Southern Lithium Acquires Additional Claims to Bring Total to 90.3 sq. km in the Pocitos Salar Basin in Salta Province, Argentina

PRESS RELEASE

May 13, 2017

VANCOUVER, Canada –- Southern Lithium Corp. (TSX-V: SNL) (FSE: SL5) (“Southern” or “the Company”) is pleased to announce it has acquired a seventy percent (70%) interest in two additional claim blocks in the Pocitos Salar Basin in Salta Province, Argentina with partner Proyecto Pastos Grandes S.A. (“PPG SA”), a wholly owned subsidiary of Millennial Lithium Corp. (TSX- V: ML).

The Cruz Property is contiguous with the south end of ADY Resources Limited’s (“ADY”) Salar del Rincon project, which has Probable Reserves of 1.2 million tonnes Lithium Carbonate Equivalent (“LCE”) and Measured and Indicated Resources of 3.5 million tonnes Lithium Carbonate Equivalent (“LCE”). ADY project economics consist of ungeared after-tax 9% NPV of $1.36 billion with a payback period of 4.13 years from start of commercial production. Life of mine is approximately 24.5 years with average annual production 50,000 tonnes LCE per annum.

The acquisition costs will be covered under the terms of the formal option agreement dated November 17, 2016 (the “Definitive Agreement”) with Millennial Lithium Corp. Claim one is the Poci 02 and encompasses 3,263 hectares (8,063 acres) and the second claim is the Poci 03 and encompasses 3,264 hectares (8,065 acres).

To earn the additional 10% interest (for an aggregate total 80% interest) in the Property, the Company must, prior to that date which is 6 months after the third anniversary of the Definitive Agreement, complete a bankable feasibility study on the Property.

The transaction remains subject to certain conditions, and includes the final granting of the claims will be subject to approval of Environmental Impact Report (“EIR”). The activities covered in the EIR include geophysics surveys, drilling and future well testing as well as flow rate test programs, and onsite evaporation and processing trials, in addition to infrastructure development as required. This includes roads and drill pads, a camp and facilities for the test evaporation pans and preliminary process testing.

Larry Segerstrom, President of Southern Lithium commented, “Pocitos Salar Basin remains our highest priority lithium target in Argentina. The additional claims essentially triple the property’s size and brings us up against ADY’s advanced Rincon project. With a minimal amount of work, we will have excellent targets for drill testing in 2017.”

About the Cruz Property

Through our partner Millennial Lithium Corp. (TSX.V:ML) (FSE:A3N2) (OTCQB:MLNLF), the Company has executed a formal option agreement with Proyecto Pastos Grandes S.A. (“PPG SA”), a wholly owned subsidiary of Millennial, for the right to earn up to an eighty percent (80%) interest in the PPG SA’s Cruz Property in the Pocitos Salar Basin in Salta Province, Argentina.

The Cruz Property is located in the heart of South America’s Lithium Triangle (northern Chile, northwestern Argentina and southwest Bolivia). The property encompasses 9,027 hectares (22,306 acres) in the Pocitos Salar Basin in Salta Province, Argentina, and is contiguous with and immediately south of ADY Resources Limited’s lithium brine resource in the Salar del Rincón Basin.

The Cruz Property includes the central portion of the Rincon volcanic center which forms the northern limit of the Pocitos Salar Basin and the southern limit of the Rincon Salar Basin, where ADY Resources Limited is extracting lithium brine. Both properties lie along the structural belt that hosts the important lithium resources of the region, and at the junction of a large north-south fault system and the northwest-southeast megastructure along which lies the Rincon volcano, the possible source of the lithium brine in both salar basins.

The 60-kilometre long Pocitos Salar Basin has previously only been drill tested with a shallow 12-hole program in the 1970s by an Argentinean government agency “Direccion General de Fabricaciones Militares”. To date, this is the only confirmed exploration drilling conducted in the Pocitos basin. The hole that produced the best results is near the southeast edge of the Cruz property boundary, and averaged 417 parts per million lithium. Although these results are considered historical and have not been verified by the Company’s QP, the Company considers these results relevant to the future exploration of the property.

