Mr. John Wisbey reports

INTERNATIONAL LITHIUM ANNOUNCES PRIVATE PLACEMENT OF FLOW-THROUGH SHARES

International Lithium Corp. intends to complete a non-brokered private placement of up to 15,384,615 flow-through shares of the company at a price of 6.5 cents per FT share for total gross proceeds of up to $1-million.

The FT shares will qualify as flow-through shares for the purposes of the Income Tax Act (Canada). The proceeds of the FT private placement will be used to incur Canadian exploration expenses (within the meaning of the act). The company will renounce these expenses to the purchasers with an effective date of no later than Dec. 31, 2019, and as required under the act.

In connection with the FT private placement, the company may pay finders' fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange.

The proceeds will be used for exploration on the company's Raleigh Lake rare metal project located in Ontario, Canada.

Closing of the FT private placement is subject to approval of the TSX Venture Exchange. Any shares issued on closing will be subject to a trading hold period expiring four months plus one day from the date of issue.

Closing extension of unit private placement

The company is also pleased to announce that the final closing of the non-brokered private placement of up to 50 million units at five cents per unit announced on Dec. 11, 2018, has been extended until Feb. 28, 2019. Each unit will consist of one common share of the company and one-half of a transferable common share purchase warrant. Each warrant will be exercisable into one common share at an exercise price of 10 cents per share for two years from issue. Please refer to the Dec. 11, 2018, news release for further details of the unit private placement.

This announcement is made in accordance with TSX-V rules to ensure price protection and should not be read as implying that the relevant securities have yet been sold.

About International Lithium Corp.

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

International Lithium's mission is to find, explore and develop projects that have the potential to become world-class lithium, potash and rare metal deposits. A key goal is to become a well-financed company to turn that aspiration into reality.

We seek Safe Harbor.