Update On Cauchari-Olaroz Joint Venture Project in Argentina

VANCOUVER, BC - Lithium Americas Corp. reported on the Cauchari-Olaroz Lithium Project joint venture with Sociedad Química y Minera de Chile S.A. (SQM) in Jujuy Province, Argentina.The board of the joint venture company, Minera Exar S.A. (Minera Exar), has been authorized to proceed with development planning for the Project based on: A two stage development consisting of an initial phase at 25,000 tpa LCE capacity, followed by a second stage at 25,000 tpa LCE capacity; and an accelerated path to production, with a target for commencement of construction in early 2017 and stage one production in 2019. Detailed engineering is advanced on the layout of ponds and the chemical plant flow sheet process has been defined by SQM and Hatch Canada. The Company has been advised that an update of the NI 43-101 compliant feasibility study for stage one is anticipated to be completed by year end.

The exploration program is rapidly advancing the Project to the pre-construction phase. Testing of liner materials and trials of earth moving equipment is on-going and is scheduled for completion by the end of this month. Various combinations of different materials and liner configurations are being tested in ten ponds to optimize the technical and economic design and performance. Earth moving trials are underway to finalize the optimal construction methodology. Final topographical reports have been completed defining materials characteristics in different areas of the project. A second series of tests in soil mechanics are underway to determine the most efficient area to build. Construction of the project roads and 14 drill platforms is expected to be completed by the end of November. The Project campsite is being expanded with the addition of modular accommodations for 52 people.