American Lithium Reports Voting Results at its Annual General and Special Meeting of Shareholders

American Lithium Reports Voting Results at its Annual General and Special

Meeting of Shareholders

VANCOUVER, BRITISH COLUMBIA, August 22, 2022 – American Lithium Corp. (“American Lithium” or the

“Company”) (TSX-V:LI | OTCQB: LIACF | Frankfurt:5LA1) is pleased to report the voting results for the

election of its Board of Directors, which took place at the Company’s Annual and Special Meeting of

Shareholders (“AGM”) held today in Vancouver , British Columbia . All nominees, as set forth in the

Company’s Management Information Circular dated July 15, 2022 (“Circular”), were elected as directors

of American Lithium at the AGM.

Detailed results of the votes are set out below:

Nominee Votes For % For Votes Withheld % Withheld

Andrew Bowering 19,317,356 97.78 430,053 2.22

Simon Clarke 19,216,861 97.27 538,548 2.73

Laurence Stefan 19,194,726 97.16 560,683 2.84

Ben Binninger 19,311,124 97.75 444,285 2.25

Alex Tsakumis 19,308,185 97.74 447,224 2.64

Claudia Tornquist 19,191,682 97.15 563,727 2.85

At the AGM, shareholders also approved: (1) the appointment of Ernst & Young LLP as auditor of the

Company for the ensuing year and authorizing the Board of Directors to fix the remuneration of the

auditor; (2) the adoption of a new omnibus incentive plan (the “Compensation Plan”), as more particularly

described in the accompanying Inform ation Circular; and (3) ratification of the grant of an aggregate of

3,125,000 restricted share units previously issued by the Company in accordance with the Compensation

Plan.

For further information regarding the matters considered at the AGM readers are encouraged to review

the Circular, a copy of which is available under the profile for the Company on SEDAR (www.sedar.com).

About American Lithium

American Lithium, a member of the TSX Venture 50, is actively engaged in the acquisition, exploration and

development of lithium projects within mining -friendly jurisdictions throughout the Americas. The

Company is currently focused on enabling the shift to the new energy paradigm through the continued

exploration and development of its strategically located TLC lithium claystone project in the richly

mineralized Esmeralda lithium district in Nevada as well as continuing to advance its Falchani lithium and

Macusani uranium development projects in southeas tern Peru. Both Falchani and Macusani have been

through preliminary economic assessments, exhibit strong additional exploration potential and are

situated near significant infrastructure.

The TSX Venture 50 is a ranking of the top performers in each of 5 industry sectors in the TSX Venture

Exchange over the last year.

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

at www.americanlithiumcorp.com for project update videos and related background information.

Follow us on Facebook, Twitter and LinkedIn.

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

“Simon Clarke”

CEO & Director

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. Forwa rd-looking statements in this news release

include, but are not limited to, statements regarding the ability to appeal the judicial ruling, and any other 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 and results. Forward -looking statements are based on the current

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

American Lithium believes that the current opinions and expectations reflected 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 prove 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; risks and uncertainties relating to the COVID -19 pandemic and the extent and manner to which

measures taken by governments and their agencies, American Lithium or others to attempt to reduce the spread of

COVID-19 could affect American Lithium, 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 delays 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 judicial appeal process in Peru, and any

and all future remedies pursued by American Lithium and its subsidiary Macusani to resolve the title for 32 of its

concessions; risks regarding the ongoing Ontario Securities Commission regulatory proceedings; the o ngoing 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 due to the COVID-19 pandemic; 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 de velopment; 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 time ly basis and on acceptable terms or

delays in obtaining governmental approvals; risks related to environmental regulation and liability; political and

regulatory risks associated with mining and exploration; risks related to the uncertain global economic e nvironment

and the effects upon the global market generally, and due to the COVID -19 pandemic measures taken to reduce the

spread of COVID-19, any of which could continue to negatively affect global financial markets, including the trading

price of America n Lithium’s shares and could negatively affect American Lithium’s ability to raise capital and may

also result in additional and unknown risks or liabilities to American Lithium. Other risks and uncertainties related to

prospects, properties and business s trategy of American Lithium are identified in the “Risk Factors” section of

American Lithium’s Management’s Discussion and Analysis filed on June 28, 2022 , and in recent securities filings

available at www.sedar.com. 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.

Cautionary Note Regarding Macusani Concessions Thirty -two of the 151 concessions held by American Lithium’s

subsidiary Macusani, are currently subject to Administrative and Judicial processes (together, the “Processes”) in Peru

to overturn resolutions issued by INGEMMET and the Mining Council of MINEM in February 2019 and July 2019,

respectively, which declared Macusani’s title to 32 of the concessions invalid due to late receipt of the annual validity

payments. In November 2019, Macusani applied for injunctive relief on 32 concessions in a Court in Lima, Peru and

was successful in obtaining such an injunction on 17 of the concessions including thr ee of the four concessions

included in the Macusani Uranium Project PEA. The grant of the Precautionary Measure (Medida Cautelar) has

restored the title, rights and validity of those 17 concessions to Macusani until a final decision is obtained at the last

stage of the judicial process. A Precautionary Measure application was made at the same time for the remaining 15

concessions and was ultimately granted by a Court in Lima, Peru on March 2, 2021 which has also restored the title,

rights and validity of th ose 15 remaining concessions to Macusani, with the result being that all 32 concessions are

now protected by Precautionary Measure (Medida Cautelar) until a final decision on this matter is obtained at the

last stage of the judicial process. The favourable judge’s ruling confirming title to all 32 concessions from November

3, 2021 represents the final stage of the current judicial process. However, this ruling has recently been appealed by

MINEM and INGEMMET. American Lithium has no assurance that the outco me of these appeals will be in the

Company’s favour.