Lithium Ionic Provides Update

Lithium Ionic Corp. (TSXV: LTH,OTC:LTHCF; OTCQX: LTHCF; FSE: H3N) ("Lithium Ionic" or the "Company") is is aware of the Ontario Securities Commission's publication regarding a regulatory matter involving another reporting issuer and individuals who have, or have had, an association with the Company.

Lithium Ionic is not a respondent in this matter and no orders have been sought against Lithium Ionic. The allegations contained in the proceeding have not been proven.

The Board of Directors has established a Special Committee of independent directors to oversee the Company's communications and disclosure in respect of this matter.

About Lithium Ionic Corp.

Lithium Ionic is a Canadian lithium development company focused on responsibly advancing its 100%-owned Bandeira Lithium Project in Minas Gerais, Brazil, a region coined the "Lithium Valley" that is emerging as a world-class hard-rock lithium district. The Company is executing on a focused development strategy centered on engineering de-risking, permitting advancement, commercial planning, and construction readiness, with the goal of becoming a near-term producer of high-quality spodumene concentrate for global battery supply chains.

For further information: 

Lithium Ionic Corp. 

Blake Hylands
Chief Executive Officer, Director

+1 647.316.2500
info@lithiumionic.com