Frontier Lithium Announces Appointment of Chief Financial Officer

FRONTIER LITHIUM ANNOUNCES

APPOINTMENT OF CHIEF FINANCIAL

OFFICER

SUDBURY, ON

,

Aug. 2, 2023

/CNW/ - Frontier Lithium Inc. (TSXV: FL) (FRA: HL2) (OTCQX:

LITOF) (the "Company" or "Frontier"),

Ontario's

leading lithium developer, is pleased to announce

the appointment of Mr.

Erick Underwood

as its new Chief Financial Officer. Mr. Underwood will

assume his role today, bringing with him over 25 years of extensive experience in the finance and

project development sectors within the mining industry.

"We are delighted to welcome Erick to the Frontier's executive team," said

Trevor Walker

, President

and CEO of Frontier Lithium. "His extensive experience and proven leadership in the mining industry

make him the perfect fit for this role. We believe Erick's expertise will play a crucial role in our

pursuit of sustainable lithium mining and will be instrumental in driving the company's financial and

operational excellence."

Mr. Underwood is a highly accomplished executive with a strong track record of success in major

projects and assets, having held key positions at esteemed companies such as Chesapeake Gold

Corp, Cia. Minera Zafranal (Teck Resources Ltd.), AQM Copper Inc, and BHP Billiton.

"I am thrilled to join Frontier Lithium, a Canadian champion that is developing a significant resource in

the transformative lithium mining industry," said

Erick Underwood

. "I am motivated by the company's

strong financial performance and strategic positioning in the market. I look forward to contributing to

Frontier Lithium's continued growth and success while optimizing operational efficiencies and

maximizing shareholder value."

Throughout his career, Erick has been a trusted partner to senior technical and operational decision-

makers, providing invaluable advice in asset development and operations. He possesses an

exceptional skill set, encompassing financial and managerial reporting, strategic planning, change

management, and economic valuations. Moreover, his expertise in governance and internal controls

has led to the successful completion of various significant projects and milestones. Mr. Underwood

holds a Bachelor of Commerce from

McGill University

, a Master of Business Administration from the

Rotman School of Management at the

University of Toronto

, and the CPA, CMA designation.

Other Matters

The Company also announces that pursuant to its "Stock Option Plan" it has granted 750,000 stock

options, to certain employees, officers, directors, and strategic advisors. The options are set for a

period of five years, expiring on

August 3, 2028

. The options are priced at

$1.80

and are subject to

regulatory approval.

About Frontier Lithium

Frontier Lithium (TSX-V: FL) (FRA: HL2) (OTCQX: LITOF) is a preproduction business with an

objective to become an integrated strategic domestic supplier of spodumene concentrates for

industrial users as well as battery-grade lithium hydroxide and other chemicals to the growing

electric vehicle and energy storage markets in

North America

. The Company's sole project maintains

the largest land position and resource in a premium lithium mineral district located in

Ontario's

Great

Lakes region.

About the PAK Lithium Project

The PAK lithium project contains

North America's

highest-grade lithium resource and is the second

largest in

North America

by size. The project encompasses close to 27,000 hectares and remains

largely unexplored; however, since 2013, the company has delineated two premium spodumene-

bearing lithium deposits (PAK and Spark), located 2.3 kilometres apart. Exploration is continuing on

the project through two other spodumene- bearing discoveries: the Bolt pegmatite (located between

the PAK and Spark deposits), as well as the Pennock pegmatite (25 kilometres northwest of PAK

deposit within the project claims). A 2023 Pre-Feasbility Study "National Instrument 43-101

Technical Report PFS PAK Lithium Project" by BBA E&C Inc., delivered a 24- year project life,

delivering a post-tax NPV(8) of

US$1.74 billion

and IRR of 24.1% as per the press release

disseminated on

May 31, 2023

, and was filed on Sedar.com.

Forward-looking statements

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 news release. This news release includes certain statements that may be deemed "forward-

looking statements". All statements in this release, other than statements of historical fact constitute

forward-looking statements. Forward looking statements contained in this news release include, but

are not limited to, statements with respect to: estimated mineral resources, estimated capital costs

to construct mine facilities, estimated operating costs, the duration of payback periods, estimated

amounts of future production, estimated cash flows, net present value (NPV) , and statements that

address future production, reserve potential, exploration drilling, exploitation activities and events or

developments that the Company expects.

Although the Company believes the expectations expressed in such forward-looking statements are

based on reasonable assumptions, such statements are not guarantees of future performance and

actual results may differ materially from those expressed in the forward-looking statements.

Forward-looking statements involve inherent risks and uncertainties. Risk factors that could cause

actual results to differ materially from those in forward looking statements include: market prices for

commodities, increases in capital or operating costs, construction risks, availability of infrastructure

including roads, regulatory and permitting risks, exploitation and exploration successes, continued

availability of capital and financing, financing costs, and general economic, market or business

conditions. Investors are cautioned that any such statements are not guarantees of future

performance and those actual results or developments may differ materially from those projected in

the forward-looking statements. For more information on the Company, Investors should review the

Company's registered filings available at sedar.com.

SOURCE

Frontier Lithium Inc.

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For further information:

Bora Ugurgel, Senior Manager, Investor Relations, 2736 Belisle Drive Val

Caron, ON. P3N 1B3 CANADA, T. +001 705.897.7622, F. +001 705.897.7618

CO: Frontier Lithium Inc.

CNW 07:30e 02-AUG-23