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Lithium Power International, Maricunga Lithium Project Clarification of Decree No. 64

Lithium Power International Limited (LPI or the Company) refers to its announcement dated 8 March 2018 in which it provided clarification on a Chilean media release in connection with the publication of Decree No. 64. Decree No. 64 approved a future lithium special operation agreement (CEOL) between the Ministry of Mining in Chile and a subsidiary of the Chilean state-owned copper company Codelco.

The CEOL contemplated by Decree No. 64 (Codelco CEOL) has been executed. The Codelco CEOL does not affect, in any manner whatsoever, any lithium concessions granted to the Maricunga JV company, Minera Salar Blanco (MSB), prior to 1979 under the "Old Code" mining regulations. A significant proportion of MSB's properties, namely: Cocina, Salamina, Despreciada and San Francisco are "Old Code" tenements, with only the Litio tenement classified as post 1979 "New Code".


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