Alpha Lithium Announces Maiden Resource At Tolillar Salar, Argentina |

Alpha Lithium Corporation (TSX.V: ALLI) (OTC: APHLF) (Germany WKN: A3CUW1) ("Alpha" or the "Company") is pleased to report a maiden but preliminary lithium ("Li") and potassium ("K") resource statement for its Tolillar brine project in the Salta province of Argentina. The resource estimate detailed in Table 1 below includes 2,119,000 tonnes of indicated, and 1,158,000 tonnes of inferred, lithium carbonate ("Li 2 CO 3 ") equivalent ("LCE"). The resource estimate also includes 7,387,000 tonnes of potassium equivalent ("KCl") in the indicated category and a further 4,786,000 tonnes of KCl in the inferred category.

The Company has not included any of its Hombre Muerto assets in this resource estimate.

The resource is labeled "preliminary" for several reasons as outlined below, and Montgomery & Associates ("M&A") who prepared the independent resource estimate, noted that additional resource is expected to be added in the future:

Brad Nichol, President, and CEO of Alpha, commented, "We are very excited to see a robust NI 43-101 resource estimate from our hydrogeological consultants. We expect to expand this resource by drilling (i) deeper, as we haven't reached basement rock, (ii) laterally, as we have not drilled anywhere near the extents of the salar, and (iii) through increased lithium grades, as we continually improve our understanding of the salar's hydrodynamics. Importantly, the Company now has a strong, albeit preliminary, resource estimate in place that will allow us to proceed with our planned Economic Assessment. Since closing the recent bought deal financing and increasing our cash reserves to over $45 million, we are confidently advancing Tolillar to the next level."

Table 1. Tolillar Brine Resource Statement

*Tonnages are rounded to the nearest thousand The reader is cautioned that mineral resources are not mineral reserves and do not have demonstrated economic viability.

The resource estimate was prepared in accordance with the guidelines of National Instrument 43-101 and uses best practice methods specific to brine resources, including a reliance on sampling methods that yield depth-specific chemistry and effective (drainable) porosity measurements. The resource estimation was completed by independent qualified person Mr. Michael Rosko, M.Sc., C.P.G. of the international hydrogeology firm E.L. Montgomery & Associates.

The resource is defined over a 90.58 km2 footprint using results from depth-specific packer sampling. In addition, the brine was sampled during short-term pumping tests and from naturally flowing wells. The indicated and inferred resource was derived from wells drilled to depths up to 400 meters, without reaching bedrock. Geophysical surveys were used to assist with location and anticipated depths for all holes, but also to identify potential for increased grades at-depth, freshwater values, and to extend the inferred resource, to be included in future drilling to even greater depths and potential for increased resource estimates. Over most of the basin, the brine resource occurs to within one metre of surface and its thickness is defined by the extent of drilling.

The maximum depth drilled was 400 metres near the north of the mining concessions. The deepest brine sample was obtained at a depth of 349 metres with a lithium concentration of 345 mg/L.

The chemistry of Tolillar brine is judged to be very favourable. Results of more recently drilled wells are continuously better than originally drilled wells, a fact that may be lost in averaging values.

The total contained lithium and potassium values are based on measurements of effective (drainable) porosity distributed throughout the aquifer volume that defines this resource. This method of porosity determination is designed to estimate the portion of the total porosity that can theoretically be drained; however, these in-situ estimates may differ from total extractable quantities. The porosity of the resource volume varies with geology, but to-date effective porosity has been predictable within distinct hydrostratigraphic units.

The Company has also discovered a potentially significant fresh water source adjacent to Tolillar Salar and is planning additional exploration during the next several months to confirm this fresh water resource.

A total of 3,083 metres of drilling from 11 holes was evaluated for this resource estimate calculation; other core holes and wells were drilled but were shallower. The total thickness of the basin, and the total thickness of saturated sediments, is unknown.

The consultants chose to estimate the resource using a drill-hole centered polygonal technique. Hydrostratigraphic units have variable thickness and were determined by the consultants based on observed lithology and anticipated similar hydraulic properties. The values for drainable porosity and grade (lithium and potassium values) for each hydrostratigraphic unit were derived from direct measured values from the well. The unit thicknesses combined with the areas yield a volume. The volumes combined with the drainable porosity values, representing the amount of fluid available from the formation yield the tonnage of brine. Applying the grade, represented as lithium carbonate and potassium chloride equivalents then provides the estimated resource for each block, which are then summed.

The primary analytical laboratories for the data used in this resource are Alex Stewart in Mendoza, Argentina and SGS Laboratory in Buenos Aires, Argentina. Both laboratories are accredited to ISO 9001:2008 and ISO14001:2004 for their geochemical and environmental labs for the preparation and analysis of numerous sample types, including brines.

The resource estimate was completed by Mr. Michael Rosko, M.Sc., C.P.G. of Montgomery and Associates Consultores Limitada ("M&A"). Mr. Rosko is a Registered Geologist (C.P.G.) in Arizona, California, and Texas, a Registered Member of the Society for Mining, Metallurgy and Exploration, and is a qualified person (QP) as defined by NI 43-101. Mr. Rosko and hydrogeologists from M&A have been on site multiple times during the various phases of drilling and sampling operations; Mr. Rosko has extensive experience in salar environments and has been a QP on many lithium brine projects. Mr. Rosko and M&A are completely independent of Alpha Lithium. Mr. Rosko has reviewed and approved the content of this news release, and has verified the data disclosed herein, including sampling, analytical, and test data underlying the information contained herein.

Program design and exploration support was provided by Dr. Rodolfo Fernando Garcia Maurizzio, (PhD. Geology) of Alpha Lithium. Dr. Garcia is a Certified Professional Geologist (CPG). Dr. Garcia has spent significant time on site at Tolillar during all drilling and sampling operations; and has extensive experience with lithium projects at other lithium bearing salars in Argentina and several other countries in South America.

A Technical Report prepared under the guidelines of NI 43-101 standards describing the resource estimation will be filed on SEDAR within 45 days of this release.

ON BEHALF OF THE BOARD OF Alpha Lithium CORPORATION

Brad Nichol President, CEO and Director

For more information: Alpha Lithium Investor Relations Tel: +1 844 592 6337 relations@alphalithium.com www.alphalithium.com

About Alpha Lithium (TSX.V: ALLI) (OTC: APHLF) (Germany WKN: A3CUW1)

Alpha Lithium is a team of industry professionals and experienced stakeholders focused on the development of the Tolillar and Hombre Muerto Salars. In Tolillar, we have assembled 100% ownership of what may be one of Argentina's last undeveloped lithium salars, encompassing 27,500 hectares (67,954 acres), neighboring multi-billion-dollar lithium players in the heart of the renowned "Lithium Triangle". In Hombre Muerto, we continue to expand our 5,000+ hectare (12,570 acres) foothold in one of the world's highest quality, longest producing, lithium salars. Other companies in the area exploring for lithium brines or currently in production include Orocobre Limited, Galaxy Lithium, Livent Corporation, and POSCO in Salar del Hombre Muerto; Orocobre in Salar Olaroz; Eramine SudAmerica S.A. in Salar de Centenario; and Gangfeng and Lithium Americas in Salar de Cauchari.

This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the results of further brine process testing and exploration and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No securities regulatory authority has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release.

