Edison Lithium Receives Initial Deposit for Sale of Interest in Argentinian Lithium Properties

Edison Lithium Receives Initial Deposit for Sale of Interest

in Argentinian Lithium Properties

Vancouver, British Columbia, January 2, 2025 – Edison Lithium Corp. (TSXV: EDDY, OTCQB: EDDYF;

FSE: VV0) (“Edison” or the “Company”) is pleased to announce that, further to its news releases of November

18, 2024, and November 29, 2024 , and the proposed disposition of the Company’s Argentina subsidiary,

Resource Ventures S.A. (“ReVe”), as contemplated by the non-binding purchase offer letter, effective November

12, 2024, from Mava Gasoil LLC (“Mava”) for USD$3,500,000 disclosed therein, the Company has received

the initial USD$100,000 deposit from Mava.

The sale terms include Mava paying the Company this initial USD$100,000 deposit, with further payments of

USD$3,200,000, USD$100,000 and USD$100,000 payable by Mava to the Company and the two other

shareholders of ReVe, respectively, on closing. Edison has already received conditional acceptance of the

proposed disposition from the TSX Venture Exchange (“TSXV”).

Completion of the disposition remains subject to, amongst other things, final documentation, the negotiation and

execution of a definitive agreement, final acceptance from the TSXV, and receipt of the balance of the purchase

price by the Company. The transaction is expected to complete in the latter half of February 2025.

About Edison Lithium Corp.

Edison Lithium Corp. is a Canadian -based junior mining exploration company focused on the procurement,

exploration and development of cobalt, lithium, alkali and other energy metal properties. The Company’s

acquisition strategy is based on acquiring affordable, cost-effective, and highly regarded mineral properties in

areas with proven geological potential. Edison is building a portfolio of quality assets capable of supplying critical

materials to the battery industry and intends to capitalize on and have its shareholders benefit from the renewed

interest in the battery metals space.

On behalf of the Board of Directors:

“Nathan Rotstein”

Nathan Rotstein

Chief Executive Officer and Director

For more information please contact:

Tel: 416-526-3217

Email: [email protected]

Website: www.edisonlithium.com

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.

Forward-Looking Disclaimer: This news release contains certain forward -looking statements. Statements

that are not historical facts, including statements about Edison’s beliefs and expectations, are forward- looking

statements. Forward-looking statements involve inherent risks and un certainties and a number of factors

could cause actual results to differ materially from those contained in any forward-looking statement. In some

cases, forward-looking statements can be identified by words or phrases such as “ may,” “will,” “will be”,

“expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,”,

“proposes”, “contemplates”, “is/are likely to” or other similar expressions. All information provided in this

news release is as of the date of this news, and the Company undertakes no duty to update such information,

except as required under applicable law.

Forward-looking statements in this press release relate to, among other things: the negotiation and execution

of the definitive agreement, the receipt of final TSXV approval for the disposition, the closing of the

transaction, and the receipt of the purchase price. Actual future results may differ materially. 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. Forward-looking statements reflect the beliefs, opinions

and projections of management on the date the statements are made and are bas ed upon a number of

assumptions and estimates that, while considered reasonable by the respective parties, 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 and the parties have made assumptions and estimates based on or related to many

of these factors. Such factors include, without limitation: determination of acceptable terms for the proposed

definitive agreement, receipt of final TSXV approval required for the disposition, and receipt of the purchase

price. Readers should not place undue reliance on the forward-looking statements and information contained

in this news release concerning these times. Except as required by law, the Company does not assume any

obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should

they change, except as required by law.