Mr. William Willoughby reports

CENTURY LITHIUM ANNOUNCES UPSIZE OF BROKERED LIFE FINANCING TO C$7,000,000

Century Lithium Corp., further to its news release dated March 10, 2026, as a result of strong investor demand, has increased the size of its previously announced brokered private placement from $5-million to $7-million, consisting of 14,893,617 units of the company at a price of 47 cents per unit. The offering will be conducted on a commercially reasonable best efforts basis by A.G.P. Canada Investments ULC, acting as sole agent and bookrunner for the offering, and A.G.P./Alliance Global Partners, acting as sole U.S. placement agent for the offering.

Each unit will consist of one common share in the capital of the company and one share purchase warrant. Each warrant will entitle the holder to acquire one additional share at a price of 65 cents for a period of five years from the closing of the offering.

The units will be offered by way of the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, in each of the provinces of Canada (except Quebec). Pursuant to NI 45-106 and the order, the units issued to Canadian residents under the offering will not be subject to resale restrictions. The company is relying on the exemptions in Part 5A of NI 45-106 and the order, and is qualified to distribute securities in reliance on the exemptions included therein.

The units may also be offered to persons in the United States pursuant to Rule 506(b) of Regulation D under the United States Securities Act of 1933, as amended, and similar exemptions under applicable U.S. state securities laws, as well as in offshore jurisdictions as agreed upon by the company and the agent pursuant to relevant prospectus or registration exemptions under any domestic securities laws, and may have resale restrictions in accordance with applicable laws.

In connection with the offering, the agent will receive a cash commission equal to 7.0 per cent of the gross proceeds of the offering and the company will issue to the agent non-transferable warrants representing 3.0 per cent of the aggregate number of units sold pursuant to the offering. Each broker warrant will entitle the holder to purchase one share of the company at a price of 65 cents for a period of five years from the closing of the offering.

The company intends to use the net proceeds raised from the offering to primarily carry out the next phase of technical and permitting work on the company's Angel Island lithium project in Esmeralda county, Nevada, to support continuing operations and to finance general working capital needs.

The offering is expected to close on or about March 16, 2026, or such other date that is within 45 days from the date of this news release, as the company and the agent may determine. The offering remains subject to certain conditions, including, but not limited to, the receipt of all necessary approvals and compliance with the policies of the TSX Venture Exchange.

There is an offering document related to the offering that will be made available under the company's profile on SEDAR+. The offering document will also be made available on the company's website. Prospective investors should read this offering document before making an investment decision.

About Century Lithium Corp.

Century Lithium is an advanced-stage lithium development company focused on its 100-per-cent-owned Angel Island lithium project in Esmeralda county, Nevada. Angel Island hosts one of the largest known sedimentary lithium deposits in the United States and is designed with an integrated, end-to-end process for the on-site production of battery-grade lithium carbonate to support the electric vehicle and battery storage markets.

The company has developed a patent-pending process that incorporates hydrochloric acid leaching combined with direct lithium extraction to produce battery-grade lithium carbonate. As part of the integrated chlor-alkali process, Angel Island is designed to produce sodium hydroxide as a co-product, with planned surplus sales expected to lower operating costs, reduce reliance on externally sourced reagents and minimize environmental impacts.

Century Lithium is currently advancing Angel Island through the permitting process.

Century Lithium trades on the TSX Venture Exchange under the symbol LCE, on the OTCQX under the symbol CYDVF and on the Frankfurt Stock Exchange under the symbol C1Z.

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