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Overview The international community is in the midst of a battery revolution. Shares of electric vehicle maker Tesla (NASDAQ:TSLA) surged over 740 percent in 2020, then an additional 56 percent gain in 2021, making it one of the most valuable companies in the world. This dramatic increase in demand showcases the promising growth narrative of the electric vehicle boom. The revolution for electric powered cars is not only being led by Tesla, but many other car companies including Nio (NYSE:NIO), with a year-over-year increase of 26 percent. Volkswagen (OTC Pink:VWAGY), General Motors (NYSE:GM), Nissan (OTC Pink:NSANY), Hyundai (OTC Pink:HYMTF) and Bayerische Motoren Werke, known as BMW (OTC Pink:BMWYY) are also investing heavily into the boom. With the rising movement towards a sustainable and electric-powered world, the lithium that will be needed to support this rapid transition lends it the potential to become one of the most valuable resources in the world.At the forefront of this rapid growth is Argentina, has the world’s third-largest lithium reserve and is the fourth-largest producer globally. The famous Triángulo del Litio — the Lithium Triangle — is an under-explored area that is becoming a major host for investor-friendly projects prepared to embrace the potential of a lithium-powered future. Alpha Lithium (TSXV:ALLI,OTC Pink:APHLF) is one of many pursuing lithium in this region, given its potential to be one of the last greenfield project opportunities in this section of the world. Alpha Lithium is a development company that is focused on highly prospective lithium production of its Tolillar Salar project in Salta province, Argentina. The company has been able to leverage its 100-percent ownership and work towards repeating the successes of its highly established lithium producing neighbor. There is promising potential for Alpha Lithium to thrive as the company is surrounded by notable players. Alpha Lithium’s flagship Tolillar Solar project is located in Northwest Argentina near the heart of the Lithium Triangle. Its highly accessible infrastructure connects the project site to Salta and San Antonio de Los Cobres by paved road networks, natural gas resources and a skilled local workforce. The company recently purchased two mining properties in the renowned Salar del Hombre Muerto, Argentina. Nestled right alongside its existing property, the company controls interest in a total of 5,072 hectares in what many claim to host the world’s largest lithium brine reserves. This land is immediately bordered by Korean giant, Posco, which recently announced that it was investing US$4 billion in Hombre Muerto, up from its originally planned investment of US$830 million. The increase follows a drilling campaign that increased its estimated lithium carbonate equivalent sixfold from a 2018 estimate to 13.5 million tonnes. In two geophysical surveying campaigns, the company discovered structural trends that mimicked the Salar del Hombre Muerto horizon. This basin hosts one of the longest operating lithium brine producers in the world with over 25 years of active extraction. “We consider the geological similarities between the Tolillar Salar, and other nearby salars like Hombre Muerto, to be very encouraging,” said Brad Nichol, president and CEO of Alpha Lithium. Additionally, the project’s discovery and exploration plans are especially exciting for Alpha Lithium (TSXV:ALLI,OTC Pink:APHLF) due to the high-producing mining companies situated near Tolillar Salar. Local operations include Livent Corporation (NYSE:LTHM) with a market cap of approximately US$3.2 billion and POSCO (NYSE:PKX) with an approximate market cap of US$23.2 billion. Alpha Lithium presents a unique entry opportunity for investors as an emerging player in the lithium production space. Global demand for lithium is expected to rise from an estimated 47,300 tonnes in 2020 to 117,400 tonnes in 2024, according to a GlobalData report. Vinneth Bajaj, a senior mining analyst for GlobalData, said lithium demand will be driven by a surge in EV sales, with annual production expected to go from 3.4 million vehicles in 2020 to 12.7 million in 2024.Lithium-ion battery production is also forecast to rise from 95.3 GWh in 2020 to 410.5 GWh over the same period. A Fastmarkets report from 2021 explains that the projected EV market penetration will increase from 15 percent to 35 percent by 2030. This sustained increase in demand could strain supply, showing the growing value of Argentine lithium deposits. Alpha Lithium received promising VES geophysical survey results at its Tolillar lithium project and is preparing permit applications for exploration. These achievements put Alpha Lithium on track for project expansion and execution of the company’s well-engineered six-phase approach for developing its major emerging lithium assets.Timeline – A Six Phased Approach Company Highlights Alpha Lithium is an emerging lithium development company focused on exploring its highly prospective, under-developed lithium assets in Salta province, Argentina.The company owns 100 percent of its salar with over $40 million in the treasury.Alpha Lithium’s flagship Tolillar Salar project is located near the heart of the Lithium Triangle, surrounded by multi-billion dollar lithium producers with decades of active lithium production.The project site’s infrastructure strategically positions the project nearby accessible electricity lines, paved road networks, natural gas resources and a skilled local workforce.Two geophysical surveys have supported theories that the Tolillar Salar property mimicked structural trends of the Salar del Hombres Muerto, one of the world’s longest-producing lithium brine basins.After two acquisitions in the same salar Alpha now controls a 100 percent interest in 5,072 hectares in the Salar del Hombre Muerto and is the second largest landholder, after Posco, on the Salta side of the famous salar.All of Alpha’s 5,072 hectares are immediately bordered by Korean giant, Posco, which recently announced that it was investing US$4 billion in Hombre Muerto, an increase from its originally planned investment of US$830 million due to a drilling campaign increased its estimated lithium carbonate equivalent sixfold, to 13.5 million tonnes.Alpha Lithium is primed for project expansion and permit acquisition as drilling campaigns are presently underway. Key Projects The Tolillar Salar Project The Tolillar Salar property covers 27,500 hectares and consists of 10 exploration concessions registered in the Salar de Tolillar basin in Argentina’s Salta province. With limited exploration history, and a strategic location nearby several lithium producing heavyweights, the Tolillar Salar project puts Alpha Lithium in a unique first-mover position for significant mining success.The Tolillar Salar occupies an internally drained basin with much of the property’s rock formation dating back to the Ordovician period. This geological makeup has created a sediment profile that includes younger continental sediments, salt crusts and evaporite deposits. This property is in close proximity to the Hombre de Muerto Salar, a premier lithium brine basin. The company recently acquired 3,800 hectares in this area, expected to yield high-grade lithium discoveries with low impurities. Early stage investigations have already revealed lithium concentrations up to 504 mg/l in a sampling campaign from 2015. With drilling licenses approved, Alpha Lithium is ready to commence an advanced drill program. The company has conducted two substantial geophysics surveying programs and accomplished development goals under budget and ahead of schedule. This trend in lithium exploration shows promise for the future of the project.Location Alpha Lithium is located less than 10 miles away from Livent, which has a market cap of over US$3 billion and over 20 years of production from the nearby property. The company is strategically located approximately six miles from Livent's high-quality, low-impurity Fenix Project. Immediately adjacent to Livent is South Korean company Posco (NYSE:PKX), with a staggering market cap of around US$20 billion. Posco has been very busy in the area, expanding on their lithium project that they bought from Australian lithium miner Galaxy Resources, now Alkem (ASX:AKE), for US$280 million in 2018. The Tolillar project area has never been extensively explored, yet is located in prime territory, directly near a concentration of major lithium producers, providing a significant portion of the international lithium supply.The world’s going to need more lithium mines due to the unprecedented lithium-ion battery demand required to fuel electric vehicles and energy-hungry devices. With a project located in the coveted Lithium Triangle in South America, Alpha Lithium could be sitting on a potentially massive lithium discovery. The management team at Alpha Lithium comprises industry professionals and experienced stakeholders with years of expertise in mining, exploration and capital markets. This well-connected team uses a proven de-risk approach, priming the company for significant growth on the global lithium market.Management Team Brad Nichol - President & CEO Brad Nichol is an international entrepreneur who has served and advised corporations on strategy and finance for over 25 years. Throughout his career, Nichol has served as both senior executive and director of several public and private enterprises across the finance and resource sectors. He has led successive organizations through multiple rounds of private and public project financing, initiated and executed dual listings and established key international and domestic financial relations. Nichols also has significant experience in various business functions including financial, operational, human resources, investor relations and legal and regulatory processes. Previously, Nichol worked at Schlumberger, the world’s largest oil and gas services firm, in various technical, managerial, marketing and sales roles in North America, South America and Europe. He left Schlumberger to pursue his MBA at one of the world’s top-ranked business schools, the London Business School in the UK, Nichol he graduated with honours in 2003. Nichol also holds a BSc. in Mechanical Engineering from the University of Alberta and has been a registered Professional Engineer since 1994.David Guerrero - Country Manager David Guerrero brings almost 20 years of international experience in the mining industry, 10 of which are specifically related to lithium as a specialty product. He has held various roles with mining major Rio Tinto as well as senior management positions with Canadian company, Lithium One, and with Australia-based Galaxy Resources. In this capacity, Guerrero undertook a critical functional role in a recent US$280 million M&A transaction with giant South Korean steelmaker POSCO for mineral resources at the Salar del Hombre Muerto, the best quality brine producing district in Argentina. He was also the former president of the Salta Mining Providers Chamber and the AUSCHAM Argentina chapter’s vice president. Guerrero brings indispensable local knowledge and communal leadership to Northern Argentenian projects. Nathan Steinke - CFO Nathan Steinke is a highly respected financial professional with over 15 years of experience at public and private companies in the international resource sector. Since 2003, Steinke’s responsibilities have included all of the companies’ financial aspects, including debt and equity financing, corporate structure design and management, cash flow management and forecasting, legal and regulatory compliance, stakeholder engagement and reporting, dual listing execution and management and risk management.Foster Wilson - Director Foster Wilson has over 30 years of experience in exploration and development, including reserve drilling and estimation, feasibility studies, mine permitting and development. He has worked in various capacities for Placer Dome, Echo Bay, American Bonanza Gold and different junior exploration companies. Foster also currently serves as president of Mesa Exploration.Sean Charland - Director & Corporate Secretary Sean Charland is a seasoned communications professional with experience in raising capital and marketing resource exploration companies. His network of contacts within the financial community extends across North America and Europe. Charland also serves as a director of Maple Gold Mines, Arctic Star Exploration, Eyecarrot Innovations and Voltaic Minerals.Andrew Hallett - Director Andrew Hallett is a commodity transaction specialist with over 10 years of cross-commodity investment experience within investment banking, trading, and asset management. Hallett is currently a partner at Rice Capital and an investment advisor specialized in alternative investments, focusing on upstream metals and mining investments in critical raw materials. Hallett received a bachelor’s of arts in economics from the Augustana Faculty of the University of Alberta and a master’s of science in finance from the London School of Economics. He was previously a director within the commodities investments group at BTG Pactual Commodities, responsible for all principal investments and structured finance transactions in metals, mining and energy. His prior experience includes commodity investment roles within global markets at Deutsche Bank as a senior structured originator and as a director at Natsource Asset Management.Chris Cooper - Director Chris Cooper has over 20 years of management and finance experience in the oil and gas, mining and technology industries. Cooper received his B.A. from Hofstra University and his M.B.A. from Dowling College, both in New York State. He has been involved in the creation and funding of several oil and gas issuers, including Choice Resources Corp., an intermediate oil and gas producer, before it was taken over in August 2007 by Buffalo Resources Corp. Cooper also sits on the board of other junior public companies, including Counterpath Corporation, Westridge Resources Inc, Bullion Gold Resources Corp. and Planet Mining Exploration Inc. He has sat on the audit committee of many public companies in several different industry sectors and has a broad, comprehensive knowledge of financial reports.Darryl Jones - Director Darryl Jones has over 15 years of capital market experience and an established financial network. Jones was an investment advisor in Canada with PI Financial and Raymond James. He was responsible for raising significant risk capital for growth companies in all sectors, focusing on natural resources.Pedro Mauricio Torres - Technical Advisor Pedro Mauricio Torres is a metallurgical Engineer with 17 years of experience in operation, process and projects of chemical plants. He has 10 years of experience in SQM Salar, where he participated in developing the new lithium hydroxide plant, expansion of the lithium carbonate plant to 70,000 tonnes per year. In recent years, Torres has also worked as process advisor for Galaxy Lithium, Tianqi Lithium and Eramet Chilean Lithium Salars.Adrian Sergio Arias - Technical Advisor Adrian Sergio Arias has over 22 years of experience in the operation of various chemical plants. Arias has dedicated the last seven years to developing technologies and process improvements for the processing of lithium brines. He has also worked in exar with Lithium Americas to develop the Cauchari Lithium project, recently taking on the position of process manager of Galaxy Lithium in the Sal de Vida project, located in the Salar del Hombre Muerto.

