Alpha Lithium Corporation reported substantial increases to both indicated and inferred categories of lithium carbonate ("Li2CO3") equivalent ("LCE") resources in the Tolillar Salar in Salta, Argentina. The updated resource estimate includes 3,626,000 tonnes of indicated and 1,393,000 tonnes of inferred LCE. Alpha's latest drilling campaign resulted in a 70% increase to the "indicated resource" category and a 20% increase to the "inferred resource" category.

The updated resource estimate is still considered preliminary, as it was prepared primarily to assist multiple parties that have entered into standard Non-Disclosure Agreements as part of the sale of the Company's Tolillar asset (the "Sale Process") and/or the Company's consideration of a potential corporate-level transaction (collectively the "Strategic Review"). In the interest of time and the dissemination of meaningful information, and resulting from an externally imposed timeline, Alpha has published this resource estimate while two drilling rigs are still active in Tolillar (others were moved to drill Alpha's nearby Hombre Muerto assets) and only 37%, or 10,200 of the 27,500-hectare site, has been explored. The reader is cautioned that mineral resources are not mineral reserves and do not have demonstrated economic viability.

The resource estimate also includes 13,237,000 tonnes of potassium equivalent ("KCl") in the indicated, and a further 5,320,000 tonnes of KCI in the inferred, category. The current values are subsequent to the Company's maiden resource estimate, published in September 2022. Groundwater Insight Inc. ("GWI"), provided the detailed technical oversight of the resource estimate.GWI has suggested that deeper exploration drilling should enable upward conversion of indicated and inferred resources.