Lithium Chile begins drilling at Turi

Mr. Steven Cochrane reports

LITHIUM CHILE COMMENCES DRILLING AT TURI LITHIUM BRINE PROJECT IN CHILE

Lithium Chile Inc. has begun drilling at its Turi lithium brine project in Chile. The initial exploration program of up to three holes will focus on the core of a major geophysical anomaly that covers over 63 square kilometres and is 200 to over 300 metres thick. Near-surface brine samples taken by Lithium Chile from the area above the TEM anomaly contain lithium values ranging up to 590 milligrams per litre (mg/l) and moderate-to-low magnesium to lithium ratios of 7.8. Turi not only benefits from excellent drainage into the basin but also has a number of natural lithium-rich hot springs, indicating a potential subterranean source of lithium.

Lithium Chile is the largest landholder of lithium exploration projects in Chile outside of the government and SQM. Turi is one of six high-priority projects identified for early drill testing and the company has engaged Santiago-based Montgomery and Associates to assist with the drilling and water sampling program.

Steve Cochrane, president and chief executive officer of Lithium Chile, comments: “Turi is one of the priority prospects in our Chilean portfolio thanks to strong sampling results and the presence of a major geophysical anomaly. This is the second consecutive property for which we have acquired local and government agreement to drill. Our success in building on-the-ground relationships continues to bear fruit and truly sets us apart from other junior exploration companies with Chilean prospects. We look forward to sharing drilling results as they are received.”

This news release has been reviewed by Terence Walker, professional geoscientist, vice-president of exploration of the company and a qualified person as that term is defined in National Instrument 43-101.

About Lithium Chile Inc.

Lithium Chile is advancing a lithium property portfolio consisting of 166,150 hectares covering sections of 14 salars and two laguna complexes in Chile.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.

Lithium Chile Updates Turi Drilling Program and Announces Rig Mobilization

Mr. Steven Cochrane reports:

Lithium Chile Inc. anticipates that construction of the first drill pad on its Turi exploration prospect will be completed this week and that mobilization of the drilling rig contracted with Big Bear Drilling out of La Serena, Chile, will also commence toward the end of the week. Lithium Chile expects to collar and begin drilling its first reconnaissance hole on Turi early the week of Nov. 25, 2019. The first drill hole will test the greater-than-300-metre-thick core of a large well-defined high-conductivity TEM geophysical anomaly underlying at least 63 square kilometres of the Turi property. Near-surface brine samples taken by Lithium Chile from the area above the TEM anomaly contain lithium values ranging up to 590 milligrams per litre and moderate to low magnesium to lithium ratios of 7.8.

Lithium Chile has contracted Montgomery and Associates Consultores Ltda. from Santiago to assist with both the drilling and sampling program on Turi based upon its extensive experience in lithium exploration. Montgomery and Associates has developed most of the current resources and reserves definitions used for lithium brines in National Instrument 43-101 reports. It will assure quality assurance/quality control (QA/QC) control in its sampling techniques.

Steve Cochrane, president and chief executive officer of Lithium Chile, comments: “We are extremely pleased that we are finally able to commence our exploration program on our Turi prospect. With the challenges facing our industry today, the initiation of our second exploration project in Chile is a major success for Lithium Chile. I am proud of our team in Chile and we see this program as a significant opportunity to add shareholder value.”

About Lithium Chile Inc.

Lithium Chile is advancing a lithium property portfolio comprising 166,150 hectares covering sections of 14 salars and two laguna complexes in Chile.

We seek Safe Harbor.

See Article>>

Lithium Chile Retains Montgomery and Associates as Technical Advisors for Upcoming Drill Program

Canada NewsWire

CALGARY, July 16, 2019

TSX Venture Exchange: LITH
OTC-QB: LTMCF

CALGARY, July 16, 2019 /CNW/ – Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce that it has retained Montgomery and Associates to oversee the upcoming exploration program at its Coipasa lithium brine project in Chile. The program is expected to commence during August and will include drilling and sampling four holes to an expected depth of up to 500 metres.

