Mr. Douglas Fulcher reports

ONE WORLD LITHIUM BEGINS BENCH TEST ON ITS LITHIUM CARBONATION EXTRACTION TECHNOLOGY AND GRANTS STOCK OPTIONS

Following One World Lithium Inc. entering into a definitive agreement with MatterGreen LLC (MG) on Sept. 27, 2023, MG has started the initial phase of the company's research and development project on its lithium carbonation extraction technology, which is a bench test on lithium carbonation that can be used as a proof of concept of the novel advanced carbonation technology to selectively extract lithium from natural brines. The formation of lithium carbonate (precipitate) will be graphically presented to show formation caused by the company's latest advanced carbonation technique. The bench test proof-of-concept demonstration should be completed within four to six weeks.

Jack Lifton, a senior consultant in chemical processing technology and an adviser to the company, notes, "Using the data and photos of the lithium carbonate crystalline precipitates formed in the brine the company plans to license or sell the use of the technology to industry producers of lithium carbonate and, in particular, to end-users, the manufactures of EVs."

Stock option grants

In addition, the company has granted incentive stock options to certain consultants and an adviser of the company to purchase up to an aggregate of two million common shares of the company. The options are exercisable on or before Oct. 23, 2025, at a price of five cents per common share, being the minimum allowed closing price of the company's common shares on the Canadian Securities Exchange on Oct. 20, 2023. All options are fully vested and 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 a brine. The company is also focused on commercial application of its direct lithium extraction technology. It intends to license or joint venture its technology to current and future lithium carbonate producers and consumers.

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