LithiumBank Resources Corp. provided the following update regarding the proposed sale of the Company's three lithium brine projects, Estevan, Kindersley and South located in Saskatchewan, Canada to Pristine Lithium Corp. The Transaction is proceeding as announced in the Company's news release dated July 31, 2023 and the parties are continuing to work together to close the Transaction.

The Company received conditional acceptance from the TSX Venture Exchange for the Transaction. Completion of the Transaction remains subject to a number of conditions, including completion of the Buyer's concurrent best efforts private placement at a price per security of at least $0.30 for aggregate gross proceeds of not less than CAD 9,000,000, and receipt of applicable governmental and regulatory approvals, including final acceptance of the TSXV. The Transaction has an outside date of January 24, 2024.