Lithium Chile to Begin Drilling Ollague Prospect - Recent Well Sampling Exceeds 1200 mg/l TSX Venture Exchange: "LITH"

Lithium Chile to Begin Drilling Ollague

Prospect - Recent Well Sampling Exceeds

1200 mg/l

TSX Venture Exchange: "LITH"

OTC-QB: LTMCF

CALGARY

,

June 20, 2018

/CNW/ - Lithium Chile Inc. ("

Lithium

Chile

" or the "

Company

") is

pleased to announce that it has received written consent from the community of Ollague to begin an

exploration drilling program on its Ollague project. With drill mobilization now underway, Lithium Chile

expects drilling to begin shortly.

The program will consist of four holes drilled to a minimum 250 metres (m) or deeper based on

drilling conditions and brine content. Data collection will include lithology and depth-specific

geochemical samples. Brine sampling will be completed using both drive point and hydraulic double

packer systems, which have been tested and proved to provide a true depth-specific sample in

addition to flow and porosity characteristics.

Lithium

Chile

previously completed a transient electromagnetic survey (TEM) covering 25 square

kilometres of the Ollague project (see new release dated

April 3, 2018

). Analysis indicates several

continuous conductive units over much of the property. In addition, the survey indicated these

conductive units to be several open-ended horizontal zones varying from 20 to over

200 m

in

thickness and within 20 to

120 m

of surface. The Company believes the zones reflect saline aquifers

(resistivity values of generally less than three ohms). Highly conductive readings have generally been

found to indicate a high content of lithium brine in most other salar basins in the area.

SAMPLE RESULTS ON OLD WATER WELLS RETURN 1220 MG/L LITHIUM

A recently completed sampling program from a series of shallow water wells drilled to test a near

surface aquafer in the central sector of Salara Ollague yielded significant lithium values. Sampling

procedure consisted of bailing the wells, allowing them to refill and sampling the fresh flow. One

well, just outside Lithium Chile's property border was drilled to

110m

depth and lithium concentration

of the water sample taken from this well assayed 1220 mg/l. This well appears to have penetrated

the top of the thicker more extensive conductive horizon indicted by our TEM surveys and the prime

target of the current drill program.

Ollague Project Highlights

3500 hectares on the Salar de Ollague.

Located near the town of Ollague and close to infrastructure.

Comprehensive sampling program has encountered near-surface lithium brines assaying from

160 to 1140mg/L lithium.

Testing has shown good chemistry, which is an important factor in economic lithium production

(Li:K ratio 0.1:1, Mg:Li ratio 7:1).

Property wide TEM geophysical survey has identified multiple, large, high-priority target areas.

Recent old water well sampling has encountered subsurface lithium bearing brines assaying 180

to 1220 mg/l lithium.

Subsequent Drilling Programs

. Upon successful completion of the first 4 holes of this program,

the Company will seek to permit additional exploration and development programs at Ollague. In

addition, upon completion of the initial Ollague drilling program, it is the Company's intention to begin

drilling each of the other four high priority salars in continuous succession. The company is fully

funded for this exploration program

Steve Cochrane

, President and CEO of Lithium Chile, commented, "

With a range of high-grade,

near-surface lithium samples, excellent TEM survey results and no competition in the region,

Ollague is one of our most exciting projects. We are delighted to have received final drilling

approval and more importantly becoming one of the first of the new wave of Chilean lithium

exploreco's to begin a drilling program on one of our lithium prospects."

This news release has been reviewed by

Terence Walker

, M.Sc., P. Geo., VP Exploration for

Lithium Chile and a qualified person as that term is defined in National Instrument 43-101.

About Lithium Chile

Lithium

Chile

is advancing a lithium property portfolio consisting of 152,900 hectares covering

sections of 14 salars and 1 laguna complex in Chile. The properties include 64 square kilometres on

the Salar de Atacama which hosts the world's highest concentration lithium brine production and is

currently the source of approximately 30% of the world's lithium production. 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.

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 commencement of its anticipated drilling program.

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.

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For further information:

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

Cochrane, President and CEO or Jeremy Ross, VP Business Development, at (604) 537-7556 or via

email: [email protected].

CO: Lithium Chile Inc.

CNW 07:00e 20-JUN-18