Mr. Jeffrey Wilson reports

EUREKA LITHIUM CORP ANNOUNCES FLOW THROUGH PRIVATE PLACEMENT FOR UP TO $1.8 MILLION

Eureka Lithium Corp. intends to complete a non-brokered private placement financing of up to approximately 3,333,333 flow-through units of the company at a price of 54 cents per flow-through unit for aggregate gross proceeds of up to approximately $1.8-million.

Each flow-through unit shall consist of one common share in the capital of the company and one-half of one share purchase warrant, with each warrant entitling the holder thereof to purchase a share at an exercise price of 75 cents for a period of 24 months from the date of issuance.

Closing of the private placement is anticipated to occur on or about Nov. 29, 2023. Closing is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals. The net proceeds of the private placement are intended to be used to advance the company's Raglan West, Raglan South and New Leaf camps. Finder's fees may be paid to eligible arm's-length persons with respect to certain subscriptions accepted by the company, in accordance with the policies of the Canadian Securities Exchange. The flow-through units, including all underlying securities thereof, will have a hold period of four months and one day from the date of issue.

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About Eureka Lithium Corp.

Eureka Lithium is the largest lithium-focused landowner in the northern third of Quebec, known as the Nunavik region, with 100-per-cent ownership of three projects comprising 1,408 square kilometres in the emerging Raglan West, Raglan South and New Leaf lithium camps. These claims were acquired from legendary prospector Shawn Ryan and are located in a region that hosts two operating nickel mines, with deep-sea port access.

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