Mr. Simon Clarke reports

PERUVIAN SUPERIOR COURT UNANIMOUSLY CONFIRMS TITLE OF AMERICAN LITHIUM'S 32 DISPUTED MINERAL CONCESSIONS

A three-judge tribunal of Peru's Superior Court SALA 4 specialized in administration disputes has unanimously upheld the ruling of the lower court judge from Court SALA 6 reported on Nov. 2, 2021, in favour of American Lithium Corp.'s subsidiary, Macusani Yellowcake, in relation to title over 32 disputed concessions out of 172 owned by Macusani.

The court ruling, consistent with prior legal proceedings, clearly establishes that Macusani is the rightful owner of these concessions. Furthermore, it highlights that the action launched by Ingemmet and Minem in October, 2018, was baseless and unsubstantiated.

Simon Clarke, chief executive officer of American Lithium, stated: "We are extremely pleased with this ruling, as it validates the company's contention that the actions of Ingemmet and Minem were inappropriate from the start of this process. It is very encouraging to see that the Peruvian judicial system continues to support the facts of this case and has found against Ingemmet and Minem for the actions they have taken. The company has never lost title over the disputed concessions, which only represent a small fraction of our leases. For this reason, we have continued to advance the Falchani project and look forward to the announcement of additional progress shortly."

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 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 hardrock lithium project and Macusani uranium project 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 advancing well at Falchani and TLC.

We seek Safe Harbor.