File: '\\swfile\EmailIn\20250829 152533 Attachment OWL_Announces Debt Settlement and Stock Option Grant FINAL_08-29-2025.docx'

Suite 615-800 West Pender Street, Vancouver, B.C. Canada V6C 2V6 | Telephone 1-604-564-2017

www.oneworldlithium.com

ONE WORLD LITHIUM ANNOUNCES DEBT SETTLEMENT AND STOCK OPTION GRANT

VANCOUVER, BC - August 29, 2025- One World Lithium Inc. (CSE-OWLI) (OTCQB-OWRDF) (the "Company" or "OWL") announces that it has entered into a Debt Settlement Agreement (the "Settlement Agreement") with an arm's length creditor to settle an outstanding debt totalling $17,221 (the "Debt Settlement").

Pursuant to the Settlement Agreement, the Company will issue an aggregate of 574,042 common shares (the "Shares") at a deemed price of $0.03 per share. The Shares will be subject to the statutory hold period of four (4) months and one (1) day from the date of issuance.

The Board of Directors has determined that completing the Debt Settlement is in the best interests of the Company as it will preserve cash for working capital purposes.

The Company also announces it has granted incentive stock options to certain consultants of the Company to purchase up to an aggregate of 250,000 common shares of the Company (the "Options"). The Options are exercisable on or before August 29, 2028, at a price of $0.05 per common share, being the minimum allowed closing price of the Company's common shares on the Canadian Stock Exchange on August 29, 2025. All Options are fully vested and were granted in accordance with the Company's Stock Option Plan.

About One World Lithium

One World Lithium Inc. remains focused on properties of merit that may contain lithium. The Company is also focused on commercial application of the extraction technology for natural brine and for slurries made from clay, pegmatite, volcanic rock and sediment. For more information, visit: https://oneworldlithium.com/.

On behalf of the Board of Directors of One World Lithium Inc.,

"Douglas Fulcher"

President and Chief Executive Officer

For further information please visit www.oneworldlithium.com or email info@oneworldlithium.com or call 604-564-2017 Ext 3.

Forward-Looking Information: This press release may include forward looking information within the meaning of Canadian securities legislation. Forward looking information is based on certain key expectations and assumptions made by the management of the OWL, including, but not limited to statements regarding the completion of the Debt Settlement, the issuance of Shares, the anticipated benefits of the Debt Settlement to OWL, and preservation of cash for working capital purposes. Although OWL believes that the expectations and assumptions on which such forward looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because OWL can give no assurance that they will prove to be correct. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from the those anticipated in such statements, important factors that could cause actual results to differ materially from the company's expectations include, but not limited to: the risk that OWL may not complete the Debt Settlement on the terms described herein or at all; OWL's inability to execute its business plan and raise any required financing; risks and market fluctuations common to the mining industry and lithium sector in particular; and advancements in other new direct lithium extraction technologies. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, some of which are beyond the control of the OWL. The reader is cautioned not to place undue reliance on any forward-looking information contained in this press release.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release

File: Attachment OWL_Announces Debt Settlement and Stock Option Grant FINAL_08-29-2025.pdf

ONE WORLD LITHIUM ANNOUNCES DEBT SETTLEMENT AND STOCK OPTION GRANT

VANCOUVER, BC A u g u s t 2 9 , 2 0 2 5 - One World Lithium Inc. (CSE-OWLI) (OTCQB-OWRDF) (the "Company" or "OWL") announces that it has entered into a Debt Settlement Agreement (the "Settlement Agreement") with an arm's length creditor to settle an outstanding debt totalling $17,221 (the "Debt Settlement"). Pursuant to the Settlement Agreement, the Company will issue an aggregate of 574,042 common shares (the "Shares") at a deemed price of $0.03 per share. The Shares will be subject to the statutory hold period of four (4) months and one (1) day from the date of issuance. The Board of Directors has determined that completing the Debt Settlement is in the best interests of the Company as it will preserve cash for working capital purposes. The Company also announces it has granted incentive stock options to certain consultants of the Company to purchase up to an aggregate of 250,000 common shares of the Company (the "Options"). The Options are exercisable on or before August 29, 2028, at a price of $0.05 per common share, being the minimum allowed closing price of the Company's common shares on the Canadian Stock Exchange on August 29, 2025. All Options are fully vested and were granted in accordance with the Company's Stock Option Plan. About One World Lithium One World Lithium Inc. remains focused on properties of merit that may contain lithium. The Company is also focused on commercial application of the extraction technology for natural brine and for slurries made from clay, pegmatite, volcanic rock and sediment. For more information, visit: https://oneworldlithium.com/.

On behalf of the Board of Directors of One World Lithium Inc.,

"Douglas Fulcher"

President and Chief Executive Officer

For further information please visit www.oneworldlithium.com or email info@oneworldlithium.com or call 604-564-2017 Ext 3.

Suite 615-800 West Pender Street, Vancouver, B.C. Canada V6C 2V6 | Telephone 1-604-564-2017 www.oneworldlithium.com Forward-Looking Information: This press release may include forward looking information within the meaning of Canadian securities legislation. Forward looking information is based on certain key expectations and assumptions made by the management of the OWL, including, but not limited to statements regarding the completion of the Debt Settlement, the issuance of Shares, the anticipated benefits of the Debt Settlement to OWL, and preservation of cash for working capital purposes. Although OWL believes that the expectations and assumptions on which such forward looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because OWL can give no assurance that they will prove to be correct. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from the those anticipated in such statements, important factors that could cause actual results to differ materially from the company's expectations include, but not limited to: the risk that OWL may not complete the Debt Settlement on the terms described herein or at all; OWL's inability to execute its business plan and raise any required financing; risks and market fluctuations common to the mining industry and lithium sector in particular; and advancements in other new direct lithium extraction technologies. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, some of which are beyond the control of the OWL. The reader is cautioned not to place undue reliance on any forward-looking information contained in this press release. Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian

Securities Exchange) accepts responsibility for the adequacy or accuracy of this release

Suite 615-800 West Pender Street, Vancouver, B.C. Canada V6C 2V6 | Telephone 1-604-564-2017 www.oneworldlithium.com