An anonymous director reports

CONSOLIDATED LITHIUM ANNOUNCES $3,000,000 PRIVATE PLACEMENT FINANCING

Consolidated Lithium Metals Inc. intends to complete a best efforts non-brokered private placement financing of up to 50 million units at a price of six cents per unit for gross proceeds of up to $3-million. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share of the company at an exercise price of eight cents for a period of 36 months from issuance.

Closing of the offering is expected to occur on or about Nov. 15, 2023. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day. Completion of the offering is subject to a number of conditions, including without limitation, receipt of TSX Venture Exchange approval. Finders' fees may be paid to eligible finders in accordance with the policies of the TSX-V consisting of a cash commission equal to up to 6 per cent of the gross proceeds raised under the offering and finder warrants in an amount equal to up to 6 per cent of the number of units sold pursuant to the offering. Each finder warrant will entitle the holder thereof to purchase one common share of the company at a price of eight cents per share for a period of 24 months following the closing date of the offering.

The company intends to use the net proceeds from the offering for working capital and general corporate purposes.

About Consolidated Lithium Metals Inc.

Consolidated Lithium Metals (formerly known as Jourdan Resources Inc.) is a Canadian junior mining exploration company trading under the symbol CLM on the TSX Venture Exchange and 2JR1 on the Stuttgart Stock Exchange. The company is focused on the acquisition, exploration, production and development of mining properties. The company's properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne batholith, around North American Lithium's Quebec lithium mine.

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