Argentina Lithium Will increase Non-Brokered Non-public Placement

Argentina Lithium & Vitality Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) (“Argentina Lithium” or the “Firm”) proclaims the completion of the primary exploration diamond drill gap at its Rincon West Venture in Salta Province Argentina and experiences constructive lithium analyses from brine samples collected over a 70 metre thick permeable interval with lithium grades starting from 225 to 380 mglitre. The Rincon West challenge covers 2,470 hectares of the salar basin, situated west of the adjoining Rincon Venture owned by Rio Tinto. 5 exploration holes are initially deliberate to check potential brine targets recognized with geophysics (see Might 2, 2022 Information Launch).

“The primary gap at Rincon West has revealed a permeable 70 metre interval with reasonable to high-grade lithium values. This validates our perception that the concentrated lithium brines mapped within the adjoining assets does lengthen beneath our property. We’re persevering with our exploration drilling to delineate this mineralization with the purpose of defining a mineral useful resource.” acknowledged Miles Rideout , V.P. of Exploration.

The outcomes of the brine analyses and the respective intervals are proven in Desk 1. Drill collar data is offered in Desk 2. Determine 1 presents a map of the Rincon West property displaying the positions of RW-DDH-001 and the following drill gap in progress, and 7 extra potential areas for future exploration drilling. The map presents these drill areas overlaid on the conductive zones delineated with geophysics, talked about above.

Desk 1:  Interval knowledge and outcomes of brines analyses for lithium, potassium, and magnesium for drill gap RW-DDH-001

*Drill gap RW-DDH-001 was drilled vertically to a depth of 300m under floor; the salar strata is believed to be flat mendacity leading to reported intervals approximating true thickness

Gap RW-DDH-001 was executed with diamond drilling (HQ-size), allowing the extraction of core samples of the salar basin formations and assortment of brine samples the place doable. Drilling was carried out between Might 28 and June 17 , stopping at 300 metres depth in basement rock items. Ultimate sampling and lining the opening with 2″ diameter PVC filters and casing was accomplished on June 30, 2022 . Drilling was carried out by Salta-based AGV Falcon Drilling SRL, below the supervision of Argentina Lithium’s geologists.

Brine sampling was carried out utilizing a single packer sampling unit throughout drilling. A bailer was employed on two events when non permanent tools failure precluded sampling with a packer. Upon completion of the drilling, chosen intervals of the opening have been re-sampled with a double packer system, allowing isolation of sure intervals.  The packer sampling technique permits the gathering of brine samples at particular depths whereas sealing the opening on the backside and on the high of the interval.

Core logs and the monitoring of drill mud conductivity indicated that the opening entered brackish-to-brine aquifer at roughly 45 metres depth. The preliminary gap was cased from floor to 42 m depth to stabilize the free higher formation sediments. Sand, black sand and gravel host formations have been logged between 50 and 76.3 m depth, with silt and traces of sulphates. From 76.3 m to 127.5 m , the core logs present interbedded sand and silt with sulphates. Gravels with sand have been logged from 127.5 m to 144.0 m , the place the drill entered ignimbrite (a welded pyroclastic rock), displaying various levels of fracturing and alteration. In consideration of the younger volcanos south of the property, drilling continued to 300 m , to guarantee that deeper permeable sediment items didn’t exist within the sequence within the space of RW-DDH-001.The outlet was stopped in granitic igneous items representing basement.  All core samples recovered in drilling are retained for logging and can be found for subsequent laboratory analysis of things corresponding to whole and efficient porosity, permeability and different measureable traits of the aquifer formation.

Samples of brine have been submitted for evaluation to Alex Stewart Worldwide Argentina S.A., the native subsidiary of Alex Stewart Worldwide. an ISO 9001:2008 licensed laboratory, with ISO 17025:2005 certification for the evaluation of lithium and potassium. Alex Stewart employed Inductively Coupled Plasma Optical Emission Spectrometry (“ICP-OES”) because the analytical approach for the first constituents of curiosity, together with: boron, calcium, potassium, lithium, and magnesium. Measurements within the area included pH, conductivity, temperature and density. The standard of pattern analytical outcomes was managed and assessed with a protocol of clean, duplicate and customary samples included inside the pattern sequence.  Variations between unique and duplicate samples and outcomes for requirements and blanks are thought of inside the acceptable vary for lithium.  Two duplicates, one clean and two requirements have been included within the samples reported on this information launch.

Argentina Lithium has an choice to earn a 100% curiosity within the Rincon West challenge, as described within the Firm’s September 28, 2021 Information Launch.

Certified Individual

David Terry , Ph.D., P.Geo. is the Firm’s Certified Individual as outlined in Nationwide Instrument 43-101. Dr. Terry is accountable for oversight of the Firm’s early-stage exploration on the Rincon West property.  The disclosure on this information launch has been reviewed and authorized by Dr. Terry.

About Argentina Lithium

Argentina Lithium & Vitality Corp is targeted on buying top quality lithium tasks in Argentina , and advancing them in direction of manufacturing as a way to meet the rising world demand from the battery sector. The administration group has an extended historical past of success within the useful resource sector of Argentina , and has assembled a primary price workforce of specialists to amass and advance the very best lithium properties on the earth famend “Lithium Triangle”. The Firm is a member of the Grosso Group, a useful resource administration group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

“Nikolaos Cacos”
Nikolaos Cacos , President, CEO and Director

Neither TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.

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Neither TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.

This information launch might comprise forward-looking statements.  Ahead-looking statements tackle future occasions and situations and subsequently contain inherent dangers and uncertainties. All statements, aside from statements of historic reality, that tackle actions, occasions or developments the Firm believes, expects or anticipates will or might happen sooner or later, together with, with out limitation, statements concerning the Firm’s plans for its mineral properties; the Firm’s enterprise technique, plans and outlooks; the longer term monetary or working efficiency of the Firm; and future exploration and working plans are forward-looking statements.

Ahead-looking statements are topic to numerous dangers and uncertainties that will trigger the precise outcomes of the Firm to vary materially from these mentioned within the forward-looking statements and, even when such precise outcomes are realized or considerably realized, there will be no assurance that they’ll have the anticipated penalties to, or results on, the Firm. Elements that would trigger precise outcomes or occasions to vary materially from present expectations embody, amongst different issues: the affect of COVID-19; dangers and uncertainties associated to the power to acquire, amend, or keep licenses, permits, or floor rights; dangers related to technical difficulties in reference to mining actions; and the chance that future exploration, improvement or mining outcomes won’t be in step with the Firm’s expectations. Precise outcomes might differ materially from these at the moment anticipated in such statements. Readers are inspired to consult with the Firm’s public disclosure paperwork for a extra detailed dialogue of things that will affect anticipated future outcomes. The Firm undertakes no obligation to publicly replace or revise any forward-looking statements, until required pursuant to relevant legal guidelines. We advise U.S. buyers that the SEC’s mining pointers strictly prohibit data of this sort in paperwork filed with the SEC. U.S. buyers are cautioned that mineral deposits on adjoining properties should not indicative of mineral deposits on our properties.

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SOURCE Argentina Lithium & Vitality Corp.

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