Mr. Allan Laboucan reports

ADVANCE LITHIUM ANNOUNCES PRIVATE PLACEMENT FINANCING

Subject to the approval of the TSX Venture Exchange, Advance Lithium Corp. proposes to undertake a non-brokered private placement of units at a price of four cents per unit. Each unit shall comprise one common share in the capital of the company and one common share purchase warrant with each warrant being exercisable to purchase one common share at a price of five cents per share at any time within 60 months of the date of issuance.

Also, subject to the approval of the TSX Venture Exchange, the company proposes to undertake a non-brokered private placement of flow-through at a price of five cents each. Each unit shall comprise one common share in the capital of the company with no warrants attached.

The financing will be for a maximum of $1-million resulting in 21.25 million units being issued. Funds will be used to advance the Bathurst mining camp projects in New Brunswick, as well as the Lithium and Sarape projects in Mexico and for general corporate purposes.

The company intends to close the private placement immediately following the satisfaction of customary closing conditions, including receipt of all regulatory approvals. There are no material facts or material changes relating to the company that have not been previously disclosed.

About Advance Lithium Corp.

Advance Lithium is a junior exploration company focused on acquiring and exploring mineral properties containing precious metals, battery metals and fertilizer minerals. The company acquired a 100-per-cent interest in the Tabasquena silver mine in Zacatecas, Mexico, in 2017, and the Venaditas project, also in Zacatecas state, in April, 2018.

In March, 2021, Advance Gold acquired 13 salars in central Mexico containing potassium, boron and lithium, enabling it to move into agricultural minerals and the exciting lithium space.

In June, 2022, Advance Lithium sold its 3-per-cent royalty interest in strategic claims in the Liranda corridor in Kenya, East Africa, where Shanta Gold Ltd. is upgrading its resource. The company received from the sale of the Kenya royalty to Orogen Royalties $120,000 (U.S.) and the Sarape epithermal gold project in Mexico.

In March, 2023, Advance Lithium entered into an agreement with Wolfden Resources to acquire a 100-per-cent interest in the BMC project.

We seek Safe Harbor.