Mr. Carlos Vicens reports

FULL CIRCLE LITHIUM MEETS CLIENT'S LITHIUM PRODUCT SPECIFICATIONS AND MOVES TO COMMERCIAL PHASE

Full Circle Lithium Corp. has provided an update regarding the company's progress on the operations of its first modular demonstration lithium extraction and processing plant for a global chemical company at one of its specialty chemical plants in the united States.

Full Circle has successfully completed the demonstration plant phase with its initial client, a global specialty chemical company. Following considerable lab and pilot scale work, Full Circle had deployed its modular processing plant to the client's chemical facility in order to demonstrate, at scale and in a live setting, that its plant, driven by its proprietary direct lithium extraction technology (DLE), could extract lithium from the client's waste stream and make a high-quality lithium product that met the client's rigorous level of purity. Full Circle's modular plant and DLE not only extracted over 99 per cent of the previously lost lithium from the client's effluent stream, but also removed all necessary impurities in order to qualify the lithium product for purchase by this client.

"This is a major derisking milestone for our new company as we have demonstrated that our robust lithium extraction and processing technology works at scale in a real-life deployed setting," said Carlos Vicens, chief executive officer, director and founder of Full Circle. "Making qualified lithium product for our first client gets us closer to near-term deployment of a commercial-scale plant and revenue generation, which we believe will be a first for a north American lithium technology start-up. This achievement also opens the door to a number of other potential clients as they assess our technology and ability to execute at a commercial scale."

The demonstration plant is now back at the Full Circle plant for refurbishment and expansion for redeployment at the client's site as a commercial-scale plant. Next steps for full commercial production include Full Circle providing to the client a large sample of qualified lithium product for a run through the client's commercial plant to make its own product, and completion of a definitive agreement, both of which are in progress. Deployment of the commercial plant to the client's facilities and production ramp-up would then follow, which is expected this quarter.

About Full Circle Lithium Corp.

Situated in the epicentre of the largest EV (electric vehicle) buildout in North America, Full Circle's fully permitted lithium carbonate processing plant in the state of Georgia, United States, combined with a complement of seasoned lithium experts makes Full Circle a different processor and manufacturer of lithium compounds.

We seek Safe Harbor.