Montgomery and Associates has over 25 years of experience in the drilling and sampling of South American brine Salars. The company has worked throughout Argentina and Chile and has assisted most of the major lithium companies operating in South America today.

Steve Cochrane, President and CEO of Lithium Chile, stated, “Coipasa is one of our most prospective lithium brine projects. The extensive experience and expertise of Montgomery and Associates will be of great advantage during the upcoming program and we look forward to the commencement of drilling.”

About Montgomery & Associates

Montgomery & Associates (M&A) has a history of partnering with clients to address their evolving challenges. Its base of clients includes mining companies, municipalities, private water companies, government agencies, industrial entities, and tribal groups who have come to expect state-of-the-art technical innovation combined with a strong, practical understanding of groundwater science. It employs a group of professionals in its U.S. and South American offices who specialize in hydrology, geology, soil science, policy and regulatory affairs, groundwater modeling, GIS analyses and 3D visualization, database management, and instrumentation and monitoring. Most of its principals have more than 20 years of experience; nearly all have master’s or doctoral degrees, along with one or more professional registrations. M&A staff members frequently present at conferences, participate in professional organizations, and serve on advisory boards.

About Lithium Chile

Lithium Chile is advancing a lithium property portfolio consisting of 167,050 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.

SOURCE Lithium Chile Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2019/16/c8707.html

To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO via e mail: steve@lithiumchile.ca or alternately, Jeremy Ross, VP Business Development, at (604) 537-7556 or via email: jeremy@lithiumchile.ca.Copyright CNW Group 2019

Canada Newswire
July 16, 2019 – 5:00 AM PDT
News by QuoteMedia
www.quotemedia.com

Lithium Chile to Sponsor and Present at the Largest Lithium Conference of 2019

Canada NewsWire

CALGARY, June 11, 2019

TSX Venture Exchange: LITH
OTC-QB: LTMCF

CALGARY, June 11, 2019 /CNW/ – Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce that it is a sponsor of the 11th Annual Lithium Supply & Markets conference taking place 10-12 June, 2019 in Santiago, Chile. This year’s conference has over 450 registrants including representatives from the largest lithium producers and exploration companies in the world, including Ms. Wu Wei, President of Tianqi Lithium and Mr. Alberto Salas, Chairman of Sociedad Química y Minera de Chile S.A. (SQM). Also in attendance are representatives from the major battery manufacturers and many of the largest global chemical companies.

Executives from Lithium Chile, including Mr. Steve Cochrane, President and CEO, and Mr. Jose de Castro Alem, Manager of Lithium Operations, will present at the conference.

Steve Cochrane, President and CEO of Lithium Chile, stated, “We are very pleased to be a sponsor of, and participant in this year’s 11th Annual Lithium Supply and Markets Conference in Santiago. The opportunity to present the Lithium Chile story to so many of major players in the mining, chemical and battery industries is unmatched by any other industry event.

About Lithium Chile
Lithium Chile is advancing a lithium property portfolio consisting of 166,050 hectares covering sections of 15 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.

SOURCE Lithium Chile Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2019/11/c0717.html

To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO via e mail: steve@lithiumchile.ca or alternately, Jeremy Ross, VP Business Development, at (604) 537-7556 or via email: jeremy@lithiumchile.ca.Copyright CNW Group 2019

Canada Newswire
June 11, 2019 – 5:00 AM PDT
News by QuoteMedia
www.quotemedia.com

Lithium Chile Advances Turi Project with Agreement on Drill Hole and Initiates Filings with Related Government Bodies

 TSX Venture Exchange: “LITH”                                                                              

FOR IMMEDIATE RELEASE

Lithium Chile Advances Turi Project with Agreement on Drill Hole and Initiates Filings with Related Government Bodies

 CALGARY, Alberta, May 27, 2019 –  (“Lithium Chile” or the “Company”)

is pleased to announce that an agreement has been reached between the Company and the Indigenous Community of Turi as to the locations of the 3 holes in its planned reconnaissance program on Turi. The agreed drill hole locations were designed to evaluate the 30 Km2 core of the current 63+ Km2 TEM anomaly whilst minimizing environmental impact. The company is now in the process of filing the necessary documentation with the SEA (Servicio Evaluation Ambiental, DGA (Direccion General de Agua) and SERNAGEOMIN (Servicio Nacional de Geología y Minería) in order to proceed with the planned drilling program.

