AZL General Discussion, page-22700

CALGARY, Alberta, August 15, 2024--"E3 Lithium" or the "Company," a leader in Canadian lithium, is pleased to announce that the Alberta Government is investing $5 million through the Emissions Reduction Alberta ("ERA") Technology Innovation and Emissions Reduction ("TIER") fund to support the Company’s integrated Lithium Brine Demonstration Facility (the "Demo Project").

As announced on August 8, E3 Lithium is constructing a Demo Project at an increased scale that will allow for the operation of a fully integrated process that will help in achieving the Company’s goal of producing battery grade lithium carbonate from locally sourced brines in Alberta.

This six-month Demo Project near Olds, Alberta, aims to purify, concentrate and chemically convert brine into battery-grade lithium carbonate, with additional hydroxide developments that will be conducted offsite. The Demo Project will integrate necessary components into a reduced-scale commercial system, providing real-time data to assist in designing a full-scale commercial facility. This project will mitigate risks and gather crucial data on reservoir performance, production forecasts and well logistics, establishing E3 Lithium as the first company to lead such a demonstration project in Alberta and Canada.