The international community is in the midst of a battery revolution. Shares of electric vehicle maker Tesla (NASDAQ:TSLA) surged over 740 percent in 2020, then an additional 56 percent gain in 2021, making it one of the most valuable companies in the world. This dramatic increase in demand showcases the promising growth narrative of the electric vehicle boom.

The revolution for electric powered cars is not only being led by Tesla, but many other car companies including Nio (NYSE:NIO), with a year-over-year increase of 26 percent. Volkswagen (OTC Pink:VWAGY), General Motors (NYSE:GM), Nissan (OTC Pink:NSANY), Hyundai (OTC Pink:HYMTF) and Bayerische Motoren Werke, known as BMW (OTC Pink:BMWYY) are also investing heavily into the boom.

With the rising movement towards a sustainable and electric-powered world, the lithium that will be needed to support this rapid transition lends it the potential to become one of the most valuable resources in the world.

The famous Triángulo del Litio — the Lithium Triangle — is an under-explored area that is becoming a major host for investor-friendly projects prepared to embrace the potential of a lithium-powered future.

Alpha Lithium (TSXV:ALLI,OTC Pink:APHLF) is one of many pursuing lithium in this region, given its potential to be one of the last greenfield project opportunities in this section of the world.

Alpha Lithium is a development company that is focused on highly prospective lithium production of its Tolillar Salar project in Salta province, Argentina.

The company has been able to leverage its 100-percent ownership and work towards repeating the successes of its highly established lithium producing neighbor. There is promising potential for Alpha Lithium to thrive as the company is surrounded by notable players.

Alpha Lithium’s flagship Tolillar Solar project is located in Northwest Argentina near the heart of the Lithium Triangle. Its highly accessible infrastructure connects the project site to Salta and San Antonio de Los Cobres by paved road networks, natural gas resources and a skilled local workforce.

In two geophysical surveying campaigns, the company discovered structural trends that mimicked the Salar del Hombre Muerto horizon. This basin hosts one of the longest operating lithium brine producers in the world with over 25 years of active extraction.

“We consider the geological similarities between the Tolillar Salar, and other nearby salars like Hombre Muerto, to be very encouraging,” said Brad Nichol, president and CEO of Alpha Lithium.

Additionally, the project’s discovery and exploration plans are especially exciting for Alpha Lithium (TSXV:ALLI,OTC Pink:APHLF) due to the high-producing mining companies situated near Tolillar Salar.

Alpha Lithium presents a unique entry opportunity for investors as an emerging player in the lithium production space.

Global demand for lithium is expected to rise from an estimated 47,300 tonnes in 2020 to 117,400 tonnes in 2024, according to a GlobalData report.

Vinneth Bajaj, a senior mining analyst for GlobalData, said lithium demand will be driven by a surge in EV sales, with annual production expected to go from 3.4 million vehicles in 2020 to 12.7 million in 2024.

Alpha Lithium received promising VES geophysical survey results at its Tolillar lithium project and is preparing permit applications for exploration.

These achievements put Alpha Lithium on track for project expansion and execution of the company’s well-engineered six-phase approach for developing its major emerging lithium assets.

The Tolillar Salar property covers 27,500 hectares and consists of 10 exploration concessions registered in the Salar de Tolillar basin in Argentina’s Salta province. With limited exploration history, and a strategic location nearby several lithium producing heavyweights, the Tolillar Salar project puts Alpha Lithium in a unique first-mover position for significant mining success.

The Tolillar Salar occupies an internally drained basin with much of the property’s rock formation dating back to the Ordovician period. This geological makeup has created a sediment profile that includes younger continental sediments, salt crusts and evaporite deposits.

This property is in close proximity to the Hombre de Muerto Salar, a premier lithium brine basin. The company recently acquired 3,800 hectares in this area, expected to yield high-grade lithium discoveries with low impurities.

Early stage investigations have already revealed lithium concentrations up to 504 mg/l in a sampling campaign from 2015. With drilling licenses approved, Alpha Lithium is ready to commence an advanced drill program.

The company has conducted two substantial geophysics surveying programs and accomplished development goals under budget and ahead of schedule. This trend in lithium exploration shows promise for the future of the project.

Alpha Lithium is located less than 10 miles away from Livent, which has a market cap of over US$3 billion and over 20 years of production from the nearby property. The company is strategically located approximately six miles from Livent's high-quality, low-impurity Fenix Project.

Immediately adjacent to Livent is South Korean company Posco (NYSE:PKX), with a staggering market cap of around US$20 billion. Posco has been very busy in the area, expanding on their lithium project that they bought from Australian lithium miner Galaxy Resources, now Alkem (ASX:AKE), for US$280 million in 2018.

The Tolillar project area has never been extensively explored, yet is located in prime territory, directly near a concentration of major lithium producers, providing a significant portion of the international lithium supply.

The world’s going to need more lithium mines due to the unprecedented lithium-ion battery demand required to fuel electric vehicles and energy-hungry devices. With a project located in the coveted Lithium Triangle in South America, Alpha Lithium could be sitting on a potentially massive lithium discovery.

The management team at Alpha Lithium comprises industry professionals and experienced stakeholders with years of expertise in mining, exploration and capital markets. This well-connected team uses a proven de-risk approach, priming the company for significant growth on the global lithium market.

Brad Nichol is an international entrepreneur who has served and advised corporations on strategy and finance for over 25 years. Throughout his career, Nichol has served as both senior executive and director of several public and private enterprises across the finance and resource sectors. He has led successive organizations through multiple rounds of private and public project financing, initiated and executed dual listings and established key international and domestic financial relations. Nichols also has significant experience in various business functions including financial, operational, human resources, investor relations and legal and regulatory processes.

Previously, Nichol worked at Schlumberger, the world’s largest oil and gas services firm, in various technical, managerial, marketing and sales roles in North America, South America and Europe. He left Schlumberger to pursue his MBA at one of the world’s top-ranked business schools, the London Business School in the UK, Nichol he graduated with honours in 2003. Nichol also holds a BSc. in Mechanical Engineering from the University of Alberta and has been a registered Professional Engineer since 1994.

David Guerrero brings almost 20 years of international experience in the mining industry, 10 of which are specifically related to lithium as a specialty product. He has held various roles with mining major Rio Tinto as well as senior management positions with Canadian company, Lithium One, and with Australia-based Galaxy Resources. In this capacity, Guerrero undertook a critical functional role in a recent US$280 million M&A transaction with giant South Korean steelmaker POSCO for mineral resources at the Salar del Hombre Muerto, the best quality brine producing district in Argentina. He was also the former president of the Salta Mining Providers Chamber and the AUSCHAM Argentina chapter’s vice president. Guerrero brings indispensable local knowledge and communal leadership to Northern Argentenian projects.

