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American Salars Registers Subsidiary for Pocitos Salar Project

American Salars Lithium Inc. (CSE: USLI, OTC: ASALF, FWB: Z3P, WKN: A3E2NY) has announced the registration of a new subsidiary in Argentina. The subsidiary, named American Salars Pocitos SA, will oversee the Pocitos 1 lithium project.

Overview of Pocitos 1 Lithium Deposit

WSP Australia recently updated the NI 43-101 report, estimating an inferred Mineral Resource of 760,000 tonnes of Lithium Carbonate Equivalent (LCE) for Pocitos 1 and neighboring Pocitos 2 blocks. Notably, all drilling so far has been conducted on the Pocitos 1 block.

Location and Infrastructure

Pocitos 1 is located 10 kilometers from the town of Pocitos, with accessible gas, electricity, and accommodation. The project spans 800 hectares and has benefited from over $2.0 million in exploration since 2017, including drilling three wells with outstanding brine flow results.

Drilling and Results

Drill hole PCT22-03 recorded lithium values of 169 ppm using packer sampling during the December 2022 campaign. The results showed excellent brine flow rates. Ekosolve Ltd. also produced 99.8% purity lithium carbonate, extracting over 94% of lithium from the brine.

About Candela II Lithium Deposit

Candela II, located on the southern end of the Incahuasi Salar in Salta, Argentina, is 267 kilometers from Salta. The NI 43-101 report estimates the deposit contains 86,000 tonnes of lithium metal, equivalent to 457,500 tonnes of in-situ LCE. The estimated yield is 48,000 tonnes of LCE from 9,000 tonnes of lithium metal.

Strategic Positioning

American Salars CEO & Director R. Nick Horsley states that the subsidiary structure is a strategic move for the long-term development and tax efficiency of operations in Argentina.

About American Salars Lithium Inc.

American Salars Lithium Inc. is focused on exploring and developing high-value battery metals projects, including the Pocitos 1 and Candela II Lithium Salar Projects in Argentina. Both projects feature NI 43-101 inferred resources.

The company encourages stakeholders to follow its social media profiles on LinkedIn, Twitter, TikTok, Facebook, and Instagram.

On Behalf of the Board of Directors,

“R. Nick Horsley”

R. Nick Horsley, CEO

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