HMN Li Project Sale for up to US$62 Million

VANCOUVER, BC, July 30, 2025 /CNW/ -- Lithium South Development Corporation (the "Company" or "Lithium South") (TSXV:LIS.VN) (OTC-BB:LISMF) (Frankfurt:OGPQ.GF) is announcing that on July 22, 2025, in Salta, Argentina,  it entered into a Letter of Intent ("LOI"), for the purchase of the 100 % owned Hombre Muerto North Lithium Project, the 100% owned Sophia 1, 2 and 3 concessions and the Hydra X and Hydra XI concessions which are under a Purchase Option (July 23, 2025 news release). The combined concession groups are collectively referred to as the "Project" and are being sold for a cash price of up to US$62 million.  The offer is at arms-length and no finder's fee is payable. The offer was received from POSCO Argentina S.A.U. which is the 100% owned Argentine subsidiary of POSCO Holdings and is the sole owner and operator of the Sal de Oro lithium project in the Hombre Muerto Salar.