July 6, 2021 / Vancouver, BC / Lithium South Development Corporation (the “Company”) (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt OGPQ) is pleased to announce the appointment of Yi Hua Dai, Ph.D. to the board of directors. Mr. Dai is the founder and Chairman of Chemphys Chengdu, a producer of battery grade and high purity lithium since 1998. Chemphys is a wholly foreign owned company operating in China, whose products have been qualified by leading Japanese, Korean and Chinese battery materials companies. Mr. Dai is a certified Technical and Economic Expert of Sichuan Province in China and regarded as a Non-Ferrous Metals Industry Association Expert. He has a proven record of leading the development of lithium manufacturing techniques with 24 patents valid or in application.
Adrian F.C. Hobkirk, CEO and President of Lithium South, said, “We are very fortunate to have Mr. Dai bring his experience and expertise in lithium to the board of the Company. His industry knowledge and technical expertise will be invaluable in moving Lithium South to potential future production.”
At the Annual General Meeting held June 30th, all proposed directors were re-elected. Subsequent to the AGM, the Company accepted the resignations of Mr. Allen Ambrose and Mr. Gordon Neal. The Company thanks them for their contribution to the development of Lithium South. An advisory board has now been formed through which Mr. Ambrose and Mr. Neal will continue to participate in the future development of the Company.
About Lithium South
Lithium South is focused on developing the Hombre Muerto North Lithium Project (HMN Li Project), located on the Hombre Muerto Salar, a major lithium-producing salar in Argentina. The property is adjacent to land under development by the Korean multinational corporation POSCO, which acquired the ground from Galaxy Resources Ltd. for US $280 million. The Company completed a Preliminary Economic Assessment of the HMN Li Project in 2019, utilizing conventional evaporation extraction. The Company is focused on
evaluating alternative extraction methods for the HMN Li Project and plans to become a leader in the application of Direct Lithium Extraction technology at the project level.
On behalf of the Board of Directors
Adrian F. C. Hobkirk
President and Chief Executive Officer
Investors / Shareholders call 855-415-8100 / website: www.lithiumsouth.com
Neither the 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. The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release.
This news release contains certain “forward-looking statements” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward-looking statements. The reader is cautioned not to place undue reliance on forward- looking statements. There can be no guarantee that the transaction being contemplated, the sale of the HMN Lithium Project, will complete as announced or at all. We seek safe harbor.