News Highlights

  • Locations of 3 priority holes confirmed with Indigenous Community of Turi
  • Initial drill holes designed to evaluate 30 Km2 core of the current 63+ Km2 TEM anomaly
  • Filings in progress with relevant government bodies to proceed with drill program

Lithium Chile has an access agreement in place with the Indigenous Community of Turi for an exploration program that includes these three exploration drill holes and in the spirit of this agreement the Company will continue to work closely with the Turi Community through all stages of the agreed exploration program. At 13,000 hectares the Turi property covers 100% of Salar de Turi and is the third largest property in Lithium Chile’s Andean and Pre-Andean Salar belt portfolio.

Steven Cochrane, President and CEO for Lithium Chile, said, “We are extremely pleased to have reached another positive milestone in both our planned exploration program and Community relations at Turi. We anticipate having our approvals on our Turi and Coipasa drilling programs during June.

Turi Project – 3 Drill Locations (CNW Group/Lithium Chile Inc.)

About Lithium Chile

Lithium Chile is advancing a lithium property portfolio consisting of 164,250 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”.

To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO  via e mail: steve@lithiumchile.ca  or alternately, Jeremy Ross, VP Business Development, at (604) 537-7556 or via email: jeremy@lithiumchile.ca .

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 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.

LITHIUM CHILE INCREASES LAND HOLDINGS AT SALAR DE TURI AS POSITIVE TEM GEOPHYSICS INDICATES POTENTIAL LITHIUM BRINE RESERVOIR

 TSX Venture Exchange: “LITH”                                                                              

FOR IMMEDIATE RELEASE

LITHIUM CHILE ANNOUNCES DRILLING PLANS FOR A FIFTH HOLE TO FIVE HUNDRED METERS ON OLLAGUE PROPERTY

 CALGARY, Alberta, April 30, 2019 –  (“Lithium Chile” or the “Company”)

is pleased to announce positive results from an extended TEM geophysical survey on its Salar de Turi property.  New data indicates that the highly conductive anomaly identified in earlier surveys is:  wider and thicker, continues to the northeast along the salar basin axis and extends beyond the Company’s earlier property boundary. As a direct result, the Company has staked an additional 22 claims totaling 5,400 hectares to cover the anomaly extension, which now covers at least 63 Km2.

News Highlights

  • Extended TEM survey has encountered a large addition to a highly-conductive anomaly on the Turi project
  • Additional 5,400 hectares has been staked to cover the newly identified anomaly extension
  • Community approval is already in place for a 3 hole drill program

Analysis of previous water well drilling in the local area indicates that one of these wells appears to have penetrated the top 20 metres of the main TEM anomaly and encountered saline brines in a coarse sand and gravel aquifer.

Lithium Chile has an access agreement in place with the Indigenous Community of Turi for an exploration program that includes three exploration drill holes. The Company has determined favorable locations for its upcoming drill program and is working collaboratively with community representatives to ensure access and environmental considerations are met. At 13,000 hectares, Salar de Turi is now the third largest property in Lithium Chile’s Andean and Pre-Andean Salar belt portfolio.

Terry Walker, Vice President of Exploration for Lithium Chile, commented, “The expansion in both size and quality of the main TEM anomaly boosts our confidence in the quality and potential asset value of the Turi property. It also supports Management’s belief that our Turi property has potential to host large lithium brine resources.”

Steven Cochrane, President and CEO for Lithium Chile, said, “We are extremely pleased with the results from our geophysical program on Salar de Turi as we now have a very large and highly-prospective target to drill.  This also means that, along with the recently-announced Coipasa project activity, the Company can now proceed with two active field exploration programs.”

