Mr. Victor Cantore reports

VISION LITHIUM PROPOSES SHARE CONSOLIDATION

Vision Lithium Inc. has mailed the meeting materials in connection with its annual general and special meeting of shareholders of the company, to be held on Jan. 30, 2026. The meeting materials, including the management information circular dated Dec. 24, 2025, are available under the company's profile on SEDAR+ and on the company's website.

At the meeting, among other things, shareholders will be asked to consider a resolution approving a consolidation of the company's issued and outstanding common shares on the basis on the basis of a consolidation ratio to be selected by the company's board of directors, within a range of between one postconsolidation common share for 10 preconsolidation common shares and one postconsolidation common share for 15 preconsolidation common shares. If the consolidation proposal is approved, no more than one consolidation will take place and there will be no successive share consolidations without the further approval of the company's shareholders. Moreover, if the consolidation proposal is approved, the consolidation would only be implemented, if at all, upon a determination by the company's board of directors that it is in the best interests of the company and its shareholders, at that time.

Background and reasons for the consolidation

The company's board of directors is seeking shareholder approval to implement the consolidation because it believes that the resultant increase to the trading price of the common shares from effecting the consolidation could potentially, and principally, broaden the pool of investors that may consider investing or be able to invest in the company.

The company anticipates that the consolidation may result in certain additional ancillary benefits. Achieving a higher market price for the common shares through the consolidation could enhance the company's comparability against its peers on per share metrics, as well as minimizing price volatility of the common shares. The consolidation could also attract investors whose internal investment policies prohibit or discourage them from purchasing stocks trading below a certain minimum price. The consolidation may also increase analysts and brokers interest as policies governing analysts and brokers may discourage following or recommending companies with lower stock prices. In addition, brokerage houses and institutional investors may have internal policies and practices that either prohibit them from investing in lower-priced stocks or tend to discourage individual brokers from recommending lower-priced stocks to their customers, in part because processing of trades in lower-priced stocks may be economically unattractive.

Proposed consolidation ratios

If the consolidation is approved and implemented, its principal effect will be to proportionately decrease the number of issued and outstanding common shares by a factor equal to the consolidation ratio selected by the board of directors. As of the date hereof (and as at the record date for the meeting at the close of business on Dec 24, 2025), the last closing price of the common shares on the TSX Venture Exchange was two cents and there are 293,019,151 common shares issued and outstanding. Based on the number of common shares currently issued and outstanding, immediately following the completion of the consolidation, for illustrative purposes only, depending on the consolidation ratio selected, the number of common shares then issued and outstanding (disregarding any resulting fractional common shares) will be as detailed in the attached table.

The exercise or conversion price and/or the number of common shares issuable under any other outstanding convertible securities of the company, including under outstanding incentive stock options, common share purchase warrants, agent compensation options and any other similar securities of the company, will be proportionately adjusted upon the implementation of the consolidation, in accordance with the terms of such securities, on the same basis as the consolidation.

The board is recommending that shareholders approve the consolidation proposal at the meeting. The company is not expected to change its name or trading symbol in conjunction with the consolidation proposal. The consolidation is subject to regulatory approval, including approval of the TSX-V, at the time of the proposed consolidation.

About Vision Lithium Inc.

Vision Lithium is a junior exploration company focused on exploring and developing high-quality mineral assets, including lithium and copper, in Canada. The company is led by skilled and qualified mineral exploration experts and business professionals with a deep understanding of the battery materials market, which is driven by lithium-ion batteries. Vision Lithium completed a preliminary economic assessment (PEA) on its Sirmac lithium project in 2023. The company is committed to discovering new, world-class assets and bringing these assets to production, starting with its advanced Sirmac lithium property in Quebec and Godslith lithium property, located in Manitoba, and a group of base-metal-rich Ni-Cu-Co (nickel-copper-cobalt) and/or Cu-Zn-Ag-Au (copper-zinc-silver-gold) properties in eastern Quebec and New Brunswick.

We seek Safe Harbor.