Mr. Blake Hylands reports

LITHIUM IONIC REPORTS AGM VOTING RESULTS, INCLUDING ELECTION OF TWO NEW INDEPENDENT DIRECTORS

Lithium Ionic Corp. has released the voting results from its annual general meeting of shareholders held on Aug. 18, 2026. Shareholders holding 103,969,271 shares or 52.7 per cent of the outstanding shares of the company were represented at the meeting.

Shareholders voted in favour of all resolutions put before the meeting, including:

• Fixing the number of directors to be elected at the meeting at six;
• Reappointing Deloitte LLP as auditor and authorizing the directors to fix the auditor's remuneration;
• Ratifying and approving the company's stock option plan;
• Approving the company's amended restricted share unit and deferred share unit plan;
• Ratifying and approving the company's amended and restated advance notice policy.

Shareholders also approved the election of all six director nominees, including new independent directors John Turner and Ernie Ortiz Ortega. Their appointments strengthen Lithium Ionic's governance, legal, mining transaction and lithium capital markets expertise as the company advances its 100-per-cent-owned Bandeira lithium project toward construction readiness and production.

Election of directors

The attached table shows the individuals that were elected as directors for the ensuing year.

The appointments of Mr. Turner and Mr. Ortiz Ortega add complementary expertise in mining transactions, corporate governance, lithium markets and capital formation at a pivotal stage in Lithium Ionic's development. A report of voting results for the meeting will be filed under the company's profile on SEDAR+.

John Turner

Mr. Turner is a highly respected Canadian mining lawyer with nearly four decades of experience in capital markets, mergers and acquisitions, project finance, and corporate governance across the global resources sector. A partner at Fasken Martineau DuMoulin LLP, Mr. Turner is co-leader of the firm's global mining group and has acted in prominent corporate finance and M&A (merger and acquisition) transactions involving companies active globally. He also brings direct board-level experience in lithium sector consolidation, having served as a non-executive director of Galaxy Resources Ltd. through its 2021 merger of equals with Orocobre Ltd. to form Allkem Ltd., as a director of Allkem through its $10.6-billion (U.S.) merger with Livent Corp. to create Arcadium Lithium PLC, completed in January, 2024, and as a director of Arcadium Lithium, where he chaired the compensation committee, through its approximately $6.7-billion (U.S.) acquisition by Rio Tinto, completed in March, 2025. He has also served as chair of Toronto Stock Exchange-listed GoGold Resources Inc. since 2019 and as chair of New Haven Learning Centre, a not-for-profit supporting individuals with autism spectrum disorder. Mr. Turner holds an LLM from the University of Cambridge, and an LLB and a BSc (honours) from Queen's University and is a member of the Institute of Corporate Directors.

Ernie Ortiz Ortega

Mr. Ortiz Ortega is an executive in the critical minerals sector, most recently serving as co-founder, president and chief executive officer of Lithium Royalty Corp. (LRC). After co-founding LRC in 2018, he led the origination, structuring, and execution of a global portfolio of 38 lithium royalties, including royalties on Zijin Mining's Tres Quebradas, Sigma Lithium, Elevra's Moblan, and Ganfeng Lithium's Mariana and Goulamina projects. Mr. Ortiz Ortega steered LRC through its $150-million initial public offering on the Toronto Stock Exchange in March, 2023, the largest initial public offering completed in Canada that year, and subsequently through its acquisition by Altius Minerals Corp. in March, 2026, in a transaction valued at approximately $573-million. He currently serves as vice-president, corporate development, and head of lithium at Altius Minerals Corp., is a founding member of the London Metal Exchange lithium and cobalt advisory committee, and serves on the board of directors of Sinova Global Inc. Earlier in his career, he held lithium-focused research roles at Tide Point Capital Management and Credit Suisse. Mr. Ortiz Ortega is a CFA charterholder and holds a bachelor of arts in economics from the University of Chicago.

Updated brand reflects Lithium Ionic's next phase of growth

In conjunction with the meeting, the company also unveiled a refreshed corporate visual identity designed to reflect Lithium Ionic's evolution as it advances its flagship Bandeira lithium project toward construction readiness and production. The updated brand reflects a collaborative effort between the company's Toronto head office and its operations in Minas Gerais, Brazil, and underscores Lithium Ionic's continued focus on disciplined project development, responsible growth and becoming a near-term Brazilian lithium producer.

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 premier 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.

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