Mr. Dirk Harbecke reports

ROCK TECH AMENDS AND CLOSES OPTION AGREEMENT ON BOSTON LAKE CLAIMS IN THUNDER BAY MINING DISTRICT

Further to its press release issued on May 25, 2023, the TSX Venture Exchange preapproved the option agreement, as amended on June 29, 2023, following which Rock Tech Lithium Inc. has been granted the option to acquire a 100-per-cent undivided interest in the unpatented mining claims associated with the property of in total 6,150 hectares in the Thunder Bay mining district of Ontario (the Boston Lake claims).

During the three-year term of the agreement, Rock Tech will make annual cash payments totalling $175,000 and must incur aggregated exploration expenditures in the amount of $350,000 in stages.

Concurrent with the cash payments, Rock Tech will issue in total a maximum of 88,361 common shares in the capital of the company, on which the first tranche of up to 12,623 shares or the value of $25,000 will be issued upon receipt of the regulatory approval of the terms of the agreement.

The agreement provides for a payment of 2-per-cent net smelter return royalties (NSR) equalling to 2 per cent of the net value of products mined and removed from the property to the optionor. Provided by the terms of the agreement, Rock Tech has the right at any time to purchase from the optionor 1 per cent of the 2-per-cent royalties by way of a one-time payment of $1-million.

About Rock Tech Lithium Inc.

Rock Tech is a clean technology company with operations in Canada and Germany on a mission to produce lithium hydroxide for electric vehicle batteries. The company plans to build lithium converters at the doorstep of its customers, to guarantee supply-chain transparency and just-in-time delivery, beginning with the company's proposed lithium hydroxide merchant converter and refinery facility in Guben, Germany. To close the most pressing gap in the clean mobility story, Rock Tech has gathered one of the strongest teams in the industry. The company has adopted strict environmental, social and governance standards and is developing a proprietary refining process aimed at further increasing efficiency and sustainability. Rock Tech plans to source raw material from its wholly owned Georgia Lake spodumene project located in the Thunder Bay mining district of Ontario, Canada, as well as procuring it from other responsibly producing mines. In the years to come, the company expects to also source raw material from discarded batteries. Rock Tech's goal: to create a closed-loop lithium production system.

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