Mr. Rene Bharti reports

CONSOLIDATED LITHIUM METALS ANNOUNCES CLOSING OF $8.9 MILLION PRIVATE PLACEMENT FINANCING

Consolidated Lithium Metals Inc., further to its news release on March 18, 2026, has closed the second and final tranche of its previously announced non-brokered offering of securities of the company. Together with the first tranche of the offering, the company obtained gross proceeds of approximately $8,935,320.

In connection with the final tranche, the company obtained aggregate gross proceeds of approximately $1,050,320 by issuing 10,940,830 flow-through (FT) shares of the Company at a price of 9.6 cents per critical FT share. Each critical FT share consists of one common share of the company that will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada).

Richard Quesnel, Consolidated Lithium Metals' chief executive officer, commented, "We are pleased with the continued support from our shareholders, which reflects confidence in our strategy and our portfolio of critical mineral projects, including Kwyjibo, and positions the company well to advance its objectives."

The critical FT shares issued pursuant to Canadian prospectus exemptions under National Instrument 45-106, Prospectus Exemptions, are subject to a statutory four-month hold period ending Aug. 11, 2026, pursuant to applicable Canadian securities laws.

The company paid an aggregate of approximately $84,025 and issued a total of 875,266 non-transferable finders' warrants as finders' fees to certain persons who assisted the company in connection with the final tranche, including Integrity Capital Group Inc. and Research Capital Corp. The finders' warrants were issued at an exercise price equal to 9.6 cents per finder's warrant. Each finder's warrant entitles the holder thereof to purchase one common share and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at an exercise price of 12 cents until April 10, 2029. The finders' warrants and common shares and warrants issuable upon exercise of the finders' warrants are subject to a statutory four-month hold period ending Aug. 11, 2026, pursuant to applicable Canadian securities laws.

The company intends to use the gross proceeds from the issuances of critical FT shares for exploration expenses and critical mineral mining expenditures on the Kwyjibo rare earth project, as detailed in the company's news release dated Nov. 18, 2025, and its lithium properties.

The offering remains subject to the final acceptance of the TSX Venture Exchange.

In addition, further to its news release on March 18, 2026, the company announces a correction to certain fees paid in connection with the non-brokered private placement offering of securities of the company.

The company paid an aggregate of approximately $379,200.01 and issued a total of 4,344,998 finders' warrants as finders' fees to certain persons, including Integrity Capital Group Inc., BT Global Growth Inc., Research Capital Corp. and PB Markets Inc., in consideration for introducing certain purchasers to the company. One hundred eighty thousand of the finders' warrants were issued at an exercise price equal to eight cents per finder's warrant for finders' warrants issued due to sales of LIFE (listed issuer financing exemption) units, 1,874,998 of the finders' warrants were issued at 9.6 cents per finder's warrant for finders' warrants issued due to sales of critical FT shares and 2.29 million of the finders' warrants were issued at 12 cents per finder's warrant for finders' warrants issued due to sales of charity FT units. Each finder's warrant entitles the holder thereof to purchase one common share and one-half of one warrant. The finders' warrants and common shares and warrants issuable upon exercise of the finders' warrants are subject to a statutory four-month hold period ending July 18, 2026, pursuant to applicable Canadian securities laws. In addition, the company paid Integrity Capital Group an advisory fee of $150,000, plus applicable HST, and 1,875,000 advisory warrants at an exercise price equal to eight cents per advisory warrant. Each advisory warrant entitles the holder thereof to purchase one common share and one-half of one warrant. The advisory warrants and common shares and warrants issuable upon exercise of the advisory warrants are subject to a statutory four-month hold period ending July 18, 2026, pursuant to applicable Canadian securities laws.

About Consolidated Lithium Metals Inc.

Consolidated Lithium Metals is a Canadian junior mining exploration company trading under the symbol CLM on the TSX Venture Exchange, Z36 on the Frankfurt Stock Exchange and JORFF on the OTCQB Venture Market. The company is focused on the exploration and development of critical mineral projects in stable jurisdictions. The company is committed to supporting the energy transition through the responsible development of critical mineral supply chains.

We seek Safe Harbor.