Mr. Marc Branson reports

WEEKAPAUG LITHIUM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Weekapaug Lithium Ltd. has arranged a non-brokered private placement of a minimum of 16,666,666 units of the company and a maximum of 23,333,333 units at a price of three cents per unit for aggregate gross proceeds of a minimum of $500,000 and a maximum of $700,000, which will be offered for sale to purchasers resident in Ontario, British Columbia and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption (LIFE) under Part 5A of National Instrument 45-106, Prospectus Exemptions.

Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at an exercise price of five cents for a period of 12 months following the closing of the LIFE offering.

The company intends to use the net proceeds from the LIFE offering for property development, general working capital purposes and repayment of certain debt, subject to compliance with the polices of the Canadian Securities Exchange.

The company may compensate certain eligible finders, and pay a cash commission of up to 8 per cent of the gross proceeds raised in respect of the LIFE offering from subscribers introduced by the eligible finders and issue such number of finders' warrants equal to 8 per cent of the total number of units sold under the LIFE offering to subscribers introduced by the eligible.

The LIFE offering may be completed in multiple closings, with the final closing to occur no later than Oct. 28, 2024. The securities issued pursuant to the LIFE offering will not be subject to any statutory hold period in accordance with applicable Canadian securities laws.

There is an offering document related to the LIFE offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

About Weekapaug Lithium Ltd.

Weekapaug Lithium's focus is dedicated to exploring and developing its 100-per-cent-owned Nakina lithium and Firstbrook hydrogen properties, located in Northern Ontario, Canada.

We seek Safe Harbor.