Century Lithium Provides Update on Feasibility Study and Sodium Hydroxide as a By-Product

Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) (Century Lithium or Company) reports that the Feasibility Study on the Company's Clayton Valley Lithium Project (Project), in Nevada, USA under the direction of Wood PLC and Global Resource Engineering Ltd., is currently under review by the Qualified Persons, and the Company anticipates its announcement imminently.

To date, the Company's Feasibility Study team has revised and updated estimates for a phased production approach at the Project. These revisions also included assessment and evaluation of the economic benefit of sales of the surplus sodium hydroxide produced by the chlor-alkali plant.

The Company's Lithium Extraction Facility (Pilot Plant) in Amargosa Valley, Nevada is now in its third year of testing the processing of lithium-bearing claystone from the Project. All data collected has been essential to the Feasibility Study. Century Lithium continues to work toward permitting the Project including the collection of baseline data collection for biology, surface and groundwater hydrology, and social impacts. Earlier this year, baseline reports were submitted by the Company's consultants and were accepted by the appropriate government agencies. Multiple reports have been completed which will aide in the preparation of a Plan of Operations to initiate the National Environmental Policy Act (NEPA) process.

Century Lithium Corp. (formerly Cypress Development Corp.) is an advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in west-central Nevada, USA . Century Lithium is currently in the pilot stage of testing on material from its lithium-bearing claystone deposit at its Lithium Extraction Facility in Amargosa Valley, Nevada and progressing towards completing a Feasibility Study and permitting, with the goal of becoming a domestic producer of lithium for the growing electric vehicle and battery storage market.

ON BEHALF OF Century Lithium CORP.
WILLIAM WILLOUGHBY , PhD., PE
President & Chief Executive Officer

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

This release includes certain statements that may be deemed to be "forward-looking statements". Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as " expects," "estimates," "projects," "anticipates," "believes," "could," "scheduled," and other similar words. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration, and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

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SOURCE Century Lithium Corp.

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Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) (Century Lithium or the Company) is pleased to report it has obtained a provisional patent with the U.S. Patent and Trademark Office, U.S. Department of Commerce. The provisional patent is titled System and Method for Extracting Lithium from Clay and Other Materials in a Chloride Solution Using Individualized Pretreatments . The patent pending process encompasses the Company's flowsheet, as developed at its Lithium Extraction Facility ("Pilot Plant") in Amargosa Valley, Nevada USA and protects the Company's intellectual property (IP) pertaining to the handling of solutions derived from the treatment of solid materials including clays from the Company's Clayton Valley Lithium Project (Project) in Nevada .

Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) (Century Lithium or the Company) is pleased to report testing results at Saltworks Technologies, Inc. (Saltworks) in Richmond Canada and additional production of high-purity lithium carbonate (Li 2 CO 3 ) using product solutions from the Company's Lithium Extraction Facility (Pilot Plant) in Amargosa Valley, Nevada USA. The solutions tested at Saltworks were derived from leaching of claystone from the Company's 100%-owned Clayton Valley Lithium Project (Project) in Nevada ; and processed at the Pilot Plant via direct lithium extraction (DLE) to produce an intermediate concentrated lithium solution (DLE eluent).

"It is very positive to see consistency in our high-purity, 99.87%, lithium carbonate product grades from our Pilot Plant this year" stated Bill Willoughby , President, and CEO of Century Lithium. "The highlight though, is the almost five-fold increase in lithium grade in the concentrated lithium solution generated at the Pilot Plant. This was achieved through collaboration with Koch Technology Solutions and their Li-Pro ^TM system, and its integration into Century Lithium's chloride-based leaching process."

• Repeated production of high-purity (99.87%) battery-grade lithium carbonate
• Improved lithium concentrations in DLE eluent
• Reduced volume of solution in downstream treatment and recycling
• Potential to eliminate evaporation from the post DLE process flowsheet
• Active testing underway to further improve DLE eluent grade

Saltworks has once again produced battery-grade lithium carbonate (Li ₂ CO ₃ ) from the DLE eluent produced at the Pilot Plant. The table below is a comparison of Saltworks' 2023 results for Li ₂ CO ₃ , DLE eluent Batch 2, with the previously reported results from DLE eluent Batch 1 (see May 25 , 2023 news release ). Also shown are the constituent levels for battery grade Li ₂ CO _3, as published by two major producers. The assays results were finalized by Saltworks and independently assayed by SGS Canada, Inc. These results show consistency in composition of both the DLE eluent produced by the Pilot Plant earlier in the year and the resulting Li ₂ CO ₃ product produced by Saltworks, achieving 99.871% content versus 99.875% reported previously.

