E3 Lithium Welcomes Former Alberta Energy Minister, Hon. Sonya Savage, to its Board of Directors

Emphasizes:

• The Hon. Sonya Savage, previous Minister of Energy, Minister of Justice and Solicitor General and Minister of Environment and Protected Areas for the Province of Alberta, signs up with E3 Lithium’s Board of Directors
• Throughout her period as Minister of Energy, Ms. Savage promoted the advancement and execution of policies, legislation and policies to allow important mineral advancement in Alberta
• An attorney by background, Ms. Savage is nationally and globally acknowledged for her capability to browse and stabilize energy security and environment interests

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CALGARY, Alberta– E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), “E3 Lithium” or the “Company,” a leader in Canadian lithium, is happy to reveal that the Hon. Sonya Savage, previous cabinet minister and Minister of Energy for the Province of Alberta, has actually signed up with the Company’s Board of Directors reliable right away.

Ms. Savage worked as a Senior Minister for 4 years in the Alberta Government as Minister of Energy, Minister of Justice and Solicitor General and Minister of Environment and Protected Areas. Ms. Savage brings with her a wealth of competence in establishing and carrying out environment and energy policies, legislation and guidelines.

Throughout her time as Minister of Energy, Ms. Savage supervised the advancement of Alberta’s energy and mineral resources, and carried out policies, legislation and guidelines to make it possible for vital mineral advancement, consisting of brine-hosted minerals, in the province. Ms. Savage led the advancement of Bill 82, the Mineral Resource Development Actwhich got royal assent in 2021, offering regulative oversight of Alberta’s mineral resources to the Alberta Energy Regulator (AER), and placing Alberta as a favored manufacturer and provider of metal and mineral resources. Ms. Savage likewise assisted establish the governance structure and required for the Alberta Indigenous Opportunities Corporation in her function as Minister of Energy.

Ms. Savage operated in personal practice as a litigator for 13 years and studied law at the University of Calgary. She got her Master of Laws (LLM) in 2015 with a released thesis on the altering function of the National Energy Board. Ms. Savage was likewise selected Queen’s Counsel (King’s Counsel) in 2022.

“Sonya is among the real specialists in policy throughout Alberta’s energy market,” stated Chris Doornbos, President and CEO of E3 Lithium. “Her management in the advancement of the guidelines underpinning the vital minerals market in Alberta has actually contributed to the market and E3 Lithium’s development. Her forward-thinking techniques will be vital as E3 Lithium advances into the next phases of its advancement. I could not be more ecstatic to invite her to the Company’s Board of Directors.”

“Sonya is a really welcome addition to E3 Lithium’s Board of Directors, and I encompass her a warm welcome on behalf of the whole Board,” stated John Pantazopoulos, Chairperson of the Board of Directors. “E3 Lithium will benefit exceptionally from Sonya’s special background, specialized understanding of the energy sector and her tested performance history of promoting financial diversity in Alberta.”

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The Company has actually given Ms. Savage 300,000 reward stock choices (the “Options”) exercisable to get as much as 300,000 typical shares of the Company at a workout rate of $1.70 per share under its omnibus equity reward strategy. One third of the alternatives will vest at each of the 12, 24 and 36 month anniversaries and end in 3, 4 and 5 years, respectively. The grant of the Options undergoes approval by the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS
Chris Doornbos, President & & CEO
E3 Lithium Ltd.

About E3 Lithium

E3 Lithium is an advancement business with an overall of 16.0 million tonnes of lithium carbonate equivalent (LCE) Measured and Indicated and 0.9 million tonnes LCE Inferred mineral resources¹ in Alberta. As laid out in E3’s Preliminary Economic Assessment, the Clearwater Lithium Project has an NPV8% of USD 1.1 Billion with a 32% IRR pre-tax and USD 820 Million with a 27% IRR after-tax¹E3 Lithium’s objective is to produce high pureness, battery grade lithium items to power the growing electrical transformation. With a substantial lithium resource and ingenious innovation services, E3 Lithium has the prospective to provide lithium to market from among the very best jurisdictions worldwide.

1: The Preliminary Economic Assessment (PEA) for the Clearwater Lithium Project NI 43-101 technical report is changed Sept 17, 2021. Gordon MacMillan, P.Geol, QP, Fluid Domains Inc. and Grahame Binks, MAusIMM, QP (Metallurgy), previously of Sedgman Canada Limited (Report Date: June 15, 2018, Effective Date: June 4, 2018 Amended Date: September 17, 2021). The mineral resource NI 43-101 Technical Report for the North Rocky Property, reliable October 27, 2017, recognized 0.9 Mt LCE (presumed). The mineral resource NI 43-101 Technical Report for the Bashaw District Project, reliable March 21, 2023, recognized 16.0 Mt LCE (determined & & suggested). All reports are offered on the E3 Lithium’s site ( e3lithium.ca/ technical-reportsand SEDAR+ ( www.sedarplus.ca.

Positive and Cautionary Statements

This press release consists of particular positive declarations along with management’s goals, methods, beliefs and intents. Forward looking declarations are often recognized by such words as “might”, “will”, “strategy”, “anticipate”, “prepare for”, “quote”, “plan” and comparable words describing future occasions and outcomes. Positive declarations are based upon the present viewpoints and expectations of management. All positive details is naturally unsure and based on a range of presumptions, dangers and unpredictabilities, consisting of the speculative nature of mineral expedition and advancement, varying product costs, the efficiency and expediency of emerging lithium extraction innovations which have actually not yet been checked or shown on a business scale or on the Company’s salt water, competitive dangers and the schedule of funding, as explained in more information in our current securities filings readily available at www.sedarplus.caReal occasions or outcomes might vary materially from those forecasted in the positive declarations and we warn versus positioning excessive dependence thereon. We presume no commitment to modify or upgrade these positive declarations other than as needed by relevant law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is specified in the policies of the TSX Venture Exchange) accepts obligation for the adequacy or precision of this release.

View source variation on businesswire.com: https://www.businesswire.com/news/home/20240305066683/en/

Contacts

E3 Lithium– Investor and Media Relations
Robin Boschman
Director, Investor Relations and Corporate Communications
investor@e3lithium.ca
587-324-2775

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