Edison Lithium Corp. announced that it has entered into an asset purchase agreement (the "Agreement") with Globex Mining Enterprises Inc. ("Globex") dated the 8th day of April, 2024, pursuant to which the Company shall acquire from Globex the rights to alkali disposition A-4593 located in Whiteshore Lake in the Province of Saskatchewan (the "Alkali Disposition"). Edison's recent acquisitions of sodium brine claims is driven by interest in Sodium-Ion battery formulations.

This Alkali Disposition adds to the growing portfolio of alkali dispositions held by Edison. As previously disclosed, the Company acquired certain alkali dispositions located in Ceylon Lake, Free fight Lake and the north and south areas of Cabri Lake, in the Province of Saskatchewan in 2023. For the locations of Edison's alkali dispositions, including the Alkali Disposition.

Under the terms of the Agreement, Globex shall transfer all of its right, title and interest in the Alkali Disposition to Edison in exchange for (a) a cash payment of $200,000 payable to Globex by the Company; (b) the issuance of such number of common shares in the capital of Edison (the "Consideration Shares") having an aggregate value of $50,000 based on the five day volume weighted average closing price per Consideration Share of the Company's shares on the TSX Venture Exchange preceding the date hereof, in favour of Globex; and (c) payment to Globex of a royalty of 2% of gross revenue from Commercial Production (as such term is defined in the Agreement) of mineral products by Edison. The Consideration Shares to be issued in connection with the Agreement shall be subject to a statutory hold period of four months from the date of issuance.