As recently reported (see August 9, 2023 news release ), Century Lithium collaborated with Koch Technology Solutions (KTS), a Koch Engineered Solutions' (KES) company, and integrated KTS' Li-Pro ^TM system into the DLE stage of the Pilot Plant. This work has increased the grades of the DLE eluent (intermediate lithium product solution) several fold. These changes are outlined in the table below, as reported by analyses from Saltworks.

Batches 1, 2 and 3 are DLE eluents produced during the first quarter of 2023. Li ₂ CO ₃ production was carried out to completion in batches 1 and 2 but the processing of Batch 3 was put on hold due to its similarity to batches 1 and 2 and the improvements seen in the grades of batches 4 and 5. These improvements in lithium grade from 1,430 parts per million (ppm) to 6,780 ppm, increase in the ratio of lithium to total dissolved solids (TDS) from 0.018 to 0.085, and reduction in sodium from 25,850 ppm to 8,220 ppm all occurred with the introduction of KTS' Li-Pro ^TM system into the DLE stage of the Company's Pilot Plant.

The increase in lithium (Li) grade and the Li:TDS ratio has positive implications for the size and costs of the lithium carbonate production portion of the lithium extraction process at the Project. Within the Saltworks flowsheet, these higher values equate to a lower volume of solution to be treated and a proportionate decrease in the amount of water that must be removed (evaporated) prior to lithium carbonate precipitation. This will also affect the recycled solutions within the lithium carbonate production stage by reducing the volume of solutions moved in this stage and other leaching areas of the processing plant.

The information derived from the Pilot Plant, including the test results from the combination of Century Lithium's DLE process and KTS' Li-Pro ^TM system, and recent component changes at the Saltworks laboratory, is supplemental to the Feasibility Study for the project. The design basis for the Feasibility Study was established at a Li:TDS ratio of 0.02.

The Saltworks flowsheet targets a lithium grade of 10,000 to 20,000 ppm (10-20 g/L) for precipitation. Work with KTS at the DLE stage at the Pilot Plant has seen preliminary, internally assayed, lithium solution grades of over 8,000 ppm in the DLE eluent. Work is continuing within the DLE area to further increase lithium grades in solution, creating the scope to reduce solution volumes and the potential to eliminate a major evaporation step from the process flowsheet. As a supplement to the Feasibility Study, the Company is pursuing these potential cost and size savings with Saltworks.

Work on the Feasibility Study continued throughout the six months ended June 30, 2023 , with more than 20,000 consultant hours expended since its commencement. Following receipt of initial values from our consultants, Wood PLC and thyssenkrupp nucera, the Company is conducting internal reviews to assess optimization and cost reduction opportunities; work which is underway. In June 2023 , the Company engaged Kiewit Industrial Group in Lone Tree, Colorado to assist with the review of project designs and estimates with attention to site development, material and supply costs, and construction methods. One optimization opportunity, reducing or eliminating the use of thickeners for tailings separation in the process configuration, was implemented and is under trial at the Pilot Plant.

The Company's collaboration with KTS is underway, utilizing KTS' Li-Pro ^TM equipment in the DLE section of the Pilot Plant, where lithium is selectively recovered from the leach solution while deleterious elements are rejected. Testing with KTS is expected to continue through the 3 ^rd quarter while KTS collects information to prepare an engineering design and cost estimate for a full-scale deployment of Li-Pro ^TM system which will supplement the Company's Feasibility Study.

Todd Fayram , MMSA-QP and Daniel Kalmbach , CPG, are the qualified persons as defined by National Instrument 43-101 and have approved the technical information in this release.

