(TheNewswire)
CALGARY, ALBERTA – TheNewswire – May 19, 2026 -Lithium Chile Inc. (“LithiumChile” or the “Company”) ispleased to announce that all matters presented to the Shareholders atthe Company’s Annual General and Special Meeting held on May 15,2026, were approved.
Shareholders voted in favourof:
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The proposed sale of its Arizaro project through thedisposition of its Argentinian subsidiary, Argentum Lithium S.A. forUS $175,000,000, (“the Transaction”).
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The election of all nominated directors;
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The appointment of MNP LLP as auditors of the Companyfor the ensuing year;
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Approval of the Company’s stock option plan; and
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All other matters properly brought before the meeting.
Steven Cochrane President and CEO of Lithium Chilecomments, “The Shareholdersoverwhelming support of the proposed sale of our Arizaro projectbrings us one step closer to completing the Transaction. We continueto finalize all outstanding closing requirements and look forward to asuccessful conclusion to the pending Transaction”.
Lithium Chile would also like to extend its sinceregratitude to outgoing Director Ken Booth, who did not stand forre-election. Mr. Booth’s nine years of dedicated service, supportand guidance have been invaluable to the Company and will be greatlymissed. Lithium Chile is pleased, however, that he will continue tocontribute his experience and insight to the Company in a consultingcapacity going forward.
Lithium Chile would like to thank its Shareholders fortheir continued support and confidence in the Company. Updates,including the next steps related to the Transaction will be providedin the upcoming weeks as they become available.
ON BEHALF OF THE BOARD
Lithium Chile Inc.
Steven Cochrane
President & Chief Executive Officer
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: 587-393-1990.
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:
This news release may contain certain forward-lookinginformation and forward-looking statements within the meaning ofapplicable securities legislation (collectively, “forward-lookingstatements”). Forward-looking statements are frequently identifiedby words such as “expects”, “anticipates”, “believes”,“intends”, “plans”, “will”, “may” and similarexpressions.
Forward-looking statements in this news releaseinclude, but are not limited to, statements regarding: the completionand timing of the proposed sale of the Company’s Arizaro projectthrough the disposition of Argentum Lithium S.A. (the“Transaction”); the satisfaction or waiver of the remainingclosing conditions; the receipt of all required regulatory and stockexchange approvals, including acceptance of the TSX Venture Exchange;and the Company’s intention to provide further updates and advancethe Transaction toward closing.
These forward-looking statements are based onassumptions and factors that management believes are reasonable as ofthe date of this news release, including assumptions regarding theability of the parties to satisfy closing conditions, obtain necessaryapprovals, and complete the Transaction on the anticipatedtimeline.
Forward-looking statements are subject to known andunknown risks, uncertainties and other factors that may cause actualresults or events to differ materially from those expressed or impliedby such statements. Such risks and uncertainties include, amongothers: the possibility that the Transaction may not be completed onthe terms currently contemplated or at all; the risk that requiredapprovals may not be obtained in a timely manner or at all; changes inmarket, economic, regulatory or political conditions; and other risksgenerally associated with the mineral exploration and developmentindustry.
Readers are cautioned not to place undue reliance onforward-looking statements. The forward-looking statements containedin this news release are made as of the date hereof, and Lithium Chileundertakes no obligation to update or revise any forward-lookingstatements, except as required by applicable securities laws.
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