Lithium Chile Provides Clarification on the Timing of the Special Meeting to Approve Arizaro Transaction

(TheNewswire)

TSX Venture Exchange: LITH

OTC-QB: LTMCF

CALGARY, ALBERTA - TheNewswire - January 15, 2026 -Lithium Chile Inc. (“LithiumChile” or the “Company”) wishes toclarify the timing of its Annual General and Special ShareholderMeeting (the “SpecialMeeting”), referenced in its press releasedated January 14, 2026.

The Company confirms that May 15, 2026, is the intendeddate for Lithium Chile’s Annual General Meeting and Special Meetingto address routine matters which is also intended to provide detailspertaining to the substantial issuer bid referred to in the January14, 2026, press release.

However, Lithium Chile wishes to clarify thatimmediately upon receipt of required regulatory approvals, a SpecialMeeting of Lithium Chile’s shareholders will be called to seekapproval for the transaction involving the sale of the Arizaroasset.

All required regulatory filings have been submitted byLithium Chile in Canada and by China Union Holdings in China. Bothparties are advancing the closing process diligently toward closingthe US$175 million (approximately C$248 million) transaction. LithiumChile will continue to provide regular updates to shareholders as theprocess progresses.

In addition, Lithium Chile is pleased to announce thatit has received repayment in full of the US$1,000,000 principal loanpreviously advanced to San Lorenzo Gold. This repayment has been addedto the Company’s cash balance, which now exceeds US$5 million,further strengthening Lithium Chile’s financial position as itadvances toward closing the transaction.

ABOUT LITHIUM CHILE

Lithium Chile Inc. is an exploration company with aportfolio of 11 properties spanning 106,136 hectares in Chile and29,245 hectares on the Salar de Arizaro in Argentina. The Company hassuccessfully advanced its Arizaro project with the completion of NI43-101 compliant Resource Report, Preliminary Economic Assessment andPrefeasibility Study which are all accessible on SedarPlus.ca underLithium Chile’s profile.

Lithium Chile’s common shares are listed on the TSX-Vunder the symbol “LITH” and on the OTCQB under the symbol“LTMCF”.

To find out more about Lithium Chile, pleasecontact:

Steven Cochrane, President and CEO via email:steve@lithiumchile.ca  

Or

Michelle DeCecco, COO via email:michelle@lithiumchile.ca or phone: 403-393-1990.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATIONSERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXVENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACYOF THIS RELEASE.

FORWARD LOOKING STATEMENTS AND RISKFACTORS:

This news release may contain certain forward-lookinginformation and forward-looking statements within the meaning ofapplicable securities legislation (collectively "forward-looking statements"). Generally, forward-looking statements can beidentified using forward-looking terminology such as"expected", "anticipated", "aims to","plans to" or "intends to" or variations of suchwords and phrases or statements that certain actions, events orresults "will" occur. Forward-looking statements in thisnews release include, but are not limited to, statements regarding:the timing and completion of the Transaction; the satisfaction orwaiver of closing conditions, including completion of pre-closingsteps; the receipt of all necessary governmental, regulatory and stockexchange approvals, acceptances and clearances (including TSXVacceptance) and any required shareholder approvals; the anticipatedrelease and application of escrowed funds and the guarantee deposit;the expected timing of closing; the intended date of the SpecialMeeting; the Company's ability to realize the anticipatedtransaction value; the Company’s plans, including potential SIB andcontinued advancement of its Chilean portfolio; and the belief ofmanagement and Board of Directors that thecommon shares have recently traded in a price range that represents adiscount to the Company's net asset value and does not reflectthe underlying value of the Company.

