Mr. Simon Clarke reports

AMERICAN LITHIUM ANNOUNCES APPOINTMENT OF NEW AUDITOR

American Lithium Corp. has engaged Davidson & Company LLP, chartered professional accountants, as auditor of the company for the 2024 fiscal year. Davidson is a full-service accounting firm based in Western Canada. It is one of the largest public auditors in Canada with significant experience in the natural resource sector, including engagements with numerous mining companies focused on many jurisdictions globally.

To facilitate the engagement, Ernst & Young LLP, chartered professional accountants, has resigned as auditor at the request of the company. At the time of the resignation, there was an unresolved issue outstanding where the company had agreed to conduct an external review of the veracity of comments made by a third party. The company completed this review, but, at the date of its resignation, EY had not had an opportunity to perform an analysis of the review. Given timelines ahead of financial year-end reporting, the company has appointed Davidson, and EY has been authorized to respond fully to any inquiries by Davidson concerning the above matter to assist with the transition.

In accordance with applicable securities laws, the notice of change of auditor, together with the required letters from EY and Davidson, has been reviewed by the board of directors of the company and filed under the profile for the company on SEDAR+.

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 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 is advancing well at TLC and Falchani.

We seek Safe Harbor.