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SLI.V ·

Standard Lithium Ltd.

Corporate Updates

STANDARD LITHIUM LTD. NEWS RELEASE

918 - 1030 West Georgia Street TSX Venture Exchange

Vancouver, BC V6E 2Y3 Trading Symbol: SLL

STANDARD LITHIUM LTD. ANNOUNCES APPOINTMENT OF JEFF BARBER AND

ANTHONY ALVARO TO THE BOARD OF DIRECTORS

January 23, 2017 - Vancouver, BC (TSX-V: SLL) Standard Lithium Ltd. ("Standard

Lithium" or the "Company") is pleased to announce the appointment of Jeff Barber and

Anthony Alvaro as directors of the Company. The Company also wishes to announce Gavin

Cooper will be assuming the interim role of Chief Financial Officer replacing Kyle Stevenson.

Jeff Barber was a Co-founder and Managing Partner of a boutique M&A advisory firm in

Calgary from 2012 to 2016. Prior thereto, he was an investment banker with Raymond James

Limited for four years and previously held investment banking and equity research positions at

Canaccord Genuity Corp. Jeff began his career as an Economist with Deloitte LLP. Throughout

his career, Mr. Barber has worked closely with various public company Boards and executive

teams to assist in institutional capital initiatives and advise on go-public transactions, valuations

and M&A mandates. Mr. Barber currently acts as a Chief Financial Officer and Director for a

privately held medical marijuana company and the Chief Financial Officer for a private company

pursuing South American oil and gas exploration and production opportunities. Jeff Barber is a

CFA charterholder and holds a Masters degree in Finance and Economics from the University of

Alberta.

Anthony Alvaro, Co-founder of Standard Lithium, has over two decades working primarily in

the international capital markets. The breadth of his capital markets experience includes roles

within wealth management, corporate finance, institutional sales, M&A, venture capital and

private equity. Over the years, Mr. Alvaro has developed a passion for helping companies

navigate from the private sector to the public markets. To-date, Anthony Alvaro has helped a

number of companies across multiple industry sectors raise in excess of $500 million in

aggregate. He has also held executive and board positions with a number of public and private

companies.

Jeff Barber and Anthony Alvaro replace Kyle Stevenson and William MacDonald as members of

the Company's board of directors. Standard Lithium would like to thank Mr. Stevenson and Mr.

MacDonald for their service to the Company.

On behalf of the board of

STANDARD LITHIUM LTD.

Per: "Gavin Cooper"

Gavin Cooper

President and Director

For further information please contact Gavin Cooper at:

Telephone: (604) 639-9051

THE TSX VENTURE EXCHANGE INC. HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS

PRESS RELEASE. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS

THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY

FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold

in the United States absent registration or an exemption from the registration requirements. This news release shall not

constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which

such offer, solicitation or sale would be unlawful.

Disclaimer for Forward-Looking Information:

Certain statements in this news release are forward -looking statements which reflect the expe ctations of management. Forward-

looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans,

expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual

results, performance or developments to differ materially from those contained in the statements. In this release such statements

include but are not limited to , the receipt of TSX Venture Exchange final acceptance for the Private Placement and the intended

use of net proceeds. No assurance can be given that any of the events anticipated by the forward -looking statements will occur

or, if they do occur, what benefits the Company will obtain from them. These forward -looking statements reflect management's

current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.