About Southern Lithium Corp (TSX-V: SNL FSE: SL5)

Southern Lithium Corp. is a resource exploration company engaged in the business of acquiring and exploring minerals properties. Southern Lithium Corp. has assembled an experienced management team with a growth strategy to develop portfolio of Lithium projects. The Company’s main objective is to add shareholder value through exploration and development of high quality resources through strategic acquisitions, joint ventures, and marketing while maintaining a lower risk profile through project diversification and sound, cost-effective financial management. With the potential acquisition of the Cruz property, Southern Lithium intends to establish its presence in the Pocitos basin and further deliver on its mission to secure technically superior lithium projects. The Company is only focusing on projects of the highest technical merit in favorable geopolitical jurisdictions.

Qualified Persons

The scientific and technical information contained in this news release has been reviewed and approved by Larry Segerstrom, M.Sc. (Geology), P.Geo., a Director of the Company, who is a “Qualified Person” as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

ON BEHALF OF THE BOARD OF DIRECTORS

“Clive H. Massey”

Chief Executive Officer

For further information, please contact:

Southern Lithium Corp.

Sam Eskandari

Phone: +1.416.918.6785

Email: ir@southernlithium.com

Further information about the Company is available on our website at www.southernlithiumcorp.com or under our profile on SEDAR at www.sedar.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.

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws.

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Southern Lithium's Geophysical Survey Shows Large Brine Target at its Cruz Property, Salta Province, Argentina

PRESS RELEASE                                                                                                   February 21, 2017

VANCOUVER, Canada – – Southern Lithium Corp.  (TSX-V: SNL FSE: SL5)  ("Southern" or "the Company") is pleased to announce that we have been informed by Millennial Lithium Corp. (the “Optionor”), that it has received favorable results from a recently completed ground geophysics program that was previously announced (February 2, 2017) at its Cruz Property (the "Property"), located in the Pocitos salar basin in Salta Province, Argentina.

In early February, the companies completed a Transient Electromagnetic Survey (“TEM”) survey that was carried out by Quantec Geoscience Argentina S.A., (“Quantec”) of Mendoza, Argentina. The TEM covered a total of 16 points covering 20.25 square kilometres, on a 4500 metre-by 4500 metre (m) grid, at 1500 meters spacing. 

The TEM results show a continuous north-south trending conductive unit over a distance of more than 6 kilometres.  In comparison to other salar basins in the region, highly conductive readings generally indicate a high content of brine.  Salar brines in the “Lithium Triangle” of Argentina, Bolivia and Chile typically contain high levels of lithium.

The spacing of the survey points leads to an interpretation of conjoined oval-shaped areas underlain by brine. The overall basin however is shaped by strong north-south and northwest southeast faulting. Highly conductive readings have generally been found to indicate a high content of lithium brine in most other salar basins in the area. 

In the central core of the property the indications of brine appear as shallow as 30 metres, below a compact near surface halite layer and to a depth of 250 metres.  Due to the highly conductive nature of the anomaly, survey readings were limited to a maximum 250 metres.  

The results of the geophysics survey are interpreted to be very positive, suggesting a large area of brine at shallow depths and extending to over 250 metres of depth. A 2-hole drilling program is planned to commence on approval of the addendum to the existing exploration environmental impact report, anticipated in March.

Company CEO Clive Massey states: “We are extremely encouraged with the results of the geophysics and we are pleased with the level of participation investors have shown in the recently announced Private Placement. This financing will be another significant step forward for Southern as it continues to build shareholder value and execute on raising the funding necessary to accelerate the advancement of the exploration efforts at the Cruz Property in Argentina."

Millennial’s COO Iain Scarr states: “The results of the geophysics program thus far appears to confirm our assertion that the Pocitos basin is highly likely to host significant quantities of lithium brine. Its proximity to other large resources, the structural setting, and known chemical indicators are reinforced by these results in justifying and targeting exploration drilling. We are very encouraged by this program, and are grateful to Quantec Argentina for their quality work and thoughtful interpretation. Our plan now is to commence the drilling program as soon as permitting allows. We look forward to reporting further results.”

