Mr. Douglas Fulcher reports

ONE WORLD LITHIUM INC. ANNOUNCES PRIVATE PLACEMENT & STOCK OPTION GRANTS

One World Lithium Inc. has arranged a non-brokered private placement up to 15 million units of the company at a price of five cents per unit for gross proceeds of up to $750,000. All funds are stated in Canadian dollars.

Each unit will consist of one common share of the company and one non-transferable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at a price of eight cents for a period of 36 months from the closing of the offering.

There is no minimum number of units or minimum aggregate proceeds required to close the offering and the company may, at its discretion, elect to close the offering in one or more closings. Management anticipates that the company will allocate the net proceeds of the offering as follows: continued property expansion costs of approximately $75,000; continuing lab testing of the company's critical fluid separation technology costs of approximately $375,000; and the balance for working capital.

The company may pay a finder's fee in connection with the offering. Closing of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the closing of the offering in accordance with applicable securities legislation.

A portion or all of the offering may be completed pursuant to Multilateral CSA Notice 45-313 -- Prospectus Exemption for Distributions to Existing Security Holders (CSA 45-313) and the corresponding blanket orders and rules implementing CSA 45-313 in the participating jurisdictions in respect thereof (collectively with CSA 45-313, the (Existing Security Holder Exemption). As at the date hereof, the existing security holder exemption is available in each of the provinces of Canada, with the exception of Newfoundland and Labrador.

Subject to applicable securities laws, the company will permit each person or company who, as of Sept. 6, 2023 (being the record date set by the company pursuant to CSA 45-313), who holds common shares as of that date to subscribe for the units that will be distributed pursuant to the offering, provided that the existing security holder exemption is available to such person or company. Qualifying shareholders who wish to participate in the offering should contact the company at the contact information set forth herein. In the event that aggregate subscriptions for units under the offering exceed the maximum number of securities to be distributed, then units will be sold to qualifying subscribers on a pro rata basis based on the number of units subscribed for. Insiders may participate in the offering.

In addition to the existing security holder exemption, a portion or all of the offering may be completed pursuant to Multilateral CSA Notice 45-318 -- Prospectus Exemption for Certain Distributions through an Investment Dealer and the corresponding blanket orders and rule implementing CSA 45-318 in the participating jurisdictions in respect thereof. As at the date hereof, the investment dealer exemption is available in each of Alberta, British Columbia, Saskatchewan, Manitoba and New Brunswick. Pursuant to CSA 45-318, each subscriber relying on the investment dealer exemption must obtain advice regarding the suitability of the investment from a registered investment dealer.

There is no material fact or material change of the company that has not been generally disclosed.

In addition to conducting the offering pursuant to the existing security holder exemption and the investment dealer exemption, the offering will also be conducted pursuant to other available prospectus exemptions.

Stock option grants

The company also announces that is has granted incentive stock options to three consultants of the company to purchase up to an aggregate of 800,000 common shares of the company. The options are exercisable on or before Sept. 6, 2025, at a price five cents per common share and are all fully vested. All the options were granted in accordance with the company's stock option plan.

About One World Lithium Inc.

One World Lithium remains focused on properties of merit that may contain lithium in brine. The company is also focused on commercial application of its separation technology. One World intends to license or joint venture its technology to current and future lithium carbonate producers.

We seek Safe Harbor.