PIONEERING - Lithium Chile

PIONEERINGLITHIUM

THE WORLD’S HIGHEST GRADE

LITHIUM CHILE NOW HAS 13 PROPERTIES, 11 SALARS AND 1 LAGUNA COMPLEX - 71,900 ACRES IN THE WORLD’S HIGHEST-GRADE LITHIUM DISTRICT.

PLUS: 4 GOLD, SILVER & COPPER PROPERTIES

TSX -V : LITH | OTCBB : LTMCF


This presentation is not an offer to purchase or sell securities. This presentation is for informational purposes only and is not an offer to sell or a solicitation of an offer to buy any securities in Lithium Chile Inc (“Lithium Chile” or the “Company”), nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Certain information contained herein has been provided by or obtained from third party sources and has not been independently audited or verified by Lithium Chile. No representation or warranty, express or implied, is made by Lithium Chile as to the accuracy or completeness of such information contained in this document, and nothing contained in this document is, or shall be relied upon as, a promise or representation by Lithium Chile. The technical information in this corporate presentation has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43- 101 and reviewed on behalf of the company by Terence Walker, M. Sc., P. Geo. Chief Geologist and Vice President of Exploration for Lithium Chile Inc., a qualified person.

FORWARD-LOOKING STATEMENTSStatements included in this presentation that do not relate to present or historical conditions are “forward-looking statements”. Forward-looking statements are projections in respect of future events or the future financial performance of Lithium Chile. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “intend”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, or “continue”, or the negative of these terms or other comparable terminology.

In particular, this presentation contains forward-looking statements relating to Lithium Chile`s business and its future opportunities and business strategies. Expenses required to operate Lithium Chile`s business, business prospects, and strategies, The forward-looking statements contained in this presentation are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause the Company’s, or its industry’s, actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by the forward-looking statements. These risks and uncertainties relate to, among other things:

1. General economic conditions and market uncertainty, including businesscompetition;2. Changes in laws and regulations;3. General political and social uncertainties;4. The viability and marketability of Lithium Chile`s mining operations.5. The Company’s failure to successfully implement its marketing plan;6. The development of superior technology by the Company’s competitors;7. Risks and uncertainties associated with the Company’s ability to raiseadditional capital;8. Risks associated with the failure to retain and attract key managementand personnel.9. Other factors beyond the Company’s control; and10. Other risk factors detailed in Lithium Chile`s reports filed on SEDAR andavailable at www.sedar.com.

Readers are cautioned that the foregoing factors are not exhaustive. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements and the risk factors set forth in Lithium Chile`s quarterly and annual reports filed on SEDAR and available at www.sedar.com.

DISCLAIMER

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WHY LITHIUM

WHY LITHIUM CHILE

• ENERGY OF THE FUTURE •• INCREASING DEMAND WITH LOW SUPPLY •

• NO SUBSTITUTE •

Lithium Chile’s extensive portfolio of low cost prospective properties are located in the heart of where over 50% of the world’s known lithium reserves are located.


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5 REASONS to INVEST1. Lithium Chile’s vast land holdings staked at an average cost of $3 US per Hectare and

the company is entitled to the mineral rights on all claims.2. First time in history that government policies globally are legislating consumer use of

electric powered vehicles.3. Chile is the lowest cost producer of Lithium Carbonate in the world and accounts for

over 50% of the world’s known Lithium Reserves.4. Chile is ranked #1 in Latin America for the most potential to attract foreign investment as

reported by Milken Institutes global opportunity index 2021. 5. Lithium Chile has already achieved success in receiving Indigenous community support

for their exploration programs.


