Mr. Scott Eldridge reports

UNITED LITHIUM EXPANDS HOLDINGS WITH ADDITION OF THREE HIGHLY PROSPECTIVE PROPERTIES IN FINLAND AND SWEDEN

United Lithium Corp. has increased its land position in Finland and Sweden after acquiring the rights to the 54,400-hectare Kova property reservation and the 13,900 ha Kast property reservation in Finland, and the 14,000 ha Axmarby property in Sweden.

United Lithium has increased its Nordic holdings by almost 300 per cent after acquiring the properties, all within highly prospective geological terrains with potential to host lithium-bearing pegmatites. The company has obtained the rights to the properties after acquiring all of the issued and outstanding common shares of two private companies, PR1 Finland Oy (a wholly owned Finnish subsidiary of Pure Resources Ltd.) and Scandinavian Battery Metals (SBM), a Canadian private company.

"Europe is the second-largest EV market in the world and the continent is at the forefront of global carbon footprint reduction. The demand for domestic sources of raw materials to support decarbonization represents an opportunity for United Lithium and its shareholders. The acquisition of three new properties increases our holdings within the underexplored Nordics in geological settings similar to the Keliber lithium mine, which is currently being built. Axmarby, in Sweden, is situated immediately north of our flagship Bergby project and shares the same key infrastructure. Furthermore, the acquisition of Kast and Kova add additional prospective opportunities to our portfolio of properties in Finland," commented president and chief executive officer Scott Eldridge.

As consideration for acquiring the properties, the company paid $20,112 (Australian) to Pure Resources Ltd. and made payments of $40,050 and $110,984 (U.S.) to an arm's-length third party vendor, in exchange for all of the issued and outstanding common shares of each respective company. At the time of the acquisition, SBM held the rights to acquire the Kova property from PR1; however, as a condition of closing, the agreement between SBM and PR1 was terminated. The rights to the Axmarby property are held by SBM, and are part of the company's SBM acquisition.

Pure Resources will retain a 2-per-cent net smelter return royalty on the Kast property and Kova property, subject to a buyback right in favour of the company, pursuant to which the company may purchase 1 per cent of the NSR royalty at any time in exchange for payment of $750,000. No such agreement is in place for the Axmarby property, which remains royalty-free.

About the Kova property

The Kova property is situated approximately 150 kilometres north of Helsinki and 50 km east of the city of Tampere and covers 54,400 ha (54.4 square km).It is located on the northern margin of the Pirkanmaa migmatite belt (1.96 billion to 1.91 billion years (Ga)), immediately to the south of the Tampere schist belt. Kova sits directly to the south from the Erajarvi lithium-cesium-tantalum-metallogenic area, where more than 70 pegmatite dikes enriched in boron, beryllium, Li, niobium, tin and Ta have been identified (Lahti, 1981, Alviola, 2004). The area is in a prospective geological setting with the presence of late-orogenic (1.80 Ga) LCT-type complex pegmatites that were previously mined.

The local geology comprises migmatites made up of mica (para) gneiss (turbidites, graywackes) with a lesser extent of mafic-intermediate volcanic rocks and amphibolites. Felsic plutonic rocks in the Kova area include granodiorites, aplite, pegmatite and tonalite and are considered early Svecofennian (1.91 Ga to 1.88 Ga). In addition, complex structures with sheared and schistose metasediments further provided possible conduits for the pegmatite melts. Nearby known complex pegmatite deposits include the Seppala LCT pegmatite and the historical Juurakko and Viitaniemi pegmatite mines are located directly north of the Kova claims.

Bedrock in the project area is well exposed with 220 pegmatites sites mapped by PR1 (see Pure Resources Australian Securities Exchange announcement dated July 12, 2023). A field visit completed by United Lithium in the summer of 2023 confirmed the presence of dike-like pegmatites striking northwest-southeast, ranging in thickness from centimeters to five to 10 metres and up to several tens of metres in length. The pegmatites comprise K-feldspar and quartz with variable amounts of biotite and muscovite. Tourmalines, ranging in size from medium to coarse to pegmatite sized, are found locally. Li-silicates were not observed.

