LTH.V · 2022-06-01 12:00:00

Lithium Ionic Announces Stock Option Grants

Share Capital & Compensation

TORONTO, ON, June 1 , 2022 – Lithium Ionic Corp. (TSXV: LTH) (“Lithium Ionic” or the “Company”) has

granted a total of 2,950,000 s tock options to various directors, officers and consultants pursuant to its

stock option plan. The options may be exercised at a price of $ 1.24 per option for a period of five years

from the date of grant. The grant of options remains subject to the approval of the TSX Venture Exchange.

About Lithium Ionic Corp.

Lithium Ionic is a publicly -traded company which owns a 100% ownership interest in the Itinga lithium

project in Brazil (the “Itinga Project” or the “Project”). The Itinga Project is located in Minas Gerais State

(MG), Brazil. The Project comprises five mineral licenses covering more than 1,300 hectares in the prolific

Aracuai lithium province. A portion of the Project occurs immediately south of the CBL lithium mine and

plant, Brazil’s only lithium producer, and immediately north of the large Barreiro and Xuxa lithium deposits

of Sigma Lithium Corp.

For more information please contact:

Lithium Ionic Corp.

Blake Hylands

Chief Executive Officer

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

forward-looking statements and information in this press release include information relating to the grant

of stock options by the Company . 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, perfor mance 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 change 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.

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.