Bearing Lithium Corp. provided a Maricunga project update. The updated resource estimate of 1,905,000 tonnes of lithium carbonate equivalent (LCE) represents close to double the initial resource of 1,020,000 tonnes of LCE in the equivalent area (Stage One) in the 2019 Definitive Feasibility Study (DFS). A resource equivalent to 4.95 Mt of KCl was also defined. The resource estimate was prepared in accordance with JORC and NI 43-101 international reporting standards. The Stage One project comprises the Old Code properties of Cocina 19-27, Salamina, Despreciada and San Francisco, which have a total combined area of 1,125 hectares. These properties were constituted under the 1932 Chilean mining law and have grandfathered rights for the exploitation, production and sale of lithium. It should be noted that the M+I Resources described above in Tables 1 and 2 are in addition to the M+I Resources (2018) of 184 Kt Lithium (979 Kt LCE) in the Litio 1-6 (New Code) concessions to a depth of 200 m. The Maricunga resource remains open at depth. A new Exploration Target between 400m-550m has been defined for further resource expansion below the Old Code Concessions, and between 200m– 550m below the New Code concessions. They could potentially contain between 1.2Mt-2.1Mt of LCE. An Exploration Target is not a mineral resource. The potential quantity and grade of the Exploration Target is conceptual in nature, and there has been insufficient exploration to define a Mineral Resource in the volume where the Exploration Target is outlined. It is uncertain if further exploration drilling will result in the determination of a Mineral Resource in this volume.