About Quantec

Quantec Geoscience is a geophysical survey company specializing in ground-based electrical and EM surveys. Quantec offers a full turnkey solution to customers – from project planning all the way to final interpretation. Quantec has been a geophysical survey acquisition company, and it prides itself for the quality of their field work. The 5,000+ and counting surveys conducted by Quantec have been located in basically any and every type of environment found on the planet.

About TEM

TEM uses electromagnetic impulse excitation to investigate the subsurface. It is a variation of the electromagnetic method in which electric and magnetic fields are induced by transient pulses of electrical current in coils or antennas instead of by continuous current. TEM surveys have become the most popular surface EM technique used in exploration for minerals and groundwater and for environmental mapping. Ohm is the unit of measurement of electrical resistance in a material. One ohm is the resistance in a circuit when one volt maintains a current of one amp.

Qualified Persons

The scientific and technical information contained in this news release has been reviewed and approved by Larry Segerstrom, M.Sc. (Geology), P.Geo., a Director of the Company, who is a “Qualified Person” as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

The exploration program is being managed by Iain Scarr, Millennial Lithium Corp., Chief Operating Officer, and a Qualified Person as defined by NI 43-101. Mr. Scarr is Certified Professional Geologist (CPG) with the American Institute of Professional Geologists.

Southern Private Placement

As previously announced on February 7, 2017, the Company announced a non-brokered private placement of 4,000,000 units (each “Unit“) at a purchase price of $0.25 per Unit, for gross proceeds of up to $1,000,000. Each Unit will consist of one (1) common share (“Common Share“) of the Company and one (1) non-transferable share purchase warrant (“Warrant“).

Each Warrant will entitle the holder to acquire one (1) Common Share at an exercise price of $0.35 for a period of 18 months from the closing date of the Private Placement. In the event that the Company’s common shares trade at a closing price greater than $0.50 per share for a period of 10 consecutive trading days at any time after the closing date, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date hereafter referred to as the (“Forced Conversion Feature“) on which such notice is given by the Company.

The private placement is subject to TSX Venture Exchange approval. There will be a hold period of four months and one day on all securities issued under this financing.

About the Cruz Property

Through its partner Millennial Lithium Corp., the Company has executed a formal option agreement with Proyecto Pastos Grandes S.A. (“PPG SA”), a wholly owned subsidiary of Millennial, to be granted an option to acquire an eighty percent (80%) interest in the PPG SA’s Cruz Property in the Pocitos Salar Basin in Salta Province, Argentina.

The Cruz Property is located in the heart of South America’s Lithium Triangle (northern Chile, northwestern Argentina and southwest Bolivia). The property encompasses 2,500 hectares in the Pocitos salar basin in Salta Province, Argentina, and lies 11 kilometres south of ADY Resources Limited’s lithium brine resource in the Salar del Rincón Basin.

The Cruz property is adjacent to the Rincon volcanic center that defines the southern limit of the Rincon salar basin, where ADY Resources Limited is extracting lithium brine, and the northern limit of the Pocitos salar basin, where the Cruz property is located. Both properties lie along the structural belt that hosts the important lithium resources of the region, and at the junction of a large north-south fault system and the northwest-southeast megastructure along which lies the Rincon volcano, the possible source of the lithium brine in both salar basins.

The 60-kilometre long Pocitos salar basin has previously only been drill tested with a shallow 12-hole program in the 1970s, by an Argentinean government agency “Direccion General de Fabricaciones Militares”. To date, this is the only confirmed exploration drilling conducted in the Pocitos basin. The hole that produced the best results is near the southeast edge of the Cruz property boundary, and averaged 417 parts per million; note that these results are considered historical and cannot be confirmed under NI 43-101 standards.

