Lithium Chile and China Union Holdings Ltd. Sign an Amended and Restated Share Purchase Agreement

CALGARY, ALBERTA – TheNewswire - May 7, 2026 - Lithium Chile Inc. ( TSX Venture Exchange: LITH ) (OTC-QB: LTMCF ) (“Lithium Chile” or the “Company”) is pleased to announce that the Company has entered into an amended and restated share purchase agreement with China Union Holdings Ltd. that amends and restates the Share Purchase Agreement previously announced by the Company on December 22, 2025 (the “Amended and Restated Share Purchase Agreement”), with respect to the transaction contemplated thereby (the “Transaction”). The Amended and Restated Share Purchase Agreement clarifies that the 10 shares of Argentum Lithium S.A. (“Argentum”) held by Mr. Cochrane are held in trust for Lithium Chile, and that Mr. Cochrane does not have any equitable or beneficial interest in such shares, and that the exercise of any rights associated with those shares must be in accordance with instructions from Lithium Chile.