Mr. Carlos Vicens reports

FULL CIRCLE LITHIUM ANNOUNCES EXTENSION AND PRICE ADJUSTMENTS OF PREVIOUSLY ISSUED WARRANTS

Full Circle Lithium Corp. has proposed to amend the exercise price and term of 6,987,393 outstanding common share purchase warrants of the company, which were originally issued on April 21, 2023. The proposed expiry of the warrants will be extended by one year from April 21, 2025, to April 21, 2026, and the proposed exercise price of the warrants will be decreased from $1.10 to 70 cents.

All other terms of the warrants remain unchanged, and the amendments are subject to final approval of the TSX Venture Exchange.

Clarifying note to February press release

The company also wishes to clarify the disclosure in its Feb. 5, 2025, press release relating to the consideration payable to RB Milestone Group LLC (RBMG) for investor relations services. The February press release disclosed that RBMG had been retained for an initial term of six months at a cost of $14,500 (U.S.) per month. In accordance with the terms of RBMG's contract, it is engaged for an initial term of six months, during which the company will make: (i) a one-time payment of $34,500 (U.S.) due on the start date of the agreement; and (ii) a one-time payment of $25,000 (U.S.) due three months from the start date of the agreement. If RBMG continues to be engaged following the initial six-month term, the agreement reverts to a monthly fee of $4,500 (U.S.). All other disclosure related to RBMG in the February press release remains unchanged.

About Full Circle Lithium Corp.

Full Circle Lithium has developed an innovative lithium-ion battery fire-extinguishing agent (named FCL-X) to address the increasing number of difficult-to-extinguish and hazardous lithium-ion battery-based fires. FCL-X is a non-hazardous fire-extinguishing agent specifically designed to combat lithium-ion cell and/or battery fires. It is a water-based solution that neutralizes complex chemical reactions, creating a protective layer on the surface of materials containing elemental lithium. FCL-X has been tested by third party laboratories as well as on live fires on both small-scale and industrial-scale fires and has proved that it mitigates the lithium oxidation reaction, limiting hydrogen generation and stabilizing decomposing electrolytes. FCL-X is easy to use, with fast heat dissipation, minimal cleanup and non-hazardous properties, making it a sustainable choice. Full Circle Lithium has gathered a leading technical team with over 100 years of combined lithium, fire and safety training and firefighting experience.

We seek Safe Harbor.