Private Placement and Stock Option Grant

Suite 615-800 West Pender Street, Vancouver, B.C. Canada V6C 2V6 | Telephone 1-604-564-2017

www.oneworldlithium.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN

THE UNITED STATES

ONE WORLD LITHIUM INC. ANNOUNCES PRIVATE PLACEMENT & STOCK OPTION GRANTS

VANCOUVER, BC – September 6, 202 3 - One World Lithium Inc. (CSE -OWLI) (OTCQB -OWRDF)

(the “Company” or “OWL”) today announces a non-brokered private placement up to 15,000,000 units

(each, a “Unit”) of the Company at a price of $0.05 per Unit for gross proceeds of up to $ 750,000 with

(the “Offering”). All funds are stated in Canadian dollars.

Each Unit will consist of one common share of the Company (each, a “ Common Share”) and one non -

transferable Common Share purchase warrant (each, a “ Warrant”). Each Warrant will entitle the holder

thereof to purchase one Common Share at a price of $0.08 for a period of 36 months from the closing of

the Offering.

There is no minimum number of Units or minimum aggregate proceeds required to close the Offering and

the Company may, at its discretion, el ect to close the Offering in one or more closings. Management

anticipates that the Company will allocate the net proceeds of the Offering as follows: continued property

expansion costs of approximately $75,000; on going lab testing of the Company’s Critical Fluid Separation

Technology costs of approximately $375,000; and the balance for working capital.

The Company may pay a finder’s fee in connection with the Offering. Closing of the Offering is subject to

a number of conditions, including receipt of all necessary corporate and regulatory approvals. All

securities issued in connection with the Offering will be subject to a statutory hold period of four months

plus a day from the closing of the Offering in accordance with applicable securities legislation.

A portion or all of the Offering may be completed pursuant to Multilateral CSA Notice 45-313 – Prospectus

Exemption for Distributions to Existing Security Holders (“CSA 45-313”) and the corresponding blanket

orders and rules implementing CSA 45-313 in the participating jurisdictions in respect thereof (collectively

with CSA 45-313, the “Existing Security Holder Exemption”). As at the date hereof, the Existing Security

Holder Exemption is available in each of the provinces of C anada, with the exception of Newfoundland

and Labrador.

Subject to applicable securities laws, the Company will permit each person or company who, as of

September 6, 2023 (being the record date set by the Company pursuant to CSA 45 -313), who holds

Common Shares as of that date to subscribe for the Units that will be distributed pursuant to the Offering,

provided that the Existing Security Holder Exemption is available to such person or company. Qualifying

shareholders who wish to participate in the Offerin g should contact the Company at the contact

information set forth below. In the event that aggregate subscriptions for Units under the Offering exceed

the maximum number of securities to be distributed, then Units will be sold to qualifying subscribers on

a pro rata basis based on the number of Units subscribed for. Insiders may participate in the Offering.

In addition to the Existing Security Holder Exemption, a portion or all of the Offering may be completed

pursuant to Multilateral CSA Notice 45-318 – Prospectus Exemption for Certain Distributions through an

Suite 615-800 West Pender Street, Vancouver, B.C. Canada V6C 2V6 | Telephone 1-604-564-2017

www.oneworldlithium.com

Investment Dealer (“CSA 45-318”) and the corresponding blanket orders and rule implementing CSA 45 -

318 in the participating jurisdictions in respect thereof (collectively with CSA 45 -318, the “ Investment

Dealer Exemption ”). As at the date hereof, the Investment Dealer Exemption is available in each of

Alberta, British Columbia, Saskatchewan, Manitoba and New Brunswick. Pursuant to CSA 45 -318, each

subscriber relying on the Investment Dealer Exemption must obtain advice regarding the suitability of the

investment from a registered investment dealer.

There is no material fact or material change of the Company that has not been generally disclosed.

In addition to conducting the Offering pursuant to the Existing Security Holder Exemption and the

Investment Dealer Exemption, the Offering will also be conducted pursuant to other available prospectus

exemptions.

None of the securities issued in connection with the Offering will be registered under the Un ited States

Securities Act of 1933, as amended (the “ 1933 Act”), and none of them may be offered or sold in the

United States absent registration or an applicable exemption from the registration requirements of the

1933 Act. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall

there by any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.

Stock Option Grants

The Company also announces that is has granted incentiv e stock options to three c onsultants of the

Company to purchase up to an aggregate of 800,000 Common Shares of the Company (each, an “Option”).

The Options are exercisable on or before September 6, 2025 at a price $0.05 per Common Share and are

all fully vested. All the Options were granted in accordance with the Company’s Stock Option Plan.

About One World Lithium

One World Lithium Inc. remains focused on properties of merit that may contain lithium in brine. The

Company is also focused on commercial application of its 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 1-888-280-8128

Suite 615-800 West Pender Street, Vancouver, B.C. Canada V6C 2V6 | Telephone 1-604-564-2017

www.oneworldlithium.com

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 OWL’s ability to close the Offering and, in connection therewith, receive the necessary, corporate,

shareholder, or regulatory approvals, as applicable; the availabi lity of certain prospectus exemptions to potential investors as

stated herein; and the intention of OWL to proceed with the advancement of lithium properties and OWL’s new critical separation

technology and intent to license or joint venture the technology to current and future lithium carbonate producers. 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 to be

correct. Forward looking statements contained in this press release are made as of the date of this press release. OWL discla ims

any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future 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 di ffer 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 funds to close the Offering; (II) OWL’s inability to prove-up

and commercialize it’s 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 ongoing

conflict between Russian and the Ukraine also poses continuing risks that are currently indescribable and immeasurable. The

reader is cautioned that assumptions used in the pr eparation 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.