Lithium South Announces Closing Date of April 7, 2026

About this update from Lithium South Development Corporation

Lithium South Announces Closing Date of April 7, 2026VANCOUVER, BC / ACCESS Newswire / March 31, 2026 / Lithium South Development Corporation (the "Company" or "Lithium South") (TSX-V:LIS)(OTCQB:LISMF)(Frankfurt:OGPQ) is pleased to announce that it has arranged a closing date of April 7, 2026 for the arm's length asset sale (the "Transaction") of its 100% owned Hombre Muerto North Lithium Project package (the ‘'HMN Li Package") as approved by shareholders on February 19, 2026 and previously announced on July 30, 2025, August 7, 2025, November 20, 2025, December 8, 2025 and February 4, 2026. The Transaction is for the sale of 100% of the issued and outstanding shares of the Company's wholly-owned subsidiary, NRG Metals Argentina S.A., (which holds title to the "HMN Li Package") with 99% to POSCO Argentina S.A.U. and 1% to POSCO Holdings Inc.The effective date of the payout of the cash consideration of CAD$0.505 per common share pursuant to the Plan of Arrangement is expected to be finalized shortly and the shareholders will be apprised accordingly. The Company will be making applications to delist from the TSX Venture Exchange and the OTCQB market, and an application to cease being a reporting issuer.The Company wishes to remind its Registered Shareholders that they are required to complete and return a letter of transmittal (the "Letter of Transmittal") to the Company's transfer agent, Computershare Investor Services Inc., in order to receive the cash consideration for their common shares pursuant to the Plan of Arrangement. The Letter of Transmittal may be retrieved from the Company's profile at www.sedarplus.ca posted on January 29, 2026, or contact Computershare by phone at 1-800-564-6253 or by email at [email protected]. Further details can also be found at Investors | Lithium South (TSX-V: LIS | OTCQB: LISMF)Non-Registered shares held with financial intermediaries will be handled by the institution in coordination with Computershare Trust Company.On behalf of the Board of DirectorsAdrian F. C. HobkirkPresident and Chief Executive OfficerInvestors / Shareholders call 855-415-8100 / website: www.lithiumsouth.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Vent...

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