Mr. Scott Monteithreports

AVALON TO HOST Q&A ON BUILDING ONTARIO'S FIRST BATTERY-GRADE LITHIUM SUPPLY CHAIN

Consistent with its mission to build Ontario's first vertically integrated lithium supply chain, Avalon Advanced Materials Inc. will provide investors with a strategic update on its corporate strategy for the 2024 fiscal year.

What:  one-hour question-and-answer webinar

When:   Thursday, Dec. 7, 2023, at 11 a.m. ET

Who:  Scott Monteith, chief executive officer of Avalon, Zeeshan Syed, president of Avalon, and Jan Holland, executive chairman of Avalon

Members of the company's senior leadership team will also provide a detailed overview of the transformative developments that were achieved in 2023, including a new joint venture agreement to commercialize the flagship Separation Rapids petalite deposit in Northwestern Ontario, as well as the purchase of the Strathcona industrial site in Thunder Bay. The site will host a planned full-service lithium hydroxide processing facility -- a historic first in Ontario.

"Avalon has achieved a number of significant milestones that demonstrate our new management team's steadfast commitment to delivering on the potential Avalon has long had -- and our shareholders have long expected," said Mr. Monteith. "We have a number of key initiatives in store for fiscal 2024 we are beginning to share with the market as we continue to pursue an aggressive growth strategy to process and deliver battery-grade lithium to an expanding base of battery manufacturers in Southern Ontario and North America."

Webinar agenda:

• Avalon strategic overview;
• Details of Separation Rapids Ltd. joint venture;
• Development plans for Strathcona processing facility;
• Additional Avalon critical mineral projects under development.

Avalon encourages shareholders and other interested parties to register for the one-hour live presentation and question-and-answer session by visiting the webinar registration page.

In advance of the presentation, attendees are encouraged to download and read the Avalon fall, 2023, white paper, Securing Canada's Critical Minerals Future, for additional company background and context.

About Avalon Advanced Materials Inc.

Avalon Advanced Materials is a Canadian mineral development company focused on vertically integrating the Ontario lithium supply chain. The company, through its joint venture with SCR Sibelco NV, is currently developing its Separation Rapids lithium deposit near Kenora, Ont., while also continuing to advance the Snowbank lithium project nearby and its Lilypad lithium-cesium project located near Fort Hope, Ont. Avalon is also working to develop its Nechalacho rare earth and zirconium project located in the Northwest Territories. The deposit contains critical minerals for use in advanced technologies in the communications and defence industries among other sectors.

In addition to these upstream activities, Avalon is executing on a key initiative to develop Ontario's first mid-stream lithium hydroxide processing facility in Thunder Bay, Ont., a vital link bridging the lithium resources of the north with downstream EV (electric vehicle) battery manufacturing customers and markets in the south. Social responsibility and environmental stewardship are corporate cornerstones. Avalon is listed on the Toronto Stock Exchange under the symbol AVL and on the OTCQB exchange under the symbol AVLNF.

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