[Type text] Argentina Lithium & Energy Corp. (TSX-V: LIT, OTCQB: PNXLF) April 27, 2018 Prospective Lithium Player in Argentina Price (as of April 26, 2018): CAD $0.23 Argentina Lithium & Energy Corp. (TSX-V: LIT, OTCQB: PNXLF) (“Argentina Lithium” Beta: N/A or ‘the Company’) is a Canadian junior mineral exploration company. It is a member Price/Book: 3.65x company of ‘Grosso Group Management Ltd Corporation’, a private management Debt/Equity Ratio: N/A company headed by Mr. Joseph Grosso which boasts significant prospect development success. The Company has three lithium projects, Arizaro, Incahuasi and Antofalla, in Listed Exchange: TSX-V, OTCQB Argentina. All of these projects lie within the “Lithium Triangle”, which hosts about 70% of known global lithium reserves in South America. The Company is endeavoring to become a significant supplier of lithium and capitalize on the demand from the battery sector. Argentina Lithium is currently in the early stages of exploration and plans to invest in new mineral interests. Investment Rationale The Grosso Group has extensive experience in Argentina’s mining sector The Gross group has 25 years of experience in the mining industry in Argentina. The Grosso group has been undertaking exploration activities since the Argentine Source: Yahoo finance government allowed Foreign Direct Investment (FDI) in 1993. Through its continued operations in the nation, the group has developed a vast network of contacts with government and industry officials. The Grosso Group has formed partnerships with Recent News major mining companies such as, Viceroy (now Yamana Gold), Barrick Gold, Newmont 13-Mar-2018: Argentina Lithium commenced drilling at and Teck. Further, the group’s member companies currently participate in gold, silver, its Incahuasi Lithium Project. copper, lithium and uranium projects in seven provinces in Argentina. The Grosso 8-Mar-2018: Acquired a property on Antofalla Salar, Group has discovered three world-class precious metals deposits including the Salta province, Argentina, which covers over 14,000 Chinchillas silver deposit that will start production later this year. Recently the Grosso hectares. Group celebrated the delivery of the first NI 43-101 compliant Uranium resource in the world’s newest Uranium district located in Argentina. 31-Jan-2018: Argentina Lithium acquired necessary permits to commence drill test at the Incahuasi lithium project in Argentina. Projects are located in the resource-rich Lithium Triangle Argentina Lithium’s mining properties are located in the prospective Lithium Triangle 26-Jan-2018: Granted stock options to purchase a total region in Argentina. The Lithium Triangle covers parts of Chile, Bolivia and Argentina, of 4.57 million common shares (exercisable over a five- and hosts approximately 70% of the lithium resources in the world. The Company’s year period till January 26, 2018, at $0.50 per share) as Arizaro project is located in the Salar de Arizaro, the third largest salar (salt flat) in the incentive to the directors, employees, officers and consultants. Lithium Triangle. It is located in the Salta province and is in close proximity to roads, rail, power and water. Further, the newly acquired Antofalla project is also located in the 24-Jan-2018: Closed a non-brokered private placement Salar de Antofalla in the Salta province, where global lithium producers such as of 5,422,718 units for total gross proceeds of Albemarle (NYSE: ALB, market cap of US$10.22 billion) have their operations. In $1,789,497 at $0.33 per unit. addition, the Incahuasi is located in the Catamarca province, where FMC Corporation 21-Dec-2017: Closed a non-brokered private placement (NYSE:FMC, market cap of US$10.66 billion, a diversified chemical company), one of of 7,049,557 units for total gross proceeds of the largest lithium producers in the world, has its lithium project. Other mining projects $2,326,353 at $0.33 per unit. in the region should help bring further infrastructure development. 16-Nov-2017: Increased property holdings through High grades of lithium mineralization of 257 mg/l and 409 mg/l acquisition of an additional 7,030 hectares at the Arizaro Lithium project, Argentina. A drilling program conducted at the Company’s Arizaro lithium project reported on November 14, 2017, a highest grade of 257 mg/l (milligrams per liter) lithium. The longest drill hole in the Arizaro project was 398 meters (m) in depth. Further, the program intersected sand with numerous anomalous values between 300m to 395m. These values suggest the presence of lithium-rich aquifers at greater depths. The Common shares outstanding: 76.29 million reconnaissance surface sampling at the Incahuasi lithium project returned a high grade Fully diluted shares Outstanding: 103.44 million of 409 mg/l lithium. Vertical Electric Sounding (VES) surveys detected potential brine Market Cap: $17.55 million aquifers at a depth of 200m and the first drill program at this salar is now underway. 