Mr. Blake Hylands reports

LITHIUM IONIC ANNOUNCES CLOSING OF FINAL TRANCHE OF OVERSUBSCRIBED NON-BROKERED PRIVATE PLACEMENT

Lithium Ionic Corp. has closed the second and final tranche of its previously announced non-brokered private placement financing. Together with the first tranche, which closed on Sept. 29, 2025, the company has issued an aggregate of 26,090,130 units at a price of 70 cents per unit for total gross proceeds of $18,263,091. The second tranche consisted of 7,739,989 units for gross proceeds of $5,417,992.

Each unit comprises one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of 90 cents per common share for a period of 24 months following the date hereof.

The company plans to use the aggregate net proceeds of the offering for development of its Brazilian properties and general corporate purposes.

The securities being issued pursuant to the offering are subject to a four-month hold period under applicable securities laws. The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The company did not pay any finders' fees in connection with the offering.

Certain insiders of the company acquired 947,929 units in the second tranche. The insider participation constitutes a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The insider participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the units subscribed for by the insiders nor the consideration for the units paid by such insiders exceeds 25 per cent of the company's market capitalization.

RTEK International DMCC compensation for completed feasibility study

The company intends to issue 7,790,109 common shares to RTEK pursuant to the services agreement dated April 2, 2025, between the company and RTEK. The shares for services are consideration for RTEK's support with the successful completion of the company's National Instrument 43-101 feasibility study announced on Sept. 17, 2025, and targeted capex (capital expenditure) reduction of $75.2-million (U.S.) from the company's May, 2024, feasibility study. The shares for services are subject to the approval of the TSX Venture Exchange.

About Lithium Ionic Corp.

Lithium Ionic is a Canadian mining company exploring and developing its lithium properties in Brazil. Its flagship Itinga and Salinas projects cover 14,668 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. The Itinga project is situated in the same region as CBL's Cachoeira lithium mine, which has produced lithium for more than 30 years, as well as Sigma Lithium Corp.'s Grota do Cirilo project, which hosts the largest hard-rock lithium deposit in the Americas.

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