Mr. Scott Eldridge reports

UNITED LITHIUM APPOINTS ANOOP PRIHAR AS VICE PRESIDENT CORPORATE DEVELOPMENT, AND COMMENCES SCANDINAVIAN MARKETING CAMPAIGN

Anoop Prihar has joined United Lithium Corp. as vice-president, corporate development. Mr. Prihar has over 25 years of experience as an institutional sell-side equity analyst with a focus on the mining sector. The company has also commenced a Scandinavian-focused marketing and awareness campaign to introduce the investment community to United's local lithium projects in Sweden and Finland.

Appointment of vice-president, corporate development

Mr. Prihar has worked as an institutional sell-side equity analyst for over 25 years at Stifel GMP and Eight Capital in Toronto, Canada. During this time, he covered a variety of sectors, including: metals and mining, fertilizers, real estate, non-bank financials, clean technology, and industrials. For the last five years, Mr. Prihar covered the battery metal sector with a focus on emerging lithium, nickel and graphite producers. Mr. Prihar has been recognized as a top-ranked analyst by both Brendan Wood International and Reuters Investment Survey. He also serves as a member of the finance, risk, audit and investment committee of the Oakville Hospital Foundation and holds an MBA with a concentration in finance from the University of Western Ontario.

Mr. Prihar remarked: "I am excited to be joining the team responsible for capturing the commercial potential of United. The European Union's (EU) Critical Raw Materials Act is designed to ensure the region has access to a secure and sustainable supply of strategic raw materials. By providing economic incentives and streamlining the permitting process, the EU's Critical Raw Materials Act aims to ensure the EU is able to extract 10 per cent of its lithium requirements by 2030. Given the exploration results achieved to date at our Bergby project in Sweden, along with the project's access to infrastructure and management's track record for creating value, I am optimistic about the outlook for the company.

"Over the coming weeks, I will be presenting the key attributes of United's business strategy and near-term objectives to the investment community. As part of this process, United plans to participate in various conferences and awareness programs."

Engagement of Scandinavian Alliance for Nordic marketing and awareness campaign

The Company also announces that it has entered into a consulting services agreement dated Jan. 26, 2024, with Karlsson Group Ltd., doing business as Scandinavian Alliance (SA), for a period of six months. SA will undertake a wide-ranging European marketing and awareness campaign, including consulting marketing services, such as managing brand recognition and awareness, social media strategy and planning, social media reporting, and other similar services, broadening the company's Scandinavian audience where its core lithium projects are located.

In consideration for the services, the company will pay SA an aggregate amount of $110,922. SA does not have an interest, directly or indirectly, in the company and its securities or any right or intent to acquire any such interest. SA's head office is at Suite 1203, 12th floor, Tower 3, China Hong Kong City, 33 Canton Rd., Tsim Sha Tsui, Hong Kong. These services are expected to be provided by Paul Druce, managing partner at SA, and he can be reached by phone at 46-8-559-26-709 or directors@scandinavianalliance.com.

Incentive stock option grant

The company has granted incentive stock options to Mr. Prihar to acquire an aggregate of 100,000 common shares in the capital of the company at an exercise price of $1.05, in accordance with its 10-per-cent rolling incentive stock option plan. The options vest immediately upon grant and are exercisable for a period of 60 months.

About the Bergby project

Bergby consists of 10 exploration licences covering 7,897 hectares located near the coast of the Gulf of Bothnia in central Sweden. The project is approximately 200 kilometres north of Stockholm through Highway E4 and 25 kilometres north of the city of Gavle, within an area of significant infrastructure, including highway and road access, railway, power, and the port of Norrsundet. Gavle is a proximal labour and supply hub. Furthermore, Bergby is 570 kilometres south of the new Northvolt lithium battery gigafactory located in Sweden and 440 kilometres across the Gulf of Bothnia from Keliber Lithium's hydroxide plant currently under construction. The project now comprises five drill-confirmed, spodumene-bearing pegmatites (pegmatites A to E) with a combined strike length of more than 4,000 metres. There are unexplained spodumene-bearing boulder trains and much of the property remains unexplored, highlighting the excellent potential at Bergby for further discovery.

About United Lithium Corp.

United Lithium is an exploration and development company energized by the global demand for lithium. The company is targeting lithium projects in politically safe jurisdictions with advanced infrastructure that allows for rapid and cost-effective exploration, development and production opportunities.

We seek Safe Harbor.