Mr. Chris Doornbos reports

E3 LITHIUM PRODUCES BATTERY QUALITY LITHIUM HYDROXIDE MONOHYDRATE WITH PURITY OF 99.78%

E3 Lithium Ltd. has successfully produced 99.78 per cent pure battery-quality lithium hydroxide monohydrate (LHM).

The conversion process to produce LHM begins with further purification and concentration of the lithium concentrate produced through direct lithium extraction (DLE), leading to the production of lithium carbonate, as outlined on Aug. 23, 2023. In earlier test work, the lithium concentrate produced by DLE was used to test the processes for purification, concentration and conversion to lithium carbonate. The next step involves converting the lithium carbonate into LHM, followed by crystallization into the final salt form. The purity of the solid LHM is a critical factor for the sale of the product into the battery industry, with greater than 99.5 per cent generally accepted to be battery quality.

E3 Lithium is working with major equipment vendors to develop the downstream refining processes needed for a commercial facility. The lithium concentrate that has been produced from the DLE field pilot plant operations will be used for continual development and testing of this refining process.

"Ultimately, E3 Lithium aims to be a supplier directly into the battery industry," said Chris Doornbos, president and chief executive officer of E3 Lithium. "Demonstrating that we can produce an industry-quality specification on conventional and standard industry equipment is an important and exciting step forward. The engineering work continues on this piece of the flowsheet to support the completion of our prefeasibility study on the Clearwater project."

The results summarized in the attached table are based upon multiple analyses completed by the vendor using internal procedures. E3 Lithium is confirming the results using an independent certified third party laboratory.

About E3 Lithium Ltd.

E3 Lithium is a development company with a total of 16 million tonnes of lithium carbonate equivalent (LCE) measured and indicated and 900,000 tonnes LCE inferred mineral resources in Alberta. As outlined in E3's preliminary economic assessment, the Clearwater lithium project has a net present value (8 per cent) of $1.1-billion (U.S.) with a 32-per-cent internal rate of return pretax and $820-million (U.S.) with a 27-per-cent IRR after-tax. E3 Lithium's goal is to produce high-purity, battery-grade lithium products to power the growing electrical revolution. With a significant lithium resource and innovative technology solutions, E3 Lithium has the potential to deliver lithium to market from one of the best jurisdictions in the world.

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