Li3 Lithium Corp. announced that it is shifting its focus to copper going forward and, more specifically, to its 100%-owned, 485 hectare Northern Lights Copper Project (the "Project"). The Project is located 25 km from Yerrington, Nevada and is in close proximity to Nevada Copper Corporation's producing Pumpkin Hollow copper mine which has in excess of 6.5 billion lbs of copper equivalent resource.

Sampling undertaken by the Company confirms that Northern Lights has ore-grade copper (1% to 19% Cu) over widths up to 4 meters at the surface. Review of historic reports dating back to the 1910 to 1920 era suggests that copper mineralization grading 3% to 12% Cu at an average width of 1 to 2 meters (2 to 6 feet) extends to a depth of 100 meters (325 feet). Underground workings are not accessible, and these grades cannot be confirmed without drilling.

Results from the Company's data compilation, geologic mapping, surface rock geochemistry, and the magnetic survey confirm that additional exploration at Northern Lights is justified. The Company intends to commence a two phase exploration program as recommended in the Northern Lights Copper Project 43-101 Report dated 31 December 2021. Phase 1 will include a ground-based EM (electromagnetic) survey to define high-grade copper mineralization coincident with the magnetic anomalies previously identified.

Results from the EM survey, magnetic survey, geologic mapping, and surface copper geochemisty will be used to further refine drill targets. Phase 2 will consist of reverse circulation drilling to confirm copper mineralization indicated by the four data sets described above. reverse circulation drilling will also confirm the width and grade of copper mineralization projected at depth below the historic workings on the Northern Lights' fault.

As the Company lacks sufficient funds and management resources to simultaneously undertake work on both its 50%-owned Zimbabwe Mutare Lithium Project and its 100%-owned Nevada Northern Lights Copper Project, it has made the difficult decision to disengage from the Mutare Lithium Project. Accordingly, the Company has disposed of its 50% interest in the Mutare Lithium Project for nominal consideration. This will relieve the Company of further funding obligations for the Zimbabwe project and allow it to focus its resources exclusively on its 100%-owned Nevada copper project going forward.

Li3 Lithium's 100%-owned Northern Lights Copper Project is located in the central portion of Nevada's well known Walker Lane Trend about 25 kilometers (15 air miles) southeast of Yerington, Nevada. The property consists of 58 lode mining claims covering 1200 acres (485 hectares) and is in close proximity to Nevada Copper Corporation's producing Pumpkin Hollow copper mine which has total resources in excess of 6.5 million lbs of copper equivalent. There are also several active copper exploration projects underway in close proximity to the property.

Mineralization observed on the property consists of: 1) massive magnetite, goethite, hematite, chalcopyrite replacement zones in the Triassic limestone and siltstone; 2) smaller, fracture- controlled zones of magnetite, goethite, hematite with copper oxide; and 3) disseminated pyrite, chalcopyrite, and copper oxides in sedimentary rocks as well as altered dacite porphyry. Visible copper oxide mineralization occurs in a northwest-trending zone approximately 1,500 meters long and 100 meters wide (5,000ft x 330ft). This replacement-skarn style of mineralization (deposit type) is similar to the nearby copper deposit at Pumpkin Hollow, currently in production by Nevada Copper Corporation.

Detailed geologic mapping by the Company and surface rock geochemical results confirm that Northern Lights has ore-grade copper (1% to 19% Cu) over widths up to 4 meters at the surface. Review of historic reports dating back to the 1910 to 1920 era suggests that copper mineralization grading 3% to 12% Cu at an average width of 1 to 2 meters (2 to 6 feet) extends to a depth of 100 meters (325 feet). Underground workings are not accessible, and these grades cannot be confirmed without drilling.

The objective of the Company is to confirm the deposit model with additional surface exploration work following by drilling to define a mineable high-grade copper deposit. The project is currently in the early exploration phase but planned drilling will confirm the grade, thickness and downdip extent of the mineralization confirmed at the surface.