithium from

Chile

. With this new extraction and export licence, the Chilean government is

signalling the end of those obstacles.

"

This news release has been reviewed by

Terence Walker

, P. Geo., Chief Geologist and Vice President of Exploration of the Company and a

qualified person as that term is defined in National Instrument 43-101.

About Lithium Chile (TSX-V: LITH)

Lithium Chile Inc. is advancing a lithium property portfolio consisting of 140,100 hectares covering sections of 13 salars and 1 laguna complex in

Chile

. The properties include 56 square kilometres on the Salar de Atacama which hosts the world's highest concentration lithium brine production

and is currently the source of about 30% of the world's lithium production. Lithium

Chile

also owns a significant Copper/Gold/Silver property

portfolio consisting of 28,184 hectares over 6 different properties located in

Chile

. The company is currently engaged in the spin out of the copper

gold assets into a separate company. Lithium Chile Inc.'s common shares are listed on the TSX-V under the symbol "LITH".

On Behalf of the Board of Directors,

LITHIUM

CHILE

INC.

Steven Cochrane

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.

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 its properties and the ability of the Company to conduct exploration on its properties.

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; and 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.

View original content: http://www.newswire.ca/en/releases/archive/March2018/15/c4241.html

%SEDAR: 00030645E

For further information:

To find out more about Lithium Chile Inc. please contact Jeremy Ross, VP Business Development, at (604) 537-7556

or via email to: [email protected]

CO: Lithium Chile Inc.

CNW 13:54e 15-MAR-18