Nova Lithium Extends Warrant Expiration Date

Vancouver, BC – January 24, 2024 – Nova Lithium Corp. (“Nova” or the “Company”) (CSE: NVLI) (OTC Pink: NVLIF) announces that it has amended the expiry date of an aggregate of 10,000,000 share purchase warrants that were scheduled to expire on March 9, 2024 for a further two (2) years, until March 9, 2026. Each warrant was originally issued in a unit private placement that closed on March 9, 2021, and is exercisable into one common share of the Company at a price of $0.10 per share.

The Company is not planning to deliver replacement warrant certificates to the holders of the warrants, with the original certificates remaining valid until the amended expiry date.

About Nova Lithium Corp.

Nova Lithium Corp. is a Canadian junior mining company focused on the global transition from fossil fuels to green energy solutions powered by lithium-based batteries. The Company’s mission is to become a leader in exploration and development of critical materials through responsible mining practices.

The Company currently owns a 100% interest in 190 mineral claims located in southern Clayton Valley, Nevada, USA, known as the Deer Musk West project, and holds the option to purchase a 51% interest in 1,243 mineral claims covering approximately 22,200 acres in Churchill County, Nevada, known as the Edwards Creek Valley project.

For further information, please contact:

Malcolm Bell, CEO T: 778.868.2226 E: [email protected]

Forward-Looking Statements

This news release may contain “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include, but is not limited to, statements with respect to the future price of metals, historical estimates of mineralization, capital expenditures, the success of exploration activities, permitting timelines, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims, limitations on insurance coverage, the completion of regulatory approvals, and risks arising from the novel coronavirus. In certain cases, forward-looking information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”.

Any forward-looking information in this news release is based on a number of material factors and assumptions, including, but not limited to, those disclosed in Nova’s public filings. While the Company consider these factors and assumptions to be reasonable based on information currently available to them, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons. Forward-looking information is based upon management’s beliefs, estimates and opinions on the date the statements are made and, other than as required by law, the Company does not intend, and

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undertakes no obligation, to update any forward-looking information to reflect, among other things, new information or future events

The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced herein and has neither approved nor disapproved the contents of this news release.