Mr. Alan Ferry reports

AVALON APPOINTS SCOTT MONTEITH AS chief executive officer AND CHANGES LOCATION FOR ANNUAL MEETING OF SHAREHOLDERS

Avalon Advanced Materials Inc. has appointed Scott Monteith as the company's chief executive officer.

Mr. Monteith, who has been serving as the company's interim chief executive officer since May, 2023, is an experienced clean tech executive, entrepreneur and business owner with a successful record of moving inventions from concept to commercial success. Mr. Monteith has led the company through the acquisition of the site for its planned lithium processing facility in Thunder Bay, Ont., the formation of its joint venture with SCR-Sibelco NV to develop its Separation Rapids lithium project and Lilypad project, as well as spearheading the overhaul of the company's strategic direction.

Alan Ferry, Avalon's lead director, commented: "On behalf of the board, we would like to congratulate Mr. Monteith on his appointment. Mr. Monteith's leadership has been integral to the company's progress throughout 2023 and we are looking forward to Mr. Monteith guiding Avalon through its continuing evolution into an advanced manufacturing company."

Location update for upcoming shareholder meeting

The annual and special meeting of the company's shareholders will now be held at TMX Market Centre, 120 Adelaide St. W, ground floor, Toronto, Ont., M5H 1T1, rather than at its prior location. The date and time of the meeting (Tuesday, Feb. 27, 2024, at 4 p.m.) remain unchanged.

About Avalon Advanced Materials Inc.

Avalon Advanced Materials is a Canadian advanced manufacturing 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 and Lilypad lithium-caesium projects. Avalon is also working to develop its Nechalacho rare earths and zirconium project located in the Northwest Territories. This deposit contains critical minerals for use in advanced technologies in the communications and defense industries among other sectors.

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