Mr. Nathan Rotstein of Edison Lithium reports

EDISON LITHIUM TO ACQUIRE ALKALI DISPOSITIONS IN SASKATCHEWAN

Edison Lithium Corp. has entered into an asset purchase agreement with Globex Mining Enterprises Inc. dated July 11, 2023, pursuant to which the company shall acquire from Globex the rights to certain alkali dispositions located in Ceylon Lake, Freefight Lake, and the north and south areas of Cabri Lake in the province of Saskatchewan.

The alkali dispositions are summarized in the attached table.

Under the terms of the agreement, Globex shall transfer all of its right, title and interest in the alkali dispositions to Edison Lithium in exchange for: (a) a cash payment of $35,000 payable to Globex by the company; (b) the issuance of 156,250 common shares in the capital of Edison Lithium in favour of Globex; and (c) the payment to Globex of a royalty of 2 per cent of gross revenue from commercial production (as such term is defined in the agreement) of mineral products by Edison Lithium.

The consideration shares to be issued in connection with the agreement shall be subject to a statutory hold period of four months from the date of issuance. The agreement, including the issuance of the consideration shares and all other transactions contemplated by the agreement, remains subject to all required regulatory approvals, including the acceptance of the TSX Venture Exchange.

About Edison Lithium Corp.

Edison Lithium is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium and other energy metal properties. The company's acquisition strategy is based on acquiring affordable, cost-effective and highly regarded mineral properties in areas with proven geological potential. Edison Lithium is building a portfolio of quality assets capable of supplying critical materials to the battery industry, and intends to capitalize on and have its shareholders benefit from the renewed interest in the battery metal space.

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