E3 Lithium Announces Filing of NI 43-101 Technical Report for Updated Resource Estimate in the Garrington District
Suite 1520 – 300 5th Ave SW
Calgary, AB T2P 3C4
Tel: +1 (587) 324-2775
Email: [email protected]
Website: e3lithium.ca
E3 Lithium Announces Filing of NI 43-101 Technical Report
for Updated Resource Estimate in the Garrington District
Calgary, July 22, 2025 – E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), “E3 Lithium” or the
“Company,” a leader in Canadian lithium, is pleased to announce that it has filed a National Instrument 43-101
– Standards of Disclosure for Mineral Projects independent technical report for its Garrington District project
in central Alberta.
The Garrington Report titled "NI 43-101 Technical Report for the Garrington District Lithium Resource Estimate"
(the “Garrington Report”) is dat ed July 18, 202 5, has an effective date of June 25, 2025, and the mineral
resource estimate was previously disclosed by E3 Lithium in its June 25, 2025, press release titled "E3 Lithium
Outlines an Inaugural Measured and Indicated Mineral Resource Estimate of 5.0 Mt LCE for the Garrington
District”.
There are no material changes in the Garrington Report from the results disclosed in the Company's June 25,
2025, press release. The Garrington Report is available on the Company’s website (www.e3lithium.ca/technical-
reports/) and SEDAR+ (www.sedarplus.ca).
Qualified Persons
The disclosure in this news release of scientific and technical information pertaining to the Garrington Report
has been reviewed and approved by Meghan Klein, P.Eng., Head of Reservoir Engineering, Americas of Sproule
ERCE, and Alexey Romanov, PhD., P.Geo., Principal Geoscientist of Sproule ERCE. Both Ms. Klein, and Mr.
Romanov are “Qualified Person’s” as defined under NI 43-101– Standards of Disclosure for Mineral Projects.
Equity Awards Grant
As part of the Company’s 2025 compensation plan outlined March 7, 2025, the Board of Directors of the
Company approved, effective June 27, 2025 , the grant to Rob Knowles, VP Investor Relations , of 40,000
incentive stock options (the “Options”) exercisable to acquire up to 40,000 common shares of the Company.
The options are exercisable at price of $0.81 per share for a period of three years from the date of grant under
its omnibus equity incentive plan , with one half of the O ptions vest ing on each of the first and second
anniversaries of the date of grant.
ON BEHALF OF THE BOARD OF DIRECTORS
Chris Doornbos, President & CEO
E3 Lithium Ltd.
E3 Lithium - Investor Relations
Rob Knowles
Investor Relations
Suite 1520 – 300 5th Ave SW
Calgary, AB T2P 3C4
Tel: +1 (587) 324-2775
Email: [email protected]
Website: e3lithium.ca
587-324-2775
E3 Lithium - Media Inquiries
Kati Dolyniuk
External Relations
587-324-2775
About E3 Lithium
E3 Lithium is a development company with a total of 21.2 million tonnes of lithium carbonate equivalent (LCE) Measured
and Indicated 1 as well as 0.3 Mt LCE Inferred mineral resources2 in Alberta and 2.5 Mt LCE Inferred mineral resources3 in
Saskatchewan. The Clearwater Pre- Feasibility Study outlined a 1.13 Mt LCE proven and probable mineral reserve with a
pre-tax NPV8% of USD 5.2 Billion with a 29.2% IRR and an after-tax NPV8% of USD 3.7 Billion with a 24.6% IRR1.
1: The Clearwater Project NI 43-101 Pre-Feasibility Study, effective June 20, 2024, is available on the E3 Lithium website
(www.e3lithium.ca/technical-reports/) and SEDAR+ (www.sedarplus.ca).
2: The mineral resource NI 43-101 Technical Report for the Garrington District Lithium Resource Estimate , effective June
25, 2025, identified 5.0 Mt LCE (measured and indicated) and 0.3 Mt LCE (inferred) and is available on the E3 Lithium
website (www.e3lithium.ca/technical-reports/) and SEDAR+ (www.sedarplus.ca).
3: The mineral resource NI 43-101 Technical Report for the Estevan Lithium District, effective May 23, 2024, identified 2.5
Mt LCE (inferred) and is available on the E3 Lithium website (www.e3lithium.ca/technical-reports/) and SEDAR+
(www.sedarplus.ca).
Kevin Carroll, P. Eng., Chief Development Officer of E3 Lithium and a Qualified Person under National Instrument 43-101,
has reviewed and approved the technical information contained on this news release.
Forward-Looking and Cautionary Statements
This news release includes certain forward -looking statements as well as management’s objectives, strategies, beliefs
and intentions or forward- looking information within the meaning of applicable securities laws. Forward -looking
statements are frequently identified by such words as “believe”, “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”,
“intend”, “project”, “potential”, “possible”, “could” and similar words referring to future events and results. Forward-looking
statements are based on the cu rrent opinions, expectations, estimates and assumptions of management in light of its
experience, perception of historical trends, and results of the Garrington Report, but such statements are not guarantees
of future performance. In particular, this news release contains forward -looking information relating to: the mineral
resource estimate at the Garrington District; the potential for future development and inventory expansion of the
Clearwater Project and value creation; and the anticipated benefits of t he foregoing. In preparing the forward -looking
information in this news release, the Company has applied several material assumptions, including, but not limited to, that
activities relating to the Garrington District and the Company’s other projects will not be adversely disrupted or impeded
by regulatory, political, community, economic, environmental and/or healthy and safety risks; that the current price and
demand for lithium will be sustained or will impro ve; that general business and economic conditio ns will not change in a
Suite 1520 – 300 5th Ave SW
Calgary, AB T2P 3C4
Tel: +1 (587) 324-2775
Email: [email protected]
Website: e3lithium.ca
materially adverse manner and that all necessary governmental approvals for the planned activities on the Garrington
District will be obtained in a timely manner and on acceptable terms; the continuity of the price of lithium; that the results
of the mineral resource estimate will be delivered in a timely manner consistent with the Company’s projected timelines;
and that the results will be in line with management’s expectations.
All forward-looking information (including future-orientated financial information) is inherently uncertain and subject to a
variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development,
fluctuating commodity prices, the effectiveness and feasibility of emerging lithium extraction technologies which have
not yet been tested or proven on a commercial scale or on the Company’s brine, risks related to the availability of financing
on commercially reasonable terms and the expected use of proceeds; operations and contractual obligations; changes in
estimated mineral reserves or mineral resources; future prices of lithium and other metals; availability of third party
contractors; availability of equipment ; failure of equipment to operate as anticipated; accidents, effects of weather and
other natural phenomena and other risks associated with the mineral exploration industry; the Company’s lack of operating
revenues; currency fluctuations; risks related to dependence on key personnel; estimates used in financial statements
proving to be incorrect; risks related to the results of the testing program not being in delivered in a timely manner and/or
not being in line with management’s expectations; competitive risks and the availability of financing, as described in more
detail in our recent securities filings available under the Company’s profile on SEDAR+ (www.sedarplus.ca). Actual events
or results may differ materially from those projected in the forward -looking statements and we caution against placing
undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required
by applicable law.