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United Lithium Announces Filing of Preliminary Short Form Base Shelf Prospectus

Financings

CSE: ULTH | OTC: ULTHF | FWB: 0UL

NEWS RELEASE JULY 2, 2021

UNITED LITHIUM ANNOUNCES FILING OF PRELIMINARY

SHORT FORM BASE SHELF PROSPECTUS

Vancouver, British Columbia

July 2, 2021 / United Lithium Corp. (CSE: ULTH) (OTC PINK: ULTHF) (FWB: 0UL) (“ULTH”

or the “Company”) is pleased to announce that it has filed a preliminary short form base shelf prospectus

(the “Shelf Prospectus”) with the securities commissions in each of the provinces and territories of

Canada, except the Province of Quebec.

Upon a receipt for the final base shelf prospectus, when made final and effective, will allow ULTH to

qualify the distribution of up to C$150,000,000 of common shares, warrants, subscription receipts, units,

debt securities, or any combination thereof, from time to time over a 25-month period that the Shelf

Prospectus remains effective. The specific terms of any future offering of securities (if any) will be set

forth in a shelf prospectus supplement, which will be file with the applicable Canadian securities

regulatory authorities in connection with any such offering.

This news release shall not constitute an offer to sell, or a solicitation of an offer to buy, any securities

nor shall there by any sale of securities in any jurisdiction in which an offer, solicitation or sale would be

unlawful prior to registration or qualifications under the securities laws of such jurisdiction.

A copy of the Shelf Prospectus, and copies of the final base shelf prospectus and any shelf prospectus

supplements that may be filed in the future, can be found under the Company's SEDAR profile

at www.sedar.com.

Filing of Technical Report

The Company has also filed on SEDAR a technical report entitled, “NI 43-101 Technical on the Bergby

Lithium, East-Central Sweden" (the “Technical Report”), dated effective June 24, 2021, prepared by

Mathieu Gosselin, Eng., Jyri Meriläinent, Eurgeol., M.Sc. and Mark Saxon, P.Geo.

On behalf of the Board of Directors,

United Battery Metals,

Michael Dehn

Chief Executive Officer

647-477-2382

For further information, please contact the Company at:

[email protected]

www.unitedlithium.com

Or

[email protected]

About United Lithium Corp.

United Lithium Corp. (CSE: ULTH) is an exploration & development company energized by the global

demand for lithium. The Company is targeting lithium projects in politically safe jurisdictions with

2

advanced infrastructure that allows for rapid and cost-effective exploration, development and production

opportunities.

The Company's consolidated financial statements and related management's discussion and analysis are

available on the Company's website at www.unitedlithium.com or under its profile on SEDAR at

www.sedar.com.

Forward Looking Statements

This news release contains forward‐looking information. Often, but not always, forward‐looking

information can be identified by the use of words such as “plans”, “expects”, “estimates”, “intends”,

“anticipates”, “believes” or variations of such words and phrases or state that certain actions, events, or

results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward‐looking

information involves known and unknown risks, uncertainties and other factors that may cause actual

results, events, performance or achievements of ULTH to differ materially from current expectations or

future results, performance or achievements expressed or implied by the forward‐looking information

contained in this news release. Risks, uncertainties and other factors involved with forward‐looking

information could cause actual events, results, performance, prospects and opportunities to differ materially

from those expressed or implied by such forward‐looking information include factors and risks as disclosed

in ULTH’s most recent annual information form, management’s discussion and analysis and other

Company documents filed from time to time on SEDAR (see www.sedar.com). In addition, there can be

no assurance that ULTH will obtain a receipt qualifying a final short form base shelf prospectus, that any

prospectus supplements will be filed, that any financings will be completed under the short form base shelf

prospectus, and that the objectives sought from any financings will be fulfilled. Readers are cautioned not

to place undue reliance on these forward‐looking statements, which speak only as of the date of this press

release. Although the Company believes that the assumptions and factors used in preparing the forward‐

looking information in this news release are reasonable, undue reliance should not be placed on such

information and no assurance can be given that such events will occur in the disclosed time frames or at

all. The forward‐looking information included in this news release are made as of the date of this news

release and the Company disclaims any intention or obligation, except to the extent required by law, to

update or revise any forward‐looking information, whether as a result of new information, future events or

otherwise.

The CSE does not accept responsibility for the adequacy or accuracy of this release.