Mr. Robert Mintak reports

STANDARD LITHIUM STRENGTHENS C-SUITE: SALAH GAMOUDI APPOINTED CFO, KARA NORMAN STEPS INTO NEW ROLE AS CAO

Standard Lithium Ltd. has enhanced its C-suite with the addition of Salah Gamoudi as chief financial officer, effective Oct. 1, 2023. This decision aligns with the company's efforts to bolster its senior leadership as it prepares for a dynamic phase of growth.

Robert Mintak, chief executive officer and director of Standard Lithium, stated: "As we place greater emphasis on commercial construction, resource expansion and strategic partnerships, Salah's addition is timely. Kara Norman's leadership as CFO, especially during our early growth and the NYSE American listing, has been foundational. With Salah joining as CFO and Kara transitioning to the chief accounting officer role, we're strategically positioning our leadership for the company's next chapter."

Mr. Gamoudi commented: "Joining Standard Lithium at this pivotal moment is very exciting. The team's commitment to sustainable, American-based lithium production and strategic growth resonates with me. Drawing from my energy sector experience, I'm eager to further the company's mission and contribute to amplifying value for our shareholders."

Mr. Gamoudi most recently served as executive vice-president and chief financial officer of SandRidge Energy Inc. from April, 2020, to September, 2023. During his tenure at SandRidge, the company experienced a significant increase in value, delivering substantial returns to shareholders. Prior to joining SandRidge, Mr. Gamoudi had most recently served as the chief accounting officer of Jones Energy Inc. from October, 2018, until April, 2020. Mr. Gamoudi previously had served in the same role for Remora Petroleum LP from May, 2017, until October, 2018. Prior to joining Remora, Mr. Gamoudi served as controller for Glacier Oil & Gas Corp. and its predecessor company, Miller Energy Resources, from July, 2015, until May, 2017. Prior to then, Mr. Gamoudi served in various oil and gas audit, accounting, risk management and financial roles with LRR Energy LP, Deloitte, and Ernst & Young. His cumulative experiences, especially within the U.S. domestic upstream energy sector, promise to bring invaluable insights to Standard Lithium's growth strategy.

Mr. Gamoudi's recognition as one of the Forty Under 40 by Hart Energy's Oil and Gas Investor in 2022 highlights his notable contributions to the sector. Mr. Gamoudi received a BA in accounting from Portland State University and is pursuing an MBA at the Wharton School of Business at the University of Pennsylvania.

As chief financial officer at Standard Lithium, Mr. Gamoudi will direct the company's financial strategy and lead its investor relations and market-facing activities, with a focus on expanding shareholder outreach, communication and value creation. Ms. Norman, in her transition to the role of chief accounting officer, will streamline accounting operations. She will oversee the financial close process, manage Securities and Exchange Commission filings, and ensure stringent internal controls for precise and timely reporting.

In connection with this appointment, Mr. Gamoudi has been granted 350,000 incentive stock options exercisable at a price of $4 until Sept. 25, 2028. The options vest and become exercisable over a 36-month period, with 100,000 vesting after six months and the balance in three equal parts on each anniversary.

About Standard Lithium Ltd.

Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of lithium-brine-bearing properties in the United States. The company prioritizes brine projects characterized by high-grade resources, robust infrastructure, skilled labour and streamlined permitting. The company aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated direct lithium extraction (DLE) and purification process. The company's flagship projects, the Phase 1A project and the South West Arkansas project, are located on the Smackover formation in southern Arkansas near the Louisiana state line, a region with a long-standing and established brine processing industry. The company has also identified a number of highly prospective lithium brine project areas in the Smackover formation in East Texas and began an extensive brine leasing program in the key project areas. In addition, the company has an interest in certain mineral leases located in the Mojave Desert in San Bernardino county, California.

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