Argentina Lithium & Energy Corp.
TSX VENTURE : LIT
FRANKFURT : OAY1

October 06, 2016 09:00 ET

Argentina Lithium Completes $2M Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 6, 2016) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO OR THROUGH US NEWSWIRE SERVICES

Argentina Lithium and Energy Corp. (TSX VENTURE:LIT)(FRANKFURT:OAY1)(WKN:A0RK7E), "Argentina Lithium" or the "Company") is pleased to announce that the $2 million private placement announced on September 30, 2016 is fully subscribed. The Company is in the process of completing and filing the required paperwork for regulatory approval.

This financing is subject to regulatory approval, and all securities to be issued pursuant to this financing are subject to a four-month hold period under applicable Canadian securities laws. Directors, officers and employees of the company may participate in a portion of the financing. Finder's fees may be paid on a portion of the financing.

About Argentina Lithium and Energy Corp.:

Argentina Lithium is a member of the Grosso Group, a management company specializing in resource exploration since 1993.

ON BEHALF OF THE BOARD

Nikolaos Cacos, President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements.

The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

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