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LITHIUM CHILE PROPERTIES

PROPERTY SALAR BELT HECTARESNorteCoipasaLlamaraOllagueTuriAtacamaLaguna BlancaHeladosRio SaladoLos MorrosMariposasTalar/CapurAguilar

Total Hectares 71,900

AndeanAndeanCentral ValleyAndeanPre-AndeanPre-AndeanAndeanAndeanAndeanPre-AndeanPre-AndeanAndeanAndean

4,50012,9007,6001,6008,9006,0004,60017,4002,9001,7001,2003,5001,100


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THE AGE OF GREEN ENERGY

CHINATarget 5%

EV sales by 2025

INDIAProposal to end

ICE sales by 2030

USA10 States have set

targets for

100%zero-emissions

vehicles by 2051

CANADATargets 30%

EV sales by 2030QUEBEC: Target

100%zero-emissions

By 2050

UK & FRANCE10 States have set

targets for

100%Zero-emissions

vehicles by 2051

NORWAY, NETHERLANDSSWEDEN & GERMANY

Proposal to end ICE sales by 2035.Germany by 2030

Sweden aiming for 30% EV by 2030. Considerations for EU wide by 2030.

JAPANSOUTH KOREA

Targets 30%EV sales by 2030

BRAZILTarget 30%

EV sales by 2030

MEXICOTarget 30%

EV sales by 2030

LITHIUM - THE BACKBONE OF THE 21st CENTURY GREEN TECH BOOM

According to Bloomberg New Energy Finance, demand for lithium is expected to rise 38-fold by 2030, a truly unprecedented surge. The rise of lithium will come hand in hand with the surge of renewables, ushering in the next generation of energy.

THE GLOBAL PUSH TOWARDS ELECTRIFICATION OF VEHICLES


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Lithium Chile has built a team of highly experienced mining, geological and management professionals from Canada and Chile with a track record of successful mineral exploration and corporate finance. The teams expertise coupled with the extensive network of mining connections built up in Chile over the years gives Lithium Chile a unique position amongst it’s peer group in country.

EXPLORATION IN CHILE

★ ONE OF THE LARGEST LANDHOLDER OF LITHIUM SALARS IN CHILE

★ HIGH-GRADE LITHIUM, POSITIVE CHEMISTRYFROM SAMPLING

★ MULTI-PROJECT DRILL PROGRAM

★ COMMUNITY APPROVAL TO DRILL RECEIVED ON TWO PROSPECTSA THIRD PROSPECT PENDING

★ PREMIUM PORTFOLIO STAKED FOR $3/HA


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Chile has the world’s largest, high-grade lithium reserves and the lowest-cost production. In addition, the country has a well-developed infrastructure and is pro-mining.

GLOBAL LITHIUM RESERVES

SOURCE: US GEOLOGICAL SURVEY. DOES NOT INCLUDE US DATA, WHICH IS WITHHELD BY THE US

CHILE

ARGENTINA

CHINA

AUSTRALIA


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Coipasa is an 17,400-hectare property on an Andean salar belt on the border of northern Chile and Bolivia. Lithium Chile currently controls approximately 70 percent of this prospect. Preliminary exploration shows a range of results measuring 310 mg/L to 1,410 mg/L lithium.

COIPASAHIGH-GRADE LITHIUM IN A STRATEGIC LOCATION

CHILEBOLIVIA

17,400 HECTARESOF LITHIUM RICH DEPOSITS.LITHIUM CHILE PROPERTY PORTFOLIO

CHINA’S XINJIANG TBEA GROUP INVEST$1.3B FOR 49% OF THE BOLIVIAN SIDEOF THE SALAR DE COIPASA

THE ADVANTAGES

★ Near-surface samples assaying up to 1410 mg/l lithium.★ Massive (58 km2) TEM anomaly is within 150m of

surface, is 200 - 300m thick and is open at depth.★ Gravity surveys indicate that Salar basin in area of

anomaly is 500 - 1000m deep.★ Drilling anticipated Q2, 2021


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LAGUNA BLANCACESIUM POTENTIAL OVER 8 KM2

A surface sampling program has been completed and initial assays from surface brine samples in the follow up grid area assayed 1035 - 1230 mg/l LITHIUM plus 13500 - 15200 mg/l POTASSIUM

Initial sediment sample assays define a 4+ km sq area enriched in CESIUM ranging from 75 - 690 ppm and averaging 240 ppm which is open to the NW, NE and SE

PHASE 1 IS DESIGNED TO FURTHER EXPLORE THE SPECIFIC 4KM2 OF CESIUM ENRICHED SALT DEPOSITS IDENTIFIED BY THE LATE 2018 RECONNAISSANCE GEOCHEMICAL SAMPLING PROGRAM WITH A VIEW TO ESTABLISHING THE GRADE DISTRIBUTION AND TONNAGE POTENTIAL.