About Southern Lithium Corp (TSX-V: SNL FSE: SL5)

Southern Lithium Corp. is a resource exploration company engaged in the business of acquiring and exploring minerals properties. Southern Lithium Corp. has assembled an experienced management team with a growth strategy to develop portfolio of Lithium projects. The Company’s main objective is to add shareholder value through exploration and development of high quality resources through strategic acquisitions, joint ventures, and marketing while maintaining a lower risk profile through project diversification and sound, cost-effective financial management. With the potential acquisition of the Cruz property, Southern Lithium intends to establish its presence in the Pocitos basin and further deliver on its mission to secure technically superior lithium projects. The Company is only focusing on projects of the highest technical merit in favorable geopolitical jurisdictions.

Further information about the Company is available on our website at www.southernlithium.com or under our profile on SEDAR at www.sedar.com.

ON BEHALF OF THE BOARD OF DIRECTORS             

“Clive H. Massey”

Chief Executive Officer                                                                   

For further information, please contact:

Southern Lithium Corp.

Sam Eskandari

Phone: +1.416.918.6785                                                                                               

Email: ir@southernlithium.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.

(Cautionary statement: At this stage there has been insufficient exploration completed such that a mineral resource may be calculated. The potential quantity and grade can only be established with further work, including sampling, which the Company is initiating shortly. It is currently not known if this additional work will result in identifying a mineral resource.)

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws.

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Southern Lithium Corp. Announces New CEO

PRESS RELEASE                                                                                                   February 14, 2017

VANCOUVER, Canada – – Southern Lithium Corp.  (TSX-V: SNL FSE: SL5)  ("Southern" or "the Company") is pleased to announce that Clive H. Massey will be filling the position of  Chief Executive Officer ("CEO") effective immediately. In addition to the role of CEO, Mr. Massey will also continue to serve as a director on the Company's board.

Mr. Massey has over 27 years of public relations and marketing experience with both public and private companies in the mining industry including business development, strategy, resource assessment, and mineral exploration and government relations. He has a strong understanding of the equity markets and has been involved in both debt and equity financings of up to $60 million and has also held directorships for various Toronto Stock Exchange Venture listed companies.

Mr. Massey has been the President and CEO at Aldever Resources Inc. since February 2015. He serves as the CEO, President and Director at Windfire Capital Corp. since 2011. He served as the CEO and President of Redhill Resources Corp. (now Millennial Lithium Corp.) from January 2012 to October 2012. Mr. Massey was co-founder and CEO and Director of Prescient Mining Corp from March 2007 to August 2008. Mr. Massey co-founded and served as President and CEO of Universal Uranium, (now Expedition Mining Inc.). From 2005 to 2007 he coordinated the public relations programs for several successful public companies including Lumina Copper Corp. which was purchased by Teck Cominco Ltd. Previously, he served as Head of Investor Relations and Director of Corporate Communications at Inca Pacific Resources Inc. Mr. Massey has held management or investor relations positions with Greystar Resources, Marafill Mines, Everett Resources Ltd. and The North Air Group of Companies. Mr. Massey has also be involved as a consultant with public companies in various sectors of industry including manufacturing, financial services and high tech.

Lawrence Segerstrom, President of Southern Lithium stated, "I would like to congratulate Clive and look forward to working closely with him on advancing the business objectives for the Company. His experience both in the capital markets and the mining industry, will be of great value to the company in the role of CEO."

About the Cruz Property

Through its joint venture partner Millennial Lithium Corp. (TSX-V: ML) (OTCQB: MLNLF), the Company has executed a formal option agreement with Proyecto Pastos Grandes S.A. (“PPG SA”), a wholly owned subsidiary of Millennial, to be granted an option to acquire an eighty percent (80%) interest in the PPG SA’s Cruz Property in the Pocitos Salar Basin in Salta Province, Argentina.

The Cruz Property is located in the heart of South America’s Lithium Triangle (northern Chile, northwestern Argentina and southwest Bolivia). The property encompasses 2,500 hectares in the Pocitos salar basin in Salta Province, Argentina, and lies 11 kilometers south of ADY Resources Limited’s lithium brine resource in the Salar del Rincón Basin.

