Mr. Chris Doornbos reports

E3 LITHIUM CLOSES SALE OF NON-CORE SASKATCHEWAN ASSETS

E3 Lithium Ltd. has successfully closed its previously announced sale of non-core, Saskatchewan-based, Estevan lithium district assets.

E3 Lithium has received cash proceeds of $4-million (U.S.) (approximately $5.6-million (Canadian)), pursuant to the asset purchase and sale agreement announced on Sept. 30, 2025.

All closing conditions were satisfied or waived, including third party consents, regulatory approvals and satisfactory environmental and surface rights due diligence. Final cash proceeds are net of permitted purchase price adjustments per the agreement of approximately $300,000 (U.S.).

"This sale provides nearly a three-time return on E3 Lithium's total cost to acquire, hold and develop the Estevan assets," said Chris Doornbos, chair and chief executive officer of E3 Lithium. "The value realized through the sale enables E3 Lithium to focus on advancing our flagship lithium development, the Clearwater project in Alberta. In conjunction with the recent closing of our equity financing, monetizing this non-core asset provides additional non-dilutive capital to progress through our demonstration program and advance the Clearwater project engineering and permitting."

About E3 Lithium Ltd.

E3 Lithium is a development company with a total inferred mineral resources of 21.2 million tonnes of lithium carbonate equivalent (LCE) measured and indicated as well as 300,000 tonnes LCE in Alberta and inferred mineral resources of 2.5 million tonnes LCE in Saskatchewan. The Clearwater prefeasibility study outlined a 1.13-million-tonne-LCE proven and probable mineral reserve with a pretax net present value (discounted at 8 per cent) of $5.2-billion (U.S.) with a 29.2-per-cent internal rate of return and an after-tax NPV (discounted at 8 per cent) of $3.7-billion (U.S.) with a 24.6-per-cent IRR.

Unless otherwise indicated, Kevin Carroll, PEng, chief development officer and a qualified person under National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

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