Mr. Simon Clarke reports

AMERICAN LITHIUM ARRANGES $7,160,000 STRATEGIC INVESTMENT IN SURGE BATTERY METALS

American Lithium Corp. has arranged a strategic investment for Surge Battery Metals Inc. to be completed by way of non-brokered private placement of up to 17.9 million units of Surge at a price of 40 cents per unit. Each unit will consist of one common share and one share purchase warrant exercisable for a period of three years at a price of 55 cents per share.

Upon completion of the private placement, American Lithium is expected to own approximately 9.9 per cent of Surge's issued and outstanding common shares on an undiluted basis.

Andrew Bowering, chairman of the company, commented: "We are pleased to make this strategic investment with Surge to support the further development of their Nevada North lithium claystone project. In addition to this funding support, our seven years exploring and developing claystones in Nevada will provide Surge with valuable experience in exploration, process and metallurgical study, permitting and general operational matters in the region."

The proceeds of the private placement will be utilized by Surge for advancement and development of the Nevada North lithium project and for general working capital purposes. In conjunction with closing American Lithium's portion of the private placement, Ted O'Connor, executive VP of American Lithium, will be appointed to the board of directors of the company.

All securities issued in connection with the private placement are subject to a four-month-and-a-day hold period in accordance with applicable securities laws.

Completion of the private placement, and the investment by American Lithium, remains subject to the approval of the TSX Venture Exchange.

About American Lithium Corp.

American Lithium is actively engaged in the development of large-scale lithium projects within mining-friendly jurisdictions throughout the Americas. The company is currently focused on enabling the shift to the new energy paradigm through the continued development of its strategically located TLC lithium claystone project in the richly mineralized Esmeralda lithium district in Nevada, as well as continuing to advance its Falchani lithium and Macusani, uranium development-stage projects in southeastern Peru. All three projects, TLC, Falchani and Macusani have been through robust preliminary economic assessments, exhibit strong significant expansion potential and enjoy strong community support. Prefeasibility work is well advanced at Falchani and has commenced at TLC.

We seek Safe Harbor.