About Lithium Chile

Lithium Chile is advancing a lithium property portfolio consisting of 164,250 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”.

To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO  via e mail: steve@lithiumchile.ca  or alternately, Jeremy Ross, VP Business Development, at (604) 537-7556 or via email: jeremy@lithiumchile.ca .

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 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.

LITHIUM CHILE ANNOUNCES COMMUNITY APPROVAL FOR THEIR EXPLORATION PROGRAM ON THEIR SALAR DE COIPASA PROPERTY.

 TSX Venture Exchange: “LITH”                                                                              

FOR IMMEDIATE RELEASE

CALGARY ALBERTA – April 23 2019. Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce that it has received community approval for the planned exploration program on its Salar de Coipasa property in Chile. This is the third community in Chile’s lithium-rich salars to approve the Company’s exploration activities, following approval by the communities at the Company’s Ollague and Turi properties.  Having obtained approval for exploration at this third property establishes Lithium Chile as a clear leader amongst Chilean lithium exploration companies in the ability to work constructively with local communities and successfully gaining their support.

At the end of March 2019, the Indigenous Community Aymara of Ancovinto, owner of the surface rights where the Company’s Salar de Coipasa project is located, approved the exploration program with a large majority. This stage of consultation, as mandated by Chilean laws and International conventions for respecting indigenous communities, customs and the environment, is now complete.  The approval expresses the support of the community and its confidence in the Lithium Chile team to carry out the program in a manner that respects the inhabitants of the area and their ancestral way of life.

Geophysics has already been completed on the company’s 129km2 Salar de Coipasa property revealing a highly conductive anomaly covering over 65% of the property. Currently, the Company’s management is working collaboratively with local community representatives on optimising drill hole locations to minimise surface impact.

Steven Cochrane President and CEO comments “We are delighted to have received the support from the Ancovinto Community of Coipasa to advance this project and are very encouraged by the continued success of our Chilean team in developing productive relationships with local communities. This particular property is one of our most exciting exploration projects and we look forward to the upcoming exploration program.  The potential in Salar de Coipasa has become increasingly clear following the recent US$1.3 billion investment by Chinese company, Xinjiang TBEA Group, to earn a 49% interest in the Bolivian side of the same salar.

About Lithium Chile

Lithium Chile is advancing a lithium property portfolio consisting of 164,250 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”.

To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO  via e mail: steve@lithiumchile.ca  or alternately, Jeremy Ross, VP Business Development, at (604) 537-7556 or via email: jeremy@lithiumchile.ca .

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 current and subsequent exploration  programs and approvals thereon.

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 and local community 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.

Lithium Chile Plans Second Program For Additional T.E.M And Follow Up Drilling On The Turi Prospect

 TSX Venture Exchange: “LITH”                                                                              

FOR IMMEDIATE RELEASE

CALGARY, ALBERTA- January 16, 2019- Lithium Chile Inc. (‘Lithium Chile” or the “Company”) is pleased to announce that the local Turi community has approved the Company’s plans to run additional TEM geophysical surveys and based on these results, the Company may drill up to three exploration holes on the Turi Prospect.  Turi is one of the Company’s priority prospects for the following reasons:

  1. Near surface samples show grading of up to 590 mg/l of lithium;
  2. The 100% owned 76 km2 property covers the entire salar basin;
  3. There are two active geothermal springs on the property supplying primary recharge to the basin with lithium concentrations up to 170 mg/l; and
  4. The property is accessible with good infrastructure

It is anticipated that the TEM program will commence in late January or early February.

Steve Cochrane President and CEO of Lithium Chile, commented “We are pleased to have the approval to carry out additional exploration at Turi. The support of the Turi community has made this possible and is greatly appreciated. I look forward to seeing the results of the combined talents of our exploration team under Terry Walker and our lithium operations team under Jose de Castro”

Terry Walker V.P. Exploration of Lithium Chile, commented

 

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.

