Lithium South Announces Closing Date of April 7, 2026

Executive Summary

• Lithium South announced the closing date (April 7, 2026) for the arm’s‑length sale of its 100% owned Hombre Muerto North Lithium Project (“HMN Li Package”) to POSCO entities.
• Shareholders will receive cash consideration of CAD $0.505 per common share; the company will apply to delist from the TSX Venture Exchange and OTCQB and cease being a reporting issuer.
• Shareholders must submit a Letter of Transmittal to Computershare to receive their cash proceeds.

Key Details

• Transaction Structure: Sale of 100% of shares of wholly‑owned subsidiary NRG Metals Argentina S.A., which holds the HMN Li Package, to POSCO Argentina S.A.U. (99%) and POSCO Holdings Inc. (1%).
• Closing Date: April 7, 2026 (closing date arranged).
• Cash Consideration: CAD $0.505 per common share payable under the Plan of Arrangement; payout timing to be finalized shortly.
• Delisting Plans: Lithium South will file applications to delist from both the TSX Venture Exchange and the OTCQB market and to cease being a reporting issuer.
• Shareholder Action Required: Completion and return of a Letter of Transmittal to Computershare Investor Services Inc. (instructions available on the company’s SEDAR profile as of Jan 29, 2026).
• Non‑Registered Shares: Will be handled by the holder’s financial intermediary in coordination with Computershare Trust Company.
• Board Signatory: Adrian F. C. Hobkirk – President and Chief Executive Officer, on behalf of the Board of Directors.

Notable Quotes

(No direct quotes provided in the release.)