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

TSX Venture Exchange: LITH                                                                                                         

OTC-QB: LTMCF

CALGARY, May 27, 2019 - Lithium Chile Inc. ("Lithium Chile Inc." 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 Inc.'s Andean and Pre-Andean Salar belt portfolio.

Steven Cochrane, President and CEO for Lithium Chile Inc., 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."

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.

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.

SOURCE Lithium Chile Inc.