Mr. Nathan Rotstein reports

EDISON LITHIUM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT AND GRANT OF OPTIONS

Edison Lithium Corp. has arranged a non-brokered private placement of up to four million units of the company at a price of 12 cents per unit for aggregate gross proceeds of up to $480,000. Each unit shall consist of one common share in the capital of the company and one share purchase warrant whereby each warrant shall be exercisable by the warrantholder to purchase one additional share at a price of 20 cents for a period of 24 months from the date of closing of the private placement.

Securities issuable in connection with the private placement will be subject to a statutory four-month hold period under applicable Canadian securities laws commencing on the closing date. The proceeds of the private placement will be used to finance the company's projects and for general working capital purposes.

In consideration of the introduction to the company of investors in the private placement, a finder's fee may be paid in cash and/or securities of the company in accordance with applicable securities laws and the policies of the TSX Venture Exchange. Completion of the private placement will be subject to receipt of all necessary regulatory approvals, including the acceptance of the exchange.

It is anticipated that insiders of the company may participate in the private placement. Any such participation will constitute a related-party transaction as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company intends to rely on the exemption from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(a) of MI 61-101 and the exemption from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Subsection 5.7(1)(a) of MI 61-101.

Grant of stock options

The company further announces the grant of an aggregate of 1.2 million incentive stock options to certain directors, officers and consultants of the company in accordance with the terms of the company's stock option plan. Each option entitles the holder thereof to purchase one share of the company at an exercise price of 20 cents for a period of five years until Sept. 7, 2028. In connection with any option granted to an insider of the company, such option is subject to the approval and ratification by the disinterested shareholders of the company, and such approval and ratification will be sought at the company's next annual general and special meeting of shareholders.

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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