Mr. Glenn Collick reports

NOVA LITHIUM SECURES DTC ELIGIBILITY AND EXTENDS WARRANT EXPIRATION DATE

Nova Lithium Corp. has secured DTC eligibility for its common shares from the Depository Trust Company (DTC).

The DTC is a subsidiary of the Depository Trust & Clearing Corp. (DTCC) and provides electronic clearing, settlement and information services for the vast majority of publicly traded equities and other securities in the United States. Since the trading of securities through DTC permits cost-effective clearing and guaranteed settlement, non-DTC eligible securities are often not accepted for deposit at many brokerage firms because of the obstacles required to execute trades, in turn making it difficult for a significant percentage of investors to access those securities.

The company's common shares previously commenced trading in the United States on the OTC Markets' Pink Current Information tier under the symbol NVLIF.

In addition, the company announces that it has amended the expiry date of an aggregate of 7.41 million share purchase warrants that were scheduled to expire on May 31, 2023, for a further two years, until May 31, 2025. Each warrant was originally issued in a unit private placement that closed on May 31, 2021, and is exercisable into one common share of the company at a price of 50 cents per share.

The company is not planning to deliver replacement warrant certificates to the holders of the warrants, with the original certificates remaining valid until the amended expiry date.

About Nova Lithium Corp.

Nova Lithium is a Canadian junior mining company focused on the global transition from fossil fuels to green energy solutions powered by lithium-based batteries. The company's mission is to become a leader in exploration and development of critical materials through responsible mining practices. The company currently owns a 100-per-cent interest in 190 mineral claims located in southern Clayton Valley, Nevada, U.S., known as the Deer Musk West project, and holds the option to purchase a 51-per-cent interest in 1,243 mineral claims covering approximately 22,200 acres in Churchill county, Nevada, known as the Edwards Creek Valley project.

We seek Safe Harbor.