52 Week High: $0.60 The Antofalla properties are as yet untested but several other companies are exploring 52 Week Low: $0.08 properties on the salar, and previous operators elsewhere on the salar reported grades of 350 mg/l lithium and 6,400mg/l potash in brines. Note: All $ symbols represent Canadian Dollars (CAD) unless otherwise specified. www.RBMILESTONE.com Argentina Lithium & Energy Corp. Experienced and highly qualified management team Mr. Joseph Grosso is the Chairman of the board and a director of Argentina Lithium, and the founder and President of the Grosso Group. He has played a key role in Argentina’s mining sector since 1993. In his 24 years of experience, he has acquired key mining properties, formed strategic alliances with mining industry majors and developed a vast network with government officials and industry majors. Mr. Nikolaos Cacos, the Chief Executive Officer and director of the Company has over 20 years of experience in the mineral exploration industry and is highly experienced in strategic planning and administration. Mr. Nicolas Galli is a director of the Company, experienced in the construction and development of lithium projects in Argentina. He has worked with major companies such as FMC Corp., Orocobre, Enirgi and others. Dr. Daniel Galli is the Director of Technical Operations and has developed and employed proprietary patented processes for production of lithium carbonate and battery grade lithium hydroxide from brines. Dr. David A. Terry is also a director of the Company, with over 25 years of experience in the mineral resources sector. He has served major roles in acquisition, development and exploration of mineral deposits in the American continent. He is also experienced in the execution and design of exploration programs, corporate finance, project evaluation and mergers & acquisition. Mr. Nick DeMare is also a director of the Company and the President of Chase Management Inc. He is experienced in providing securities regulatory compliance, management and accounting services. Argentina – a mining friendly nation with lithium resources of 9.8 million tons In 2017, the US Geological Survey (USGS) estimates lithium reserves in Argentina to be two million metric tons. However, a recent revision has identified as much as 9.8 million tons of lithium resources in Argentina. The current Argentine government is mining- friendly and favors foreign investment in the mining sector. In 2016, the Argentine government capped royalties paid to provinces and tax on infrastructure funds at 3% and 1.5% respectively and abolished constraints on import of equipment and parts and repatriation of profits. These initiatives boosted Argentina’s lithium production by 61% to reach 5,800 metric tons in 2016, compared to 3,600 metric tons in 2015. Moreover, these reforms also attracted investments in lithium projects of US$1.5 billion in the same year. The Argentine government has prioritized investments in lithium projects to boost its sluggish economy. Argentina’s Energy and Mining ministry expects new investments of US$20 billion in its mining sector by 2021 and plans to increase future lithium exports to US$800 million from US$191 million in 2016. Lithium demand continues to grow through the Electric Vehicles and Energy Storage segments The demand for lithium continues to grow significantly through the increased use of lithium ion (Li-ion) batteries. Deutsche Bank estimates lithium demand to be 534 kilotons by 2025. In addition, Benchmark Mineral Intelligence, an independent analysis and price assessment company, estimates the share of lithium demand from batteries to be 67% in 2020, compared to 46% in 2017. It is primarily due to the demand from Electric Vehicles (EV) and Electric Storage Systems (ESS) segments. Over a period of eight years, battery prices continued to fall to reach US$209 per kilowatt-hour (kWh) in 2017, a 79% decrease compared to US$1,000 per kWh in 2010, to the benefit of EV and ESS markets. Economies of scale, competition and technological advancements have significantly reduced battery-manufacturing costs, which led to the recent decline in battery prices. Bloomberg New Energy Finance estimates battery prices to be as low as US$100 per kWh by 2025. Strict regulations to curb carbon dioxide emissions (CO2) emissions and government subsidies have increased EV sales significantly, to reach 1.2 million units in 2017. Further, the rapid transition to clean energy has increased investments in renewable energy such as solar and wind energy, which contributed 80% or US$268 billion of the clean energy investments in 2017. Moreover, Bloomberg expects the energy storage market to grow to 125 gigawatts (GW) by 2030. Company Overview Business Argentina Lithium is a Canada-based junior exploration company with its headquarters at Vancouver, Canada. The Company’s current focus is in acquiring mineral property interests, exploring and evaluating their resource potential, and engage with Joint Venture (JV) partners to develop resource rich properties.