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Enter Symbol
or Name
USA
CA



Advance Lithium Corp
Symbol AALI
Shares Issued 83,516,472
Close 2023-10-05 C$ 0.025
Market Cap C$ 2,087,912
Recent Sedar+ Documents

Advance Lithium halted for failing to file report

2023-10-18 17:52 ET - News Release

Subject: Press release for dissemination Word Document File: '\\swfile\EmailIn\20231018 144001 Attachment 2023.10.19 Advance Lithium Update.docx' October 19, 2023 TSX-V: AALI OTC: ADGCF ADVANCE LITHIUM UPDATE Kamloops, British Columbia: Advance Lithium Corp. (TSXV: AALI) ("Advance Lithium" or "the Company") reports that it has been halted by the British Columbia Securities Commission for failing to file its annual audited financial report. Brad Newell and Bill Atkinson have resigned from the board of directors to focus on their other business endeavours. Brad Newell continues to hold a position in the stock that makes him an insider. The company would like to thank both for their guidance while directors. Effective October 6, 2023, the TSX Venture Exchange (the "Exchange") suspended trading in the Company's securities as a result of a Cease Trade Order ("CTO") issued by the British Columbia Securities Commission. Reinstatement to trading can occur only when the CTO is revoked and the Exchange has concluded its reinstatement review to ensure the Company has satisfactorily complied with Exchange requirements. 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 entered an agreement to acquire 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% Royalty interest in strategic claims in the Liranda Corridor in Kenya, East Africa, where Shanta Gold Limited is upgrading their resource. The company received from the sale of the Kenya royalty to Orogen Royalties US$120,000 and the Sarape epithermal gold project in Mexico. In March, 2023 Advance Lithium entered into an agreement with Wolfden Resources to acquire a 100% interest in the BMC project. For further information, please contact: Allan Barry Laboucan, President and CEO Mexico Cellular Phone: 492-238-5282 Email: allan@advancelithiumcorp.com www.advancelithiumcorp.com This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors should change, except as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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