Lithium South Development Corporation announced the commencement of development activities for pumping well PW23-AS-02, located within the Alba Sabrina tenement. The Alba Sabrina claim is the large of the five, salar located claim blocks which total 3,287-hectares of the 5,687-hectare Hombre Muerto North Lithium Project (HMN Lithium Project) package. Pumping well PW23-AS-02 has been completed to 400 meters of depth and is being prepared for a long- term pumping test.

Initial assessments suggest the well could be highly productive. Emergence, which is brine surging out of the hole, has been observed. This early indication is a promising sign for brine production potential.

The planned installation of a custom-made metal capsule, functioning as a valve to control upwelling, further underscores the anticipation of substantial brine production. Implementing this valve highlights the company's proactive approach to managing the well's emergent behavior, indicative of its expected high yield. A 20 HP pump set is to be deployed to a depth of approximately 58 meters, which aligns with the presence of the first filter in order to optimize brine pumpability.

As the pumping operation commences, adjustments to pump capacity or depth may be made to maximize brine extraction. Upon long-term pump test completion of well PW23-AS-02, a pumping well is planned to be drilled on either the Viamonte or Norma Edith claim blocks south of Alba Sabrina. Continued development success and the company's Preliminary Economic Assessment Financial Model, published on March 04, 2024, has brought attention to the Company.

Management is reviewing potential industry alliances or other potential business transactions and will apprise the shareholders of any developments. Mr. William Feyerabend, CPG, a Consulting Geologist and Qualified Person under National Instrument 43-101, participated in the production of this news release and approves the technical and scientific content contained herein.