Response to media speculation

Highlights:

• Lithium Power International Limited (ASX: LPI) has confirmed that it is engaged in discussions with Corporación Nacional del Cobre de Chile (Codelco) regarding a potential transaction. These discussions are currently ongoing.
• As of now, no agreement on terms has been reached between Lithium Power and Codelco. Codelco has been granted due diligence access and is conducting its investigations. It’s important to note that there is no certainty that these discussions will result in a finalized transaction.