The Cruz property is adjacent to the Rincon volcanic center that defines the southern limit of the Rincon salar basin, where ADY Resources Limited is extracting lithium brine, and the northern limit of the Pocitos salar basin, where the Cruz property is located. Both properties lie along the structural belt that hosts the important lithium resources of the region, and at the junction of a large north-south fault system and the northwest-southeast megastructure along which lies the Rincon volcano, the possible source of the lithium brine in both salar basins.

The 60-kilometer long Pocitos salar basin has previously only been drill tested with a shallow 12-hole program in the 1970s, by an Argentinean government agency “Direccion General de Fabricaciones Militares”. To date, this is the only confirmed exploration drilling conducted in the Pocitos basin. The hole that produced the best results is near the southeast edge of the Cruz property boundary, and averaged 417 parts per million; note that these results are considered historical and cannot be confirmed under NI 43-101 standards.

About Southern Lithium Corp (TSX-V: SNL FSE: SL5)

Southern Lithium Corp. is a resource exploration company engaged in the business of acquiring and exploring minerals properties. Southern Lithium Corp. has assembled an experienced management team with a growth strategy to develop portfolio of Lithium projects. The Company’s main objective is to add shareholder value through exploration and development of high quality resources through strategic acquisitions, joint ventures, and marketing while maintaining a lower risk profile through project diversification and sound, cost-effective financial management. With the potential acquisition of the Cruz property, Southern Lithium intends to establish its presence in the Pocitos basin and further deliver on its mission to secure technically superior lithium projects. The Company is only focusing on projects of the highest technical merit in favorable geopolitical jurisdictions.

Further information about the Company is available on our website at www.southernlithium.com or under our profile on SEDAR at www.sedar.com.

ON BEHALF OF THE BOARD OF DIRECTORS             

“David Alexander”

Chief Financial Officer                                                                     

For further information, please contact:

Southern Lithium Corp.

Sam Eskandari

Phone: +1.416.918.6785                                                                                               

Email: ir@southernlithium.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.

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws.

###

Southern Lithium Announces Non-Brokered $1 Million Private Placement

PRESS RELEASE                                                                                                     February 7, 2017

VANCOUVER, Canada - - Southern Lithium Corp.  (TSX-V: SNL) (FSE: SL5) ("Southern" or "the Company") is pleased to announce a Non-Brokered Private Placement (the "Private Placement")  to raise gross proceeds of up to CDN$1.0 Million.

The company will issues 4,000,000 units (each "Unit") at a purchase price of $0.25 per Unit, for gross proceeds of up to $1,000,000. Each Unit will consist of one (1) common share ("Common Share") of the Company and one (1) non-transferable share purchase warrant ("Warrant").

Each Warrant will entitle the holder to acquire one (1) Common Share at an exercise price of $0.35 for a period of 18 months from the closing date of the Private Placement. In the event that the Company's common shares trade at a closing price greater than $0.50 per share for a period of 10 consecutive trading days at any time after the closing date, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date hereafter referred to as the ("Forced Conversion Feature") on which such notice is given by the Company.

The private placement is subject to TSX Venture Exchange approval. There will be a hold period of four months and one day on all securities issued under this financing.

About the Cruz Property

Through its joint venture partner Millennial Lithium Corp. (TSX-V: ML) (OTCQB: MLNLF), the Company has executed a formal option agreement with Proyecto Pastos Grandes S.A. (“PPG SA”), a wholly owned subsidiary of Millennial, to be granted an option to acquire an eighty percent (80%) interest in the PPG SA’s Cruz Property in the Pocitos Salar Basin in Salta Province, Argentina.

The Cruz Property is located in the heart of South America’s Lithium Triangle (northern Chile, northwestern Argentina and southwest Bolivia). The property encompasses 2,500 hectares in the Pocitos salar basin in Salta Province, Argentina, and lies 11 kilometers south of ADY Resources Limited’s lithium brine resource in the Salar del Rincón Basin.

