Mr. Blake Hylands reports

LITHIUM IONIC FILES NI 43-101 TECHNICAL REPORT FOR THE BANDEIRA MINERAL RESOURCE ESTIMATE, MINAS GERAIS, BRAZIL

Lithium Ionic Corp. has filed the independent National Instrument 43-101-compliant technical report for its 100-per-cent-owned Bandeira lithium project in Minas Gerais state, Brazil, related to the updated mineral resource estimate (MRE) for the project, announced on May 6, 2025.

The technical report, titled "Bandeira Lithium Project NI 43-101 Technical Report Mineral Resource Update, Aracuai-Itinga, Minas Gerais, Brazil," was prepared by GE21 Consultoria Mineral Ltda., AtkinsRealis, L&M Advisory and Planminas, in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has an effective date of Nov. , 2024. The MRE was prepared by GE21.

The report details the MRE comprising measured and indicated resources of 27.27 million tonnes grading 1.34 per cent lithium oxide (Li2O) (901,059 tonnes of lithium carbonate equivalent (LCE)) and an additional 18.55 million tonnes in the inferred category grading 1.34 per cent Li2O (615,432 tonnes LCE). An updated feasibility study to integrate this expanded MRE is under way and expected in H2 (second half) 2025.

This updated Bandeira MRE increases the company's consolidated, global mineral resources to 36.76 million tonnes grading 1.31 per cent Li2O in the M&I (measured and indicated) category, in addition to 31.87 million tonnes grading 1.19 per cent Li2O in the inferred category.

Bandeira covers 158 hectares, less than 1 per cent of Lithium Ionic's 17,000-hectare land position but has rapidly advanced to become one of the most promising lithium development-stage assets in Brazil. It is located adjacent to Sigma Lithium Corp.'s Grota do Cirilo and Barreiro projects and directly beside Companhia Brasileira de Litio's (CBL) long-standing underground lithium operation.

The technical report is available on SEDAR+ under Lithium Ionic's issuer profile and on the company's website.

About Lithium Ionic Corp.

Lithium Ionic is a Canadian mining company exploring and developing its lithium properties in Brazil. Its Itinga and Salinas group of properties cover approximately 17,000 hectares in the northeastern part of Minas Gerais state, a mining-friendly jurisdiction that is quickly emerging as a world-class hard-rock lithium district. Its feasibility-stage Bandeira project is situated in the same region as CBL's Cachoeira lithium mine, which has produced lithium for 30-plus years, as well as Sigma Lithium's Grota do Cirilo project, which hosts the largest hard-rock lithium deposit in the Americas.

Qualified persons

Carlos Jose Evangelista Silva, MSc, Geo (MAIG membership No. 7868), of GE21, is a qualified person as defined by NI 43-101, and has reviewed and approved the technical information and data regarding the MRE included in this news release. Mr. Silva is independent of Lithium Ionic. All other scientific and technical information in this news release has been reviewed and approved by Carlos Costa, vice-president exploration of Lithium Ionic, and Blake Hylands, chief executive officer and a director of Lithium Ionic, and both are qualified persons as defined in NI 43-101.

We seek Safe Harbor.