Mr. Campbell Becher reports

IBERAMERICAN LITHIUM CORP. ANNOUNCES THIRD QUARTER 2023 FINANCIAL RESULTS

IberAmerican Lithium Corp. has filed its unaudited condensed interim consolidated financial statements, and accompanying management's discussion and analysis (MD&A) for the three- and nine-month periods ended Sept. 30, 2023. These documents can be found on its website and by reviewing its profile on SEDAR+. All financial figures contained herein are expressed in Canadian dollars unless otherwise noted.

Significant milestones were achieved during the three months ended September 30, 2023 (the "Quarter"), including the following:

• On August 24, 2023, the Company's wholly owned subsidiary, IberAmerican Lithium Inc., completed a concurrent best-efforts private placement of 36,450,488 subscription receipts ("IBER Subscription Receipts") at a price of $0.25 per IBER Subscription Receipt (the "Concurrent Financing") for aggregate gross proceeds of $9,112,622. And on September 1, 2023, the Company announced the completion of its previously announced reverse takeover transaction (the "RTO Transaction") with IberAmerican Lithium Inc.
• On September 28, 2023, the Company acquired, for $1.0 million, from Strategic Minerals Europe Corp., the remaining 30% interest in the investigation permit No 5186 and the application for investigation permit No 5191 related to the Alberta II and Carlota lithium projects, respectively, located in Spain (the "Lithium Projects"). With this acquisition, IBER holds 100% of the rights to the Lithium Projects.
• Upon receipt of the permits that will allow for commencement of an exploration program, IBER will initially focus on a diamond drilling program beginning in late Q4 of 2023 of approximately 40- 50 holes in the northern section of the Alberta II permit area, focusing on the spodumene and specifically expanding the drilling previously performed on the permit area in 2012 in order to gain more information about the mineralization. The Company will also be undertaking an extensive geological sampling program in the south section of Alberta II.
• The Company reported a net loss for the Quarter of $3.5 million ($0.04 per share) and $4.1 million ($0.07 per share) for the nine months ended September 30, 2023. As at September 30, 2023, the Company had cash and cash equivalents of approximately $4.4 million and no debt.
• The Company remains sufficiently financed to carry out the initial phase of its Alberta II exploration program during the first half of 2024 where it anticipates it will greatly expand its understanding of the extent of lithium hard rock mineral reserves potential towards a defined exploitation program.

About IberAmerican Lithium Corp.

IberAmerican Lithium is a hard-rock lithium exploration company focused on advancing its 100% owned Alberta II & Carlota Properties located in the Galicia region of northwestern Spain.

IberAmerican Lithium's properties are located in a favorable lithium district with world class infrastructure and a supportive and proactive mining jurisdiction.

We seek Safe Harbor.