American Salars arranges $175,000 private placement

Mr. R. Nick Horsley reports AMERICAN SALARS ANNOUNCES NON BROKERED PRIVATE PLACEMENT American Salars Lithium Inc. has arranged a non-brokered private placement to raise gross proceeds of up to $175,000. The private placement will consist of up to 1,666,667 units at a price of 10.5 cents per unit. Each unit will comprise one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share for a period of 24 months at a price of 14 cents per share. The company will use the proceeds from the financing for exploration and for general working capital. All securities issued will be subject to a four-month-and-one-day hold period from the date of issuance pursuant to applicable securities legislation. In addition, the warrants shall contain certain provisions such that the holder shall only be entitled to exercise such warrants to the extent that the holder will own (together with any person acting jointly or in concert with the holder), directly or indirectly, less than 10 per cent of the issued and outstanding common shares of the company immediately following such exercise. About American Salars Lithium Inc. American Salars Lithium is an exploration company focused on exploring and developing high-value battery metals projects to meet the demands of the advancing electric vehicle market. We seek Safe Harbor.