Mr. Alex Tsakumis reports

AMERICAN LITHIUM ANNOUNCES UPSIZING OF PRIVATE PLACEMENT

Due to significant interest, American Lithium Corp. has requested and received conditional approval from the TSX Venture Exchange to increase the size of its previously announced non-brokered private placement and will now offer up to 34,814,815 units of the company at a price of 27 cents per unit for aggregate gross proceeds of up to $9.4-million.

Each unit issued pursuant to the private placement will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at an exercise price of 50 cents for 36 months from the closing date of the private placement.

The private placement is subject to certain closing restrictions, including, but not limited to, the receipt of all necessary regulatory approvals and the approval of the TSX-V.

The private placement will be made to qualified investors in such provinces of Canada as the company may designate, and otherwise in those jurisdictions where the private placement can lawfully be made. All securities issued pursuant to the private placement will be subject to a four-month hold and one day hold period in accordance with applicable Canadian securities laws.

About American Lithium Corp.

American Lithium is developing two of the world's largest, advanced-stage lithium projects, along with the largest undeveloped uranium project in Latin America. They include the TLC claystone lithium project in Nevada, the Falchani hard rock lithium project and the Macusani uranium deposit, both in southern Peru. All three projects have been through robust preliminary economic assessments, exhibit significant expansion potential and enjoy strong community support.

We seek Safe Harbor.