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Lithium South Development Corporation Capital/Financing Update 2021

Feb 5, 2021

44387_rns_2021-02-04_bb508096-3b97-4505-a34b-e15903d2aa5b.pdf

Capital/Financing Update

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Lithium South Development Announces Option Grants

Vancouver, British Columbia / February 4, 2021 – Lithium South Development Corporation (the “Company”) (TSX-V: LIS) (OTCQB: NRGMF) (Frankfurt OGPN) announces that it has granted incentive stock options to purchase a total of 2,400,000 common shares at an exercise price of $0.70 per share for a period of five years to certain directors, officers and consultants in accordance with the provisions of its stock option plan.

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 / [email protected]

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.