Lithium X Pilot at Sal de los Angeles Project. May 12, 2016 The...

Lithium X Pilot at Sal de los Angeles Project. May 12, 2016

The Sal de los Angeles Project covers more than 95% of the Salar de Diablillos property located in Salta province at an average elevation of approximately 4,050 metres above sea level. The Project includes 32 mining claims covering approximately 8,156 hectares and is located near FMC Corp.’s Salar de Hombre Muerto lithium deposit, one of the world’s largest lithium operations.

May 12, 2016 – Vancouver, BC – Lithium X Energy Corp. (“Lithium X“, or the “Company“) (TSX-V: LIX) (OTCQB: LIXXF) is pleased to announce that the Company’s 50% owned subsidiary Potasio y Litio de Argentina SA (“PLASA”), which owns 100% of the Sal de los Angeles lithium-potash brine project (“Sal de los Angeles Project”, or the “Project”) in Argentina, has entered into a definitive Union Transitoria agreement (“JV Agreement”) with Salta Exploraciones SA (“SESA”) for the development of a pilot lithium production facility at the Project. Lithium X has the option to acquire up to 80% of PLASA.

The JV Agreement sets out the terms of a Joint Venture (“JV Company”) for the construction, operation, production and sales of a pilot facility, designed to produce up to 5,000 tonnes per annum (“tpa”) of lithium carbonate equivalent (“LCE”).