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LTH.V ·

Lithium Ionic Upgrades to OTCQX Best Markets

Listings & Exchange

Lithium Ionic Upgrades to OTCQX Best Markets

TORONTO, ON, September 28, 2023 – Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE:

H3N) (“Lithium Ionic” or the “Company”), an exploration and development-stage mining company

advancing its hard rock lithium projects in Minas Gerais, Brazil, reports that its common shares

were approved for trading in the United States on the OTCQX® Best Market, the top tier of the

OTC Markets, effective September 27, 2023. The Company’s common shares previously traded

on the OTCQB Venture Market and will continue to trade under the US trading symbol “LTHCF.”

Blake Hylands, P.Geo., Chief Executive Officer of Lithium Ionic, commented, “The graduation to

the OTCQX platform marks an important step for Lithium Ionic, which will increase our exposure

to a broader US investor audience and make it easier for this large community to invest in our

Company as we rapidly advance our hard rock lithium projects towards production in Brazil.”

The OTCQX Market is intended for established, investor -focused U.S. and international

companies. To qualify for OTCQX, companies must meet prescribed financial standards, follow

best practice corporate governance guidelines, and demonstrate compliance wit h applicable

securities laws. Trading on the OTCQX Market marks an important milestone for companies,

enabling them to demonstrate their qualifications and build visibility among U.S. investors. The

companies found on the OTCQX are distinguished by the int egrity of their operations and

diligence with which they convey their qualifications.

Investors can find current financial disclosure and trading status Real-Time Level 2 quotes for

Lithium Ionic on www.otcmarkets.com.

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 the prospectivity

and development of the Company’s mineral properties, the listing and trading of the Company’s

common shares on the OTCQX 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 c ontemplated 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 e vents, 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 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 b elieved 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 p ress

release.