Mr. Andrew Bowering reports

AMERICAN LITHIUM ANNOUNCES CEO APPOINTMENT

American Lithium Corp. has appointed Alex Tsakumis as chief executive officer (CEO) effective Jan. 29, 2026. Mr. Tsakumis was the interim CEO of the company since Sept. 1, 2024, and a member of the board of directors since 2021.

Mr. Tsakumis is a public markets specialist with over 30 years of experience in the mineral resource industry, with a background in corporate governance, communications, finance, and mergers and acquisitions. He has held senior roles at Prime Mining Corp., Alio Gold/Timmins Gold and Orko Silver, and maintains strong relationships within the investment banking and institutional investment community.

During his tenure as interim chief executive officer, the company achieved several key milestones including completing an oversubscribed financing, enacting stronger corporate governance, streamlining operating and corporate costs, optimizing processing flow sheets in Peru, securing additional private water rights in Nevada, and seeing the final resolution of its disputed Peruvian assets.

Andrew Bowering, executive chairman, commented, "Since assuming the interim CEO role, Alex has demonstrated leadership and delivered meaningful progress while guiding the company through a period of transition."

Additionally, effective Jan. 27, 2026, the company's board have approved the cancellation of an aggregate of 1,835,800 stock options granted under the company's omnibus incentive plan, previously announced on Feb. 16, 2022, and Feb. 2, 2023. The cancelled options were granted to certain officers and directors of the company at an exercise price of $3.63 and $4.85 per common share (expiry date of Feb. 16, 2027, and Feb. 2, 2028, respectively).

About American Lithium Corp.

American Lithium is developing two of the world's largest, advanced-stage lithium projects, along with the largest undeveloped uranium project in Latin America. They include the TLC claystone lithium project in Nevada and the Falchani hard-rock lithium project in southern Peru, which also hosts a globally significant cesium resource, as well as the Macusani uranium located in the same region. All three projects have completed robust preliminary economic assessments, exhibit significant expansion potential and enjoy strong community support.

We seek Safe Harbor.