American Lithium Raises $4,502,600 IN Private Placement

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

americanlithiumcorp.com 

TSXv

OTCQB

FRANKFURT

│ Li

│ LiACF

│ 5LA

AMERICAN LITHIUM RAISES $4,502,600 IN PRIVATE PLACEMENT

Vancouver, B.C., September 20, 2018 – American Lithium Corp. (T S X V : L I ) ( O T C Q B :

LIACF)(Frankfurt: 5LA; WKN: A2AHEL) (“American Lithium” or the “Company”) is pleased to

announce the closing of its previously announced private placement.

The Private Placement consisted of the issuance of 11,256,500 units (each, a “Unit”) at a price of $0.40 per

Unit for gross proceeds of $4,502,600. Each “Unit” consists of one common share of the Company and

one-half common share purchase warrant. Each warrant entitles the holder to purchase one common share

of the Company at a price of $0.75 per share for a period of 24 months from the closing date.

Finders’ fees of 7% cash and 7% warrants were paid in connectio n with completion of the placement to

parties who assisted with the introduction of subscribers to the offering. All securities issued in connection

with the placement are subject to a four-month-and-one-day statutory hold period.

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-look ing information are subject to various risks and

uncertainties concerning the specific factors disclosed here. Informa tion 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 percep tion of historical trends, current conditions and

expected future developments, as well as other fa ctors 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 d iffer 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 des cribed under the heading “Risks Factors” in American

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

americanlithiumcorp.com 

TSXv

OTCQB

FRANKFURT

│ Li

│ LiACF

│5LA

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, except as required by

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