Century Lithium Corp. (formerly Cypress Development Corp.) is an advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in west-central Nevada, USA . Century Lithium is currently in the pilot stage of testing on material from its lithium-bearing claystone deposit at its Lithium Extraction Facility in Amargosa Valley, Nevada and progressing towards completing a Feasibility Study and permitting, with the goal of becoming a domestic producer of lithium for the growing electric vehicle and battery storage market.

ON BEHALF OF Century Lithium CORP.
WILLIAM WILLOUGHBY , PhD., PE
President & Chief Executive Officer

centurylithium.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

This release includes certain statements that may be deemed to be "forward-looking statements". Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as " expects," "estimates," "projects," "anticipates," "believes," "could," "scheduled," and other similar words. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration, and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

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SOURCE Century Lithium Corp.

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Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) (Century Lithium or the Company) is pleased to report successful progress in its collaboration with Koch Technology Solutions (KTS), a Koch Engineered Solutions (KES) company. As reported previously (see April 17, 2023 news release ) Century Lithium and KTS are working together on the application of KTS's Li-Pro ™ system at Century's Lithium Extraction Facility (Pilot Plant) in Amargosa Valley, Nevada USA.

"Century Lithium is delighted to see the progress made in our collaboration with Koch Technology Solutions" stated Bill Willoughby , President, and CEO of Century Lithium. "Our team, with KTS's input has successfully incorporated and operated the equipment at our Pilot Plant with significantly improved results."

Since October 2021 , Century Lithium has been continuously testing the extraction of lithium from the claystone found at its 100%-owned Clayton Valley Lithium Project (Project) in Nevada utilizing a chloride-based leaching process. Testing of the Li-Pro ^™ system was conducted to evaluate potential improvements in the direct lithium extraction (DLE) area of the Pilot Plant.

Adam Sackett , President of Koch Technology Solutions, added, "The steady state results generated onsite with the Koch Technology Solutions Li-Pro™ Direct Lithium Extraction process has hit all our key milestones for the Century pilot program. We are excited to move towards engineering and executing a Li-Pro™ installation with commercial process guarantees."

With the integration of KTS's DLE process, the grades of the intermediate lithium solution produced at the Pilot Plant have increased to the highest levels to date, with an average grade of 7.5 grams/liter (g/l) (7,500 parts per million) lithium. These lithium concentrations are four times higher than previously generated, with sodium concentrations almost an order of magnitude lower.

Highlights To Date

• Successful installation and operation of Koch's Li-Pro ^™ DLE process
• Li-Pro ^™ plant achieved steady state using Century Lithium's chloride leaching process
• Manufacture intermediate solutions with lithium grades of 7 to 8 g/l concentrations with average lithium to sodium ratios of 0.9 to 1.1
• No observed degradation of media or accumulation of deleterious elements

Operational Results
Since the installation of KTS's DLE equipment, Century Lithium has focused on improvements related to the operational aspects of the Pilot Plant and adjustments to the final flowsheet. These improvements were well supported through the development and incorporation of KTS's DLE equipment at the Pilot Plant.

Century Lithium, with the support of KTS, has identified techniques to improve lithium recovery within the DLE area while minimizing deleterious elements in the final solutions. Collaboration between Century Lithium and Koch staff is very productive, generating ideas and changes that have resulted in the complete removal of calcium and magnesium, and marked reduction of sodium and potassium in the product solutions.

Todd Fayram , MMSA-QP is the qualified person as defined by National Instrument 43-101 and has approved the technical information in this release.

Century Lithium Corp. (formerly Cypress Development Corp.) is an advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in west-central Nevada, USA . Century Lithium is currently in the pilot stage of testing on material from its lithium-bearing claystone deposit at its Lithium Extraction Facility in Amargosa Valley, Nevada and progressing towards completing a Feasibility Study and permitting, with the goal of becoming a domestic producer of lithium for the growing electric vehicle and battery storage market.

ON BEHALF OF Century Lithium CORP.
WILLIAM WILLOUGHBY , PhD., PE
President & Chief Executive Officer

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Cautionary Note Regarding Forward-Looking Statements
This release includes certain statements that may be deemed to be "forward-looking statements". Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as " expects," "estimates," "projects," "anticipates," "believes," "could," "scheduled," and other similar words. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration, and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

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SOURCE Century Lithium Corp.

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