Mr. Chris Doornbos reports

E3 LITHIUM WELCOMES FORMER ALBERTA ENERGY MINISTER, HON. SONYA SAVAGE, TO ITS BOARD OF DIRECTORS

Sonya Savage, former cabinet minister and Minister of Energy for the Province of Alberta, has joined E3 Lithium Ltd.'s board of directors, effective immediately.

Ms. Savage served as a senior minister for four years in the Alberta government as Minister of Energy, Minister of Justice and Solicitor General, and Minister of Environment and Protected Areas. Ms. Savage brings with her a wealth of expertise in developing and implementing climate and energy policies, legislation and regulations.

During her time as Minister of Energy, Ms. Savage oversaw the development of Alberta's energy and mineral resources and implemented policies, legislation and regulations to enable critical mineral development, including brine-hosted minerals, in the province. Ms. Savage led the development of Bill 82, the Mineral Resource Development Act, which received royal assent in 2021, giving regulatory oversight of Alberta's mineral resources to the Alberta Energy Regulator (AER) and positioning Alberta as a preferred producer and supplier of metallic and mineral resources. Ms. Savage also helped develop the governance structure and mandate for the Alberta Indigenous Opportunities Corp. in her role as Minister of Energy.

Ms. Savage worked in private practice as a litigator for 13 years and studied law at the University of Calgary. She received her master of law (LLM) in 2015 with a published thesis on the changing role of the National Energy Board. Ms. Savage was also appointed Queen's Counsel (King's Counsel) in 2022.

"Sonya is one of the true experts in policy across Alberta's energy industry," said Chris Doornbos, president and chief executive officer of E3 Lithium. "Her leadership in the development of the regulations underpinning the critical minerals industry in Alberta has been instrumental to the industry and E3 Lithium's growth. Her forward-thinking approaches will be invaluable as E3 Lithium advances into the next stages of its development. I couldn't be more excited to welcome her to the company's board of directors."

"Sonya is a very welcome addition to E3 Lithium's board of directors, and I extend to her a warm welcome on behalf of the entire board," said John Pantazopoulos, chairperson of the board of directors. "E3 Lithium will benefit immensely from Sonya's unique background, specialized knowledge of the energy sector and her proven track record of promoting economic diversification in Alberta."

The company has granted Ms. Savage 300,000 incentive stock options exercisable to acquire up to 300,000 common shares of the company at an exercise price of $1.70 per share under its omnibus equity incentive plan. One-third of the options will vest at each of the 12-month, 24-month and 36-month anniversaries and expire in three, four and five years, respectively. The grant of the options is subject to approval by the TSX Venture Exchange.

About E3 Lithium Ltd.

E3 Lithium is a development company with a total of 16 million tonnes of lithium carbonate equivalent (LCE) measured and indicated and 900,000 tonnes LCE inferred mineral resources in Alberta. As outlined in E3's preliminary economic assessment, the Clearwater lithium project has a net present value (discounted at 8 per cent) of $1.1-billion (U.S.) with a 32-per-cent internal rate of return before tax and an NPV of $820-million (U.S.) with a 27-per-cent IRR after tax. E3 Lithium's goal is to produce high-purity, battery-grade lithium products to power the growing electrical revolution. With a significant lithium resource and innovative technology solutions, E3 Lithium has the potential to deliver lithium to market from one of the best jurisdictions in the world.

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