Lithium Chile Inc. provide an operational update on its Phase Two development program at Salar de Arizaro in Argentina. The Company reports the completion of its second production well, Argento 2, drilled to a total depth of 649 metres. The brine aquifer identified was 255 metres thick; a significant increase from the 132 metre aquifer on its maiden well previously reported in its initial NI 43-101 report with an indicated and inferred resource of 1,420,000 tonnes of lithium carbonate equivalent (LCE).

With the knowledge gained from the recent drilling activity on the Company's Salar de Arizaro project, the Company has contracted another diamond drill rig. Four to five new exploration wells will be drilled to expand testing on other sections of the property. The ongoing exploration program is yielding valuable understanding of the structure and composition of the underlying lithium bearing aquifer.

A 255 Metre Thick Brine Aquifer Identified ­ Doubles Thickness of Brine Aquifer Intersected in the First Production Well and as Been Advised the Chengze Investment Is Under Review.