Joseph Grosso Retires as Chairman and Director, Named as Director Emeritus

Rhea-AI Summary

Argentina Lithium & Energy Corp (OTCQB: LILIF) announced that Joseph Grosso retired as Chairman and Director effective April 21, 2026 and has been named Director Emeritus.

Mr. Grosso will remain as an advisor and continues as a large shareholder after leading the company from inception and building a portfolio including the resource-stage Rincon West project.

Positive

• Named Director Emeritus while remaining an advisor
• Continued shareholding signals alignment with shareholder interests
• Established portfolio including the resource-stage Rincon West project

Negative

• Retirement creates a leadership transition at the chair level
• Potential short-term uncertainty about strategic direction without active chair

News Market Reaction – LILIF

-1.11%

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In the Apr 22 session, LILIF declined 1.11%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Vancouver, British Columbia--(Newsfile Corp. - April 22, 2026) - Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTCQB: LILIF), ("Argentina Lithium" or the "Company") announces the retirement of Joseph Grosso as Chair & Director of the Company, effective April 21, 2026. In recognition of his visionary leadership of Argentina Lithium, Mr. Grosso has been given the honorary title of Director Emeritus. Mr. Grosso will continue to serve Argentina Lithium and its shareholders as an advisor.

Mr. Grosso spearheaded Argentina Lithium's success from the Company's inception. He has been a stalwart supporter and widely-recognized contributor to the continued expansion of mineral exploration in Argentina and has done so with mindfulness of the communities and environment in which the Company works. Mr. Grosso led the establishment of a portfolio of substantial lithium projects, including the resource-stage Rincon West project.

Niko Cacos, Argentina Lithium President & CEO, stated, "Joe's insight to establish a lithium company has led to significant value creation through discovery and lucrative partnerships. Joe's leadership has sustained the Company and led to success even during some of the toughest markets, including through the Covid-19 pandemic and financial crisis. Most importantly, he has built a team both here in Canada and in South America who are committed to continuing his legacy of exploration, discovery and value creation. Joe remains a large shareholder who is dedicated to the Company's future, and we look forward to his contributions as an Advisor while we all wish him the very best in retirement."

About Argentina Lithium

Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in Argentina and advancing them towards production in order to meet the growing global demand from the battery sector. The Company's 2023 strategic investment by Peugeot Citroen Argentina S.A., a subsidiary of Stellantis N.V., one of the world's leading automakers, places Argentina Lithium in a unique position to explore, develop and advance its four key projects covering over 67,000 hectares in the Lithium Triangle of Argentina. Management has a long history of success in the resource sector of Argentina and has assembled some of the most prospective lithium properties in the world renowned "Lithium Triangle". The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"

_______________________________
Nikolaos Cacos, President & CEO

For further information, please contact:
Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058
Email: info@argentinalithium.com

www.argentinalithium.com

Neither 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293750

FAQ

When did Joseph Grosso retire as Chairman of Argentina Lithium (LILIF)?

He retired as Chairman and Director effective April 21, 2026. According to the company, he was given the honorary title Director Emeritus and will continue to advise the company as a large shareholder.

What role will Joseph Grosso hold after retiring from Argentina Lithium (LILIF)?

He will serve as an Advisor and hold the honorary title of Director Emeritus. According to the company, he will continue contributing while stepping down from active board duties.

How did Joseph Grosso contribute to Argentina Lithium (LILIF) before retirement?

He led the company from inception and built its lithium project portfolio. According to the company, his leadership established projects including the resource-stage Rincon West and secured partnerships.

Does Joseph Grosso still hold shares in Argentina Lithium (LILIF)?

Yes, he remains a large shareholder committed to the company's future. According to the company, his ongoing shareholding supports continuity while he transitions to an advisory role.

Who commented on Joseph Grosso's retirement at Argentina Lithium (LILIF)?

Niko Cacos, President & CEO, issued comments praising Grosso's leadership and ongoing support. According to the company, Cacos highlighted Grosso's role in value creation and team building across Canada and South America.