Nathan Steinke is a highly respected financial professional with over 15 years of experience at public and private companies in the international resource sector. Since 2003, Steinke’s responsibilities have included all of the companies’ financial aspects, including debt and equity financing, corporate structure design and management, cash flow management and forecasting, legal and regulatory compliance, stakeholder engagement and reporting, dual listing execution and management and risk management.

Foster Wilson has over 30 years of experience in exploration and development, including reserve drilling and estimation, feasibility studies, mine permitting and development. He has worked in various capacities for Placer Dome, Echo Bay, American Bonanza Gold and different junior exploration companies. Foster also currently serves as president of Mesa Exploration.

Sean Charland is a seasoned communications professional with experience in raising capital and marketing resource exploration companies. His network of contacts within the financial community extends across North America and Europe. Charland also serves as a director of Maple Gold Mines, Arctic Star Exploration, Eyecarrot Innovations and Voltaic Minerals.

Andrew Hallett is a commodity transaction specialist with over 10 years of cross-commodity investment experience within investment banking, trading, and asset management. Hallett is currently a partner at Rice Capital and an investment advisor specialized in alternative investments, focusing on upstream metals and mining investments in critical raw materials. Hallett received a bachelor’s of arts in economics from the Augustana Faculty of the University of Alberta and a master’s of science in finance from the London School of Economics. He was previously a director within the commodities investments group at BTG Pactual Commodities, responsible for all principal investments and structured finance transactions in metals, mining and energy. His prior experience includes commodity investment roles within global markets at Deutsche Bank as a senior structured originator and as a director at Natsource Asset Management.

Chris Cooper has over 20 years of management and finance experience in the oil and gas, mining and technology industries. Cooper received his B.A. from Hofstra University and his M.B.A. from Dowling College, both in New York State. He has been involved in the creation and funding of several oil and gas issuers, including Choice Resources Corp., an intermediate oil and gas producer, before it was taken over in August 2007 by Buffalo Resources Corp. Cooper also sits on the board of other junior public companies, including Counterpath Corporation, Westridge Resources Inc, Bullion Gold Resources Corp. and Planet Mining Exploration Inc. He has sat on the audit committee of many public companies in several different industry sectors and has a broad, comprehensive knowledge of financial reports.

Darryl Jones has over 15 years of capital market experience and an established financial network. Jones was an investment advisor in Canada with PI Financial and Raymond James. He was responsible for raising significant risk capital for growth companies in all sectors, focusing on natural resources.

Pedro Mauricio Torres is a metallurgical Engineer with 17 years of experience in operation, process and projects of chemical plants. He has 10 years of experience in SQM Salar, where he participated in developing the new lithium hydroxide plant, expansion of the lithium carbonate plant to 70,000 tonnes per year. In recent years, Torres has also worked as process advisor for Galaxy Lithium, Tianqi Lithium and Eramet Chilean Lithium Salars.

Adrian Sergio Arias has over 22 years of experience in the operation of various chemical plants. Arias has dedicated the last seven years to developing technologies and process improvements for the processing of lithium brines. He has also worked in exar with Lithium Americas to develop the Cauchari Lithium project, recently taking on the position of process manager of Galaxy Lithium in the Sal de Vida project, located in the Salar del Hombre Muerto.

Alpha Lithium Corporation (TSXV: ALLI) (OTC Pink: APHLF) has secured a US$30 million investment from Uranium One Group.

Uranium One Group, (www.uranium1.com) one of an international group of companies, all wholly owned subsidiaries of the Russian State Atomic Energy Corporation, better known as Rosatom, manages one of the world's largest uranium mining holdings with a diversified portfolio of assets.

For more information, please view the InvestmentPitch Media "video" which provides additional information about this news and the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Alpha Lithium" in the search box.

It is developing projects in Kazakhstan, Tanzania, Namibia and in South America. Rosatom recently assembled a team of lithium industry experts within Uranium One to focus on constructing one of the world's largest lithium portfolios and to become a very significant provider of battery grade lithium to key international manufacturers.

Alpha Lithium has formed a wholly owned subsidiary, Alpha One Lithium B.V., which will be the sole owner of Alpha Lithium's Tolillar lithium deposit in Argentina. The 27,500-hectare deposit is located in the Argentine province of Salta, neighboring multi-billion-dollar lithium players in the heart of the renowned "Lithium Triangle", a region rich with hydromineral raw materials with a high concentration of lithium.

Uranium One's wholly owned subsidiary Uranium One Holding N.V. has agreed to invest US$30 million in exchange for a 15% ownership of Alpha One Lithium, with Alpha Lithium holding the balance of 85% and retaining full control of Tolillar, management, and the board and will be responsible for deploying the invested capital. The transaction is limited only to Tolillar and when closed, is expected to leave Alpha Lithium with approximately $45 million in cash, free to focus expansion and development efforts on its nearby Salar del Hombre Muerto, where the company continues to expand its 5,000+ hectare foothold in one of the world's highest quality and longest producing lithium salars.

Following the completion of a bankable Feasibility Study on the project, Uranium One Holding N.V. will have the option to invest an additional US$185 million to acquire another 35% of Tolillar, thereby increasing its ownership to 50%. Should Uranium One exercise its Earn-in Right, the US$185 million will be directed toward the construction of an initial 10,000 tonne per annum LCE commercial production facility. This initial production facility is intended to be the first module of several, allowing production to be expanded if and when it is desired.

If Uranium One were to issue a large capital call associated with a plant expansion in which Alpha Lithium may choose not to participate in, Alpha has an option to sell its equity stake in Alpha One, receiving fair market value plus a premium of 25% for its position as well as having a right of first offer to solicit higher offers.

Brad Nichol, Alpha's President and CEO, stated: "This early-stage asset has attained a truly game-changing breakthrough for our shareholders. This sort of milestone is rarely achieved by a company with less than two years of operations and with a valuation at this level. Exercising the Earn-in Right implies a value at Tolillar of US$529 million, not including any Additional Consideration. Including the maximum Additional Consideration, the implied project value would be US$604 million, which is over CDN$750 million for the Tolillar asset alone. Uranium One has the ability to earn a 50% interest in Tolillar and Alpha will retain a 50% working interest in a salar that is funded up to the point of commercial production. Having gotten to know Mr. Shutov and his team over the past few months, I am truly pleased to be partnering with Uranium One, an internationally recognized, large-scale project developer. I have no doubt they will match our hunger for fast and full development of the Tolillar Salar, in addition to offering large project execution experience and significant downstream contacts in Europe."

Andrey Shutov, President of Uranium One, added: "In alignment with our stated strategy of securing non-uranium mineral resources, Uranium One is very excited to work with the famous Alpha Lithium team to advance the Tolillar Project, located within the renowned Lithium Triangle, the world's most prolific lithium region. This partnership agreement represents a scaled approach to expanding Uranium One's lithium production, while allowing Uranium One and Alpha Lithium to collaborate on the development of Tolillar and implement efficient extraction technologies."

For more information, please visit the company's website at www.AlphaLithium.com. Investor Relations is handled by Rob Guzman of Xander Capital Partners, who can be reached at 844-592-5337 or by email at relations@alphalithium.com.

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Alpha Lithium Corporation (TSXV: ALLI) (OTC: APHLF) ( Frankfurt : 2P62) (" Alpha " or the " Company ") is pleased to announce that it has amended the terms of its previously announced offering of Units (as defined below). Under the amended terms of the Offering (as defined below), the underwriter, Echelon Wealth Partners Inc. (the " Underwriter ") has agreed to purchase 21,750,000 units (the " Units " ) from the treasury of the Company, at a price of $1.00 per Unit (the " Issue Price ") and offer them to the public by way of short form prospectus for total gross proceeds of $21,750 ,000 (the " Offering "). Each Unit will consist of one common share of the Company (each a " Common Share ") and one-half common share purchase warrant (each full warrant, a " Warrant " and collectively the " Warrants "). Each Warrant will entitle the holder thereof to acquire one Common Share at a price of $1.45 for a period of 24 months from the closing date of the Offering.

The Company has granted the Underwriter an option to purchase up to an additional 15% of the Units at the Issue Price. The Over-Allotment Option may be exercised in whole or in part to purchase Units as determined by the Underwriter upon written notice to the Company at any time up to 30 days following the Closing Date (the " Over-Allotment Option "). If fully exercised, the Over-Allotment Option would bring the total of the offering to $25,000,000 .

The Company intends to use the net proceeds of the Offering for the development of Hombre Muerto Salar, Tolillar Salar and for general working capital purposes.

