Mr. Scott Taylor reports

LITHOS SETTLES $494,109.45 IN DEBT OWED TO VARIOUS CREDITORS AND ANNOUNCES RESIGNATIONS OF DIRECTORS

Lithos Group Ltd. has settled 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 settlement was completed through the issuance 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.

All shares issued in connection with the debt settlement are subject to a four-month hold period in accordance with applicable Canadian securities laws and the policies of the CSE.

Resignation of directors

The company would also like to announce the resignations of Michael McKenna, Anton Klaveness and Martin Silvan from the board of directors of Lithos. As a result, the board is currently composed of Scott Taylor, Jennie Choboter and Michael Westlake. The company extends its gratitude to Mr. McKenna, Mr. Klaveness and Mr. Silvan for their dedication and contributions, and wishes them success in their future endeavours.

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 carbon dioxide emissions, led by continuing growth in 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 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. Its wholly owned subsidiary, Aqueous Resources LLC, is a U.S. Department of Energy grant awardee and a Colorado Advanced Industries grant awardee.