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American Lithium Announces 6TH Place Ranking IN the Mining Sector ON the TSXV 2019 Venture 50

Corporate Updates

American Lithium Corp. Suite 1507-1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3

americanlithiumcorp.com

TSXv

OTCQB

FRANKFURT

│ Li

│ LiACF

│ 5LA

AMERICAN LITHIUM ANNOUNCES 6TH PLACE RANKING IN THE MINING SECTOR

ON THE TSXV 2019 VENTURE 50

Vancouver, BC, March 6, 2019 – American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt: 5LA; )

(“American Lithium” or the “Company”) a leading acquisition, exploration and development operator is

pleased to report that it has achieved the ranking of sixth in the mining sector on the 2019 Venture 50 of

the TSX Venture Exchange.

The Venture 50 is a list of the top 10 companies listed on TSX -V in each of five major industry sectors -

energy and energy services, clean technology and life sciences, mining, diversified industries and

technology -- based on a ranking formula with equal weighting given to market cap growth, trading

volume amount and share price appreciation. All data were as of Dec. 31, 2018.

Mike Kobler, American Lithium’s president and chief executive officer, commente d: "We are extremely

proud of American Lithium's achievements during the past year and that the TSX Venture Exchange has

now recognized the same by inclusion of the Company in its Venture 50. We are very thankful of the

incredible efforts put forward by the company's management, employees and contractors in having made

this happen, and we are very excited by what the future holds for our Company and its shareholders."

About American Lithium Corp.

American Lithium is actively engaged in the acquisition, exploration and development of lithium deposits

within mining-friendly jurisdictions throughout the Americas. The Company is currently exploring and

developing two projects, the FLV and TLC Projects, in the highly prospective Esmeralda Lithium District in

Nevada. These projects, within 48 km (30 miles) of each other, are close to infrastructure, 3.5 hours south

of the Tesla Gigafactory, and in the same basinal environment as Albemarle’s Silver Peak Li thium Mine,

and the advancing deposits and resources including Ioneer Inc.’s (formerly Global Geosciences) Rhyolite

Ridge and Cypress Development Corp’s Clayton Valley Project.

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

at www.americanlithiumcorp.com. Follow us on Facebook, Twitter and LinkedIn.

On behalf of the Board,

American Lithium Corp.

Michael Kobler, Chief Executive Officer

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

responsibility for the adequacy or accuracy of this release.

Forward-looking statements

Statements in this release that are for ward-looking information are subject to various risks and uncertainties concerning the specific factors

disclosed here. Information provided in this release is necessarily summarized and may not contain all available material in formation. All such

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American Lithium Corp. Suite 1507-1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3

americanlithiumcorp.com

forward-looking information and statements are based on certain assumptions and analyses made by American Lithium management in light of

their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management

believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertaintie s and other factors

that could cause actual events or results to differ materially from those projected in the fo rward-looking information or statements. Important

factors that could cause actual results to differ from these forward-looking statements include those described under the heading “Risks Factors”

in American Lithium's most recently filed MD&A. The Compa ny does not intend, and expressly disclaims any obligation to, update or revise the

forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reli ance on

forward-looking information or statements.