Mr. Doug Fulcher reports

ONE WORLD LITHIUM ANNOUNCES EXTENSION WITH US DEPARTMENT OF ENERGY'S NATIONAL ENERGY TECHNOLOGY LABORATORY

One World Lithium Inc. has signed a one-year extension to March 1, 2025, of its non-exclusive research and evaluation licence with option (patent) with the U.S. Department of Energy's (DOE) National Energy Technology Laboratory (NETL) for the DOE's patents titled "Selective Lithium Recovery as Lithium Carbonate from natural brine."

Doug Fulcher, president and chief executive officer, commented: "We are pleased to have signed a one-year extension with NETL. The extension will allow OWL and NETL to evaluate commercial applications of the DOE's two patents for lithium carbonate extraction."

One World and MatterGreen LLC (MG) entered into a definitive agreement on Sept. 28, 2023, whereby MG will assign two patent applications for lithium carbonation; the first patent application is for natural brines and the second is for slurries made from pegmatite, clay, volcanic rock and sediment After the assignment One World will be the sole and exclusive owner of the patent applications.

Under the agreement MG will conduct and manage the development, testing, and research and development laboratory work associated with the commercialization of the DOE licence and the One World patent applications. MG will take two months to assemble its laboratory. The work will be carried out in the lab facilities in Albany, Ore.

In addition, MG states, "By consuming carbon dioxide from industrial waste streams and air in carbonation processing, the process can produce carbon-neutral lithium carbonate for battery cathode manufacturing, which would generate a premium on the market price."

Stock option grant

The company also announces it has granted incentive stock options to an adviser of the company to purchase up to an aggregate of one million common shares of the company. The options are exercisable on or before March 13, 2026, 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 March 12, 2024. 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 brine. The company is also focused on commercial application of its direct lithium extraction technology. One World intends to license or joint venture its technology to current and future lithium carbonate producers.

We seek Safe Harbor.