The Cruz property is adjacent to the Rincon volcanic center that defines the southern limit of the Rincon salar basin, where ADY Resources Limited is extracting lithium brine, and the northern limit of the Pocitos salar basin, where the Cruz property is located. Both properties lie along the structural belt that hosts the important lithium resources of the region, and at the junction of a large north-south fault system and the northwest-southeast megastructure along which lies the Rincon volcano, the possible source of the lithium brine in both salar basins.

The 60-kilometer long Pocitos salar basin has previously only been drill tested with a shallow 12-hole program in the 1970s, by an Argentinean government agency “Direccion General de Fabricaciones Militares”. To date, this is the only confirmed exploration drilling conducted in the Pocitos basin. The hole that produced the best results is near the southeast edge of the Cruz property boundary, and averaged 417 parts per million; note that these results are considered historical and cannot be confirmed under NI 43-101 standards.

About Southern Lithium Corp (TSX-V: SNL FSE: SL5)

Southern Lithium Corp. is a resource exploration company engaged in the business of acquiring and exploring minerals properties. Southern Lithium Corp. has assembled an experienced management team with a growth strategy to develop portfolio of Lithium projects. The Company’s main objective is to add shareholder value through exploration and development of high quality resources through strategic acquisitions, joint ventures, and marketing while maintaining a lower risk profile through project diversification and sound, cost-effective financial management. With the potential acquisition of the Cruz property, Southern Lithium intends to establish its presence in the Pocitos basin and further deliver on its mission to secure technically superior lithium projects. The Company is only focusing on projects of the highest technical merit in favorable geopolitical jurisdictions.

Further information about the Company is available on our website at www.southernlithium.com or under our profile on SEDAR at www.sedar.com.

ON BEHALF OF THE BOARD OF DIRECTORS             

“David Alexander”

Chief Financial Officer                                                                     

For further information, please contact:

Southern Lithium Corp.

Sam Eskandari

Phone: +1.416.918.6785                                                                                               

Email: ir@southernlithium.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.

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws.

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Southern to Begin Geophysical Survey at Cruz Property, Argentina

PRESS RELEASE                                                                                         January 23, 2017

VANCOUVER, Canada –- Southern Lithium Corp.  (TSX-V: SNL FSE: SL5)  ("Southern" or "the Company") is pleased to announce that it has initiated a ground geophysics program at its Cruz property ("Cruz"), located in the Pocitos salar basin in Salta Province, Argentina.

Phase 1 Cruz Geophysics Program

Southern will be executing a controlled-source, audio-frequency magnetotellurics ("CSAMT") geophysical survey at the Cruz property (Cruz). Once completed, the CSAMT program will better delineate drill targets. Southern expects to commence the drilling program early this spring.

Controlled-source audio-frequency magnetotellurics ("CSAMT") is a commonly used surface-based geophysical method which provides resistivity information of the subsurface. This low-impact, non-intrusive technique has been used extensively by the minerals, geothermal, hydrocarbon and groundwater exploration industries since 1978 when equipment systems first became available commercially.

The CSAMT method involves transmitting a controlled signal at a suite of frequencies into the ground from one location (transmitter site) and measuring the received electric and magnetic fields in the area of interest (receiver site). Calculated resistivity values from CSAMT data relate to geology. Primary factors affecting resistivity include rock or sediment porosity and the density of pore fluids, which gives an indication of the concentration of dissolved salts, including those of lithium, in the pore fluids.  

At Cruz, as at neighbouring projects including the nearby Enirgi Group’s 100% owned Rincón Project through its wholly owned subsidiary ADY Resources Limited, formations such as the Halitic Zone and structures such as district and local faults exert significant control on mineralization. The CSMAT survey will help Southern identify such stratigraphic units and structures.

Company President Larry Segerstrom states: “The CSAMT geophysical program will strongly assist the Company in identifying and mapping potential lithium-rich brine targets for the next phase of exploration.” We are excited to be on the property which is strategically located within the ‘Lithium Triangle’, where over half of the earth's identified resources of lithium are found.”

