Mr. Mark Ferguson reports

ARBOR METALS PROVIDES A LITHIUM MARKET 2023 YEAR-TO-DATE REVIEW

Arbor Metals Corp. has provided stakeholders with its overview of the lithium market's key developments thus far in 2023. As the demand for lithium continues to surge and questions about supply persist, Arbor remains committed to monitoring and analyzing market trends to best position itself in this evolving landscape.

Since the start of 2020, lithium carbonate prices have increased by over 585 per cent. The future of lithium appears promising, with the demand expected to skyrocket in the coming years, primarily fuelled by the electric vehicle (EV) industry.

In 2023, the lithium market witnessed significant announcements that shaped the industry. Here is an overview of the main news the company has seen impacting the sector thus far this year:

• Lithium producers: Major lithium producers are expressing confidence in the market's long-term prospects. With lithium brine assets in the United States and the Salar de Atacama in Chile, Albemarle expects strong sales volume growth in the energy storage segment for 2023. SQM forecasts increased demand this year, while Livent reported revenue growth in Q1 2023 and remains on track with capacity expansions.
• Lithium merger and acquisition activity: Consolidation in the lithium space has accelerated in 2023. Albemarle's unsuccessful bid for Liontown Resources and a joint venture's unsuccessful bid for Essential Metals exemplify the heightened interest in merging or acquiring lithium projects. The megamerger deal between Livent and Allkem, valued at $10.6-billion (U.S.), underscores the trend of consolidation driven by rising lithium demand.
• Electric vehicle makers and lithium supply: Electric vehicle manufacturers continue to secure lithium supply agreements, which have included agreements with already-established producers. This growing focus on securing lithium supply demonstrates automaker recognition of the importance of securing critical resources for the electric vehicle industry's growth.
• Chile's lithium industry: Chile, the world's second-largest lithium producer, has announced plans to nationalize its lithium industry. The government's goal is to stimulate the economy and safeguard the environment by issuing future lithium contracts through public-private partnerships with state oversight. This move aligns with Chile's intention to encourage direct lithium extraction techniques to accelerate production and reduce water consumption.

Arbor remains committed to navigating the dynamic lithium market and capitalizing on the evolving landscape. The company continues to assess strategic opportunities, advance its lithium projects, and contribute to the global transition toward cleaner and sustainable energy solutions.

About Arbor Metals Corp.

Arbor Metals is a mining exploration company focused on developing high-value, geographically significant mineral projects worldwide. Arbor is paving the way for advanced mineral exploration as it oversees world-class mining projects. The company is confident that combining quality projects with proven strategies and a dedicated team will yield exceptional outcomes. Arbor currently oversees three outstanding mineral projects.

The Jarnet lithium project, located in the James Bay region of Quebec, comprises 47 map-designated claims, covering an area of approximately 3,759 hectares. The Jarnet project is contiguous to the Corvette-FCI property, where diamond drilling has confirmed significant lithium mineralization, and represents one of the highest-profile lithium exploration projects in the sector.

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