Mr. Douglas Fulcher reports

ONE WORLD LITHIUM INC. ANNOUNCES TERMINATION OF ITS MOGOLLON PROPERTY AND PROVIDES AN UPDATE ON MANAGEMENT CEASE TRADE ORDER

Effective June 13, 2018, One World Lithium Inc. has terminated its option agreement to purchase 100 per cent of Allegiant Gold Ltd.'s interests in the Mogollon silver and gold property located in New Mexico, United States. Pursuant to the company's news release dated March 9, 2018, the company originally intended to prepare and file a current technical report on the Mogollon project to reflect its early stage of exploration and to recommend a suitable work program to advance the property in the near future. As a result of the termination of the option agreement and the corresponding loss of the company's interest in the Mogollon project, the company advises that it will no longer be filing the technical report.

The company's board of directors and management have recently re-evaluated the company's exploration programs and concluded that, going forward, the company intends to solely focus on lithium properties of merit. As a result, the company intends to continue its focus on the exploration and development of its Salar del Diablo lithium property in Mexico for the balance of 2018.

Doug Fulcher, president and chief executive officer, noted, "It is unfortunate to lose the exploration and development exposure to the Mogollon project; however, our company's exploration team has expertise in lithium exploration and development, which paves the way for the company's future exploration for lithium."

The company will be filing on June 14, 2018, its audited annual financial statements and management discussion and analysis for the year ended Dec. 31, 2017, along with its first fiscal quarter financial statements and management discussion and analysis for the period ended March 31, 2018.

On May 1, 2018, the British Columbia Securities Commission issued a management cease trade order against the company and its executives, as opposed to a cease trade order against the company and all of its securityholders, for failure to file its audited annual financial statements and management discussion and analysis for the year ended Dec. 31, 2017, together with the related certifications, on or before the prescribed filing deadline of April 30, 2018, as required by National Instrument 51-102, Continuous Disclosure Obligations, and NI 52-109, Certification of Disclosure in Issuers' Annual and Interim Filings, respectively. Pursuant to the requirements of National Policy 12-203, Management Cease Trade Orders, the company is required to issue biweekly default status reports, in the form of news releases, with respect to its efforts to achieve compliance.

About One World Lithium Inc.

One World Lithium is an exploration company with its primary focus on exploring and developing lithium projects of merit. It has an option to acquire up to a 90-per-cent working interest in the 75,400 hectares (290 square miles, or 754 square kilometres) that cover a salar located in Baja California, Mexico.

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