Mr. Allan Frame reports

BEYOND LITHIUM COMPLETES OVERSUBSCRIBED UNIT PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $935,500

Beyond Lithium Inc. has completed an oversubscribed, non-brokered private placement of 3,118,333 units of the company at a price of 30 cents per unit for aggregate gross proceeds of $935,500. Each unit consists of one common share in the capital of the company and a one-half common share purchase warrant. Each full warrant entitles 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 date, subject to customary adjustment and acceleration provisions in certain circumstances. The warrants are 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.

"The strong demand for our private placement in a what some would describe as a challenging financing market for exploration companies further highlights the quality of our lithium assets in Ontario and the success of our 2023 exploration campaign to date," said Allan Frame, president and chief executive officer of Beyond Lithium. "We are awaiting assay results from over 500 rock and channel samples and 240 drill core samples, 70 per cent of which come from our Victory, Ear Falls and Cosgrave projects. These results, expected shortly, will help guide our upcoming drill campaign at our Victory and Ear Falls spodumene projects. They will also give us an indication of the next steps on exploration at Cosgrave."

The company intends to allocate the net proceeds for payments under existing mineral property option agreements and for general corporate and working capital purposes.

In connection with the offering, the company paid certain eligible third parties dealing at arm's length with the company: (i) cash commissions totalling $23,908.50, representing 7 per cent of the proceeds raised from subscribers introduced to the company by such finders; and (ii) an aggregate of 79,695 non-transferable broker warrants, representing 7 per cent of the number of units sold to such subscribers, each exercisable to acquire one common share of the company for 24 months from the date of issuance at exercise price of 30 cents per share, subject to adjustment and acceleration provisions in certain circumstances.

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.