Mr. Chris Doornbos reports
E3 LITHIUM ANNOUNCES FILING OF NI 43-101 TECHNICAL REPORT FOR UPDATED RESOURCE ESTIMATE IN THE GARRINGTON DISTRICT
E3 Lithium Ltd. has filed a National Instrument 43-101, Standards of Disclosure for Mineral Projects, independent technical report for its Garrington district project in central Alberta.
The Garrington report, titled "NI 43-101 Technical Report for the Garrington District Lithium Resource Estimate," is dated July 18, 2025, has an effective date of June 25, 2025, and the mineral resource estimate was previously disclosed by E3 Lithium in its June 25, 2025, press release.
There are no material changes in the Garrington report from the results disclosed in the company's June 25, 2025, press release. The Garrington report is available on the company's website and SEDAR+.
Qualified persons
The disclosure in this news release of scientific and technical information pertaining to the Garrington report has been reviewed and approved by Meghan Klein, PEng, head of reservoir engineering, Americas, of Sproule ERCE, and Dr. Alexey Romanov, PhD, PGeo, principal geoscientist of Sproule ERCE. Both Ms. Klein and Dr. Romanov are qualified persons as defined under NI 43-101.
Equity awards grant
As part of the company's 2025 compensation plan outlined March 7, 2025, the board of directors of the company approved, effective June 27, 2025, the grant to Rob Knowles, vice-president, investor relations, of 40,000 incentive stock options exercisable to acquire up to 40,000 common shares of the company. The options are exercisable at a price of 81 cents per share for a period of three years from the date of grant under its omnibus equity incentive plan, with one-half of the options vesting on each of the first and second anniversaries of the date of grant.
About E3 Lithium
Ltd.
E3 Lithium is a development company with a total of 21.2 million tonnes of lithium carbonate equivalent (LCE) measured and indicated as well as 300,000 tonnes LCE inferred mineral resources in Alberta and 2.5 million tonnes LCE inferred mineral resources in Saskatchewan. The Clearwater prefeasibility study outlined a 1.13-million-tonne-LCE proven and probable mineral reserve with a pretax net present value (discounted at 8 per cent) of $5.2-billion (U.S.) with a 29.2-per-cent internal rate of return and an after-tax NPV (discounted at 8 per cent) of $3.7-billion with a 24.6-per-cent IRR.
Kevin Carroll, PEng, chief development officer of E3 Lithium and a qualified person under NI 43-101, has reviewed and approved the technical information contained in this news release.
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