Lithium Chile Inc. Provides Update on Arizaro Project Sale

CALGARY, ALBERTA — January 14, 2026 — Leads & Copy — Lithium Chile Inc. is moving forward with the sale of its Arizaro project for US $175,000,000.

The company is advancing the transaction toward closing, according to a news release. The Arizaro project sale will occur through the disposition of its Argentinian subsidiary, Argentum Lithium S.A.

Transaction Progress

China Union Holdings Ltd. has finalized the Escrow Agreement related to the US$5,000,000 deposit, demonstrating continued advancement in accordance with the transaction timeline. The deposit will be held in escrow for the benefit of the seller as security for the purchaser’s payment obligations under the Definitive Agreement.

AGM & Special Shareholders’ Meeting

The Company intends to call an Annual General and Special Shareholder Meeting for May 15, 2026, where shareholder approval for the Transaction will be sought. An information circular describing the Transaction in detail, including the Company’s Board of Directors’ recommendation in respect of the Transaction and an independent fairness opinion will be made available to shareholders within the timeframe required under applicable securities laws and TSX Venture Exchange policies.

Potential Substantial Issuer Bid

The Company is evaluating the merits of the distribution of a portion of the net proceeds from the Transaction to its shareholders through a Substantial Issuer Bid. A SIB is a mechanism that, subject to applicable securities laws and TSX Venture Exchange policies, would allow shareholders to tender their common shares for redemption by the Company at a specified price.

Concluding a SIB would result in a meaningful reduction in the Company’s issued and outstanding common shares as the common shares repurchased under the SIB would be cancelled. If a SIB can be completed, the Company would retain a residual cash balance sufficient to advance the development of its Chilean mineral interest portfolio.

The preliminary details of the proposed SIB will be summarized, and the final terms and details of the SIB will be fully described in a separate SIB bid circular post-closing of the Transaction. The final terms, including the redemption price per common share, would be determined based on the final net proceeds received from the Transaction, after giving effect to closing costs, and the funds necessary to advance the development of the Company’s Chilean mineral interest portfolio, and remain subject to applicable securities laws and TSX Venture Exchange policies.

Next Steps

The Company continues to work diligently to satisfy all remaining closing conditions. In parallel, CUH, a company listed on the Shenzhen Stock Exchange, is advancing its regulatory approval process. CUH and Lithium Chile are aligned with the objective of closing the Transaction on an expeditious basis and in that regard are actively engaged in securing all necessary approvals.

Lithium Chile will provide further updates as milestones are achieved.

Arizaro Operations

Lithium Chile’s project team continues to maintain the Arizaro asset throughout the Transaction process. All operational, environmental, and community-related obligations are being furthered in accordance with applicable regulations and established best practices.

Market Awareness

The Company announced that it will undertake measured, compliant market communications to ensure shareholders and the broader investment community are provided with clear, accurate, and timely information. Management and the Board of Directors believe that the Company’s common shares have recently traded at levels that do not reflect the Company’s underlying value and represent a discount to its net asset value, and these efforts are intended to improve market awareness and understanding of the Company’s asset base and strategy.

The Company has entered into a services agreement dated October 15, 2025, with Departures Capital Inc. to provide digital marketing and investor awareness services. Under the agreement, Departures Capital will deliver strategic content creation, video production, and targeted digital distribution across financial media and online platforms for a total cost of CAD $100,000 over a 12-month term. Departures Capital is an arm’s-length service provider.

Lithium Chile Inc. has a portfolio of 11 properties spanning 106,136 hectares in Chile and 29,245 hectares on the Salar de Arizaro in Argentina. The Company has successfully advanced its Arizaro project with the completion of NI 43-101 compliant Resource Report, Preliminary Economic Assessment and Prefeasibility Study which are all accessible on SedarPlus.ca under Lithium Chile’s profile.

To find out more about Lithium Chile, please contact: Steven Cochrane, President and CEO via email: steve@lithiumchile.ca or Michelle DeCecco, COO via email: michelle@lithiumchile.ca or phone: 403-393-1990.

Source: Lithium Chile Inc.