Mr. Austin Hobkirk reports

EON PROVIDES OROVADA UPDATE

Eon Lithium Corp. has provided an update to its recent news regarding Geovolt Power Corp. (GPC). The company is acquiring all of the issued and outstanding shares of GPC by way of a share exchange as per a news release dated April 17, 2026. GPC holds 100 per cent of the Orovada project, a lithium target located adjacent to the largest lithium clay development project in the United States, the Thacker Pass lithium project. The Orovada project conceptual target is a lithium brine deposit.

GPC has advised the company that a ground program has been initiated at the Orovada project, located in Nevada, United States. Big Sky Geophysics of Bozeman, Mont., has been contracted to complete a time-domain electromagnetic survey (TDEM) across portions of the Orovada project area. A TDEM program will potentially identify any conductor present within the claim area of interest. Electro Imaging Technology will be utilized to generate a three-dimensional profile of any potential drill targets. The program will employ a fixed-loop rectangle measuring format of 1.5 kilometres by 0.5 kilometre. A previous induced polarity (IP) survey identified a conductive zone below surface. The TDEM program is designed to complement and expand on the IP program.

The results of the TDEM program will be utilized in the completion of a coming National Instrument 43-101 technical report by William Feyerabend, a qualified person under NI 43-101. GPC is completing an audit for the completion of the proposed share exchange so that the company can meet minimum listing requirements as per TSX Venture Exchange policy and return to trade.

William Feyerabend, CPG, a consulting geologist and qualified person under NI 43-101, participated in the production of this news release and approves of the scientific and technical disclosure.

We seek Safe Harbor.