Mr. C. Howie Honeyman reports

FORWARD WATER TECHNOLOGIES CORP. COLLABORATES WITH CLEANTECH LITHIUM PLC IN PILOT PLANT FOR LITHIUM CHLORIDE ELUATE PRODUCTION

Forward Water Technologies Corp. is collaborating with CleanTech Lithium PLC and Conductive Energy Inc. in the supply of the industrial forward osmosis system for use in the hyperconcentrating of CleanTech Lithium's eluate and its conversion into battery-grade lithium carbonate by use of Conductive Energy's direct lithium extraction conversion process. The large-scale production volume of battery-grade lithium carbonate is intended to validate CleanTech Lithium's DLE process design and its commercial scalability. The produced battery-grade lithium carbonate is expected to be supplied to battery and automotive manufacturing companies as part of the evaluation process within long-term offtake agreements. The collaboration between Forward Water and CleanTech Lithium signals CleanTech Lithium's progression toward full-scale commercialization as the need for sustainable lithium production supply increases on a global scale due to the transition to electric mobility worldwide.

Grant Thornley, vice-president, engineering sales, for Forward Water, said, "Use of iFO in the hyperconcentrating of DLE eluate delivers operating simplicity to CleanTech Lithium's DLE process while realizing improved economics in lithium plant yield when compared to processes still using conventional thermal evaporation."

Furthermore, Forward Water's chief executive officer, C. Howie Honeyman, said, "We are proud to be a part of CleanTech Lithium's strategy of providing high-quality materials to the market while simultaneously producing the target materials with the best-in-class sustainable methods from the onset of production."

About Forward Water Technologies Corp.

Forward Water (TSX Venture Exchange: FWTC) is a publicly traded Canadian company dedicated to saving the Earth's water supply using its patented forward osmosis technology. The company was founded by GreenCentre Canada, a leading technology innovation centre supported by the government of Canada. The company's technology allows for the reduction of challenging waste streams simultaneously returning freshwater for reuse or surface release. The company's mandate is to focus on the large-scale implementation of its technology in multiple sectors, including industrial waste water, oil and gas, DLE, mining, agriculture, and ultimately municipal water supply and reuse market sectors. In addition, the company has initiated early-stage research and development for the treatment of food and beverage process streams.

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