American Salars Lithium Inc. announced it has received the assay results from ALS Geochemistry Laboratory in Reno Nevada from soil samples collected at the Black Rock South lithium brine project, located 72 Miles North of the Tesla Gigafactory in Nevada. Samples were processed using Boyd RSD rotary crushers and splitter with a 180-micron (80 mesh) sieve, aqua regia digestion, and 41 multi-element ICP-AES analysis (code ME-ICP41). Out of the 38 soil samples, 33 recorded lithium concentrations of 100 ppm or higher with the highest sample recording 180.5 ppm lithium with an average grade of the 33 samples of 131 ppm across the surface of the property.

Anomalous lithium results in a northeast trend and may represent a lithium brine aquifer at depth if the structural geology or geophysics shows a porous unit structure. Soil Sampling across the American Salars 100% owned Black Rock South property has been completed and yielded anomalous lithium concentrations. Assay results reveal a northeast trend of anomalous lithium that could represent a lithium brine at depth.

38 soil samples were collected across the Black Rock South property at a spacing of approximately 300 meters. Out of the 38 soil samples, 33 recorded lithium concentrations of 100 ppm or higher with the highest sample recording 180.5 ppm lithium with an average grade of 131 ppm across the surface of the property. The prospecting sample assays taken on other areas of the salar were received and will be studied internally.

Project Soil sampling was completed across the property in a grid style to ensure complete coverage of the property. A total of 38 samples were completed at intervals of 300 meters. Soil samples were collected using shovel at a depth of ~20-30 cm.

Top portion of the sample was included for a complete soil profile of any evaporite on surface within the property. Caution must be exercised in interpreting the results due to capillary action from evaporation and brine movement sequences may concentrate or dilute lithium values on the surface. Aquifers carrying lithium rich brines usually concentrate at depth so surface values indicate the presence of lithium in the brines.

Follow-up work will include geophysics and deep auger work prior to drilling. Michael C Say was the project geologist. The Blackrock South Lithium Brine Project is located 72 Miles North of the Tesla Gigafactory, 93 Miles Southwest of Thacker Pass, and 215 miles Northwest of the United States?

only producing lithium mine, the Silver Peak lithium brine mine owned by Albemarle Corporation. The claims cover a conceptual target for lithium brines which is very similar to the published geology1 of the Clayton Valley lithium brine production area approximately 200 miles to the Southeast. The concept is consistent with generally accepted data and theories about the formation of lithium brine resources.

The target area is lithium ? brines hosted in basin-fill sediments. Recent 2024 Phase 1 sampling program returned an average grade of 131 PPM with a high of 180.5 PPM lithium.

The Candela II Lithium deposit is on the southern and lowest end of the Incahuasi Salar, located in the Province of Salta, Argentina. Candela II is situated approximately 45 kilometers from town of Tolar Grande, 267 kilometers from Salta, and close in proximity to advanced and renowned lithium salars such as Arizaro (Lithium Chile) and Pocitos (Hanaq). Volcanoes Cerro Aracar, Medina and Pular contribute lithium to the Incahuasi salar through aquifers.

The Candela II Lithium Brine Project contains a National Instrument 43-101 mineral resource estimate (?MRE?) completed by WSP Australia Pty. Ltd. This NI 43-101 resource report estimates the project to contain lithium metal of 86,000 tonnes which equates to 457,500 tonnes of in-situ lithium carbonate equivalent (LCE) and a lithium yield of 48,000 tonnes of LCE from 9,000 tonnes of lithium metal. The calculations assume no losses from lithium metal and a porosity average that will be updated in the next drilling phase.

WSP Australia completed an update of the NI 43-101 report initially written by Phillip Thomas QP in June 2023 and estimated on an inferred basis using a block model with 6% and 14% porosity for the clay and sand lithologies respectively and a Mineral Resource Estimate (?MRE?) of 760,000 tonnes of Lithium Carbonate Equivalent (?LCE?) on the combined Pocitos 1 (800 Ha) and neighbouring Pocitos 2 block (532 Ha). American Salars does not own the neighboring Pocitos 2 ground which comprises 40% of the gross land package that makes up the resource however it is notable that all drilling to date has been completed on American Salars? Pocitos 1 block.