Edison Lithium Provides Clarifying Disclosure Regarding Option FOR Joutel North-WEST and Gagne GOLD Properties from Globex
EDISON LITHIUM PROVIDES CLARIFYING DISCLOSURE REGARDING OPTION
FOR JOUTEL NORTH-WEST AND GAGNE GOLD PROPERTIES FROM GLOBEX
Vancouver, British Columbia, March 30, 2026 – Edison Lithium Corp. (TSXV: EDDY, OTC PINK:
EDDYF; FWB: VV0) (“Edison” or the “ Company”) wishes to clarify certain disclosure contained in its
news release dated March 2, 2026 regarding its property option agreement (the " Agreement"), effective
February 27, 2026, with Globex Mining Enterprises Inc. (" Globex") on Globex gold properties, to earn a
100% interest in and to the Joutel North -West gold and Gagne gold and copper properties (together, the
"Properties"), subject to a 3% Gross Metal Royalty (" GMR") on the Properties retai ned by Globex (the
"Transaction").
The Company confirms that the deemed price of the common shares issuable pursuant to the Transaction
will be no less than $0.12 per share, being the discounted market price in accordance with the policies of
the TSX Venture Exchange.
The Company further confirms that no finder's fees are payable in connection with the Transaction.
The Joutel North-West gold property consists of 46 mineral claims, and the Gagne gold and copper property
consists of 24 mineral claims. The Properties are subject to a 3% gross metals royalty in favour of Globex
Mining Enterprises Inc., as previously disc losed. The Company confirms that there are no other existing
net smelter return royalties or other encumbrances affecting the Properties.
The Company also wishes to advise that it has entered into an amendment to the Agreement with respect to
Section 2.2(b)(i), whereby the requirement to issue shares within 30 days of the Agreement has been
removed. Pursuant to the amendment, the Company wil l issue $150,000 worth of common shares at a
deemed price of $0.12 per share, representing 1,250,000 common shares, upon acceptance of the
Transaction by the TSX Venture Exchange.
The Company has further established a shortlist of qualified geological consultants to conduct a site visit
and prepare a technical report on the Properties in compliance with National Instrument 43-101 - Standards
of Disclosure for Mineral Projects.
All other information disclosed in the Company's news release dated March 2, 2026 remains unchanged.
The Transaction remains subject to the acceptance of the TSX Venture Exchange.
Qualified Person
The scientific and technical content of this news release has been reviewed and approved by Roger Dahn,
P.Geo., Director of the Company and a Qualified Person as defined by National Instrument 43 -101
Standards of Disclosure for Mineral Projects.
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:
A. Paul Gill
Chief Executive and Director
Tel: 416-526-3217
Email: [email protected]
Website: www.edisonlithium.com
Neither the 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 Statements Caution: This news release contains “forward -looking information” and
“forward-looking statements” within the meaning of applicable Canadian securities legislation
(collectively, “forward -looking statements”). Forward -looking statements are generally identifiable b y
words such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “forecast”, “intend”, “may”, “plan”,
“potential”, “propose”, “schedule”, “should”, “target”, “will” and similar expressions, or by statements that
events or conditions “may”, “will” or “would” occur.
Forward-looking statements in this news release include, but are not limited to, statements regarding: the
Company’s ability to satisfy the terms, conditions and obligations under the Agreement; the anticipated
timing and ability of the Company to make any required cash payments, share issuances and/or incur or
fund exploration expenditures in order to acquire the Properties; the ability of the Company to obtain all
necessary approvals (including the acceptance of the Agreement by the Exchange); the expecte d
exploration, work program and/or development plans on the Properties, including the scope and timing and
results thereof; the ability to secure access to the property, permits and authorizations; and the Company’s
ability to raise additional capital to fund exploration and satisfy obligations under the Agreement.
Forward-looking statements are based on management’s reasonable assumptions, estimates, expectations
and opinions as of the date of this news release. Such assumptions include, without limitation: that the
parties will be able to perform their respective o bligations under the Agreement in a timely manner; that
the Company will be able to obtain all required approvals and maintain good standing under the Agreement;
that exploration and related activities can be planned and carried out as anticipated; that re quired permits,
authorizations and access can be obtained on terms and timelines acceptable to the Company; that
commodity prices, foreign exchange rates, general economic conditions , and capital markets will be
supportive of the Company’s plans; that the Company will be able to obtain financing when required on
reasonable terms; and that no material adverse changes will occur with respect to the Company’s business,
assets or the Properties.
The forward-looking statements in this news release also reflect the Company’s current understanding of
the Properties based on information available to it as of the date hereof. The property is at an early stage of
exploration and, until exploration work is completed and results are analyzed and verified, the Company
cannot confirm the merits of the Properties, including whether the property hosts mineralization of interest.
Any references in this news release to the property’s “potential”, “prospectivity” or “exploration upside”
are inherently speculative and based on incomplete information and assumptions that may prove incorrect.
The presence of past-producing mines and deposits in the area is not necessarily indicative of mineralization
on the Properties. The referenced mines and deposits are not on the Properties, and their historic production
do not imply that similar mineralization occurs on the Properties or that exploration will be successful.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that
may cause actual results, performance or achievements to differ materially from those expressed or implied
by such forward-looking statements. These risks and uncertainties include, but are not limited to: the risk
that the Company may not satisfy the conditions to, or may otherwise be unable to, acquire the Properties
under the Agreement; the risk of termination of the Agreement; the risk that required Exchange approval
may not be obtained; risks inherent in the exploration and development of mineral properties, including
risks related to geology, sampling and assay variability, interpretation of exploration results, and the
possibility that exploration r esults may not support further work; the speculative nature of mineral
exploration and development; the risk that the merits of the property may not be realized; the availability
of financing and changes in general economic and capital market conditions; f luctuations in commodity
prices and exchange rates; changes in laws, regulations and policies, including permitting and
environmental requirements; operational and logistical risks (including equipment availability, contractor
performance, accidents, weath er, wildfires, flooding and other natural events); title matters, including
defects in title, competing claims, or the inability to obtain or maintain necessary rights of access; and other
risks and uncertainties described in the Company’s continuous discl osure filings available under the
Company’s profile on SEDAR+ at www.sedarplus.ca.
Although the Company believes that the forward -looking statements contained in this news release are
reasonable as of the date hereof, there can be no assurance that they will prove to be accurate, and actual
results and future events could differ material ly from those anticipated in such statements. Readers are
cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to
update or revise any forward-looking statements, except as required by applicable securities laws.