LI.V · 2026-05-26 12:00:00

American Lithium Accepted into U.S. Defense Industrial Base Consortium

Partnerships & JV

VANCOUVER, BRITISH COLUMBIA, May 26, 2026 – American Lithium Corp. (“American Lithium” or the

“Company”) (TSX-V:LI | OTCQX:AMLIF | Frankfurt:5LA1) is pleased to announce that it has been accepted

as a member of the Defense Industrial Base Consortium (“DIBC”), a U.S. Department of Defen se

collaborative initiative established to strengthen the United States’ defence industrial base and critical

minerals supply chains.

The DIBC brings together organizations across industry and government to accelerate the development

and secure supply of critical minerals and technologies essential to defense and strategic infrastructure.

As a member, American Lithium will have the ability to participate in consortium -led programs, receive

potential funding opportunities, and engage in federally supported initiatives related to critical materials,

resource development, and downstream processing capabilities aligned with U.S. strategic priorities.

American Lithium’s inclusion into DIBC reflects the strategic importance of the Company’s U.S.-based

lithium development efforts, particularly its TLC Lithium Project in Nevada, which is positioned to support

domestic supply chain strength. As demand for critical minerals continues to grow across defense, energy

storage, and advanced technology applications, participation in the consortium provides t he Company

with a platform to engage in collaborative initiatives aligned with U.S. national priorities.

“Joining the DIBC represents an important milestone for American Lithium as we continue advancing our

role in the domestic critical minerals supply chain,” stated Alex Tsakumis, Chief Executive Officer . “Our

large-scale projects in the Americas have the potential to provide meaningful contribution to U .S.

domestic critical minerals supply. Participation in the DIBC provides an opportunity to contribute to

initiatives that support long-term supply security while engaging with key stakeholders across the defense

and industrial sectors.”

About American Lithium

American Lithium is developing two of the world’s largest, advanced -stage lithium projects, along with

the largest undeveloped uranium project in Latin America. They include the TLC claystone lithium project

in Nevada and the Falchani hard -rock lithium pro ject in southern Peru, which also hosts a globally

significant cesium resource, as well as the Macusani uranium located in the same region. All three projects

have completed robust preliminary economic assessments, exhibit significant expansion potential a nd

enjoy strong community support.

For more information, please contact the Company at [email protected] or visit our website

at www.americanlithiumcorp.com.

On behalf of the Board of Directors of American Lithium Corp.

“Alex Tsakumis”

Chief Executive Officer

Tel: 604 428 6128

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 press

release.

Cautionary Statement Regarding Forward Looking Information

This news release contains certain forward -looking information and forward -looking statements

(collectively “forward -looking statements”) within the meaning of applicable securities legislation. All

statements, other than statements of historical fact, are forward-looking statements. Forward -looking

statements in this news release include, but are not limited to, statements regarding the business plans,

expectations and objectives of American Lithium. Forward-looking statements are frequently identified by

such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend", “indicate”, “scheduled”,

“target”, “goal”, “potential”, “subject”, “efforts”, “option” and similar words, or the negative connotations

thereof, referring to future events an d results. Forward -looking statements are based on the current

opinions and expectations of management and are not, and cannot be, a guarantee of future results or

events. Although American Lithium believes that the current opinions and expectations reflec ted in such

forward-looking statements are reasonable based on information available at the time, undue reliance

should not be placed on forward-looking statements since American Lithium can provide no assurance that

such opinions and expectations will pro ve to be correct. All forward -looking statements are inherently

uncertain and subject to a variety of assumptions, risks and uncertainties, including risks, uncertainties

and assumptions related to: American Lithium’s ability to achieve its stated goals;, which could have a

material adverse impact on many aspects of American Lithium’s businesses including but not limited to:

the ability to access mineral properties for indeterminate amounts of time, the health of the employees or

consultants resulting in de lays or diminished capacity, social or political instability in Peru which in turn

could impact American Lithium’s ability to maintain the continuity of its business operating requirements,

may result in the reduced availability or failures of various local administration and critical infrastructure,

reduced demand for the American Lithium’s potential products, availability of materials, global travel

restrictions, and the availability of insurance and the associated costs; the ongoing ability to work

cooperatively with stakeholders, including but not limited to local communities and all levels of

government; the potential for delays in exploration or development activities; the interpretation of drill

results, the geology, grade and continuity of mineral deposits; the possibility that any future exploration,

development or mining results will not be consistent with our expectations; risks that permits will not be

obtained as planned or delays in obtaining permits; mining and development risks, including risks related

to accidents, equipment breakdowns, labour disputes (including work stoppages, strikes and loss of

personnel) or other unanticipated difficulties with or interruptions in exploration and development; risks

related to commodity price and foreign exchange rate fluctuations; risks related to foreign operations; the

cyclical nature of the industry in which American Lithium operates; risks related to failure to obtain

adequate financing on a timely basis and on acceptable terms or delays in obtaining g overnmental

approvals; risks related to environmental regulation and liability; political and regulatory risks associated

with mining and exploration; risks related to the uncertain global economic environment and the effects

upon the global market general ly, any of which could continue to negatively affect global financial

markets, including the trading price of American Lithium’s shares and could negatively affect American

Lithium’s ability to raise capital and may also result in additional and unknown ri sks or liabilities to

American Lithium. Other risks and uncertainties related to prospects, properties and business strategy of

American Lithium are identified in the “Risk Factors” section of American Lithium’s Management’s

Discussion and Analysis filed on January 28, 2026 and in recent securities filings available at

www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward -

looking statements. American Lithium undertakes no obligation to update forward -looking statements

except as required by applicable securities laws. Investors should not place undue reliance on forward -

looking statements.

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