Argentina Lithium & Energy Corp. announced its accelerated exploration plans for 2024. The revised program includes a plan to complete up to 30 drill holes at the Company's large and highly prospective Antofalla North project, with a goal of bringing it to a resource delineation stage shortly on the heels of the company's flagship Rincon West project, where the 11th of 20 planned exploration drill holes is underway.

The company has also expanded the exploration program plans for its pipeline projects, Pocitos and Incahuasi. These are earlier stage and are generally expected to be advanced behind the work at the Rincon and Antofalla salars. However, with permits and funding secured, the Company is in the process of mobilizing a geophysics crew to the Pocitos Salar to begin a reconnaissance program of 170 line-km of TEM (Transient Electromagnetic) surveying on the 26,221 hectares of properties.

This program at Pocitos is an increase of approximately 40% from the previous plans. Program Highlights: Rincon West Project: Following the completion of a successful 9-hole drill program on the Villanoveño II property earlier this year, the company launched a new 5-hole exploration drill program (~ 1,700 m total) at the Rinconcita II property, where the second hole is now in progress. Permitting is underway for the third property, Paso de Sico, and once received the Company plans to execute a program of at least 6 drill holes (~2,100m).

The company is confident in the permitting process, having completed applications and successfully been awarded new permits for the Rinconcita II property of Rincon West as recently as this summer. Following the drill programs at the Rincon West properties a series of rotary wells will be completed and pump tests executed, to provide high-quality data on porosity and permeability to support a mineral resource estimate. This work will require additional permits, which have been submitted.

The exact number and timing of wells and tests will be determined based on the results of the drilling programs. Antofalla North Project: Argentina Lithium plans to complete 110 line-km of TEM geophysics at Antofalla North Project covering approximately 16,620 hectares. This work will further map the basin and provide final targets for drilling of an initial 6 broadly spaced reconnaissance holes totaling approximately 2,400 metres to test for lithium brines. With positive results, the Company now envisages following this work with as many as 24 infill holes or approximately 7,200 m of drilling to fully test the property holdings.

Argentina Lithium is currently awaiting the issuance of environmental permits at Antofalla which will allow work to commence. The review process is well underway and the Company does not foresee any issues with its applications. Pocitos and Incahuasi Projects: As indicated above, the company is currently mobilizing a geophysics crew to the Pocitos Salar to execute 170 line-km of TEM surveys, to map the subsurface of properties for future drill program targeting.

In 2024, the company expects to follow the Pocitos geophysics work with a survey at its Incahuasi salar properties. The planned program has been expanded by nearly 20%, to 90 line-km of TEM covering the entire 25,582 hectares of the project.