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Lithium Ionic Announces AGM Results

Shareholder Meetings

Lithium Ionic Announces AGM Results

TORONTO, ON, October 5, 2023 – Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N)

(“Lithium Ionic” or the “Company”) is pleased to announce the results of its annual general meeting

of shareholders held on October 5, 2023 (the "Meeting"). Shareholders voted in favour of all

matters considered at the Meeting, which included the re-election of Blake Hylands, Helio Diniz,

Patrizia Ferrarese, David Gower, Lawrence Guy and Michael Shuh as directors of the Company,

along with the election of new independent directors Juliana Sprott and Ian Pritchard. These

directors will hold office for the upcoming year. Shareholders also approved the appointment of

Deloitte LLP as the Company's auditors for the same period and endorsed the Company’s existing

stock option plan.

Blake Hylands, P.Geo ., Chief Executive Officer of Lithium Ionic, commented, “We’re thrilled to

welcome Juliana Sprott and Ian Pritchard to our team as valuable additions to our board of

directors. Juliana’s background and experience at the Sprott Foundation are a testament to her

commitment to philanthropy and her deep understanding of the importance of responsible

resource management , which aligns with our core values. Her expertise and passion for

sustainability will be invaluable assets as we advance our projects. Ian comes to us with extensive

experience managing engineering studies for mining project s and overseeing operations

management, particularly for projects in Brazil, which will prove instrumental as our Itinga project

transitions to this stage of development. We look forward to benefiting from their expertise and

experience at this exciting time for our Company.”

Ms. Sprott is the Chief Giving Officer at the Sprott Foundation. Ms. Sprott has a B.A. from the

University of Western Ontario and completed the one-year program, The Philanthropy Workshop,

at the Institute for Philanthropy. She is fluent in English and French.

Mr. Pritchard has over 30 years of experience in project and operations management in the mining

industry both in North America as well as internationally, particularly in Brazil. Mr. Pritchard’s

mining experience includes the management of pre-feasibility and feasibility studies, engineering,

procurement and construction management projects. He has held senior executive positions at

various organizations worldwide including SNC-Lavalin and De Beers Canada.

About Lithium Ionic Corp.

Lithium Ionic is a Canadian mining company exploring and developing its lithium properties in

Brazil. Its flagship Itinga and Salinas projects cover 14,182 hectares in the northeastern part of

Minas Gerais state, a mining-friendly jurisdiction that is quickly emerging as a world-class hard-

rock lithium district. The Itinga Project is situated in the same region as CBL’s Cachoeira lithium

mine, which has produced lithium for +30 years, as well as Sigma Lithium Corp.’s Grota do Cirilo

project, which hosts the largest hard-rock lithium deposit in the Americas.

Investor and Media Inquiries:

+1 647.316.2500

[email protected]

Cautionary Note Regarding Forward-Looking Statements

This press release contains statements that constitute “forward -statements.” Such forward

looking statements involve known and unknown risks, uncertainties and other factors that may

cause the Company’s actual results, performance or achievements, or devel opments to differ

materially from the anticipated results, performance or achievements expressed or implied by

such forward-looking statements. Although the Company believes, in light of the experience of its

officers and directors, current conditions and expected future developments and other factors that

have been considered appropriate that the expectations reflected in this forward -looking

information are reasonable, undue reliance should not be placed on them because the Company

can give no assurance t hat they will prove to be correct. When used in this press release, the

words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or

“should” and the negative of these words or such variations thereon or comparable t erminology

are intended to identify forward -looking statements and information. The forward -looking

statements and information in this press release include information relating to results of the

Meeting, the development of the Company’s projects and the Company’s future plans . Such

statements and information reflect the current view of the Company. Risks and uncertainties that

may cause actual results to differ materially from those contemplated in those forward -looking

statements and information. By their nature, forward -looking statements involve known and

unknown risks, uncertainties and other factors which may cause our actual results, performance

or achievements, or other future events, to be materially different from any future results,

performance or achievements expressed or implied by such forward -looking statements. The

forward-looking information contained in this news release represents the expectations of the

Company as of the date of this news release and, accordingly, is subject to ch ange after such

date. Readers should not place undue importance on forward-looking information and should not

rely upon this information as of any other date. The Company undertakes no obligation to update

these forward-looking statements in the event that management’s beliefs, estimates or opinions,

or other factors, should change.

Information and links in this press release relating to other mineral resource companies are from

their sources believed to be reliable, but that have not been independently ver ified by the

Company.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the

policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press

release.