Lithium Chile Inc V.LITH

CEO Steve's Reply to wolfgangat at CEO>CA

[tiger2201]

@wolfgangat I asked Steve and Michelle about the situation ... Here´s their answer "Thank you for reaching out. Below is our official stance on this Order. The main take away for our shareholders is to understand this Order has no affect on the ownership and/or value of the significant assets and resource Lithium Chile owns. We are reviewing the options and will have an update in due course. Since the Order was announced, we have had several Companies reach out with interest in acquiring the block currently held by Chengze. That is positive news for our Company, yet doesn’t resolve the underlying issue. The issue in-front of us is an industry-wide Government issue - it’s frustrating to be affected by policies that have changed after the deal was complete, especially for a Company that doesn’t own any Canadian assets. We will continue to examine our response and options. Lithium Chile’s statements in respect to the Order given to our shareholder, Chengze Lithium Group: The private placements into Lithium Chile Inc. (the “Company”), by Chengze Lithium Group (“Chengze”), completed in January and May of 2022, were completed following Canadian Investment Act guidelines and policies. The investments by Chengze into the Company were approved by the TSX Venture Exchange. The assets operated by the Company are owned through its South American subsidiaries in Chile and Argentina. The assets operated by the Company are not Canadian assets, nor is the Company’s significant lithium resource, recently reported in its NI 43-101 compliant report. The investments into the Company by Chengze does not equate to a control position, nor does it give Chengze special rights in respect to the outcome or decisions made by the Company. It is important to note that while the investments made by Chengze has given the Company a significant cash position, the outcome of this Order does not affect the ownership and/or value of the Company’s assets and/or lithium resource. The Company was advised of this Order on the same day it was publicized by the Government, and the Order is being reviewed."

tiger