VANCOUVER, BC, March 22,
2023 /CNW/ - Argentina Lithium & Energy
Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF), ("Argentina
Lithium" or the "Company") wishes to announce that it has
engaged Michael Baybak and Company, Inc. (the
"Consultant") to assist with marketing services. The
services consist primarily of writing services, but may include
additional marketing services that constitute "investor relations
activities". Pursuant to the terms of the consulting
agreement between the Company and the Consultant dated
November 23, 2022, in exchange for the Consultant's services,
the Company has agreed to pay the Consultant a monthly fee of
US$7,000 effective from
January 1, 2023 through to June
30, 2023. The term of the agreement is for a period of
approximately seven months, with such term to be extended at the
discretion of the Company. The Company also granted 50,000
stock options to the Consultant's President to purchase 50,000
common shares of the Company (each a "Share") at an exercise
price of $0.35 per Share for a period
of five years, expiring on December 8,
2027, in accordance with the terms of the Company's stock
option plan and the policies of the TSX Venture Exchange. The
Consultant and related parties hold less than one percent (1%) of
the issued and outstanding Shares of the Company.
About Argentina Lithium
Argentina Lithium &
Energy Corp. is focused on acquiring high quality lithium projects
in Argentina and advancing them
towards production in order to meet the growing global demand from
the battery sector. The management group has a long history of
success in the resource sector of Argentina and has assembled a first-rate team
of experts to acquire and advance the best lithium properties in
the "Lithium Triangle". The Company is a member of the
Grosso Group, a resource management group that has pioneered
exploration in Argentina since
1993.
ON BEHALF OF THE BOARD
"Nikolaos
Cacos"
___________________________________________
Nikolaos
Cacos, President, CEO and Director
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.
All statements, other than statements of historical fact, that
address activities, events or developments the Company believes,
expects or anticipates will or may occur in the future, including,
without limitation, the Company's plans for its mineral properties;
the Company's business strategy, plans and outlooks; the future
financial or operating performance of the Company; and future
exploration and operating plans are forward-looking
statements.
Forward-looking statements are subject to a number of risks
and uncertainties that may cause the actual results of the Company
to differ materially from those discussed in the forward-looking
statements and, even if such actual results are realized or
substantially realized, there can be no assurance that they will
have the expected consequences to, or effects on, the Company.
Factors that could cause actual results or events to differ
materially from current expectations include, among other things:
the impact of COVID-19; risks and uncertainties related to the
ability to obtain, amend, or maintain licenses, permits, or surface
rights; risks associated with technical difficulties in connection
with mining activities; and the possibility that future
exploration, development or mining results will not be consistent
with the Company's expectations. 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, unless required pursuant to applicable laws. We advise
U.S. investors that the SEC's mining guidelines strictly prohibit
information of this type in documents filed with the SEC. U.S.
investors are cautioned that mineral deposits on adjacent
properties are not indicative of mineral deposits on our
properties.
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SOURCE Argentina Lithium & Energy Corp.
