Mr. Allan Frame reports

BEYOND LITHIUM ANNOUNCES UPSIZED PRIVATE PLACEMENT

As a result of strong investor demand, Beyond Lithium Inc.'s private placement previously announced on Oct. 23, 2023, is being increased to up to 2.5 million units of the company at a price of 30 cents per unit for aggregate gross proceeds of up to $750,000. Each unit will consist of one common share in the capital of the company and one-half common share purchase warrant. Each full warrant will entitle the holder to purchase one additional share in the capital of the company at a price of 45 cents per share for a period of 24 months from the closing of the offering, subject to customary adjustment and acceleration provisions in certain circumstances. The warrants will be subject to a provision that if the volume-weighted average trading price of the common shares of the company on the Canadian Securities Exchange equals or exceeds 70 cents over any period of 10 consecutive trading days, the company will be entitled to accelerate the expiry date of the warrants to the date which is 20 days following the date notice of such acceleration is delivered to holders of the warrants.

Assuming the offering is fully subscribed, the company intends to allocate the net proceeds for payments under existing option agreements, general corporate and working capital purposes. Actual allocation of the net proceeds may vary from the foregoing and if the offering is not fully subscribed, the company may allocate the net proceeds of the offerings in such priority and proportions as the board of directors or management of the company determines is in the best interests of the company.

In connection with the offering, the company may pay finders' fees in cash or securities, or a combination of both, as permitted by the policies of the exchange. If finders' fees are paid in connection with the offering, it is expected that any cash finders' fee will be equal to 7 per cent of the proceeds placed by the applicable finder, and any finder's fee paid in securities will be equal to 7 per cent of the number of units placed by the applicable finder. Each finder's warrant will be exercisable for one share at a price of 30 cents per share for a period of 24 months from the closing date.

There is no minimum number of units or minimum aggregate proceeds required to close the offering and the company may, at its discretion, elect to close the offering in one or more tranches. The securities issued pursuant to the offering will be subject to a four-month hold period from their date of issuance.

A portion or all of the offering may be completed pursuant to Multilateral CSA Notice 45-313 -- Prospectus Exemption for Distributions to Existing Security Holders and the corresponding blanket orders and rules implementing CSA 45-313 in the participating jurisdictions in respect thereof. As at the date hereof, the existing security holder exemption is available in each of the provinces of Canada, with the exception of Newfoundland and Labrador. Subject to applicable securities laws, the company will permit each person or company who, as of Nov. 9, 2023 (being the record date set by the company pursuant to CSA 45-313), holds common shares as of that date to subscribe for the units that will be distributed pursuant to the offering, provided that the existing security holder exemption is available to such person or company. Qualifying shareholders who wish to participate in the offering should contact the company. In the event that aggregate subscriptions for units under the offering exceed the maximum number of securities to be distributed, then units will be sold to qualifying subscribers on a pro rata basis based on the number of units subscribed for. Insiders may participate in the offering. Qualifying shareholders who wish to participate in the offering should contact the company.

There is no material fact or material change of the company that has not been disclosed.

In addition to conducting the offering pursuant to the existing security holder exemption, the offering will also be conducted pursuant to other available prospectus exemptions.

About Beyond Lithium Inc.

Beyond Lithium is the largest greenfield lithium exploration player in Ontario with 63 high-potential greenfield lithium properties totalling over 195,000 hectares. The company has adopted the project generator business model to maximize funds available for exploration projects, while minimizing shareholder dilution. Beyond Lithium is advancing certain of its projects with its exploration team and will seek to option other properties to joint venture partners. Partnering on various projects will provide a source of non-dilutive working capital, partner-financed exploration and long-term residual exposure to exploration success.

We seek Safe Harbor.