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Lithium Chile Inc.: Lithium Chile Announces Proposed Private Placement Lithium Chile or the Company ) announces that it plans to complete a non-brokered private placement of up to 12,500,000 units of the Company (the Units ) at a price of $0.28 per Unit, for aggregate gross proceeds of up to $3,500,000 (the Offering ). There is no minimum Offering. In addition, the Company has reserved an option (the Over-Allotment Option ) to issue an additional 1,875,000 Units (equaling 15% of the Offering). Each Unit will be comprised of one (1) common share of the Company (a Common Share ) and one (1) Common Share purchase warrant ( Warrant ). Each Warrant shall be exercisable at $0.60 per Common Share for a period of 24 months from the date of closing of the Offering. The Warrants issued pursuant to the Offering will contain an acceleration clause such that the expiry date for the Warrants may be accelerated at the Company s discretion upon the Common Shares trading at or abo

United statesSteven cochraneTerry walkerCompany the unitsCompanya common shareLithium chile incAlberta newsfile corpVenture exchangeEach unitCommon shareEach warrantCommon sharesOver allotment optionEach broker warrantBroker warrantExisting shareholder