Mr. Blake Hylands reports

LITHIUM IONIC PROVIDES UPDATE

Lithium Ionic Corp. is aware of the Ontario Securities Commission's publication regarding a regulatory matter involving another reporting issuer and individuals who have, or have had, an association with the company.

Lithium Ionic is not a respondent in this matter and no orders have been sought against Lithium Ionic. The allegations contained in the proceeding have not been proven.

The board of directors has established a special committee of independent directors to oversee the company's communications and disclosure in respect of this matter.

About Lithium Ionic Corp.

Lithium Ionic is a Canadian lithium development company focused on responsibly advancing its 100-per-cent-owned Bandeira lithium project in Minas Gerais, Brazil.