The Offering will be completed (i) by way of a short form prospectus of the Company to be filed in the provinces of British Columbia , Alberta , and Ontario , (ii) on a private placement basis in the United States pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the " U.S. Securities Act ") and (iii) outside Canada and the United States on a basis which does not require the qualification or registration of any of the Company's securities under domestic or foreign securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States . The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The Offering is expected to close on or about December 1, 2021 , or such other date as the Company and the Underwriter may agree, and is subject to customary closing conditions, including the approval of the securities regulatory authorities and the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF Alpha Lithium CORPORATION "Brad Nichol"

Brad Nichol President, CEO and Director

About Alpha Lithium (TSX.V: ALLI) (OTC: APHLF) ( Frankfurt : 2P62)

Alpha Lithium is a team of industry professionals and experienced stakeholders focused on the development of the Tolillar and Hombre Muerto Salars. In Tolillar, we have assembled 100% ownership of what may be one of Argentina's last undeveloped lithium salars, encompassing 27,500 hectares (67,954 acres), neighboring multi-billion-dollar lithium players in the heart of the renowned "Lithium Triangle". In Hombre Muerto, we continue to expand our 5,000+ hectare (12,570 acres) foothold in one of the world's highest quality, longest producing lithium salars. Other companies in the area exploring for lithium brines or currently in production include Orocobre Limited, Galaxy Lithium, Livent Corporation, and POSCO in Salar del Hombre Muerto; Orocobre in Salar Olaroz; Eramine SudAmerica S.A. in Salar de Centenario; and Gangfeng and Lithium Americas in Salar de Cauchari.

This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. While these statements reflect management's current plans, projections, and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of the Company. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. The Company's actual results, programs, production decisions (if any) activities and financial position could differ materially from those expressed in or implied by these forward-looking statements. The Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

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Alpha Lithium Corporation (TSXV: ALLI) (OTC: APHLF) ( Frankfurt : 2P62) (" Alpha " or the " Company ") is pleased to announce that it has entered into an agreement with Echelon Wealth Partners Inc. (the " Underwriter ") pursuant to which the Underwriter has agreed to purchase 13,000,000 units (the " Units" ) from the treasury of the Company, at a price of $1.00 per Unit (the " Issue Price ") and offer them to the public by way of a short form prospectus for total gross proceeds of approximately $13,000 ,000 (the " Offering ").

Each Unit will consist of one common share of the Company (each a " Common Share ") and one-half common share purchase warrant (each full warrant, a " Warrant " and collectively the " Warrants "). Each Warrant will entitle the holder thereof to acquire one Common Share at a price of $1.45 for a period of 24 months from the closing date of the Offering.

The Company has granted the Underwriter an option to purchase up to an additional 15% of the Units at the Issue Price. The Over-Allotment Option may be exercised in whole or in part to purchase Common Shares, Warrants or Units as determined by the Underwriter upon written notice to the Company at any time up to 30 days following the Closing Date (the " Over-Allotment Option ").

The Company intends to use the net proceeds of the Offering for the development of Tolillar Salar and working capital and general corporate purposes.

ON BEHALF OF THE BOARD OF Alpha Lithium CORPORATION "Brad Nichol"

Brad Nichol President, CEO and Director

About Alpha Lithium (TSX.V: ALLI) (OTC: APHLF) ( Frankfurt : 2P62)

Alpha Lithium is a team of industry professionals and experienced stakeholders focused on the development of the Tolillar and Hombre Muerto Salars. In Tolillar, we have assembled 100% ownership of what may be one of Argentina's last undeveloped lithium salars, encompassing 27,500 hectares (67,954 acres), neighboring multi-billion-dollar lithium players in the heart of the renowned "Lithium Triangle". In Hombre Muerto, we continue to expand our 5,000+ hectare (12,570 acres) foothold in one of the world's highest quality, longest producing lithium salars. Other companies in the area exploring for lithium brines or currently in production include Orocobre Limited, Galaxy Lithium, Livent Corporation, and POSCO in Salar del Hombre Muerto; Orocobre in Salar Olaroz; Eramine SudAmerica S.A. in Salar de Centenario; and Gangfeng and Lithium Americas in Salar de Cauchari.

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Alpha Lithium Corporation (TSXV: ALLI) (OTC: ALLIF) ( Frankfurt : 2P62) (" Alpha " or the " Company "), sole owner of one of the last large, undeveloped salars in Argentina's Lithium Triangle, is pleased to announce that it has amended the agreement with Echelon Wealth Partners Inc. and Leede Jones Gable Inc. as co-leads and joint bookrunners (the " Underwriter s"), pursuant to which the Underwriters have increased the size of its previously announced short form prospectus offering of units of the Company (the " Units ") at a price of $0.81 per Unit (the " Issue Price "). Under the amended terms, the Underwriters have agreed to purchase, on a bought deal basis, 24,700,000 Units for gross proceeds to the Company of $20,007,000 (the " Offering "), the remaining terms remain unchanged.

The Offering is expected to close on or about February 16, 2021 , or such other date as the Company and the Underwriters may agree, and is subject to customary closing conditions, including the approval of the securities regulatory authorities and the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF Alpha Lithium CORPORATION

Brad Nichol President, CEO and Director

About Alpha Lithium (TSX.V: ALLI) (OTC: ALLIF) ( Frankfurt : 2P62)

Alpha Lithium is a growing team of industry professionals and experienced stakeholders focused on the development of the Tolillar Salar. Together, we have assembled 100% ownership of what may be one of Argentina's last undeveloped lithium salars, encompassing 27,500 hectares (67,954 acres), neighboring multi-billion-dollar lithium players in the heart of the renowned "Lithium Triangle". Other companies in the area exploring for lithium brines or currently in production include Galaxy Lithium, Livent, and POSCO in Salar del Hombre Muerto; Orocobre in Salar Olaroz; Eramine SudAmerica S.A. in Salar de Centenario; and Gangfeng and Lithium Americas in Salar de Cauchari.

For more information visit: https://alphalithium.com/ and follow us on Twitter or Facebook .

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Alpha Lithium Corporation (TSXV: ALLI) (OTC: ALLIF) ( Frankfurt : 2P62) (" Alpha " or the " Company "), sole owner of one of the last large, undeveloped salars in Argentina's Lithium Triangle, is pleased to announce that it entered an agreement with a syndicate of underwriters co-led by Echelon Wealth Partners Inc. and Leede Jones Gable Inc. (the " Underwriters ") pursuant to which the Underwriters have agreed to purchase 12,400,000 units (the " Units ") from the treasury of the Company, at a price of $0.81 per Unit (the " Issue Price ") and offer them to the public by way of short form prospectus for total gross proceeds of approximately $10,044,000 (the " Offering ").

Each Unit will consist of one common share of the Company (each a " Common Share ") and one common share purchase warrant (each, a " Warrant " and collectively the " Warrants "). Each Warrant will entitle the holder thereof to acquire one Common Share at a price of $1.10 for a period of 24 months from the closing date of the Offering.

The Company has granted the Underwriters an option to purchase up to an additional 15% of the Units at the Issue Price. The Over-Allotment Option may be exercised in whole or in part to purchase Shares, Warrants or Units as determined by the Underwriters upon written notice to the Company at any time up to 30 days following the Closing Date (the " Over-Allotment Option ").

The Company intends to use the net proceeds of the Offering to pursue land acquisitions, for exploration expenditures and for general corporate purposes.

The Offering will be completed (i) by way of a short form prospectus to be filed in the provinces of British Columbia , Alberta , and Ontario , (ii) on a private placement basis in the United States pursuant to exemptions from the registration requirements of the United States Securities Act of 1933 , as amended (the " U.S. Securities Act ") and (iii) outside Canada and the United States on a basis which does not require the qualification or registration of any of the Company's securities under domestic or foreign securities laws.

In connection with the Offering, the Underwriters will receive a cash commission of 7.0% of the gross proceeds of the Offering and that number of non-transferable compensation options (the " Compensation Options ") as is equal to 7.0% of the aggregate number of Units sold under the Offering. Each Compensation Option is exercisable into one Common Share of the Company at the Issue Price for a period of 24 months from the closing date of the Offering.

ON BEHALF OF THE BOARD OF Alpha Lithium CORPORATION

Brad Nichol President, CEO and Director

About Alpha Lithium (TSX.V: ALLI) (OTC: ALLIF) ( Frankfurt : 2P62)

For more information visit: https://alphalithium.com/ and follow us on Twitter or Facebook .

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Foremost Lithium Resource & Technology Ltd. (CSE: FAT) (OTCQB: FRRSF) (FSE: F0R0) (WKN: A3DCC8) ("Foremost" or the "Company") (www.foremostlithium.com) is pleased to announce the appointment of Foremost's largest shareholder, Jason Barnard to the Company's Board of Directors (the "Board").

