VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 9, 2017) - Argentina Lithium & Energy Corp. (TSX
VENTURE:LIT)(FRANKFURT:OAY1)(WKN:A0RK7E)(OTCQB:PNXLF) ("Argentina Lithium" or the "Company") is pleased to report that
it has secured the necessary permits to complete detailed exploration work at the Arizaro Lithium Project ("the Project") on the
Arizaro Salar in Salta Province, Argentina. The Company is now mobilizing equipment to create access routes on the 20,500
hectare property. Detailed exploration work is expected to commence in mid-February. This will include both near-surface
geochemical sampling and a Vertical Electric Sounding (VES) geophysical survey to delineate conductive zones at depth that may
host lithium-bearing brines. Data from this first stage of the program will be used to define targets for a drill program
that is planned for early in the second quarter of 2017.
"We are excited to be taking the first step in a systematic exploration program to investigate the Arizaro Project for
lithium-rich brines," said Nikolaos Cacos, President and C.E.O. "At the same time we are initiating baseline environmental
studies and community engagement programs, in anticipation of drilling, and potentially resource delineation, later this
year."
About the Arizaro Lithium Project
The Company has the option to earn a 100% interest in the Arizaro Lithium Brine Project, including 20,500 hectares in the
central core of the Arizaro Salar, the largest in Argentina and third largest in the "Lithium Triangle". Very little historic
exploration work has been done on the Arizaro Salar, however the central area is interpreted to have the geologic conditions and
thickness to be the most prospective for quality brine resources. Furthermore, the Arizaro Salar benefits from a strategic
location for infrastructure, including: a railway that connects to the deep water port of Antofagasta, nearby advanced mining
projects that are expected to bring significant development of access routes and power, and the availability of water for
development. For additional information on the Project please see the Company website www.argentinalithium.com.
Qualified Person
The contents of this news release have been reviewed and approved by David Terry, Ph.D., P.Geo. Dr. Terry is a Director of the
Company and a Qualified Person as defined in National Instrument 43-101.
ON BEHALF OF THE BOARD
Nikolaos Cacos, President, CEO and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently
anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed
discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise
any forward-looking statements.