Lithium South Development Corporation — Capital/Financing Update 2021

Nov 24, 2021

==> picture [212 x 56] intentionally omitted <==

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

Lithium South Announces Non-Brokered Private Placement

Vancouver, British Columbia / November 24, 2021 – Lithium South Development Corporation (the “Company”) (TSX-V: LIS) (OTCQB: NRGMF) (Frankfurt OGPN), announces that it intends to complete a private placement (the “ Private Placement ”) of up to 7,650,000 units (the “ Units ”) at a price of $0.60 per Unit for gross proceeds of up to $4,590,000. Each Unit will be comprised of one common share (a “ Share ”) and one transferable common share purchase warrant (a “ Warrant ”). Each Warrant will allow the holder to purchase one Share of the Company at a price of $0.75 per Share for a period of three (3) years from the date of closing of the Private Placement. The Private Placement remains subject to the approval of the TSX Venture Exchange (the “ Exchange ”). Proceeds of the Private Placement will be used to advance the Company’s HMN Lithium Project, located in Salta Province, Argentina, and for general working capital purposes.

Finder’s fees may be payable to qualified parties in accordance with the policies of the Exchange. All securities issued will be subject to a four month hold period and the Exchange Hold Period.

Digital Marketing Program

The Company announces that it is entering into an agreement with Maynard Communications Limited, to provide digital advertising, multimedia services, and brand marketing. The six-month term allows for a budget of $850,000.

On behalf of the board of directors of Lithium South Development Corporation

Adrian F. C. Hobkirk

President and Chief Executive Officer

Investors / Shareholders Call 855-415-8100 / hobkirkadrian@gmail.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.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, 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. registration or an applicable exemption from the U.S. registration requirements.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.