Lithium Chile Inc. announced it has entered into a Farm-In agreement (the "Agreement") with Eramet. The signing of the Agreement is proceeding in parallel with the strategic process being undertaken by PI Financial Corp. This synchronized approach underscores the Company's commitment to maximizing value in all aspects of its operations.

The partnership with Eramet signifies a pivotal step for Lithium Chile as it leverages the extensive expertise and capabilities of a distinguished industry leader to expedite exploration efforts on four of the Company's Chilean properties. Llamara, Aguilar, Rio Salado and Aquas Caliente are included in the Agreement which collectively cover an expansive area exceeding 40,000-hectares, showcasing significant potential for mineral exploration and development. Eramet will undertake an exploration program, carried out in three separate phases over the next 3 to 4 years.

The total projected exploration program is in the order of ~USD $20 million. Upon completion of each phase, Eramet shall earn share capital in the Joint Venture holding the mining tenements, totaling up to 70% at the end of phase 3 with an option to reach 100% equity. Lithium Chile will be entitled to a bonus ("Success Bonus"), pre-agreed by the parties, based on the amount of Lithium Carbonate Equivalent resources delineated, in accordance with a completed NI 43-101 or similar instrument.

The proposed transaction between Lithium Chile and Eramet is subject to the execution of the Joint Venture Agreement and the Company receiving TSX Venture Exchange approval.