VANCOUVER, BC, August 1, 2024 – LiTHOS Group Ltd. (“LiTHOS” or the “Company”) (CBOE CA: LITS), a leader in innovative lithium extraction technologies, filed its Fiscal Year-End (FYE) audited financial statements on July 29 th, 2024. For the full report, please click here. The Company wishes to highlight the following:

Investment in Growth Initiatives:
LiTHOS continues to invest in its growth initiatives, with notable expenditures in business development, corporate development, and AcQUA™ technology. These investments are essential for driving future growth and value creation for our shareholders.

Revenue Growth Potential:
The acquisition of AcQUA™ patent-pending electro-pressure membrane process for lithium chloride recovery. This acquisition significantly enhanced LiTHOS’ technical capabilities and enabled the Company to secure multiple paid pilot brine processing projects with top-tier lithium producers.

Financial Highlights:

• Increased Financing Activities to Invest in AcQUA™ Commercialization: LiTHOS management raised $3.5 million in cash cumulative through financing activities, up substantially from $956,824 in FY 2023.
• Strengthened Balance Sheet – LiTHOS increased investment to $857,068 in Tangible Assets in the AcQUA™ facility. This demonstrates the company’s commitment to prudent investment of working capital and strengthening its balance sheet to uplist in the US equity markets.
• Positive Grant Income: LiTHOS recognized $783,568 in grant income from highly competitive Federal US Department of Energy and Colorado State grants. This non-dilutive source of cash contributed to the company’s improved cash flow and enabled further investment in cutting-edge AcQUA lithium extraction technology.
• Increased Cash Position: As of April 30, 2024, the company reported a cash balance of $691,178, a healthy increase from $577,669 at the end of the previous fiscal year. This solid cash position provides a strong foundation for ongoing and future projects.

Scott Taylor, CEO of LiTHOS, stated, “We are thrilled with the progress we have made in reducing our debt, securing financing, and making strategic acquisitions. These steps are crucial as we advance our innovative lithium extraction technologies and position LiTHOS for long-term success. Our acquisition of Aqueous Resources LLC and the recognition of significant grant income are pivotal milestones that will propel our growth strategy forward.”

Financial Summary:

• Total Assets: Increased to $26.2 million as of April 30, 2024, from $17.2 million as of April 30, 2023, showcasing our robust asset base.
• Shareholders’ Equity: Increased to $23.3 million from $16.8 million over the same period, reflecting the value created for our shareholders.
• Net Loss: Reported a net loss of $7.3 million for the fiscal year ended April 30, 2024, compared to a net loss of $2.0 million for the previous year. The loss underscores our commitment to investing in future growth through business, corporate and technology development.

About LiTHOS

Lithos Group Ltd. is a mining technology company focused on selective extraction of aqueous minerals. The Company’s AcQUA™ technology allows lithium to be extracted from continental brine reservoirs without the need for additional freshwater or any added chemicals or reagents. Lithium is now among the world’s most in-demand metals as the world “electrifies” to reduce CO₂ emissions, led by continuing growth in EV sales and the installation of hundreds of gigawatts of intermittent solar power generation capacity requiring partial battery storage solutions.

The Company’s mission is to produce sustainable lithium without evaporation ponds. AcQUA™ is LiTHOS’s patent-pending technology that spans the complete value chain from the conditioning and pre-treatment of raw brines through the DLE phase into the polishing and purification of battery-grade lithium feedstock. LiTHOS has two processing facilities: a 4,000 sq ft lab in Denver, CO, and a 55,000 sq ft complex in Bessemer, AL.

LiTHOS is working with multiple strategic mineral resource owners, including brines from the largest Salars in Chile and Argentina and the Smackover reservoir in the Southeastern United States. Our wholly-owned subsidiary, Aqueous Resources LLC, is a US Department of Energy grant awardee and a Colorado Advanced Industries grant awardee.

For more information, please get in touch with LiTHOS Investor Relations at 1-877-LITHOS1 / 1-877-548-4671 or via email at info@lithostechnology.com.

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ON BEHALF OF THE BOARD

Scott Taylor ‐ CEO

For further information, please contact:

LiTHOS Investor Relations Contact:
1-877-LITHOS1 / 1-877-548-4671
info@lithostechnology.com

Forward-Looking Statements:

This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. All statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the requisite approvals for the completion of the Transaction may not be obtained, including that of the Cboe Canada, if necessary; that the Company or 1423908, as applicable, may be unable to satisfy any or all closing conditions necessary for the completion of the Transaction; that the Company and 1423908 will enter into the Definitive Agreement and close the Transaction by the proposed dates or at all; and other risks that are customary to transactions of this nature. Other factors may also adversely affect the future results or performance of the Company, including general economic, market or business conditions, future prices of minerals, changes in the financial markets and in the demand for minerals, changes in laws, regulations and policies affecting the mineral exploration industry, as well as the risks and uncertainties which are more fully described in the Company’s annual and quarterly management’s discussion and analysis and in other filings made by the Company with Canadian securities regulatory authorities under the Company’s SEDAR+ profile. The ongoing labour shortages, inflationary pressures, rising interest rates, the global financial climate and the conflicts in both Ukraine and Palestine and surrounding regions are some additional factors that are affecting current economic conditions and increasing economic uncertainty, which may impact the Company’s operating performance, financial position, and future prospects. Collectively, the potential impacts of this economic environment pose risks that are currently indescribable and immeasurable. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The Company does not undertake any obligation to update such forward‐looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.