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LTH.V ·

Lithium Ionic Reports AGM Results

Shareholder Meetings

Lithium Ionic Reports AGM Results

TORONTO, ON, July 26, 2024 – Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N)

(“Lithium Ionic” or the “Company”) is pleased to report the results of its A nnual General and

Special Meeting of shareholders held on July 26, 2024 (the "Meeting").

Over 56% of the issued and outstanding shares of the Company were represented in person or

by proxy and were voted at the Meeting significantly in favour of all the matters submitted to the

shareholders for approval as set out in the Company's Notice of Meeting and Management

Information Circular dated June 13 , 2024 (the “Circular”). At the Meeting, Lithium Ionic

shareholders approved the re -election of the eight director nominees, the re- appointment of

Deloitte LLP as auditor of the Company, the Stock Option Plan and the RSU/DSU incentive plans.

Details of these plans are included in the Circular, which is available under the Company’s profile

on SEDAR+ at www.sedarplus.ca.

Lithium Ionic would like to thank shareholders for their participation and continuing support.

About Lithium Ionic Corp.

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

Brazil. Its Itinga group of properties, which hosts its flagship Bandeira Lithium Project, as well as

its Salinas group pf properties cover ~14,000 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 Bandeira 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 terminology

are intended to identify forward- looking statements and infor mation. The forward -looking

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

Meeting 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, 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.

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 verified 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.