Global Li-Ion Announces Non-Brokered $0.025 Units Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

908 – 510 Burrard Street Vancouver, B.C. V6C 3A8

GLOBAL LI-ION GRAPHITE ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

LION: CSE GBBGF: OTCQB 0TD: F

Vancouver, BC – October 4, 2024, Global Li-Ion Graphite Corp. ("Global Li-Ion" or the “Company”) (LION) is pleased to announce a non-brokered private placement of up to 10,000,000 units of the Company (each, a “Unit”) at a price of $0.025 per Unit for aggregate proceeds of up to $250,000 (the “Offering”). Each Unit will consist of one (1) common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one (1) additional Common Share at an exercise price of $0.10 for a period of 12 months following the closing of the Offering. Closing of the Offering is expected to occur on or about October 11, 2024.

The Company intends to utilize the net proceeds of the Private Placement for general working capital purposes. The Company does not anticipate paying any finder’s fees related to the Offering.

All securities issued pursuant to the Offering will be subject to a statutory hold period of four (4) months and one day from issuance.

The securities to be issued pursuant to the Offering have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

For further information on the Company, please contact:

Jason Walsh Global Li-Ion Graphite Corp.

Telephone 604.608.6314 Email: [email protected]

Neither the Canadian Securities Exchange nor its regulation services provider have reviewed or accept responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements

This press release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. All statements, other than statements of historical fact, included herein including, without limitation, statements with respect to the anticipated use of the proceeds from the Offering and the anticipated closing date of the Offering, are forward-looking statements. Although the Company believes that the expectations and assumptions on which the forwardlooking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forwardlooking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks discussed in the Company's Management's Discussion and Analysis under the Company's profile on www.sedarplus.ca. While the Company may elect to, it does not undertake to update this information at any particular time.

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