Galan Lithium Limited announced that it has executed a binding Option Agreement (Agreement) with a private Argentinian individual for the purchase of the right to earn a 100% interest in the Casa Del Inca III lithium brine tenement. The acquisition increases and consolidates the company's Hombre Muerto West (HMW) project footprint located in the South American Lithium Triangle in Catamarca, Argentina. Galan has agreed to initially acquire 300ha for a total of USD 150,000 with the initial deposit of USD 80,000 being paid. Casa del Inca III is located within the Salar del Hombre Muerto, where Livent Corporation is currently producing lithium carbonate and Galaxy Resources Limited is developing its Sal de Vida project. More importantly, it abuts Galan's Pata Pila interest, which shares the same geology setting forming part of the suite of tenements that comprise the HMW project. The HMW project currently houses a high-grade, low impurity lithium brine resource of 2.3Mt LCE @ 946mg/l Li.