About the Cruz Property

The Cruz Property is located in the heart of South America’s Lithium Triangle (northern Chile, northwestern Argentina and southwest Bolivia). The property encompasses 2,500 hectares in the Pocitos salar basin in Salta Province, Argentina, and lies 11 kilometers south of ADY Resources Limited’s lithium brine resource in the Salar del Rincón Basin.

The property is located along the major fault and volcano chain that defines the southern limit of the Rincon Basin, where ADY Resources Limited is extracting lithium brine, and the northern limit of the Pocitos basin, where the Cruz property is located. Both properties lie along the structural belt that hosts the important lithium resources of the region, and adjacent to a major crossing lineament that is thought to have given rise to the hydrothermal activity that has supplied lithium to both closed salar basins.

The 60-kilometer long Pocitos salar basin has previously only been drill tested with a shallow 12-hole program in the 1970s, by an Argentinean government agency, “Direccion General de Fabricaciones Militares”. To date, this is the only confirmed exploration drilling conducted in the Pocitos basin. The hole that produced the best results is near the southeast edge of the Cruz property boundary, and averaged 417 parts per million; note that these results are considered historical and cannot be confirmed under NI 43-101 standards.  

About Southern Lithium Corp (TSX-V: SNL FSE: SL5)

Southern Lithium Corp. is a resource exploration company engaged in the business of acquiring and exploring minerals properties. Southern Lithium Corp. has assembled an experienced management team with a growth strategy to develop portfolio of Lithium projects. The Company's main objective is to add shareholder value through exploration and development of high quality resources through strategic acquisitions, joint ventures, and marketing while maintaining a lower risk profile through project diversification and sound, cost-effective financial management. With the potential acquisition of the Cruz property, Southern Lithium intends to establish its presence in the Pocitos basin and further deliver on its mission to secure technically superior lithium projects. The Company is only focusing on projects of the highest technical merit in favorable geopolitical jurisdictions.

Qualified Persons

The scientific and technical information contained in this news release has been reviewed and approved by Larry Segerstrom, M.Sc. (Geology), P.Geo., a Director of the Company, who is a "Qualified Person" as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

Further information about the Company is available on our website at www.southernlithium.com or under our profile on SEDAR at www.sedar.com.

ON BEHALF OF THE BOARD OF DIRECTORS             

“David Alexander”

Chief Financial Officer                                                                     

For further information, please contact:

Southern Lithium Corp.

Sam Eskandari

Phone: +1.416.918.6785                                                                                               

Email: ir@southernlithium.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.

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws.

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Southern Lithium Provides Updates and Additional Information on the Cruz Property

December 1, 2016, Vancouver, B.C. – Southern Lithium Corp. (the “Company”) (TSX-V: SNL FSE: SL5) On November 17th, 2016, Southern Lithium announced that it has executed a formal option agreement (a “Definitive Agreement”) with Proyecto Pastos Grandes S.A. (“PPG SA”), a wholly owned subsidiary of Millennial Lithium (TSX-V: ML), to be granted an option to acquire an eighty percent (80%) interest in the PPG SA’s Cruz property in the Pocitos salar basin in Salta Province, Argentina.

The terms of the Definitive Agreement:

• In order for the Company to acquire a seventy percent (70%) interest in the Cruz Property, the Company must:
• Pay a non-refundable deposit of US$150,000 to PPG SA. This payment has already been completed.
• Pay an additional US$50,000 non-refundable deposit to PPG SA upon the execution of the Definitive Agreement. This payment has been made.
• Issue 540,000 common shares of Southern Lithium to PPG SA or Millennial at a deemed price of $0.25 CDN subject to exchange approval.
• On closing of the first tranche of the Private Placement or November 30, 2016 (whichever is earlier) place in a joint exploration account the sum of US$500,000 (the “Exploration Funds”).
  Spend the Exploration Funds of US$500,000 lithium mineral resources exploration activities on the Cruz Property on or before October 1, 2017
• Pay to PPG SA the sum of US$1,000,000 on or before October 1, 2017; and
• Pay to PPG SA the sum of US$1,000,000 on or before October 1, 2018.
  ((a)-(g) being, collectively, the “Option Exercise Price”).

