Mr. Dustin Nanos reports

SALI LITHIUM CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT

Sali Lithium Inc. has closed the first tranche of its previously announced non-brokered private placement (see news releases of May 15, 2025, and June 16, 2025) for aggregate gross proceeds of $784,001. The company issued 4.06 million hard-dollar (HD) units of the company, at a purchase price of 12.5 cents per HD unit, and 1,843,340 flow-through (FT) units of the company, at a purchase price of 15 cents per FT unit. Each HD unit comprises one common share in the capital of the company and one share purchase warrant, exercisable into one common share at an exercise price of 25 cents per share for 24 months from closing, subject to accelerated expiry under certain conditions. Each FT unit comprises one common share issued on a flow-through basis pursuant to the Income Tax Act (Canada) and one-half of one common share purchase warrant. Each whole FT warrant is exercisable to acquire one common share at an exercise price of 25 cents for a period of 12 months from closing. All securities issued and issuable under the offering are subject to a statutory hold period of four months and one day from the date of issuance. The company paid a finder's fee to Ventum Financial Corp., consisting of $38,800 in cash and 308,800 non-transferable broker warrants, otherwise on the same terms as the HD warrants.

The net proceeds from the HD units will be used to finance approximately $200,000 of additional exploration on the company's project in Argentina and for general working capital purposes. The gross proceeds from the FT shares will be used to incur Canadian eligible resource exploration expenses that will qualify as Canadian exploration expenses as defined in the Income Tax Act (Canada) on the company's mineral interests in Quebec, Canada.

About Sali Lithium Inc.

Sali Lithium is a mineral exploration company dedicated to the discovery and development of mineral resources. The company holds a controlling interest in the El Quemado project, comprising 46 mining concessions totalling 58,000 hectares in Salta province, Argentina. Additionally, the company has a 4,680-hectare gold property, located in the prolific Windfall God camp in Quebec, and 30,022 hectares covering two greenstone belts in the James Bay region, Quebec, Canada.

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