Mr. Barnard has over 31 years of capital markets experience. Since 2004, he has been self-employed as a private investor where he has been directly involved in raising over $500 million dollars for mining and exploration companies with a focused expertise on Canadian base metal companies. Mr. Barnard started his career with McDermid St. Laurence Securities in 1991 as a stockbroker with primary focus in mining, and mining exploration companies. Mr. Barnard then worked at Canaccord Genuity from 1997 until 2004. Mr. Barnard holds a Bachelor of Arts degree with a major in Economics from Carlton University and has obtained The Canadian Securities Course license in 1990. He first started working with and financing Foremost Lithium, previously known as Far Resources, with founder, and President Keith Anderson in 2016.

Jason Barnard comments "I look forward to working with the Board and to bringing my capital markets experience to the management team. I have a strong knowledge of the company's developments and believe my interests are very much aligned with all shareholders."

John Gravelle, Foremost Lithium's CEO and President adds "We are pleased to appoint Jason to the Board at Foremost Lithium. His long history with the company along with his capital markets experience will be enable us to promote the continued advancement of our corporate goals. We would also like to announce that Scott Taylor has resigned to pursue other opportunities. Everyone at Foremost wishes Mr. Taylor well in his future endeavours."

John Gravelle President and CEO, Foremost Lithium Resource & Technology

About Foremost Lithium Resource & Technology Ltd.

Foremost Lithium is a resource exploration company committed to having a critical role in the production of high-quality battery-grade lithium hydroxide to fuel the electric vehicle and battery storage market. Given the importance and global focus on increasing decarbonization, the company is hyper-focused on continued exploration and growth on its six lithium projects: Jean Lake, Grass River Claims, Zoro, Jol and the Peg North Claims, in Snow Lake Manitoba, and its Hidden Lake Lithium Project in the Northwest Territories. Foremost Lithium also has the Winston Gold/Silver Property in New Mexico USA.

For further information please contact:

John Gravelle President and CEO Foremost Lithium Resource &Technology Ltd. Email: info@foremostlithium.com Phone: +1 (604) 330-8067

Twitter: @foremostlithium Linkedin: https://www.linkedin.com/company/foremost-lithium-resource-technology/mycompany Facebook: https://www.facebook.com/ForemostLithium

This news release contains "forward-looking statements" and "forward looking information" (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the Company's properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts", "anticipates" "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the Company's projects; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; increases or decreases in market prices of mining consumables, possible variations in resource estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, changes in applicable laws or stock exchange policies and receipt of any requires regulatory approvals and political and economic developments in areas in which the Company operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward-looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedar.com for further information respecting the risks affecting the Company and its business.

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Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) (" Spey " or the " Company "), is pleased to announce that it intends to complete a non-brokered private placement consisting of units of the Company at a price of $0.175 per unit (the " Unit ") for aggregate gross proceeds of up to C$2,750,000, with each Unit comprised of one common share of the Company (each, a " Share ") and one-half of one common share purchase warrant of the Company (each whole warrant, a " Warrant "), with each whole Warrant entitling the holder to acquire one (1) Share (each, a " Warrant Share ") at a price of C$0.35 per Warrant Share for a period of twenty-four (24) months, provided that if the volume weighted average trading price of the Shares on the Canadian Securities Exchange (" CSE ") is at a price greater than $0.70 per Share for ten (10) consecutive trading days, then the expiry date of the Warrants shall automatically accelerate and will expire on the date that is thirty (30) days after the date that notice of such acceleration is provided to the Warrant holders by way of press release (the " Offering ").

The Company intends to use the net proceeds raised from the Offering for funding exploration drilling and five hole drill program at the Company's projects, property payments and general working capital.

All securities issued in the Offering will be subject to a statutory four month hold period. Closing of the Offering is subject to receipt of all regulatory approvals, including approval of the CSE. The Offering is expected to close on or about September 12, 2022.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act ") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The Company also intends to issue approximately 2,500,000 Shares to various creditors to settle outstanding indebtedness.

Spey Resources is a Canadian mineral exploration company which holds two option agreements to acquire 100% interest in the Candela II and Pocitos II lithium brine projects, and a 20% interest in the Pocitos I lithium project, all of which are located in the Salta Province, Argentina. Spey also holds an option to acquire a 100% undivided interest in the Silver Basin Project located in the Revelstoke Mining Division of British Columbia as well as an option to acquire a 100% interest in the Kaslo Silver project, west of Kaslo, British Columbia.

For more information, please contact:

nader@speyresources.ca 778-881-4631

Cautionary Note Regarding Forward-Looking Statements

This news release includes forward-looking statements that are subject to risks and uncertainties, ‎‎‎‎including with respect to the Offering, including the total proceeds, use of proceeds, and the closing (including the proposed closing date) of the Offering . The Company ‎‎provides forward-looking statements for the purpose of conveying ‎‎information about current ‎‎expectations and plans relating to the future and readers are cautioned that ‎‎such statements may not be ‎‎appropriate for other purposes. By its nature, this information is subject to ‎‎inherent risks and ‎‎uncertainties that may be general or specific and which give rise to the possibility that ‎‎expectations, ‎‎forecasts, predictions, projections, or conclusions will not prove to be accurate, that ‎‎assumptions may not ‎‎be correct, and that objectives, strategic goals and priorities will not be achieved. ‎‎These risks and ‎‎uncertainties include but are not limited those identified and reported in the Company's ‎‎public filings ‎‎under the Company's SEDAR profile at www.sedar.com. Although the Company has ‎‎attempted to identify ‎‎important factors that could cause actual actions, events, or results to differ ‎‎materially from those ‎‎described in forward-looking information, there may be other factors that cause ‎‎actions, events or ‎‎results not to be as anticipated, estimated or intended. There can be no assurance that ‎‎such information ‎‎will prove to be accurate as actual results and future events could differ materially from ‎‎those ‎‎anticipated in such statements. The Company disclaims any intention or obligation to update or ‎‎revise any ‎‎forward-looking information, whether as a result of new information, future events or ‎‎otherwise unless ‎‎required by law.‎

The CSE has not reviewed, approved, or disapproved the contents of this ‎press release.‎

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Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) (" Giyani " or the " Company "), developer of the K.Hill battery-grade manganese project in Botswana (" K.Hill Battery Manganese Project " or " K.Hill "), is pleased to announce that it has signed a design-build contract (" Contract ") with specialist South African-based hydrometallurgical engineering firm Met63 (Pty) Ltd. (" Met63 ") for the construction of a demonstration plant (" Demo Plant ").

The Demo Plant project has the following key objectives:

The Contract covers the engineering, construction and commissioning of the Demo Plant, on an open book and cost-reimbursable basis. The capital expenditure of approximately USD9.2 million, plus incentives for Met63 based on delivery of the Demo Plant on time, within budget and on specification, will be funded from the Company's existing cash resources. Met63 is a specialist hydrometallurgical engineering and consulting company based in South Africa with a team that has extensive experience in designing hydrometallurgical circuits and specializes in advanced modular process plants for battery-grade metals.

The Demo Plant is designed for a continuous process, so that HPMSM crystals meeting the stringent product specifications set by potential off-takers can be produced in a steady state operation. To support the continuous process, the Demo Plant will be equipped with a sophisticated instrumentation and control system that also provides the flexibility to use the Demo Plant for de-risking the commercial plant development and as a training facility. The Demo Plant can produce up to 600kg of dry HPMSM crystals per day depending on feedstock characteristics.

Met63 and the Company have selected a construction site in Johannesburg where the Demo Plant will be commissioned and operated before expected relocation to Botswana. Completion of the construction of the Demo Plant is currently anticipated by mid-2023 with commissioning, ramp-up and first HPMSM product samples expected to be available for shipment in H2 2023. This timeline has been made possible by the early procurement of the longest lead items, in particular the two crystallizers and associated accessories that were ordered in March and June 2022, which are currently scheduled for delivery in Q1 2023, and make up the entire crystallization unit of the Demo Plant that will allow for it to operate on a continuous process.

The Company intends to dispatch HPMSM product to potential off-takers in the European, North American and Asian markets, a number of whom have already requested samples. Giyani's HPMSM product will then be tested to verify quality and performance characteristics prior to the conclusion of any potential off-take contracts.

Robin Birchall, CEO of the Company, commented:

"The Demo Plant is a cornerstone of our strategy for full commercial development. Its objectives are to validate our process flowsheet, de-risk commercial development of K.Hill and facilitate off-take contracts with battery and OEM customers. Signing this contract with Met63, an experienced specialist hydrometallurgical engineering firm with a proven track record in engineering and construction of battery-grade metal projects, is another step towards production and first shipments of HPMSM in the second half of 2023.

The support of our shareholders has allowed us to fund the construction and commissioning of a larger Demo Plant than originally envisaged, with a capacity of up to 600kg per day, despite inflationary pressures and cost increases across the mining industry. An increasing number of OEMs have highlighted the potential of manganese-rich cathodes and so our enlarged facility will be able to cater for increased demand for HPMSM samples.