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LOS MORROSPROVINCE: ANTOFAGASTA

SYMBOLOGY

PROPERTY BOUNDARY

TEM LINES

TEM ANOMALY OHM / M3-41-3<1

★ THE 17 KM2 PROPERTY IS LOCATED WITHIN AND COVERS ABOUT 30% OF THE SOUTHERN SECTOR OF SALAR DE LOS MORROS

★ BRINE SAMPLING FROM HISTORIC BORE HOLES HAS RETURNED HIGH LITHIUM GRADES OF UP TO 700 MG/L WITH LOW MAGNESIUM CONTENT

★ HISTORIC DOWN HOLE GEOPHYSICAL SURVEYS INDICATE A HIGH 100+ M THICK, OPEN AT DEPTH CONDUCTIVITY ANOMALY UNDERLIES THE WHOLE PROPERTY


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FINANCIALFACTS

H1 - 2021• COMPLETE TEM PROGRAM ON LOS MORROS LITHIUM PROSPECT AND ANALYSE THE RESULTS• FILE DRILL PERMITS WITH SERNAGEOMIN FOR A 3 HOLE RECONNAISSANCE EXPLORATION DRILL PROGRAM ON LOS MORROS• COMPLETE COMPENSATION AWARD AGREEMENT WITH THE COURTS AND THE COMMUNITY FOR EXPLORATION PROGRAM ON COIPASA• STARTED COMMUNITY NEGOTIATIONS FOR A 4 HOLE DRILL PROGRAM ON SALAR DE LAGUNA BLANCA• COMPLETE IP PROGRAM OVER SELECT TARGETS ON CARMONA GOLD SILVER PROPERTY

LITHIUM CHILE MILESTONES

ISSUED & OUTSTANDINGWARRANTSOPTIONSFULLY DILUTEDINSIDERS/KEY STAKEHOLDERS OWNERSHIP

138.13M15.85M4.38M

158.36M> 43%

AS OF FEB 23/2021 CLOSE OF PRIVATE PLACEMENT

SHARE STRUCTURE TSX-V: LITH | OTCBB:LTMCF

H2 - 2021• DRILL 3 EXPLORATION HOLES ON LOS MORROS PROPERTY• FILE DRILL PERMITS WITH SERNAGEOMIN ON 4 HOLE RECONNAISSANCE EXPLORATION DRILL PROGRAM ON LAGUNA BLANCA• FILE DRILL PERMITS WITH SERNAGEOMIN ON 3 HOLE RECONNAISSANCE EXPLORATION DRILL PROGRAM ON SALAR DE COIPASA• BEGIN 4 HOLE DRILL PROGRAM ON LAGUNA BLANCA• BEGIN 4 HOLE DRILL PROGRAM ON SALAR DE COIPASA• FILE PERMITS AND DRILL 4- 6 HOLE EXPLORATION PROGRAM ON CARMONA GOLD AND SILVER PROPERTY OR ENTER INTO A 3RD PARTY JV FOR EXPLORATION PROGRAM ON CARMONA• LOOK AT EXPANDING OUR LITHIUM PROPERTY FOOTPRINT BOTH DOMESTICALLY AND INTERNATIONALLY.

