Mr. Nav Dhaliwal reports

LITHIUM ONE ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION AND NAME CHANGE TO BLACK SPRUCE EXPLORATION INC.

Lithium One Metals Inc. has received approval from the TSX Venture Exchange to change the company's name to Black Spruce Exploration Inc. and to consolidate the company's outstanding common shares on the basis of one new common share for every three common shares.

The name change and consolidation will take effect at the start of trading on Dec. 4, 2025, and the company will trade under the symbol BARK and under the new Cusip No./ISIN (international securities identification number) 09225Q102/CA09225Q1028. As a result of the consolidation, the 82,891,113 common shares issued and outstanding prior to the consolidation will be reduced to approximately 27,630,371 common shares. Each shareholder's percentage ownership in the company and proportionate voting power will remain unchanged after the consolidation, except for minor changes and adjustments resulting from the treatment of any fractional common shares. As a result of the consolidation, if a shareholder becomes entitled to receive a fraction of a common share, such fractional share, if less than one-half, will be rounded down to zero (and cancelled) and, if equal to or greater than one-half, will be rounded up to one and added to the number of shares to be held by the shareholder.

In connection with the consolidation, the company expects to send letters of transmittal to registered holders of its common shares for use in transmitting their existing share certificates to the company's registrar and transfer agent, Endeavor Trust Corp., in exchange for new certificates representing the number of postconsolidation common shares to which each shareholder is entitled.

No delivery of a new certificate to a shareholder will be made until the shareholder has surrendered its existing certificates. Until surrendered, each existing certificate shall be deemed for all purposes to represent the number of postconsolidation common shares to which the holder is entitled.

About Lithium One Metals Inc.

Lithium One Metals is a Canadian exploration company specializing in the acquisition and development of high-potential lithium properties in Ontario and Quebec.

We seek Safe Harbor.