Alpha Lithium Corporation reported that construction of the Company's 120 tonne per annum ("tpa") pilot plant is nearing completion and is expected to commence test production of high-quality lithium carbonate ("Li2CO3") in Second Quarter/Third quarter of 2023. The pilot plant has the potential to utilize brine from both the 27,500-hectare Tolillar Salar and the Company's 5,000-hectare asset in nearby Salar del Hombre Muerto. Construction on the modular pilot plant is more than 50% complete.

The on-site module of the plant will initially house the Direct Lithium Extraction ("DLE") section and the second module will house industry standard lithium processing equipment: carbonation, ion exchange, filters and dryers, and will be located in the city of Salta. The second module will continue to operate in Salta until the process and systems have been fully calibrated, after which, the module will be moved onsite to operate at altitude on the salar. The objective of the pilot plant is to demonstrate that Alpha's promising laboratory DLE results can be repeated and maintained under industrial pilot conditions.

The pilot plant will also provide the Company with important data upon which to base the technical and economic assumptions for use in economic analyses.usenco Limited ("Ausenco") has been engaged to assess the economic assumptions and viability of Alpha's proposed 50,000 tpa commercial plant. The pilot plant has been designed with complete flexibility to assess the effectiveness of variable operating parameters and conditions, such as flow rates, pressures, temperatures, and chemical additives. This flexibility within the plant will allow operators to inform and refine the design of the Company's planned 50,000 tonnes/year ("tpa") lithium carbonate plant.

Of the approximately twenty active lithium projects in Argentina, Tolillar Salar enjoys the unique position as the only salar with a single owner. Alpha is in an extremely rare position with Tolillar Salar, which creates shareholder value in multiple respects. All operations and assets of the Company are in Argentina and are fully managed by Alpha Lithium Argentina SA (“Alpha SA”) utilizing local employees and consultants.

Neither Alpha, nor Alpha SA, have any operations or assets in Canada. Since initiating the first steps of an exploration program in 2020, Alpha SA has drilled more than 20 wellbores in Tolillar Salar, constructed an in-house brine chemistry research laboratory, developed a proprietary Lithium Carbonate production process, started construction of a pilot plant, and employed dozens of highly skilled Argentinian technologists, engineers, geologists, geophysicists and chemists, in addition to several students, accounting, managerial and HR professionals. The Company is grateful for, and reliant upon, the significantly large Argentinian team that has proven instrumental at generating value for shareholders.