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NVPC.CN ·

NOVA Lithium Receives Receipt FOR Final Prospectus and Announces Initial Public Trading Date

Financings

NOVA LITHIUM RECEIVES RECEIPT FOR FINAL PROSPECTUS AND ANNOUNCES INITIAL

PUBLIC TRADING DATE

Vancouver, BC – July 18, 2022 – Nova Lithium Corp. (“Nova” or the “Company”) is pleased to announce

that on July 11, 2022, the Company received a receipt for its final long form non -offering prospects from

the British Columbia Securities Commission. The common shares of the Company (the “ Common

Shares”) were subsequently approv ed for listing on the Canadian Securities Exchange (the “ CSE”), and

are expected to begin trading at market open on July 19, 2022, under the ticker symbol “NVLI”.

The ISIN and CUSIP associated with the Common Shares are CA66981W1032 and 66981W103,

respectively.

“We are excited to reach this significant milestone,” commented Glenn Collick, Nova’s CEO. “Completing

a direct listing onto the CSE allows us to enter the public markets in an efficient manner that both positions

Nova as a promising junior explorer and preserves value for our shareholders.”

“We would like to thank our shareholders for their continued support ,” added Mr. Collick. “Advancing from

a privately held company to a publicly -traded company on the CSE represents the next chapter of our

growth, and we are excited about the opportunit y that our Deer Musk West lithium project presents for the

future.”

About Nova Lithium Corp.

Nova Lithium Corp. is a Canadian junior mining company focused on the global transition from fossil fuels

to green energy solutions powered by lithium -based batteries. The Company’s mission is to become a

leader in exploration and development of critical materials through responsible mining practices.

The Company currently holds the option to acquire a 100% interest in 190 mineral claims located in

southern Clayton Valley, Nevada, USA, known as the Deer Musk West project.

For further information, please contact:

Glenn Collick, CEO

T: 778.868.2226

E: [email protected]

Forward-Looking Statements

This news release may contain “forward-looking information” within the meaning of applicable securities

legislation. Forward-looking information may include, but is not limited to, statements with respect to the

trading date of the Common Shares on the CSE, the future price of metals, historical estimates of

mineralization, capital expenditures, the success of exploration activities, permitting timelines, requirements

for additional capital, government regulation of mining operations, environmental risks, unanticipated

reclamation expenses, title disputes or claims, limitations on insurance coverage, the completion of

regulatory approvals, and risks arising from the novel coronavirus. In certain cases, forward -looking

information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is

expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “ intends”, “anticipates” or “does not anticipate”,

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or “believes”, or variations of such words and phrases or statements that certain actions, events or results

“may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”.

Any forward-looking information in this news release is based on a number of material factors and

assumptions, including, but not limited to, those disclosed in of Nova’s public filings. While the Company

considers these factors and assumptions to be reasonab le based on information currently available to it,

they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety

of reasons. Forward-looking information is based upon management’s beliefs, estimates and opinion s on

the date the statements are made and, other than as required by law, the Company does not intend, and

undertakes no obligation, to update any forward -looking information to reflect, among other things, new

information or future events.