Mr. Kirby Renton repoorts

ARCTIC FOX ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Arctic Fox Lithium Corp. is launching a non-brokered private placement of up to 12.5 million units at a price of 24 cents per unit for gross proceeds of up to $3-million. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional share at a price of 31.5 cents per share for a period of 24 months from the date of issuance.

The units will be offered: (a) by way of private placement in all of the provinces of Canada pursuant to applicable exemptions from the prospectus requirements under applicable Canadian securities laws; (b) in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement pursuant to the exemptions from the registration requirements provided for under the U.S. Securities Act of 1933, as amended; and (c) in jurisdictions outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction. The securities to be issued pursuant to the offering to purchasers in Canada will be subject to a four-month-and-one-day hold period in Canada pursuant to applicable Canadian securities laws. The units will be offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirements in Canada available under OSC Rule 72-503 (Distributions Outside Canada), and, accordingly, the securities to be issued pursuant to the offering to purchasers outside of Canada are not expected to be subject to a four-month-and-one-day hold period in Canada.

The company will use the net proceeds from the offering for general working and administrative capital, costs related to the offering and exploration expenditures in connection with the Shipshaw property and its other mineral properties. Finders' fees may be payable in connection with the offering.

About Arctic Fox Lithium Corp.

Arctic Fox is a junior mineral exploration company focused on the acquisition and development of mineral properties containing battery and rare earth metals. The company's 2,756-hectare Pontax North lithium project is located 12 kilometres south of Allkem Ltd.'s James Bay lithium project and 12 km north of Stria Lithium Inc.'s Pontax lithium project, located in Northern Quebec, approximately 130 km east of the Eastmain Cree Nation's community. The company is currently planning a second-phase exploration program at Pontax North and continues to evaluate accretive opportunities across the rare earth element and broader critical mineral sectors to complement and expand its project portfolio.

We seek Safe Harbor.