About the Kast property

Located adjacent to the Rosendal tantalum deposit, the Kast property is approximately 110 km west of Helsinki and covers approximately 13,900 ha (13.9 square km) in the Kemio metallogenic area region of Finland. Kast is located on the western part of the Uusimaa supracrustal belt (approximately 1.89 Ga) and is defined by the presence of gneisses, schists, amphibolites, mafic to felsic volcanic rocks, and carbonates. The area is intruded by Svecofennian orogenic felsic intrusive of the southern Finland granite and plutonic suites. The area is prospective for mixed or hybrid rare-element pegmatites which have rare-earth element signatures and are a mix between LCT (Li, Cs, Ta) and NYF (Nb, yttrium, fluorine) pegmatites.

Historical and GTK data suggest that the Rosendal deposit contains Ta, Be and Li mineralization, as well as recoverable albite, quartz and muscovite (Alviola, 1997). The presence of the Rosendal deposit and the known Ta-Nb mineral pegmatites in the region indicate that the Kemio metallogenic may have a significant, largely untested Li-Ta potential.

Bedrock exposures over the Kast property are relatively sparse and PR1 observed 49 pegmatites during its work in 2023 (see Pure Resources ASX announcement dated July 12, 2023); however, no assays are available. Historical drilling has been completed in the Kast area, and logging reports indicate intercepts of approximately 501 intersections of pegmatite and granite; however, none of the pegmatite intercepts have been sampled or assayed.

The Kast and Kova property reservations were issued to PR1 on June 21, 2023, and are valid until April 23, 2025, at which time the company will need to evaluate its results and determine whether to convert any portion of each property into an exploration permit. Until that time, under a reservation status, the company has the right to complete fieldwork including mapping and sampling to potentially identify future drill targets.

About the Axmarby property

The 14,015 ha (140 square km) Axmarby property is located approximately 200 km north of Stockholm via Highway E4 and 40 km north of the city of Gavle. Axmarby is also directly north of United Lithium's flagship Bergby project, near the Gulf of Bothnia coast in central Sweden. To date, five pegmatite dike systems have been identified on the Bergby claims.

Part of the Axmarby property is situated within the Hamrange synform in the west-central part of the Fennoscandian Shield. The stratigraphy in the area consists of mica schist overlain by 1.88 billion years old felsic and mafic volcanic rocks, followed by metaquartzite (less than 1.86 Ga) believed to have formed during an 1.86 Ga to 1.83 Ga intraorogenic phase. Geological and isotopic data suggest an oceanic island arc signature of the metavolcanic rocks. The surrounding 1.86 Ga granitoids of the Ljusdal batholith are believed to have been formed in an active continental margin setting. Directly to the north of Axmarby, the granitoid rocks are believe the be older and mostly gneissic or in part migmatitic.

Pegmatite dikes have been observed approximately two km north of the town of Axmarby and seem to be associated with the same structures that host the pegmatite at Bergby. Pegmatites were between 40 centimetres and up to four metres and could be traced up to 20 m in some cases.

Patriot project claims

The company also announces that it received notice from the Bureau of Land Management, notifying the company that 104 of the 321 claims staked at the Patriot project in 2022 are null and void as they are located on lands that were designated under the National Wilderness Preservation System and the Colorado Wilderness Act of 1993. The company is entitled to a refund of $38,480 (U.S.) for the initial maintenance fees, location fees and annual maintenance fees paid to date on the aforementioned claims.

Qualified person

The scientific and technical information in this news release was reviewed, verified and approved by Isabelle Lepine, MSc, PGeo. Ms. Lepine is a registered professional geologist in British Columbia and a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Minerals Projects. Ms. Lepine is the director of mineral resources of the company and is not independent of the company.

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.