Menika Changes Name to American Lithium

AMERICAN LITHIUM CORP.

Suite 313, 515 West Pender Street Vancouver, British Columbia V6B 6H5

NEWS RELEASE

MENIKA CHANGES NAME TO AMERICAN LITHIUM

April 18, 2016 – Vancouver, British Columbia – American Lithium Corp. (the “Company”) (TSXV: LI) is pleased to announce that it has changed its name from “Menika Mining Ltd.” to “American Lithium Corp.” Trading will commence under the new name effective at the open of markets on April 18, 2016, under the symbol “LI”.

For further information, contact Michael Kobler at [email protected].

On behalf of the Board,

American Lithium Corp.

Michael Kobler, Chief Executive Officer

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 may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.