American Salars Closes Private Placement

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Summary

The Company plans to use the proceeds of theOffering for general working capital.About American Salars Lithium Inc. American SalarsLithium Inc. is an exploration company focused on exploring anddeveloping high-value battery metals projects to meet the demands ofthe advancing electric vehicle market. Its flagship project is theCandela II Salar Project in Argentina which features a NI 43-101inferred resource.All Stakeholders are encouraged to follow the Companyon its social media profiles on LinkedIn, Twitter and Instagram.On Behalf of the Board of Directors,Neither the Canadian Securities Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the CSE) accepts responsibility for the adequacy or accuracy ofthis release.Certain statements in this releaseare forward-looking statements, which reflect the expectations ofmanagement regarding American Salars intention to continue toidentify potential transactions and make certain corporate changes andapplications. Suchstatements are subject to risks and uncertainties that may causeactual results, performance, or developments to differ materially fromthose contained in the statements. No assurance can be given that anyof the events anticipated by the forward-looking statements will occuror, if they do occur, what benefits American Salars will obtain fromthem. These forward-looking statements reflect managements currentviews and are based on certain expectations, estimates and assumptionswhich may prove to be incorrect.

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