Mr. Scott Eldridge reports

UNITED LITHIUM ANNOUNCES CLOSING OF $2 MILLION PRIVATE PLACEMENT

United Lithium Corp. has completed its previously announced non-brokered private placement and has issued 6,666,667 units of the company at a price of 30 cents per unit for gross proceeds of $2-million. The company intends to use the net proceeds raised from the offering for exploration of the company's properties and for general working capital.

All securities issued in the offering are subject to restrictions on resale until Aug. 16, 2024, in accordance with applicable securities laws. No finders' fees or commissions were paid in connection with completion of the offering.

Each unit comprises one common share and one share purchase warrant entitling the holder to acquire one additional share at a price of 40 cents until April 15, 2027.

The offering included participation by Scott Eldridge, the president and chief executive officer and a director of the company, in the amount of $13,500, and Henrik Lundin, a director of the company, in the amount of $16,500. Such participation constitutes a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The issuance of securities to the related parties of the company is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in Section 5.5(b) as the company's shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(a) of MI 61-101, in that the fair market value of the consideration of the securities issued to the related parties does not exceed 25 per cent of the company's market capitalization.

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.

The company's consolidated financial statements and related management's discussion and analysis are available on the company's website or under its profile on SEDAR+.

We seek Safe Harbor.