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E3 Lithium Files 2023 Year End Financial Res ults

Financials

Suite 1520 – 300 5th Ave SW

Calgary, AB T2P 3C4

Tel: +1 (587) 324- 2775

Email: [email protected]

Website: e3lithium.ca

E3 Lithium Files 2023 Year End Financial Res ults

CALGARY, ALBERTA, April 26, 2024 – E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), “E3

Lithium” or the “Company,” a leader in Canadian lithium, today filed its Consolidated Financial Statements

for the year ended December 31, 2023 and the accompanying Management’s Discussion and Analysis

(“MD&A) on its SEDAR+ profile at www.sedarplus.ca. The financial statements and MD&A will also be

available on E3 Lithium’s website at www.e3lithium.ca.

ON BEHALF OF THE BOARD OF DIRECTORS

Chris Doornbos , President & CEO

E3 Lithium Ltd.

E3 Lithium - Investor and Media Relations

Robin Boschman

Director, Investor Relations and Corporate Communications

[email protected]

587-324-2775

About E3 Lithium

E3 Lithium is a development company with a total of 16.0 million tonnes of lithium carbonate equivalent

(LCE) Measured and Indicated and 0.9 million tonnes LCE Inferred mineral resources1 in Alberta. As

outlined in E3’s Preliminary Economic Assessment, the Clearwater Lithium Project has an NPV8% of USD

1.1 Billion with a 32% IRR pre-tax and USD 820 Million with a 27% IRR after-tax1. E3 Lithium’s goal is to

produce high purity, battery grade lithium products to power the growing electrical revolution. 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.

1: The Preliminary Economic Assessment (PEA) for the Clearwater Lithium Project NI 43-101 technical

report is amended Sept 17, 2021. Gordon MacMillan, P.Geol, QP, Fluid Domains Inc. and Grahame Binks,

MAusIMM, QP (Metallurgy), formerly of Sedgman Canada Limited (Report Date: June 15, 2018, Effective

Date: June 4, 2018 Amended Date: September 17, 2021). The mineral resource NI 43-101 Technical Report

for the North Rocky Property, effective October 27, 2017, identified 0.9Mt LCE (inferred). The mineral

resource NI 43-101 Technical Report for the Bashaw District Project, effective March 21, 2023, identified

16.0Mt LCE (measured & indicated). All reports are available on the E3 Lithium’s website

(e3lithium.ca/technical-reports) and SEDAR+ (www.sedarplus.ca).

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

Suite 1520 – 300 5th Ave SW

Calgary, AB T2P 3C4

Tel: +1 (587) 324- 2775

Email: [email protected]

Website: e3lithium.ca

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.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.

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.