Mr. Douglas Fulcher reports

ONE WORLD LITHIUM ANNOUNCES INITIAL CLOSING OF PRIVATE PLACEMENT, JANUARY 2019 DRILLING PROGRAM, INCREASED PROPERTY INTEREST AND APPOINTMENT OF AN ADVISOR

One World Lithium Inc. has closed a portion of its private placement that was previously announced on June 29, 2018. The company has raised to date $1,248,874.75 through the issuance of 8,325,832 units at a price of 15 cents per unit. Each unit consists of one common share of the company and one-half of a non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of 20 cents for a period of 24 months from the closing of the offering.

All securities are subject to a four-month-and-one-day hold from the closing date.

Use of proceeds

The net proceeds will be used primarily for financing a drilling program at the Salar del Diablo lithium property (an estimate cost of $600,000), maintenance of the property, corporate purposes and working capital. The property is located in the state of California, Baja California Notre, Mexico.

Drilling program

The company has planned a 12-hole, 4,050-metre reverse circulation drilling program for January, 2019, on its Salar del Diablo lithium property in Mexico. The drill holes will test three large geophysical conductive zones that cover more than 54 square kilometres within a geochemical anomaly that covers 150 square kilometres. The drilling and testing may take approximately 45 days to complete.

Drill holes 1 and 2 will intersect geophysical zone 1, which is six square kilometres and likely more than 100 metres thick.

Drill holes 3, 4, 8 and 9 will intersect geophysical zone 2, which is more than 24 square kilometres.

Drill holes 7, 7A and 10 will intersect both zones 2 and 3. Zone 3 may be more than 200 metres thick and more than 30 square kilometres.

Drill holes 9 and 11 will intersect the 150-square-kilometre surface geochemical anomaly.

All holes will be placed near geophysical and geological interpreted structures to test the structural setting of the basin.

Predrilling preparations under way

The operator of the Salar del Diablo lithium property programs is receiving bids from four drilling companies that requires the drilling company to be on site in January, 2019. The operator is in the process of filing for various permits, including an occupancy permit, an environmental study and a drilling permit, which should be completed by the end of December, 2018.

Additional property interest earned

One World Lithium has now earned an undivided 60-per-cent working interest in the property. On completing the January, 2019, drilling program, the company will earn a further 20-per-cent working interest for a total working interest of 80 per cent.

Appointment

Doug Fulcher, president and chief executive officer, has appointed John King Burns as an adviser to the company.

Mr. Burns is currently serving as an independent director of China Gold Resources. Mr. Burns is also chief executive officer and president of NeurSciences LLC; is a senior advisor for Pontomac Asset Management; and is an adviser to a number of privately held exploration and production, software, process technology, and fund management companies in the natural resource, energy and technology industries with several companies and funds located in China.

Previously, Mr. Burns was chairman and founder of Northern Orion, which was sold to Yamana Gold. He was also former global head and managing director of the derivative trading and structured finance group at Barclays Metals, London, a unit of Barclays Bank PLC.

John E. Hiner, a registered SME member and a qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure contained in this news release.

About One World Lithium Inc.

One World Lithium, an exploration company, is focused on exploring and developing lithium projects of merit. It currently has an option to acquire up to a 90-per-cent working interest in the 75,400-hectare Salar del Diablo lithium property located in Baja California Notre, Mexico.

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