About Lithium Chile

Lithium Chile is advancing a lithium property portfolio consisting of 159,700 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”.

To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO via e mail: steve@lithiumchile.ca or alternately, Jeremy Ross, VP Business Development, at (604) 537-7556 or via email: jeremy@lithiumchile.ca .

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 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.

Lithium Chile Enhances Technical Team And Board Of Directors; Appoints Leading Lithium Expert, And Grants Stock Options

 TSX Venture Exchange: “LITH”

OTC-QB: “LTMCF”                                                                            

FOR IMMEDIATE RELEASE

CALGARY, ALBERTA – January 8, 2019 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce that it has appointed South American lithium expert, Jose de Castro Alem, to the Board of Directors and as Manager of Lithium Operations. Mr. de Castro is a recognized pioneer in lithium brine exploration, development and production in South America. He brings over 20 years of lithium brine experience, as well as a significant track record in the lithium triangle, to the Company’s management team. Jose de Castro Alem’s appointment is subject to regulatory approval.

Career Highlights

Orocobre Limited (“Orocobre”) – 2010-2015: Mr. de Castro was instrumental in Orocobre’s growth from a sub-$10 million market cap to over $1 billion market cap. During this time, he was responsible for everything from salar exploration to development of evaporation ponds and design/development of the initial plant. Mr. de Castro oversaw the $300 million-dollar lithium carbonate plant from definitive Feasibility Study until complete commercial operation. Mr. de Castro was also extensively involved with building relationships with local communities through to the senior levels of government. He was also involved in the successful joint venture between Orocobre and Japan based Toyota Tsusho Group.

NRG Metals Inc. – 2016-2018: Mr. de Castro was Vice President Operations for NRG Metals Inc. and played a key role in NRG Metals’ initial 43-101 lithium carbonate resource report.

FMC Corporation (“FMC”) – 1997-2003: During his years with FMC, Mr. de Castro was responsible for the lithium operations and production from the solar evaporation ponds, and lithium carbonate production from the processing plant.

Jose de Castro is a graduate of the National University of Salta, Argentina, with a degree in Chemical Engineering.

Steve Cochrane President and CEO of Lithium Chile, commented, “Jose de Castro is one of the leading lights in the South American lithium space and we are delighted that he has agreed to join us as both Manager of lithium operations and Board Director. Lithium Chile has an exceptional technical team and one of the largest lithium portfolios in Chile. With the additional expertise that Jose brings to the Company, we are looking forward to a very active and productive year ahead.

Jose de Castro Alem Manager of Lithium Operations commented, “I am very pleased to join Lithium Chile because of their outstanding portfolio of lithium prospects, their exceptional exploration team, and the new possibilities in Chile. Northern Chile is one of the most mining friendly jurisdictions in the world, with clear rules and great infrastructure. I look forward to working with Lithium Chile’s management team in advancing their projects quickly and efficiently.”

The Company also announces the granting of stock options to purchase a total of 700,000 common shares of the Company, an option to purchase 400,000 common shares to Mr. de Castro and an option to purchase 300,000 common shares to a consultant, subject to regulatory approval. The options were issued with an exercise price of $0.52 per share, vest as to one half (1/2) immediately and the remaining one half (1/2) on the first anniversary of the grant date and expire five years from the grant date.

About Lithium Chile

Lithium Chile is advancing a lithium property portfolio consisting of 159,950 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”.

To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO via email: steve@lithiumchile.ca or alternately, Jeremy Ross, VP Business Development, at (604) 537-7556 or via email: jeremy@lithiumchile.ca .

 

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 news release.

Forward Looking Statements

This news release may contain certain forward-looking information and statements, including without limitation obtaining regulatory approval for the appointment of Jose de Castro Alem and the granting of the stock options.  All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties.  There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking statements.  A description 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 website at www.sedar.com.  Lithium Chile does not undertake to update any forward-looking information except in accordance with applicable securities laws.

To All Lithium Chile Shareholders

I wanted to take this opportunity to update all our shareholders and put into perspective the recent announcement from your company.