Our low carbon process makes Giyani an ideal partner for the supply of this critical battery material. With several key catalysts on the horizon, including the release of our feasibility study on K.Hill, we are entering a very exciting phase of development."

Giyani is a mineral resource company focused on becoming one of Africa's first low-carbon producers of high-purity manganese sulphate precursor materials directly from manganese oxide ore, used by battery manufacturers for the expanding EV market, through the advancement of its manganese assets in the Kanye Basin in south-eastern Botswana, (the " Kanye Basin Prospects ") through its wholly-owned Botswana subsidiary Menzi Battery Metals (Pty) Limited. The Company's Kanye Basin Prospects consist of eight prospecting licences and include the past producing Kgwakgwe Hill mine and project, referred to as the K.Hill Battery Manganese Project, the Otse manganese prospect and the Lobatse manganese prospect, both of which have seen historical mining activities.

The Company is currently undertaking a feasibility study on the K.Hill Battery Manganese Project, following an updated preliminary assessment report announced on April 12, 2021, with a post-tax NPV of USD332 million and post-tax IRR of 80%, based on a development plan to produce around 891,000 tonnes of HPMSM over a ten year project life. An updated 43-101 technical report on the K.Hill Battery Manganese Project is available on www.sedar.com and on the Company's website at giyanimetals.com .

Met63 is a dynamic, technology-based engineering and consulting company with expertise in providing tailored engineering solutions utilising innovative and cost-effective mineral processing options. The Met63 team has extensive experience in designing hydrometallurgical circuits and specializes in advanced modular process plants for battery-grade metals. For more information about Met63, please visit met63.com .

Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 21,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com

Qualified Persons / NI 43-101 Disclosures

Mr. Jacques du Toit CEng. PrEng. MscEng. PMP is a qualified person, as defined by National Instrument 43-101. Mr. du Toit is the Company's VP, Technical Services and has reviewed and approved the scientific and technical content contained in this press release but is not independent for the purposes of NI 43-101.

On behalf of the Board of Directors of Giyani Metals Corp.

Robin Birchall CEO, Director +44 7711 313019 rbirchall@giyanimetals.com

George Donne VP Business Development +44 7866 591 897 gdonne@giyanimetals.com

Judith Webster Corporate Secretary +1 416 453 8818 jwebster@giyanimetals.com

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ACME Lithium Inc. (CSE: ACME) (OTCQX: ACLHF) (the "Company", or "ACME") is pleased to report that it has acquired by staking 10 claims totaling approximately 5196 acres situated near Birse Lake, southeastern Manitoba, Canada, contiguous and directly east of ACME's Shatford Lake project area.

The Birse Lake claim block covers the Birse Lake pluton that has numerous pegmatite occurrences along its periphery. The project claim area has been filed with the Manitoba government and is subject to review and processing. This brings ACME's land holdings in southeastern Manitoba to approximately 17,000 acres or 70 square kilometres.

Figure 1: Shatford Lake and Birse Lake claim areas map

To view an enhanced version of Figure 1, please visit: https://images.newsfilecorp.com/files/7776/135965_110f8ed1944388a5_002full.jpg

ACME's Shatford Lake and Birse Lake claim areas are located strategically and contiguous to the south of Sinomine's world class Tanco Mine, a Lithium, Cesium and Tantalum producer (LCTs) since 1969, located in the pegmatite fields of the southern limb of the Bird River Greenstone Belt (BRGB). ACME's Cat-Euclid Lake project claims are approximately 20 kilometres to the north of the Tanco Mine.

The northern and southern limbs of the Bird River Greenstone Belt contain at least 10 pegmatite fields and host hundreds of individual pegmatite bodies, of which many are classified as complex rare-element Lithium-Cesium-Tantalum (LCT) pegmatites. In both limbs of the BRGB, pegmatites are associated with granitic intrusions into structurally dilatant zones adjacent to major east-west shear zones. Worldwide, LCT pegmatite deposits account for about one-fourth of the world's lithium production, most of the tantalum production, and all the cesium production.

ACME is in the process of completing an extensive summer exploration program at both Cat-Euclid and Shatford Lakes employing remote sensing, structural geology, ground-based geological mapping, and geochemical sampling to localize targets for drilling. Our exploration focus is on spodumene-bearing LCT pegmatites that are a source for high quality lithium that can be converted to lithium carbonate.

Dane Bridge, P. Geol. is a Qualified Person as defined by NI 43-101 and has supervised the preparation of the scientific and technical information that forms the basis for this news release.

Led by an experienced team, ACME Lithium is a mineral exploration Company focused on acquiring, exploring, and developing battery metal projects in partnership with leading technology and commodity companies. ACME has acquired or is under option to acquire a 100-per-cent interest in projects located in Clayton Valley and Fish Lake Valley, Esmeralda County Nevada, and at Cat-Euclid and Shatford Lakes in southeastern Manitoba.

On behalf of the Board of Directors

Steve Hanson Chief Executive Officer, President and Director Telephone: (604) 564-9045 info@acmelithium.com

Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy of this news release. This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur and in this news release include but are not limited to the attributes of, timing for and expected benefits to be derived from exploration, drilling or development at ACME's project properties. Information inferred from the interpretation of drilling, sampling and other technical results may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the Company's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/135965

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(TSX.V: TORC) (OTCQB: TORCF)

TinOne Resources Inc. (TSX.V: TORC) (OTCQB: TORCF) (" TinOne " or the " Company ") is pleased to provide its second batch of results from its 100%-owned Great Pyramid Tin (Sn) Project (the " Project ") located in the tier one mining jurisdiction of Tasmania, Australia . The ongoing drill program has returned outstanding high-grade results highlighted by hole 22GPRC012 which returned 0.51% Sn over 78 metres, Including 1.09 % Sn over 23 metres from near surface in a new zone. Great Pyramid is the Company's most advanced and active project in its portfolio of high-quality tin assets and more results are expected in the coming weeks.

"These current results from Great Pyramid are some of the best ever reported from the Project and demonstrate exceptional grade and thickness in areas outside the historical resource area," commented Chris Donaldson , Executive Chairman. "The drilling continues to deliver consistent results within the historical resource area, and more importantly identifying significant mineralised zones outside the historical resource area. Our geological team is working to further develop our grade distribution model and build our geological interpretation to assist further targeted drilling and the integration with the extensive historical database."

Results have been received for 2,128 metres of the Company's ongoing 5,500 metre drilling program at the Great Pyramid Project. These results represent complete results for 15 Reverse Circulation (" RC ") drill holes, partial results for one additional RC hole and results from one diamond cored hole. Assays are being fast tracked.

Drilling commenced at the Project on April 27 , 2022. The initial program consists of approximately 5,500 metres and has several objectives:

In addition to the RC drill results reported here, an additional 2,037 metres of diamond drilling has been completed within, lateral to, and beneath the historical resource area. Drill core processing is underway with an initial 528 metres of core despatched to the laboratory.

Results reported here are from below, peripheral too and within the historical resource 1 area (Table 1). Drill holes below and peripheral to the historic resource model have returned intersections consistent with or higher grade than the historical model, including high grade intersections in 22GPRC012 from near surface outside the current resource. Deeper diamond drilling (assays pending) has confirmed the presence of mineralisation to considerable depth below the historical resource model and are consistent with historical drill data 2 which returned mineralised intervals to the limit of drilling, up to 300m below surface.

Table 1: Great Pyramid RC drill results. More significant results are shown in bold.

Inside historic resource model. Diamond tail completed (assays pending) below historical resource model.

Inside historic resource model, to end of hole, abandoned in old working.

Inside and below historical resource model.

Outside historical resource model. To the end of hole.

NOTES: All intersections are calculated with a cut-off grade of 0.1% Sn with maximum consecutive internal waste of 4 metres. All intersections are downhole widths, true widths are uncertain.

TinOne drill hole numbering is in the form 22GPRCXXX for RC holes and 22GPRDDXXX for diamond holes with numbering allocated in sequence. Analytical results have been received for holes 22GPRC002, 003, 004, 005, 006, 007, 009, 011, 012, 013, 014 ,016, 017, 018A, 019 and 021 (part). Hole 22GPRC020 failed at 12 metres and was not assayed. The target area for this hole was drilled by 22GPRC021.

Diamond holes completed to-date and with assays pending are 22GPDD001A (redrill of 22GPDD001 which was abandoned at 42.1m), 22GPDD008, 22GPDD10, 22GPDD015 and 22GPDD023. Diamond tail extensions have been completed for RC pre-collar holes 22GPRC003, 22GPRC004 and 22GPRC006 with assays pending.

