LithiumBank Resources

Overview

Lithium plays a pivotal role in our transition to a clean, electric future. It is one of the 31 minerals identified by the Government of Canada as critical for the sustainable economic success of both the country and its allies. These minerals, as laid out in the Canadian minerals and Metals Plan (CMMP) are also crucial to establishing the country as a global leader in the energy transition.

Beyond economic security, socially and environmentally sustainable development practices are also crucial in the country's transition to a low-carbon economy. As the world grapples with the ongoing climate crisis, electrification presents a compelling solution. Renewable energy is poised to replace fossil fuels as sales of electric vehicles continue to surge. Meanwhile, battery-powered sensors and smart devices are quickly becoming the backbone of a connected world, offering us convenience, productivity and more.

This evolution could be derailed by a simple problem. In its current state, lithium production cannot keep pace with global demand. One analyst even suggests that the imbalance, if left unaddressed, could act as a hard cap for lithium demand as early as 2027.

The company is led by a qualified and well-recognized management team comprising professionals from across the energy, geological science, commodity, investment and mining sectors. The team has already cooperated extensively with oil and gas operators and established relationships with leading extraction process technology companies. As it develops its existing claims, it plans to continue acquiring and consolidating high-quality lithium exploration projects.

LithiumBank's current claims are situated in known lithium-bearing hotspots; which, between them, host more than 1,100 existing oil wells. The oil and gas sector has spent decades establishing infrastructure in these areas. Many of these wells and sites are further positioned in reservoirs which could offer the perfect conditions for the application of DLE technology.

"It's a significant advantage that Alberta has been focused largely on extractive resources since its inception as a province in 1905," explained LithiumBank Chairman & CEO Rob Shewchuk. “We're laying the groundwork for what has the potential to become a large-scale, carbon-neutral, battery-grade lithium production opportunity that could add meaningful lithium supply to the battery supply chain in North America.”

LithiumBank's flagship project, Boardwalk, covers a total area of 794,509 acres and has the potential to hold the most contiguous elemental tonnes of lithium of any lithium brine project in North America.

Company Highlights

• LithiumBank Resources is a Canadian exploration and development company. specialized in lithium-enriched brine projects and low-impact direct lithium extraction (DLE) technology.
• The company holds 3.44million acres of mineral titles in Alberta and 326,000 acres of mineral titles in Saskatchewan.
• It has over 3.76 million acres of potential DLE-amenable assets.
• There are currently more than 1,100 wells on LithiumBank's existing claims
• DLE technology has the potential to be a cost-effective, efficient and environmentally-friendly alternative to existing high-impact and high-cost production methods.
• The company's leadership team combines decades of experience across mining, investment, geology, and oil & gas.
• The flagship Boardwalk Lithium Brine project in Alberta consists of 40 Alberta metallic and industrial mineral contiguous permits covering an area of 794,509 acres, within a LithiumBank total land package of approximately 3.44 million acres
• LithiumBank intends to continue practicing strategic acquisition and consolidation of high-quality lithium assets.
• LithiumBank increases lithium-brine land position by over 530,000 acres in Alberta and Saskatchewan.

Key Projects

Boardwalk Lithium Brine Project

The Boardwalk Lithium Brine project is the company’s flagship asset located approximately 85 km east of Grande Prairie and 270 km northwest of Edmonton. The project spans 794,509 acres within LithiumBank’s land package of about 3.44 million acres. The Boardwalk Lithium Brine project also covers 40 Alberta metallic and industrial mineral contiguous permits.

Project Highlights:

• A total of 572,237 acres of contiguous Mineral Permits
• NI 43-101 Inferred Mineral Resource Estimate - June 17, 2021, Apex Geosciences provided the Boardwalk Lithium Brine project with a NI 43-101 Mineral Resource Estimate and Technical Report on Sturgeon Lake (Boardwalk) indicating 5.97 million tonnes of lithium carbonate equivalent (LCE) @ 67.1 mg/l lithium and a total of 1.12 million tonnes elemental Li Inferred Mineral Resource of
• A preliminary economic assessment is expected in November 2022
• More than 550 wells have been drilled into the Leduc formation at Sturgeon Lake by previous and current petro-operators, 65 of which have been historically sampled for Leduc formation brine between 2010 and 2019. The project has an average well expected to have a production potential of over 3,000 m3/day
• LithiumBank formed a brine access agreement with the major petro-operator in control of the Sturgeon Lake South and Sturgeon Lake North to obtain brine from the existing oil and gas infrastructure for the purpose of exploration work

Park Place

The Park Place Lithium Brine project is LithiumBank’s exploration and development asset that’s adjacent to the Leduc Carbonate Reef Complex (Woodbend Group) and the underlying Swan Hills Carbonate Complex (Beaverhill Lake Group) - two regions historically known to host the highest grades of lithium-in-brine concentrations in Alberta. Formerly known as Fox Creek, LithiumBank’s Park Place metallic and industrial mineral permit area is home to historical samples ranging from 76 mg/l to 130 mg/l lithium.

Project Highlights:

• The Park Place project has 1.36 million acres of contiguous mineral permits
• Historic lithium brine samples assayed 76 – 130 mg/L lithium
• Park Place has unique hydraulic connectivity between the Leduc and the Swan Hills Formations
• LithiumBank is currently In discussions with petro-operators to sample several wells
• Hydrogeology study underway with Matrix Solutions
• A study conducted by D.R. Eccles and H. Berhane entitled, “Geological Introduction to Lithium-Rich Formation Water with Emphasis on the Park Place Area of West-Central Alberta (NTS 83F and 83K),” highlights significant lithium potential in three different formations: the Nisku (Winterburn), Leduc (Woodbend) and Swan Hills (Beaverhill Lake Group).

