Mr. Scott Taylor reports

LITHOS ANNOUNCES SHARE CONSOLIDATION

Lithos Group Ltd. intends to consolidate the common shares of the company on the basis of one postconsolidation share for 10 preconsolidation shares.

The consolidation will become effective at the opening of the market on May 13, 2025. The symbol, LITS, will remain the same. The new Cusip number will be 53687L201 and its new ISIN (international securities identification number) will be CA53687L2012 for the postconsolidation shares. Currently, a total of 91,067,038 shares are issued and outstanding. Accordingly, upon the consolidation becoming effective, a total of 9,106,722 shares, subject to adjustments for rounding, will be issued and outstanding. Where the exchange results in a fractional share, the number of shares will be rounded up to the nearest whole share. The exercise or conversion price and/or the number of shares issuable with respect to any of the company's outstanding convertible securities will be proportionately adjusted in connection with the consolidation. There is no maximum number of authorized shares.

Endeavor Trust Corp. will mail out a letter of transmittal to the shareholders of record on May 13, 2025, providing instructions on exchanging preconsolidation share certificates for postconsolidation share certificates. Shareholders are encouraged to send their share certificates, together with their letters of transmittal, to Endeavor Trust in accordance with the instructions in the letter of transmittal. The board of directors is proceeding with the consolidation on the basis that it may provide the company with increased flexibility to seek additional financing opportunities. The consolidation remains subject to the policies of the Canadian Securities Exchange.

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.

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