Mr. Sreenath Didugu reports

ION ANNOUNCES UPSIZED PRIVATE PLACEMENT

Lithium Ion Energy Ltd., as a result of strong investor demand, has increased the aggregate proceeds of its previously announced non-brokered private placement from $600,000 to $1.5-million.

Under the terms of the upsized non-brokered private placement, the company proposes to issue 37.5 million units at a purchase price of four cents per unit to raise total gross proceeds of up to $1.5-million.

Each unit of the offering will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the company at a price of five cents at any time on or before that date that is 24 months from the closing date of the offering, subject to the approval of the TSX Venture Exchange. These units will be subject to a statutory hold period of four months plus one day from the date of issuance.

The net proceeds from the offering will be used maintain the company's existing exploration portfolio and for general working capital. The units will be offered to qualified investors in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. The company may pay finders' fees to eligible finders in connection with the offering, subject to compliance with applicable securities laws and the policies of the TSX-V.

All securities issued and sold under the offering will be subject to a hold period expiring four months and one day after the date of issuance in accordance with applicable securities laws and the policies of the TSX-V. Completion of the offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX-V.

About Lithium Ion Energy Ltd.

Lithium Ion Energy is committed to exploring and developing high-quality lithium resources in strategic jurisdictions. The company is focused on advancing the 29,000-plus-hectare Urgakh Naran highly prospective lithium brine licence in Dorngovi province in Mongolia. It is positioned to be a key player in the clean energy revolution and service the world's increased demand for lithium.

We seek Safe Harbor.