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ETL.V ·

E3 Lithium Commences Trading Under New Symbol “ETL”

Listings & Exchange

E3 Lithium Commences Trading Under New Symbol “ETL”

CALGARY, ALBERTA, July 8, 2022 – E3 LITHIUM LTD. (TSXV: ETL) (FSE: OU7A) (OTCQX: EEMMF) (the

"Company"), Alberta’s leading lithium developer and Direct Lithium Extraction (DLE) technology innovator, is pleased

to announce that it started trading under its new name and ticker symbol “ETL” effective upon market open today.

The Company’s common shares trade on the TSX Venture Exchange under the name and under the new trading symbol.

The Company’s common shares will continue trading on Frankfurt Stock Exchange under the same trading symbol

“OU7A” and on the OTCQX under the same trading symbol “EEMMF”.

For more information, contact:

E3 Lithium - Investor and Media Relations

Robin Boschman

403-612-9498

[email protected]

About E3 Lithium

E3 Lithium is a development company with 7.0 million tonnes of lithium carbonate equivalent (LCE) inferred mineral

resources1 in Alberta and an NPV8% on its Clearwater Lithium Project of USD 1.1 Billion with a 32% IRR pre-tax and

USD 820 Million with a 27% IRR after-tax 1. Through the successful scale up its DLE technology towards

commercialization, E3 Lithium’s goal is to produce high purity, battery grade lithium products. With a significant lithium

resource and innovative technology solutions, E3 Lithium has the potential to deliver lithium to market from one of the

best jurisdictions in the world.

ON BEHALF OF THE BOARD OF DIRECTORS

Chris Doornbos, President & CEO

E3 Lithium

1: The Preliminary Economic Assessment (PEA) of the Clearwater Lithium Project NI 43-101 technical report is effective Dec 21, 2020. E3 Lithium has also released three

NI 43-101 Technical Reports providing a total resource of 7.0Mt LCE. The Clearwater Lithium Project PEA resource estimate, identifying 2.2Mt LCE (inferred) effective

December 21, 2020; the North Rocky Resource Area (NRRA) Technical Report effective October 27, 2017 identifying 0.9Mt LCE (inferred); and the Exshaw West Resource

Area (EWRA) identifying 3.9Mt LCE (inferred) dated June 4, 2018. All reports are available on the Company’s website (e3lithium.ca/technical-reports) and SEDAR

(www.sedar.com)

Forward-Looking and Cautionary Statements

This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and

intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”,

“anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are

based on the current opinions and expectations of management. All forward-looking 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, competitive

risks and the availability of financing, as described in more detail in our recent securities filings available at

www.sedar.com. 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Suite 1520 – 300 5th Ave SW

Calgary, AB T2P 3C4

Tel: +1 (587) 324-2775

Email: [email protected]

Website: e3lithium.ca