Mr. Ali Rahman reports

ARENA PROCEEDS WITH ENFORCEMENT ACTION

Arena Investors LP has provided Lithium Energi Exploration Inc. with a notice pursuant to Section 61 of the Personal Property Securities Act (British Columbia) that Arena seeks to take all of the issued and outstanding shares in Lithium Energi Argentina SA in full and final satisfaction for payment of the $7-million in principal, and all associated interest, outstanding pursuant to the secured credit agreement entered into between the company and Arena dated Feb. 1, 2023, as amended.

The enforcement action was delivered after the company received a notice of default and a notice of intention to enforce security pursuant to Section 244(1) of the Bankruptcy and Insolvency Act (Canada) as announced on March 7, 2025.

The company engaged in discussions with Arena to evaluate potential solutions to enable the company to carry on in some form, and sought alternative sources of financing to repay the amounts outstanding under the credit agreement, but was unable to arrange an alternative transaction.

Upon realization of the collateral, the company will no longer have any active business operations, and it expects that it will be transferred to the NEX board of the TSX Venture Exchange.

About Lithium Energi Exploration Inc.

Lithium Energi 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 exchange and the U.S. OTC markets. Lithium Energi's portfolio of prospective lithium brine concessions in the Argentine 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 kilometres across and the Hombre Muerto salar, Argentina's long-producing lithium basin. 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.