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Lithium Ionic Provides Update

Corporate Updates

Lithium Ionic Provides Update

TORONTO, ON, April 10, 2026 – Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N)

("Lithium Ionic" or the "Company") is is aware of the Ontario Securities Commission’s publication

regarding a regulatory matter involving another reporting issuer and individuals who have, or have

had, an association with the Company.

Lithium Ionic is not a respondent in this matter and no orders have been sought against Lithium

Ionic. The allegations contained in the proceeding have not been proven.

The Board of Directors has established a Special Committee of independent directors to oversee

the Company’s communications and disclosure in respect of this matter.

About Lithium Ionic Corp.

Lithium Ionic is a Canadian lithium development company focused on responsibly advancing its

100%-owned Bandeira Lithium Project in Minas Gerais, Brazil, a region coined the “Lithium

Valley” that is emerging as a world-class hard-rock lithium district. The Company is executing on

a focused development strategy centered on engineering de- risking, permitting advancement,

commercial planning, and construction readiness, with the goal of becoming a near-term producer

of high-quality spodumene concentrate for global battery supply chains.

For further information:

Lithium Ionic Corp.

Blake Hylands

Chief Executive Officer, Director

+1 647.316.2500

[email protected]