Management Team

Rob Shewchuk - Chairman & CEO

Rob Shewchuk is an Alberta-based investor with 25 years experience in the capital markets including serving as chairman of Standard Securities Capital and as managing director of Wolverton Securities, acquired by PI Financial in 2016. Shewchuk currently serves on the board of directors of Graphene Manufacturing Group, Spectre Capital, Verses Technologies and is a partner and director at Caerus Capital.

Gianni Kovacevic - Lead Director

Gianni Kovacevic is the co-founder and director of LithiumBank and is an

investor in the energy and commodity sectors. A graduate of electrical studies from the British Columbia Institute of Technology, he is an expert in the analysis of the global energy matrix and the impact technology and renewable energy have on every aspect of society. Fluent in English, German, Italian and Croatian, Kovacevic lives in Vancouver.

Taylor MacDonald - Co-Founder, Advisor

Taylor MacDonald brings over 15 years of capital markets experience, having worked in Vancouver, London and New York on both the buying and selling sides. He is presently the founder and partner of Caerus Capital, founding member of the Silicon Valley

Blockchain Society (SVBS) and SVBS Canada. MacDonald is also a graduate of the Wharton School of Business at the University of Pennsylvania, a CFA charter holder and a director of STAND, a scholarship foundation for youth at risk.

Jon LaMothe - VP Exploration

Jon LaMothe holds a Bachelor of Science in geology and a master’s in geology, both from the University of Alberta. LaMothe's abilities have led to the discovery and capture of several fields with over C$2 billion spent to date on targets he has identified. He helped bring Black Swan Energy from no production to becoming a major private producer of oil and gas in Canada, eventually acquired by Tourmaline Oil for C$1.1 billion.

Kevin Piepgrass - COO

Kevin Piepgrass is a University of Alberta graduate and professional geologist, registered with the Engineers & Geoscientists of British Columbia. Piepgrass has over 15 years of experience managing the exploration and development of commodities including gold, silver, copper, lithium and rare earth elements. Piepgrass is a qualified person pursuant to National Instrument 43-101 Standards of Disclosure for mineral projects.

Paul Matysek - Director

A geologist and geochemist by training, Paul Matysek is also a successful alpha entrepreneur and creator of shareholder value with over 40 years of experience in the mining industry. Since 2004 serving as either CEO or executive chairman, Matysek has sold six publicly listed exploration and development companies, with an aggregate worth of over $2 billion. Most recently in the lithium space, he served as executive chairman of Lithium X, which was sold to Nextview New Energy Lion Hong Kong for C$265 million. Prior to that, Matysek was CEO of Lithium One, which merged with Galaxy Resources of Australia to create a multibillion-dollar integrated lithium company.

Corey Shewchuk - Marketing Manager

Corey Shewchuk is the co-founder of Hammell Road Innovation, a company dedicated to investment and contributions to burgeoning technologies. Shewchuk has a decade of experience in management and marketing across multiple industries.

Fehr & Associates - CFO/Controller

Fehr & Associates provides consulting services to a number of mineral exploration companies with more than 25 years of business experience with management, complex transactions, corporate finance, financial reporting, governance and regulatory compliance.

Christopher Murray - Director

Christopher Murray has been a partner at Osler Hoskin & Harcourt for over 25 years. He leads Osler’s Asia-Pacific initiative, having advised a number of Asia-based enterprises, principally on their investments in Canadian energy and mining businesses. Murray's practice focuses on mergers and investments for public corporations, private equity sponsors and pension funds. He has been fortunate to have been involved in a wide range of deal sizes with degrees of complexities. Murray contributed to Lexpert Deals of the Year and smaller, yet still business-critical, transactions for mid-cap and smaller public companies.

Murray also has a wealth of experience in capital markets having advised on over 100 public offerings and dozens of IPOs in his career. He advises a number of public reporting issuers and their boards as well as Canadian pension plans as their principal trusted legal adviser on governance. Murray is widely recognized both in Canada and internationally as a leading corporate lawyer by well regarded ranking organizations including, Lexpert, Best Lawyers and Chambers Global. Murray also practiced in Australia early in his career while on a two-year secondment from Osler. Murray has experience as a trustee of a public REIT that was acquired by another public REIT and as a director of not-for-profit and private entities.

Steven Piepgrass - Director

Steven Piepgrass is the vice president of construction and government relations with Green Impact Partners (GIP). He is responsible for the construction of all new energy projects and building and maintaining constructive, respectful and transparent relationships with all levels of government. Piepgrass joined GIP in August 2021 where he is currently leading the construction of two RNG projects in Colorado, supporting the development of other low carbon energy projects in Alberta and British Columbia.

Prior to joining GIP, Piepgrass was with ATCO Canadian Utilities where he worked for 18 years, most recently as the senior vice president & general manager, where he led ATCO’s Storage & Liquids business which included the development and execution of its Salt Caverns and Heartland Water Intake projects. Piepgrass holds a degree in chemical engineering and a Master’s of Business Administration from the University of Calgary. He is a member of the Association of Professional Engineers and Geoscientists of Alberta (APEGA) and an alumnus of the Governor General’s Canadian Leadership Conference.