Such forward-looking statements are based on variousassumptions and factors that may prove to be incorrect, including, butnot limited to, factors and assumptions with respect to: the abilityof the parties to satisfy the conditions to closing in a timelymanner; the completion of the pre-closing acquisition of additionalequity in ARLI and the carve-out of the Arizaro 4 property and certainwater rights; the timing and receipt of required approvals,acceptances and clearances, including TSXV acceptance, any requiredapprovals and clearances from applicable governments, regulators andbodies in Canada, the People’s Republic of China, Argentina andother relevant jurisdictions, and any required shareholder approvals;the absence of legal or regulatory impediments; the continued validityand enforceability of the underlying mining concessions and waterrights; the accuracy of title opinions and due diligence; thePurchaser's ability to obtain necessary financing and regulatoryclearances; the stability of the legal and regulatory framework inArgentina; the absence of material adverse changes affecting theArizaro Project or ARLI; the accuracy of management’s estimates andexpectations; general business and economic conditions; commodityprices; geopolitical stability between relevant jurisdictions; foreignexchange rates; and the timing and terms of the escrow and depositarrangements.

Although the Company believes that the assumptions andfactors on which such forward-looking statements are based arereasonable, undue reliance should not be placed on the forward-lookingstatements because the Company can give no assurance that they willprove to be correct or that any of the events anticipated by suchforward-looking statements will transpire or occur, or if any of themdo so, what benefits the Company will derive therefrom. Actual resultsmay vary from those currently anticipated due to a number of factorsand risks including, but not limited to: the risk that the Transactionwill not be completed on the terms or timing currently contemplated,or at all; the risk that required approvals, acceptances or clearances(including governmental approvals, TSXV acceptance and any requiredshareholder approvals) are not obtained, are delayed or are obtainedsubject to conditions;  the risk that requiredregulatory or governmental approvals, acceptances and clearances,including from Argentinian, Canadian, Chinese or other authorities,may not be obtained, may be delayed, or may be obtained subject toconditions or undertakings that materially alter the terms oranticipated benefits of the Transaction; the possibility thatministries or regulators, in connection with the ownership or transferof critical mineral interests, may prohibit the Transaction or imposerestrictions, additional conditions, or new regulatory requirements;the risk that changing governmental policies or geopoliticalconsiderations relating to critical minerals, foreign investment, or national security may adversely impactthe completion or terms of the Transaction; risks related to foreigninvestment review processes and potential national securityassessments in multiple jurisdictions; the risk of trade restrictionsor other measures affecting cross-border transactions betweenCanadian, Chinese, and Argentine entities; the risk of legalproceedings, disputes, or challenges to the Transaction by thirdparties, regulatory bodies, or other stakeholders; risks related to the validity, enforceability and scope ofmining concessions and water rights underlying the Arizaro Project;the risk of title defects, encumbrances or third-party claimsaffecting the project assets; risks related to environmentalliabilities, permits and compliance obligations; the Purchaser'sability to secure necessary financing to complete the Transaction;counterparty credit risk and the Purchaser's financial capacity;risks related to escrow arrangements and the potential forfeiture ordelayed release of deposits; the inability to completepre-closing steps in the manner and on thetimelines contemplated; changes in laws, regulations, policies orenforcement priorities; political and regulatory risks in thejurisdictions in which the Company operates; legal proceedings;counterparty and escrow risks; currency exchange fluctuations;operational risks inherent in mineral exploration and development;commodity price volatility; and general business, economic,competitive, market and geopolitical conditions.

Readers are cautioned that the foregoing risk factorsare not exhaustive. Undue reliance should not be placed onforward-looking statements because Lithium Chile can give no assurancethat they will prove to be correct or that any of the eventsanticipated by forward-looking statements will transpire or occur, orif any of them do, what benefits Lithium Chile will derive therefrom.Additional risks and uncertainties not presently known to the Companyor that the Company currently believes to be immaterial may alsoadversely affect the Company. Theforward-looking statements included in this news release are made asof the date of this news release and LithiumChile does not undertake to update any forward-looking statementsherein, except as required by applicable securities laws. Allforward-looking statements contained in this news release areexpressly qualified by this cautionary statement.

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