One World Lithium Announces Termination of Its Interest IN the Salar Del Diablo Property Located IN Mexico
Suite 615 – 800 West Pender Street, Vancouver, B.C. Canada, V6C 2V6 Telephone: 1-604-564-2017
www.oneworldlithium.com
ONE WORLD
LITHIUM
ONE WORLD LITHIUM ANNOUNCES
TERMINATION OF ITS INTEREST IN THE SALAR DEL DIABLO PROPERTY LOCATED IN MEXICO
VANCOUVER, BC – May 02 , 2022 - One World Lithium Inc. (OTCQB-OWRDF) (CSE -OWLI)
(the “Company” or “ OWL”), announces that due to the recent poor drilling results on its Salar del
Diablo Property (the “Property”) located in the State of Baja California, Mexico (For additional details
see Company’s press Release dated January 4, 2022) the Company has terminated its Letter of Intent
with Energy Metals Discover Group (“EMDG”). Under the Termination Agreements with EMDG the
Company has conveyed all of its right, title and earned interest in the Property. All the Parties agreed
to release each other from any and al l claims that they may have against each other to date and the
Company would have no further rights title and earned interest in the Property.
As well, the Company has terminated its Share Purchase Agreement with Stand Up Investments L td.
(“SUI”) and a Third Party. Under this Termination Agreement all Parties have agreed to release each
other from any and all claims that they may have against each other and the Company has no further
payments or share issuances to the former and original shareholders except a $25,000 termination
fee that is due no later than December 31, 2022, by way of a Promissory note bearing simple six (6)
percent interest dated April 29, 2021.
About One World Lithium Inc.
One World Lithium Inc. remains focused on properties of merit that may contain lithium carbonate in
a brine. The Company is also focused on commercial application of the DOE’s separation technology.
OWL intends to license or joint venture its technology to current and future lithium carbonate
producers. For more information, visit: https://oneworldlithium.com/.
On behalf of the Board of Directors of One World Lithium Inc.,
“Douglas Fulcher”
President and Chief Executive Officer
For further information please visit www.oneworldlithium.com or email [email protected]
or call 1-604-564-2017 Extension-3.
Suite 615 – 800 West Pender Street, Vancouver, B.C. Canada, V6C 2V6 Telephone: 1-604-564-2017
www.oneworldlithium.com
ONE WORLD
LITHIUM
Forward-Looking Information: This press release may include forward looking information within the meaning of Canadian securities legislation. Forward
looking information is based on certain key expectations and assumptions made by the management of the OWL, including any statements regarding
beliefs, plans, expectations or intentions regarding the future, including, but not limited to: the intention of OWL to proceed with the advancement of
lithium properties and the DOE’s new critical separation technology. Although OWL believes that the expectations and assumptions on which such
forward looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because OWL can give no
assurance that they will prove t o be correct. Forward looking statements contained in this press release are made as of the date of this press release.
OWL disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, futur e events or
results or otherwise, other than as required by applicable securities laws. There can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from the those anticipated in such statements. Accordingly, important factors that could cause
actual results to differ materially from the Company’s expectations including, but not limited to: (I) OWL’s inability to execute its business plan and raise
the required financing; (II) OWL’s inability to prove-up and commercialize the NETL patent and separation technology; (III) risks and market fluctuations
common to the mining industry and lithium sector in particular; (IV) advancement in new separation technologies; and (v) other risks outside the direct
control of OWL. The novel strain of coronavirus, COVID-19, and continuing conflict between Russian and the Ukraine also poses continuing risks that are
currently indescribable and immeasurable. The reader is cautioned that assumptions us ed in the preparation of any forward -looking information may
prove to be incorrect and is advised not to place undue reliance on any forward-looking information contained in this press release.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts
responsibility for the adequacy or accuracy of this release.