Mr. Satvir Dhillon reports

COMPLETION OF INITIAL PUBLIC OFFERING AND LISTING ON THE CSE

Forza Lithium Corp. has completed its initial public offering of five million common shares at a price of 10 cents per share for gross proceeds of $500,000. Leede Jones Gable Inc. also elected to exercise its overallotment option in full in connection with the IPO. Pursuant to the agent's exercise of the overallotment option, the company has issued an additional 750,000 shares at a price of 10 cents per share for gross proceeds of $75,000.

The agent has been paid a cash commission equal to 9 per cent of the gross proceeds from the sale of the common shares pursuant to the IPO and its exercise of the overallotment option, together with a cash corporate finance fee. Additionally, the company has granted compensation options to the agent entitling the agent to purchase up to 517,500 shares at an exercise price of 10 cents per share, exercisable on or before June 27, 2025.

The company has also issued 400,000 common shares to Gravel Ridge Resources Ltd., a private company controlled by Michael Frymire, and 1544230 Ontario Inc., a private company controlled by Perry English, pursuant to the Jeanette property option agreement dated March 23, 2022, as amended Jan. 9, 2023, made between the company and the optionors.

The company currently has 18,275,000 shares issued and outstanding.

The company's shares are listed on the Canadian Securities Exchange and will begin trading on the CSE under the symbol FZ on June 28, 2023.

About Forza Lithium Corp.

The company is engaged in acquisition, exploration and development of mineral property assets in Canada. The company's objectives are to locate and develop properties, with a focus on critical minerals in the emerging electric-vehicle lithium battery industry, and to conduct its exploration program on the Jeanette property. The Jeanette property is located approximately 84 kilometres northeast of the town of Ear Falls, Ont., and 105 kilometres east of the mining community of Red Lake, Ont.