Mr. Harry Chew reports

ARCTIC FOX LITHIUM CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS

Arctic Fox Lithium Corp. intends to complete a non-brokered private placement of units at a price of three cents per unit for aggregate gross proceeds of up to $150,000. Each unit will consist of one common share in the capital of the company and one common share purchase warrant, with each warrant entitling the holder thereof to purchase one common share of the company at a price of six cents for up to 24 months.

The first tranche of the private placement is expected to close on or around March 26, 2024. It is anticipated that the proceeds from the private placement will be used for general working capital purposes.

All securities issued pursuant to the private placement described above will be subject to a four-month-and-one-day hold period.

About Arctic Fox Lithium Corp.

Established in Vancouver, B.C., Arctic Fox is a Canadian junior mining exploration company founded by an experienced management team to assess and grow its portfolio into a leading company in lithium and rare earth elements. Through targeted exploration and intentional research, Arctic Fox is bringing a trustworthy lens to the development of sought-after resources from multiple projects in Canada, focusing on properties in the mining-friendly province of Quebec.

We seek Safe Harbor.