Lithium Chile Inc. agreed to Spin-Off Lithium Chile 2.0. on April 18, 2024. 111,978 hectares of Chilean lithium properties are to be transferred to Lithium Chile 2.0 Inc. Lithium Chile will then consider distributing the shares of Lithium Chile 2.0. on a pro-rata basis to shareholders of the Company. Based on management's plans and the current share capital of the Company, it is anticipated that this will result in existing shareholders receiving approximately 1 share of Lithium Chile 2.0. for every 4 shares of the Company.

PI Financial Corp. acted as a financial advisor to Lithium Chile Inc.