Mr. Scott Taylor reports

LITHOS SEEKS TO SETTLE $494,109.45 IN DEBT OWED TO VARIOUS CREDITORS

Lithos Group Ltd. intends to settle an aggregate of $494,109.45 in debt owed by the company to various directors, officer and other creditors of the company through the issuance of common shares in the capital of the company.

Accordingly, the debt is to be settled via the issuances of:

• An aggregate of 249,875 shares at a deemed price of 28.5 cents per share to two creditors in settlement of $71,214.41 in debt;
• An aggregate of 1,411,446 shares at a deemed price of 13 cents per share to three creditors in settlement of $183,488.03 in debt;
• An aggregate of 4,788,139 shares at a deemed price of five cents per share to nine creditors in settlement of $239,407.01 in debt.

The debt settlement remains subject to the approval of the Canadian Securities Exchange and all shares issued thereunder will be subject to a four-month hold period in accordance with applicable Canadian securities laws and the policies of the CSE.

About Lithos Group Ltd.

Lithos is a mining technology company focused on selective extraction of aqueous minerals. The company's AcQUA technology allows lithium to be extracted from continental brine reservoirs without the need for additional freshwater or any added chemicals or reagents. Lithium is now among the world's most in-demand metals as the world electrifies to reduce CO2 (carbon dioxide) emissions, led by continuing growth in EV (electric vehicle) sales and the installation of hundreds of gigawatts of intermittent solar power generation capacity requiring partial battery storage solutions.

The company's mission is to produce sustainable lithium without evaporation ponds. AcQUA is Lithos's patent-pending technology that spans the complete value chain from the conditioning and pretreatment of raw brines through the DLE (direct lithium extraction) phase into the polishing and purification of battery-grade lithium feedstock.

Lithos is working with multiple strategic mineral resource owners, including brines from the largest salars in Chile and Argentina, and the Smackover reservoir in the southeastern United States. The company's wholly owned subsidiary, Aqueous Resources LLC, is a U.S. Department of Energy grant awardee and a Colorado Advanced Industries grant awardee.