Mr. Richard Creitzman reports

TANTALEX LITHIUM ANNOUNCES PRIVATE PLACEMENT OF UP TO USD$1.5M AND MANAGEMENT CHANGES

Tantalex Lithium Resources Corp. has arranged a non-brokered private placement consisting of approximately 86 million common shares at a price of 2.5 cents per common share for gross proceeds of up to $1.5-million (U.S.).

The number of common shares to be issued is subject to change depending on the foreign exchange rate of the United States currency to Canadian currency to be determined on the closing date. There will be no finders' fees paid on the private placement.

Certain insiders of the corporation, including Simon Collins, director, and Afrimet Resources Ag may acquire common shares in the private placement. Any participation by insiders in the private placement would constitute a related party transaction as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101). However, the corporation expects such participation would be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the common shares subscribed for by the insiders, nor the consideration for the common shares paid by such insiders, would exceed 25 per cent of the corporation's market capitalization.

The proceeds of the private placement will be used for project expenditures related to the optimization of the TiTan tin and tantalum plant and for general working capital. All securities issued pursuant to the private placement will be subject to a four-month-and-one day statutory hold period in accordance with applicable securities law.

Management changes

The corporation also wishes to announce that it has mutually agreed with Eric Allard to terminate his role as chief executive officer, president and director of the corporation, effective March 20, 2025. Mr. Allard will continue to support and assist in the development of the corporation, as required during the transition period.

Richard Creitzman, currently director of the corporation, will assume the role of interim CEO, effective March 20, 2025.

Hadley Natus will now assume the role of non-executive chairman, effective March 20, 2025.

Yves Kabongo has resigned as director of the corporation, effective March 20, 2025.

The corporation is also pleased to announce that Andre Holtzhausen will join the board of directors effective March 20, 2025, and also assumes the responsibility of projects director for overseeing the production, maintenance and optimization efforts on its TiTan tin and tantalum concentrate plant. Mr. Holtzhausen is currently the founder and director of MinMet projects based in South Africa which focuses on the design, manufacturing and supply of mineral processing plants since 2005. Mr. Holtzhauzen has designed and built numerous DMS (dense media separation) plants for lithium processing and is largely recognized as an industry expert.

The board of directors now temporarily comprises five members:

• Hadley Natus, non-executive chairman;
• Richard Creitzman, director and interim CEO;
• Dr. Luisa Moreno, director;
• Simon Collins, director;
• Andre Holtzhausen, director.

The board is currently evaluating alternatives with respect to the appointment of directors to fill the vacancy and identify and appoint a permanent CEO.

About Tantalex Lithium Resources Corp.

Tantalex Lithium is an exploration- and development-stage mining company engaged in the acquisition, exploration, development and distribution of lithium, tin, tantalum and other high-tech mineral properties in Africa.

It is currently focused on operating its TiTan tin and tantalum concentrate plant and developing its lithium assets in the prolific Manono area in the Democratic Republic of Congo; the Manono lithium tailings project and the Pegmatite Corridor exploration program.