Mr. Nathan Rotstein reports

EDISON LITHIUM PROCEEDS WITH WARRANT REPRICING

Edison Lithium Corp. is proceeding with the proposed warrant amendments initially announced on Sept. 6, 2023. The company had previously announced the cancellation of the proposed warrant amendments on Jan. 2, 2024, but after further consideration and additional consultation with the TSX Venture Exchange, the company will proceed to amend the exercise terms of an aggregate 3,926,125 common share purchase warrants out of a possible 4,048,000 warrants issued pursuant to private placements that closed on Feb. 26, 2021, May 7, 2021, and May 28, 2021, subject to TSX-V final approval.

In particular, the exercise price of these 3,926,125 warrants was repriced to 20 cents from effective exercise prices ranging from 96 cents to $1.44 resulting from a one-for-eight common share consolidation that was completed on Aug. 1, 2023. These warrants, as amended, are subject to an accelerated expiry provision such that, if, for any 10 consecutive trading days during the unexpired term of the warrants, the closing price of the company's shares on the TSX-V exceeds 25 cents, representing the amended warrant exercise price of 20 cents plus 25 per cent, the exercise period of the warrants will be reduced to 30 days, starting seven days after the last premium trading day. The company will announce any such accelerated expiry date by news release. Of these 3,926,125 repriced warrants, 1,118,750 warrants expire on Feb. 26, 2025, 2,707,375 warrants expire on May 7, 2025, and 100,000 warrants expire on May 28, 2025. All other terms remain unchanged.

About Edison Lithium Corp.

Edison Lithium is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium, alkali 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 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.

We seek Safe Harbor.