Mr. Dustin Nanos reports

PURSUIT GOLD COMPLETES AMALGAMATION WITH SOUTH AMERICAN LITHIUM AND RECEIVES CSE CONDITIONAL APPROVAL FOR LISTING

Sali Lithium Corp., formerly Pursuit Gold Corp., has completed its previously announced acquisition of 1477430 B.C. Ltd. (formerly South American Lithium Corp., an Alberta corporation), by way of a three-cornered amalgamation carried out under the Business Corporations Act (British Columbia), and the common shares of the resulting issuer have been conditionally approved for listing on the Canadian Securities Exchange under the symbol SALI.

The amalgamation

The amalgamation was carried out pursuant to the amalgamation agreement dated July 14, 2023, between the company and Sali, as reinstated and amended on Jan. 29, 2024, and amended on April 30, 2024. Under the amalgamation, Sali combined with 1477445 B.C. Ltd. (Pursuit Subco) to become a wholly owned subsidiary of the company as the resulting issuer. Concurrent with completion of the amalgamation, the company changed its name to Sali Lithium.

The amalgamation was subject to a number of conditions, which were met prior to its implementation, including approval of the shareholders of the company respecting the amalgamation as a fundamental change and the CSE's clearance of the company's draft Form 2A listing statement respecting the amalgamation.

Pursuant to the amalgamation, former shareholders of Sali received an aggregate of 34,503,325 common shares of the company in exchange for their common shares of Sali shares on a one-for-one basis and all outstanding Sali warrants and incentive options became exercisable into resulting issuer shares in accordance with their terms. The resulting issuer now has an aggregate of 50,752,325 resulting issuer shares issued and outstanding.

Management of the resulting issuer

Following the completion of the amalgamation, the board and management of the resulting issuer were reconstituted through resignations and appointments, so that the following persons are now directors and officers of the resulting issuer:

• Dustin Nanos, chief executive officer and director;
• Christina Blacker, chief financial officer and corporate secretary;
• Ken Booth, director;
• Michelle DeCecco, director and board chair;
• Richard Rosner, director.

Listing statement and resumption of trading

Further details about the resulting issuer, including information about the board and management, financial information, and information about its principal mineral property, the El Quemado project, located in Salta province, Argentina, will be included in the listing statement and in subsequent news releases and other public filings, all of which will be available for review on the company's CSE profile and under the company's profile on SEDAR+. Completion of the listing and resumption of trading in the company's shares under the company's new name remain subject to final approval by the CSE, which the company hopes to receive shortly.

About Sali Lithium Corp.

Sali is a mineral exploration company focused on exploration for lithium resources in Argentina. Its primary property is its interest in the El Quemado project, comprising 46 mining concessions (minas), located in Salta province, Argentina, which is being explored for lithium mineralization.

We seek Safe Harbor.