LITHIUM AMERICAS CORP.

The Company makes reference to certain non-GAAP measures. These measures are not recognized under U.S. GAAP, do not have a standardized meaning prescribed by U.S. GAAP, and therefore, may not be comparable to similar measures presented by other companies. Rather, these measures provide additional information to complement U.S. GAAP measures by providing further understanding of the Company's liquidity from management’s perspective. Accordingly, these measures are not intended to represent and should not be considered as alternatives to U.S. GAAP performance measures of liquidity. In addition to U.S. GAAP results, the Company uses “working capital,” a non-GAAP measure, to provide investors with a supplemental measure of liquidity and highlight trends in the core business that may not otherwise be apparent when relying solely on U.S. GAAP measures.

“Working capital” is the difference between current assets and current liabilities, derived from the Company’s consolidated financial statements and applied on a consistent basis as appropriate. Various assets and liabilities fluctuate significantly from month to month depending on short-term liquidity needs. The Company discloses this measure because it believes it assists readers in understanding the Company’s financial position and provides further information about liquidity to investors.