The Great Pyramid deposit is located around a topographical feature known as Pyramid Hill and is hosted by Silurian to Devonian Mathinna Supergroup sandstones. The mineralization is formed by closely spaced sheeted northeast trending, cassiterite (SnO₂) bearing veins associated with silicification and sericite-pyrite alteration. The deposit style and regional comparisons suggests that a tin-fertile granite exists at depth below the deposit, however this has not been encountered in drilling and the deposit is open at depth. Geological interpretation indicates that certain sedimentary units within the folded Mathinna Supergroup sediments are more favourable hosts and diamond drilling being undertaken by the Company during the current campaign, combined with numerical modelling, will assist in developing a deeper understanding of controls on grade for follow up drilling.

The deposit is currently known over a strike length of more than 500 metres with an average width of approximately 150 metres. The depth extent of the deposit is unknown with only nine historical drill holes greater than 150 metres deep. These rare deeper holes encountered encouraging tin mineralization to depths of approximately 300 metres below surface 2 .

The previous owners of the Great Pyramid project estimated an Inferred Resource reported under the JORC 2012 guidelines. This resource contains approximately 10,000 tonnes of tin at a grade of 0.2% tin (Table 2). The estimation utilised close spaced historic percussion (~85%) and lesser diamond drill holes with drill spacing in the estimation area typically 15 x 30m and locally closer. Although the resource is defined by close spaced drilling, the resource was classified by the previous owners as Inferred due to the historic nature of the data. The estimate was reported in the independent geological report prepared by Mining One Pty Ltd for TNT Mines Ltd, dated June 26, 2017 .

Table 2: Great Pyramid Historical Inferred Mineral Resource 1

Great Pyramid Inferred Mineral Resource - JORC 2012

The Inferred Resource was estimated using Multiple Indicator Kriging method of 1.5 metre down-hole composites within a mineralized domain interpreted from tin grade. The estimate is restricted to the area of close spaced drilling and 90% of the resource occurs within 40 metres of surface. Although the limited deeper drilling has encountered mineralized material this was not included in the resource. Additional drilling utilising modern drill techniques, analytical techniques and QA/QC will be required to re-estimate the resource and report under NI 43-101.

The reader is cautioned that the above referenced "Inferred Resource" estimates are considered historical in nature and are based on prior data and reports prepared by previous property owners. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and TinOne is not treating the historical estimate as current mineral resources or mineral reserves. Significant data compilation, re-drilling, re-sampling and data verification may be required by a qualified person before the historical estimate on the Great Pyramid property can be classified as a current resource. There can be no assurance that any of the historical mineral resources, in whole or in part, will ever become economically viable. In addition, mineral resources are not mineral reserves and do not have demonstrated economic viability. Even if classified as a current resource, there is no certainty as to whether further exploration will result in any inferred mineral resources being upgraded to an indicated or measured mineral resource category.

Data regarding historical drilling is sourced from Mineral Resources Tasmania online database (MRTMap). In addition, data for 18GPD001 has been sourced from a public announcement by previous owners TNT Mines, November 15, 2018. However, the "historical drill data" are considered historical in nature and are based on prior data and reports prepared by previous property owners. A qualified person has not done sufficient work to classify the historical data as current and TinOne is not treating the historical data as current. There can be no assurance that any of the historical drill data is representative.

Drill core and RC samples were shipped to ALS Limited in Brisbane, Australia for sample preparation and for analysis. The ALS, Brisbane facilities are ISO 9001 and ISO/IEC 17025 certified. Tin and tungsten are analysed by ICP-MS following lithium borate fusion (ALS method ME-MS85), overlimit results are reanalysed by XRF (ALS method XRF15b). Forty-eight element multi-element analyses are conducted by ICP-MS with a four-acid digestion (ALS method ME-MS61).

Control samples comprising certified reference samples, duplicates and blank samples were systematically inserted into the sample stream and analyzed as part of the Company's quality assurance / quality control protocol.

TinOne is a TSX Venture Exchange listed Canadian public company with a high-quality portfolio of tin projects in the Tier 1 mining jurisdictions of Tasmania and New South Wales, Australia . The Company is focussed on advancing its highly prospective portfolio while also evaluating additional tin opportunities. TinOne is supported by Inventa Capital Corp.

The Company's disclosure of technical or scientific information in this press release has been reviewed and approved by Dr. Stuart Smith ., Technical Adviser for TinOne. Dr. Smith is a Qualified Person as defined under the terms of National Instrument 43-101.

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.

This news release includes certain "Forward‐Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward‐looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward‐looking statements or information. These forward‐looking statements or information relate to, among other things: the development of the Company's projects, including drilling programs and mobilization of drill rigs; future mineral exploration, development and production; the release of drilling results; and completion of a drilling program.

Forward‐looking statements and forward‐looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of TinOne, future growth potential for TinOne and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of gold and other metals; no escalation in the severity of the COVID-19 pandemic; costs of exploration and development; the estimated costs of development of exploration projects; TinOne's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect TinOne's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward‐looking statements or forward-looking information and TinOne has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company's dependence on early stage mineral projects; metal price volatility; risks associated with the conduct of the Company's mining activities in Australia ; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding mineral resources and reserves; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of COVID-19; the economic and financial implications of COVID-19 to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities and artisanal miners; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in TinOne's management discussion and analysis. Readers are cautioned against attributing undue certainty to forward‐looking statements or forward-looking information. Although TinOne has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. TinOne does not intend, and does not assume any obligation, to update these forward‐looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

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Foremost Lithium Resource & Technology Ltd. (CSE: FAT) (OTCQB: FRRSF) (FSE: F0R0) (WKN: A3DCC8) ("Foremost" or the "Company") (www.foremostlithium.com) is pleased to announce the addition of Johnathan A. More and Michael McLeod to the Company's Advisory Board.

Johnathan More brings over 28 years of experience in global capital markets focused primarily on natural resource industries. His distinguished tenure at Canaccord Genuity included many significant achievements and he retired in 2008 as Vice President and Advisor at the Company. Mr. More successfully transitioned from the capital markets to the public company sector where he has been responsible for numerous successful transactions in the Canadian marketplace and continues to identify and create new opportunities. He currently serves as Chairman & CEO of Starr Peak mining Ltd, a Canadian company focused on gold exploration. Mr. More is also Chairman and CEO of Power Metals Corp., a Canadian company focused on Lithium, Cesium and Tantalum exploration.

Mike McLeod has over 40 years of experience in the corporate financial services industry with a strong network in the capital markets. He has been a long term member of the Canadian Investor Relations Institute and Governance Professionals of Canada. Mr. McLeod has served as a global advisor and counseled many boards of directors and management teams on a wide range of topics including corporate governance, capital markets intelligence, M&A transactions, and shareholder engagement and communications. Mr. McLeod currently serves as a senior director at Morrow Sodali.

President and CEO John Gravelle states on behalf of our entire team, "I would like to welcome Johnathan and Mike to the Company. The management team of Foremost believe that both Jonathan's and Mike's extensive experience and knowledge will readily advance the progress of our many exciting projects and assist the company in meeting our strategic goals. Johnathan's working knowledge of the lithium exploration space will be invaluable to our Company, and Mike brings a demonstrative skill set in corporate governance, investor relations and overall strategic shareholder engagement. We look forward to utilizing their knowledge immediately."

The Company announced that that it had granted incentive stock options as per news release dated September 02, 2022, to purchase an aggregate of 1,000,000 common shares of the Company at an exercise price of $0.255 per common share expiring three years from the date of grant. A further 400,000 options will be granted and available to purchase at an exercise price of $0.275 per common share expiring three years from the date of grant, and are both subject to regulatory approval. The stock options are granted to certain officers, directors, consultants, employees, and advisors to the Company in accordance with the terms and conditions of the Company's Rolling Stock Option Plan and the policies of the Canadian Securities Exchange.

John Gravelle President and CEO, Foremost Lithium Resource & Technology

About Foremost Lithium Resource & Technology Ltd.

For further information please contact:

John Gravelle President and CEO Foremost Lithium Resource &Technology Ltd. Email: info@foremostlithium.com Phone: +1 (604) 330-8067

Twitter: @foremostlithium Linkedin: https://www.linkedin.com/company/foremost-lithium-resource-technology/mycompany Facebook: https://www.facebook.com/ForemostLithium

UNITED STATES ADVISORY. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), have been offered and sold outside the United States to eligible investors pursuant to Regulation S promulgated under the U.S. Securities Act, and may not be offered, sold, or resold in the United States or to, or for the account of or benefit of, a U.S. Person (as such term is defined in Regulation S under the United States Securities Act) unless the securities are registered under the U.S. Securities Act, or an exemption from the registration requirements of the U.S. Securities Act is available. Hedging transactions involving the securities must not be conducted unless in accordance with the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in the state in the United States in which such offer, solicitation or sale would be unlawful.

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