To earn the additional 10% interest (for an aggregate total 80% interest) in the Property, the Company must, prior to that date which is 6 months after the third anniversary of the Definitive Agreement, complete a bankable feasibility study on the Property.

The transaction is subject to TSX Venture Exchange approval.

Southern Lithium’s president Larry Segerstrom commented, “We are excited to advance past the LOI stage and enter into a Definitive Agreement with Millennial Lithium so that we can get to work on the Cruz property. We are also actively looking at other properties in this region.”

Additional Information and Updates on the Cruz Property

The Cruz property is located within South America’s Lithium Triangle (northern Chile, northwestern Argentina and southwest Bolivia). It encompasses 2,500 hectares at the north end of the Pocitos salar basin in Salta Province, Argentina, and 11 kilometers south of Ady Resources’ Salar del Rincón operation, the only lithium producer in the province.

Ady Resources, subsidiary of Enirgi Group, announced on July 7, 2016, “Positive Results of Definitive Feasibility Study for Salar Del Rincon Lithium Project”.

The key findings of this definitive feasibility study are found in the table below:

(http://www.marketwired.com/press-release/enirgi-group-announces-positive-results-definitive-feasibility-study-salar-del-rincon-2140673.htm)

Ady Resources’ property in the Salar Del Rincon basin is separated from the Pocitos salar basin by a small cluster of source volcanoes; both salars represent the northern and southern parts of the same tectonic depression and have similar geology geologic characteristics.

The 60-kilometer long Pocitos salar basin has only been drill tested by 12 shallow holes in 1979 by an Argentinian government agency, the “Direccion General de Fabricaciones Militares”. The best hole is the closest to the Cruz property, only 1 km southeast of the property boundary, and averaged 417 parts per million lithium. The results of these holes and the sampling cannot be confirmed under NI 43-101 standards of exploration applicable today. In 2010, Li3 Energy, Inc., announced the results of 46 brine samples taken from just below the surface of the salar, with brine assays ranging from 300 ppm to 600 ppm lithium. These samples were taken immediately south of the Cruz property.

(http://www.rohstoff-welt.de/aktien/snapshot.php?nachrichten=1&mid=1229&sid=1030&lang=en).

As a result of the potential acquisition of the Cruz property, Southern Lithium hopes to establish its presence in the Pocitos basin and further deliver on its mission to secure strategic lithium projects. The Company is only interested in projects of the highest technical merit in favorable geopolitical jurisdictions. “A high level comparison of the Cruz Property and the Ady-Resources mining site seem to suggest similar geology. This substantially increases my optimism in Southern Lithium’s exploration prospect within the Cruz Property and will hopefully driver of value for our shareholders.”

Larry Segerstrom, M.Sc. (Geology), P.Geo., A Director of the Company, is a Qualified Person as defined by National Instrument 43-101 (“NI 43-101”) and has reviewed and approved the contents of this news release.

About Southern Lithium Exploration

Southern Lithium Corp. is a resource exploration company engaged in the business of acquiring and exploring minerals properties. Southern Lithium Corp. has managed to assemble an experienced management team with a growth strategy to develop a diversified portfolio of projects. The Company’s main objective is to add shareholder value through exploration and development of high quality resources through strategic acquisitions, joint ventures, and marketing while maintaining a lower risk profile through project diversification and sound, cost-effective financial management.

On behalf of the Board of Directors,

David Alexander

Chief Financial Officer

Further information about the Company is available on our website at www.southernlithiumcorp.com or under our profile on SEDAR at www.sedar.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.

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws.

Contact Information:

Southern Lithium Corp.
Sam Eskandari
Telephone: +1.416.918.6785
Email: ir@southernlithium.com