Mr. Blake Hylands reports

LITHIUM IONIC CONFIRMS VALID TITLE TO BRAZILIAN MINERAL CLAIMS

Lithium Ionic Corp. is providing additional context further to its news release dated April 10, 2026.

The company is aware of recent speculation regarding the ownership of certain of its Brazilian mineral claims referenced in the regulatory proceeding. Lithium Ionic confirms that it holds valid and registered title to these mineral rights, including its flagship Bandeira project.

The company's interest in these claims is supported by independent legal title opinions and publicly available records maintained by Brazil's National Mining Agency (Agencia Nacional de Mineracao, or ANM), and these do not indicate prior ownership by the issuer referenced in the regulatory proceeding.

Blake Hylands, PGeo, chief executive officer of Lithium Ionic, commented: "In response to some inquiries we have received regarding ownership of our Brazilian mineral claims, we want to be clear that our title is well established, supported by independent verification and does not indicate prior ownership by the issuer referenced in the recent regulatory proceeding. Our focus remains on advancing our flagship Bandeira project and executing on our strategy as we progress toward becoming a near-term lithium producer."

As previously stated, Lithium Ionic is not a respondent in the regulatory proceeding involving another reporting issuer and certain individuals, and no orders have been sought against the company. The allegations contained in the proceeding have not been proven.

The board of directors has established a special committee comprised 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, a region coined the Lithium Valley that is emerging as a world-class hard-rock lithium district. The company is executing on a focused development strategy centered on engineering derisking, permitting advancement, commercial planning and construction readiness, with the goal of becoming a near-term producer of high-quality spodumene concentrate for global battery supply chains.

We seek Safe Harbor.