Mr. Ali Rahman reports

LEXI TO SETTLE PORTION OF INTEREST PAYMENT IN SHARES

Lithium Energi Exploration Inc. has agreed to settle a portion of the interest payment due to Arena Investors, LP as at Dec. 20, 2023, in common shares of Lexi. Pursuant to the credit agreement dated Feb. 1, 2023, between Arena and the company, as amended, as at Dec. 20, 2023, the company will owe Arena interest in the amount of $211,726. Arena has elected to take payment of $105,863 of such amount through the issuance of common shares, at a deemed price equal to the greater of the five-day volume weighted price proceeding the payment date of Dec. 20, 2023, or 11 cents per common share, being the market price on Dec. 13, 2023 (as determined pursuant to the policies of the TSX Venture Exchange).

The issuance of the common shares to Arena is subject to TSX-V acceptance.

About Lithium Energi Exploration Inc.

Lithium Energi Exploration is an exploration company focused on the acquisition, exploration and development of lithium brine assets in Argentina. Headquartered in Toronto, Ont., with offices in Catamarca, Argentina, the company's shares are listed on the TSX Venture Exchange, the Frankfurt Stock Exchange and the U.S. over-the-counter market. Lithium Energi's portfolio of prospective lithium brine concessions in the Argentina province of Catamarca (heart of the lithium triangle) includes approximately 57,000 hectares and a 20-per-cent interest in Triangle Lithium Argentina SA, which owns an additional 15,000 hectares -- all located in and around the Antofalla salar, one of the largest basins in the region, which is over 130 kilometres long and up to 20 km across. Lithium Energi is committed to innovation, sustainability and quality, striving to differentiate itself from other players in the industry to maximize its potential for success.

We seek Safe Harbor.