Neo Lithium Corp. announced that following the COVID-19 pandemic closure of its lithium carbonate pilot plant in Fiambalá, work resumed in late fourth quarter of 2020, which has resulted in battery grade lithium carbonate being produced using concentrated brine from its wholly-owned Tres Quebradas lithium project (3Q Project) in Catamarca Province, Argentina. The Plant produced lithium carbonate with a purity of 99.797%, representing the highest purity level attained thus far while using the improved process. The improved process is expected to decrease operational and capital costs while minimizing reagent, water and power consumption. The current lithium carbonate batch is the 13th batch since the Plant started operation in May 2019. Due to the COVID-19 pandemic, the Company has stored approximately 50 tonnes of concentrated brine ready to be processed at the Plant. The Company will continue to test batches to optimize the process for the Definitive Feasibility Study ("DFS") before turning the Plant into continuous mode in second quarter/third quarter 2021. On continuous mode, the Plant can produce up to 40 tonnes a year. The Process: Brine with average grade of 1000 mg/l was extracted from the production wells located in the northern zone of the Third Quarter project and then evaporated at the Company's 9 stage industrial pilot ponds. No chemical reagents were added to the brine other than minor amounts of hydrochloric acid (HCl) for pH control at the final stage of evaporation. Total evaporation time was about 1 year and the brine concentration was around 3% lithium. The concentrated brine was then transported by truck to the pilot plant in Fiambalá, which is located 160 km from the Third Quarter Project. The concentrated brine was treated in the pilot plant with a solvent extraction phase (SX-B) for Boron removal, as well as an scrub and strip phase in order to regenerate the organic solution of SX-B process. For magnesium removal was used liming addition which was produced in situ from the calcium removal at alkaline pH and carbonation phase to calcium polishing and any remaining Mg and heavy transition metals. The lithium carbonate process is then completed with 3 stages of soda ash carbonation, washing and drying. Technical Information: The samples collected were delivered by Company personnel to Andesmar Transport Company in La Rioja, in the province of Rioja. Andesmar delivered the samples by truck to ASL, an ISO 9001-2008-certified laboratory in Mendoza, Argentina. ASL used the following analytical methodologies: ICP-OES (inductively-coupled plasma-optical (atomic) emission spectrometry) to quantify boron, barium, calcium, lithium, magnesium, manganese, and potassium; an argentometric method to assay for chloride; a gravimetric method to analyze for sulfate; a volumetric analysis (acid/base titration) for the evaluation of alkalinity (as CaCO3); a gravimetric method to determine density and total dissolved solids; and, a laboratory pH meter to determine pH. All analytical work is subject to a systematic and rigorous Quality Assurance-Quality Control. A reference sample was inserted into the sample stream at a frequency of approximately 1 in 15 samples; a field blank was inserted at a frequency of approximately 1 in 15 samples; and a field duplicate sample was inserted at a frequency of approximately 1 in 15 samples.