Argentina Lithium & Energy Corp. announced that it has entered into option agreements with local vendors to earn a 100% interest in two new mining concessions on salars in northwestern Argentina. The Don Fermin property option adds 1456 hectares to the Company's holdings at Salar de Rincon, bringing the total Rincon West Project area to 5198.8 hectares.

The Lexi-30 property option ("Lexi") adds 789 hectares to the Company's Antofalla North Project, increasing the holdings controlled by the Company to 16,619.5 hectares. Don Fermin is a mining concession granted by the mining authority of Salta Province, located on the eastern flank of the Salar de Rincon, approximately 19 km east of the Company's main Rincon West property block. The property has not received significant exploration work previously.

It is located adjacent to Rio Tinto's Rincon Project and 1.1 km distance northeast of Argosy Minerals' Rincon Project. Lexi-30 is a mining concession granted by the mining authority of Catamarca Province, located on the west side of the Salar de Antofalla, adjacent to the Company's existing Antofalla North property block. The property has been the subject of TEM surveys in the past but has not previously been drilled.

It is located approximately 1.1 km northwest of Albemarle Corporation's Antofalla Project.