American Lithium Grants Stock Options

American Lithium Corp. Suite 3403-1011 West Cordova Street, Vancouver, British Columbia, V6C 0B2

americanlithiumcorp.com

TSXv

OTCQB

FRANKFURT

│ Li

│ LiACF

│ 5LA

AMERICAN LITHIUM GRANTS STOCK OPTIONS

Vancouver, B.C., June 26, 2018 – American Lithium Corp. (TSX V: LI) (OTCQB: LIACF)(Frankfurt: 5LA;

WKN: A 2AHEL) (“American Lithium” or the “Company”) announces the granting, subject to regulatory

acceptance, of 1,200,000 incentive stock options to certain officers, directors, consultants and employees

of the Company (the “Options”). The Options have a term of 5 years and are exercisable at a price of

$0.35 per common share.

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

at www.americanlithiumcorp.com.

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

Forward-looking statements

Statements in this release that are forward -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 information. All such 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 uncertainties and other

factors that could cause actual events or results to differ materially from those projected in the forward -

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 Company does not intend, and expressly disclaims any

obligation to, update or revise the forward -looking information contained in this news release, exce pt as

required by law. Readers are cautioned not to place undue reliance on forward -looking information or

statements.