✓

✓

$90M /MARKET CAP


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MANAGEMENT TEAM

STEVE COCHRANEPRESIDENT & CEO

Mr. Cochrane has 36 years ofinvestment industry experience

during which he has beeninstrumental in raising in excess of$500,000,000 for “small cap” public

companies.CAPITAL MARKETS

AL KROONTJEEXECUTIVE CHAIRMAN

Mr. Al J. Kroontje, B.Sc. (Eng.), serves as an Executive Chairmanof Lithium Chile Corporation. Mr.

Kroontje has been an InterimChief Executive Officer of BorderPetroleum Limited since July 29,2013 and served as its Interim

President.CAPITAL MARKETS/OPERATIONS

TERRY WALKERVP EXPLORATION & CHIEF GEOLOGIST

Terry Walker, M.Sc., P.Geo. is a highly experienced exploration geologist and

technical team leader. He has spent over 27 years in Chile’s mining industry, with a

particular focus on lithium, and is well connected throughout the sector. Terry is the co-founder of GeoServicios Piedra

Dorada – an exploration and development services company.

LITHIUM EXPLORATION & DEVELOPMENT

JOSÉ GUSTAVO DE CASTRO ALEMMANAGER OF LITHIUM OPERATIONS

Chemical Engineer with deep experience in international mining

operations and commercial management. Specializing in process engineering,

mining, and resources management ops. Jose has held key operations & executive

positions in mining orgs. in Argentina & Chile.

LITHIUM EXPLORATION & DEVELOPMENT


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APPENDIX


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CARMONADISSEMINATED GOLD AND/OR GOLD-COPPER

PORPHYRY DEPOSITS

Carmona is a 8,300 hectare ‘grassroots’ exploration property located 95 kilometers southeast of La Serena and covers several large zones of hydrothermal alteration which encompass an old pre-Columbian gold mining camp.

Regionally it straddles the west flank of the Chilean Mega copper-gold porphyry belt and the Paleocene copper-gold porphyry - epithermal gold-silver belt. Historic and current artisanal mining production grades from epithermal gold-silver veins within the property range from 10 – 70 g/t gold and 100 – 1100 g/t silver.

Reconnaissance stream sediment and rock samples collected from the main alteration zone along the central structural axis of the property returned anomalous gold and silver values from the rock samples ranging from 0.5 – 26.2 g/t gold and 2.1 – 256 g/t silver. The anomalous samples cluster into three main areas from 6 - 13 km² and totaling 26 km² in extent.

Rock samples from the southernmost anomalous area which includes several old mines, assayed 12.4 – 18.3 g/t gold plus 95.4 – 231g/t silver over 1.5 – 2m widths. The highest-grade sample of 26.2 g/t gold however is from a new discovery within the northern half the central 13 km² anomalous area.

Detailed follow up sampling programs are in progress in the southern and central target area containing the 26.2 g/t gold discovery.


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APOLO AND SANCARRON

Apolo and Sancarron are ‘grass roots’ exploration properties located 130 kilometers northeast of La Serena in the core of the El Indio Gold Belt noted for its multi-million ounce gold deposits such as El Indio, 20 kilometres to the south and Pasqua-Lama, 35 kilometres to the north.

Both properties cover multiple large zones of gold and silver bearing hydrothermal alteration.

The properties are accessible by the all-weather road from La Serena to the El Indio mining camp and then by seasonal dirt roads up the Rio del Medio and Rio Apolinario valleys.

The Apolo Property consists of 1 exploration and 12 exploitation concessions totaling 2,730 hectares. The Sancarrón property consists of 4 exploration and 6 exploitation concessions totaling 2,700 hectares.

Both of the properties are owned by Lithium Chile Inc through its wholly owned Chilean subsidiary Compania Minera Kairos Chile Limitada.


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HAVE QUESTIONS?GET IN TOUCH WITH LITHIUM CHILE INC.

Steve Cochrane, President & CEO#900, 903 – 8TH AVE. S.W. CALGARY, AB,

T2P 0P7 +1-587-393-5801 | [email protected]

LITHIUMCHILE.CA

mailto:[email protected]

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PIONEERING - Lithium Chile