Mr. Kirill Klip reports

INTERNATIONAL LITHIUM ANNOUNCES STRATEGIC GOALS FOR 2018

International Lithium Corp. has completed a successful transitional year. The company is building a green energy metals company in order to provide its shareholders with the opportunity to participate in the ongoing energy revolution. International Lithium currently holds highly prospective projects in the most prolific areas of the world for lithium and rare metals. International Lithium's joint ventures with Jiangxi Ganfeng Lithium Co. Ltd. in Argentina and Ireland are an entry point to a vertically integrated lithium business with the largest lithium materials producer from China.

During International Lithium's transitional year, it built a team of dedicated professionals who cover all aspects of its operations, and made further improvements to its internal controls and operating systems.

The company has successfully activated all of its joint venture operations in Argentina, Ireland and Canada. Its partners include global industry leaders, Jiangxi Ganfeng Lithium of China and Pioneer Resources Ltd. of Australia.

International Lithium's main priority for 2018 is to continue to advance its joint venture operations with a focus on establishing access to strategic sources of capital in order to advance its business plan. International Lithium plans to optimize its portfolio of assets, strengthen its capital structure and extend its shareholder base.

Mariana Lithium joint venture with Ganfeng Lithium

On Jan. 8, 2018, the company, together with its joint venture partner, Mariana Lithium Co. Ltd., a subsidiary of Jiangxi Ganfeng Lithium, announced the adoption of a 2018 budget for continued work at the Mariana lithium-brine project in Salta, Argentina. Current ownership of the project is through a joint venture company, Litio Minera Argentina SA, a private company registered in Argentina, ownership of which will be held 82.754 per cent by Ganfeng Lithium and 17.246 per cent by International Lithium. In addition, International Lithium has an option to acquire 10 per cent of the Mariana project through a back-in right.

Highlights of the $17-million (U.S.) budget for 2018 include:

1. Continued natural evaporation studies;
2. Membrane separation studies;
3. Aquifer characterization studies;
4. Preliminary economic assessment;
5. Prefeasibility studies.

Avalonia Lithium joint venture with Ganfeng Lithium update

The company, together with joint venture partner GFL International Co. Ltd., a subsidiary of Jiangxi Ganfeng Lithium, have adopted a 2018 budget for continued work at the Avalonia lithium pegmatite project in Ireland, a joint venture between the two companies. The budget calls for 705,000 euros (approximately $1-million (Canadian)) to be invested in the Avalonia project. The budget covers continuing exploration and evaluation work, administration fees, and contingencies.

The ownership of the Avalonia project is currently 55 per cent GFL and 45 per cent International Lithium. GFL has an option to earn an additional 24 per cent by either incurring $10-million expenditures on exploration activities or delivering a positive feasibility study on the project, at which time the ownership will be 79 per cent GFL and 21 per cent International Lithium.

Mavis Lithium joint venture update

In conjunction with its strategic partner, Pioneer Resources Ltd., the company announced that drilling is under way at the Mavis Lake lithium project in the province of Ontario, Canada.

The 2018 winter program will comprise up to 1,200 metres of oriented NQ diamond core drilling and will test for extensions to spodumene-bearing pegmatites intersected by the joint venture in the 2017 drilling program targeting the Fairservice (PEG006 or Pegmatite 6) prospect (see International Lithium news release dated Oct. 17, 2017).

Change in International Lithium's corporate structure

International Lithium advises that the board has abolished the position of deputy chairman after due consideration, as the position is considered unnecessary in the context of achieving the company's current objectives. John Wisbey, former deputy chairman, continues to serve as a director.

"The board thanks Mr. Wisbey for his support and assistance in that role during the company's significant transitional year," commented Kirill Klip, executive chairman of International Lithium. "We look forward to achieving our strategic goals and increasing value for all our shareholders."

About International Lithium Corp.

International Lithium has a significant portfolio of projects, strong management, robust financial support, and a strategic partner and keystone investor, Ganfeng Lithium Co. Ltd., a leading China-based lithium product manufacturer.

The company's primary focus is the strategic stake in the Mariana lithium-potash brine project located within the renowned South American lithium belt that is the host to the vast majority of global lithium resources, reserves and production. The Mariana project strategically encompasses an entire mineral rich evaporite basin, totalling 160 square kilometres that ranks as one of the more prospective salars or salt lakes in the region. Current ownership of the project is through a joint venture company, Litio Minera Argentina SA, a private company registered in Argentina, ownership of which was revised to 82.754 per cent by Ganfeng Lithium and 17.246 per cent by International Lithium in early 2018 in order to reflect each party's current joint venture interest.

We seek Safe Harbor.