REVIEW

First, I think it’s important to review our accomplishments over the last 12 months. Since August of last year, we have been able to amass one of Chile’s largest land packages of prospective lithium properties. To date we currently own 100% of 159,700 hectares of highly prospective lithium properties spread over 16 individual salars. Most importantly our acquisition costs are just over $3.00US per hectare. This is a significant discount to recent land sales in Chile where perspective lithium properties have sold for over $800 US per hectare.

Secondly, we conducted sample programs over all 16 properties and from that program we prioritized 6 prospects so we could focus our resources on what we feel are our most prospective properties. These prospects in order of attractiveness were Coipasa, Helados, Atacama, Turi, Ollague and Talar

Thirdly, we completed successful geophysical programs on 5 of our priority prospects. Consisting of, a gravity program which defines the parameters of the basins followed by a Transient Electro Magnetic program (TEM) which is excellent in showing conductive horizons within these basins. These programs were run on Coipasa, Helados, Atacama, Turi and Ollague and we were extremely pleased that the TEM showed highly conductive targets on all of our 5 properties.

Finally based on the geophysical information gather an exploration drilling program was designed and submitted to the Ministry of Mines and approved for 4 of our prospects, Coipasa, Helados, Atacama and Ollague subject to surface access permission from the respective communities involved.

PRESENT

That brings us to our current work program. We initiated discussions in early summer with all 4 communities involved with our drilling programs. We were pleased when the Ollague community council gave us permission to drill on our Ollague prospect. Even though Ollague was only number 4 or 5 on our priority list we were anxious to get our drilling underway and actually compare our physical results with our TEM geophysical data. We were extremely pleased and indeed excited when on our first reconnaissance hole we encountered a lithium bearing brine aquifer exactly where the TEM indicated we would. We were also please that the lithium grades got steadily better average over 470 mg/l the last 60 meters of the hole. As we drilled this hole on the edge of the basin we hit basement rock at around 300 metes. We then decided to move to the center of the basin for hole 3 and 4 where our geophysical data showed the basin was much deeper. The good news was we hit lithium bearing brine is hole 3 and 4 and like hole 1 the grades steadily improved from below 100 mg/l to over 270 mg/l before drilling finished at the contracted depth of 250 meters. As this part of the basin was much deeper then at hole 1 we really didn’t get a chance to test the deep sector even though we were still in the lithium bearing formation when drilling was suspended. It was this information that made our decision to drill hole 5 and test the much deeper portions of the formation. Hole 5 was completed to a depth of 350 meters and we were actually able to take samples from an additional 100 meters depth below where we had sampled hole 3 and 4. Drilling was suspended do to drilling complications at 350 meters but all 11 samples from hole 5 have been sent to ALS labs and results are pending.

FUTURE

That brings us to what we see happening with your company over the coming months. First and foremost, we look forward to getting the results from hole 5. WE are hoping that just as the top of hole 3 and 4 mirrored the results from the upper section of hole 1 that the deeper samples from hole 5 will show that lithium grade increases with depth. As a contingency and dependent on those results we have received permission from the Ollague community to re-enter hole 4 and extend the hole to 500 meters. The company’s decision to actually pursue that will obviously be based on results from the deeper sections of hole 5. Those results should be available in the next few weeks.

More importantly we are close to initiating our drill program on our Coipasa property. Based on size, TEM and surface sample grades Coipasa has to be one of our most prospective projects. We our finalizing terms of the program with the Ancovinto Indigenous Community executive and we hope to collar our first hole shortly. In summary we feel that we are just now getting started in proving that our properties have the potential to deliver high grade lithium brine deposits. The fact that on our very first exploration project we encountered lithium bearing brines shows that the exploration team we have built in Chile is cable of delivering potential world class discoveries. I look forward to continuing to build out our portfolio of prospective lithium properties and more importantly continue drilling up our prospects as we move forward in developing a would class lithium company.

 

Steven Cochrane

President/CEO

Lithium Chile Inc.