Mr. Blake Hylands reports

LITHIUM IONIC ANNOUNCES DATE FOR ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

Lithium Ionic Corp. has set Aug. 18, 2026, for its annual general and special meeting (AGM), when it will also fulfill the requisition of Waratah Capital Advisors Ltd. for a shareholders meeting to address board renewal.

On recommendation of Lithium Ionic's special committee, the board of the company has called the shareholders meeting to address typical annual matters, including the election of members of the board of directors for the ensuing year. The company anticipates continued discussion with representatives of Waratah and other shareholders to identify further directors for nomination.

Shareholders will be aware that certain directors have ceased to be members of the company's board of directors and have been named as respondents in an Ontario Securities Commission (OSC) enforcement proceeding. With respect to matters before the OSC, Lithium Ionic notes that it is not a respondent in the proceeding. No orders are sought against the company. The allegations in the OSC proceeding are directed at those named individuals and at Emerita Resources Corp.

Lithium Ionic remains focused on its Bandeira lithium project, in Minas Gerais, Brazil, the heart of a region that is rapidly establishing itself as one of the world's most important hard-rock lithium districts.

About Lithium Ionic Corp.

Lithium Ionic is a Canadian lithium development company focused on responsibly advancing its 100-per-cent-owned Bandeira lithium project in Minas Gerais, Brazil, a region coined the Lithium Valley that is emerging as a world-class hard-rock lithium district. The company is executing on a focused development strategy centred on engineering de-risking, permitting advancement, commercial planning and construction readiness, with the goal of becoming a near-term producer of high-quality spodumene concentrate for global battery supply chains.

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