Lithium Energi Exploration Inc. (the "Company" or "LEXI") to announced that, under its JV Agreement with Global Oil Management Group, LLC ("GOMG"), implementation of exploration
and development plans is accelerating rapidly. The new JV will be known as Triangle Lithium Argentina, S.A. ("TRILA"). LEXI is both obligated and excited to make reference to two recent press releases in which LEXI was mentioned - one by Sorcia Minerals, a private U.S. mineral development company ("Sorcia") issued January 10, 2022, and one by International Battery Metals Ltd., a publicly-traded Canadian technology company ("IBAT") (CSE: IBAT) issued January 11, 2022. Sorcia announced its new joint venture with Terra Novo Energy, a GOMG affiliate. The new joint venture was formed as Triangle Lithium, LLC ("Triangle"). Sorcia and its affiliates (the "Sorcia Group") are also shareholders in IBAT. IBAT announced that Triangle's initial project is the TRILA JV in which LEXI is a 20% non-dilutable stakeholder and that development is slated to commence immediately, with the Sorcia Group owning the exclusive license to utilize IBAT's technology in Argentina and Chile. IBAT further stated that it has substantially completed the construction of its first lithium extraction unit and the system modules are currently being heat traced and insulated with final assembly and testing to take place in March in the U.S. prior to deployment to South America. LEXI is also pleased to announce that, in collaboration with GOMG, it has completed claim selection for the TRILA JV, specifically being 6 claims comprising approximately 15,000 hectares of LEXI's holdings in the northern sections of the Antofalla Salar and that, as an important result, it is nearing completion of contract negotiations that will result in the launch of a new drilling campaign on the selected claims commencing in the first quarter of 2022.