2555663 Ontario Limited ("Li-Metal") entered into a non-binding letter of intent to acquire Eurotin Inc. (TSXV:LIM.H) in a reverse merger transaction on March 23, 2021. Li-Metal entered into an amalgamation agreement to acquire Eurotin Inc. in a reverse merger transaction on July 13, 2021. Li-Metal intends to complete private placement financing to raise aggregate gross proceeds of a minimum of $6 million. Li-Metal intends to complete the Financings, which will includes a private placement of $3 million senior secured convertible debentures and a private placement of $3 million of securities of Li-Metal. Eurotin also intends to complete a debt conversion of approximately $1.5 million (CAD 1.85 million) of outstanding debt or debt expected to be owed to certain insiders and service providers and consolidation of its outstanding common shares. After the transaction, Eurotin will change its name to Li-Metal Corp.

In connection with the proposed transaction, Eurotin will reconstitute its board of directors. Maciej Jastrzebski will be the President and Carlos Pinglo will be the Chief Financial Officer and Secretary. Mark Wellings, Tim Johnston, Maciej Jastrzebski, Anthony Tse and Ernie Ortiz will be the Directors of Eurotin Inc. Eurotin will apply to list its common shares on the CSE and, if and upon the satisfaction of the CSE's initial listing requirements, the common shares of the Resulting Issuer are expected to begin trading on the CSE following the closing of the proposed transaction. The parties expect to enter into a definitive agreement in respect of the proposed transaction on or before April 30, 2021, such agreement is expected to contain a number of conditions including, but not limited to, approvals of shareholders of Eurotin and Li-Metals, completion of satisfactory due diligence, regulatory and third party approvals, approval of Board of Directors of Eurotin, completion of Li-Metal private placement for gross proceeds of up to $7.5 million. completion of the Eurotin Consolidation and Eurotin Debt Conversion, the board of directors of the Resulting Issuer shall be elected as part of the Eurotin Meeting Matters, and may consist of up to 10 directors with all board members being nominated by Li-Metal, delisting from the TSX Venture Exchange and listing approval of the Canadian Securities Exchange, Eurotin having no cash and no more than $50,000 in debts or liabilities, and other closing conditions customary to transactions of the nature of the proposed transaction. The completion of the transaction, Eurotin Debt Settlement and Consolidation will occur following de-listing from the TSXV. Euacrotin has called an annual general and special meeting of its shareholders to be held on May 26, 2021 at which its shareholders will be asked to approve the following and other matters: the reconstitution of Eurotin's board of directors, the Name Change, the Consolidation, the Eurotin Debt Settlement, and the de-listing from TSXV De-listing from the TSXV will require majority of the minority approval by the Eurotin shareholders. As of May 27, 2021, Eurotin encourage shareholders to vote at June 3, 2021 shareholder meeting. In the coming weeks, Eurotin and Li-Metal intend to execute a definitive amalgamation agreement of proposed transaction. Paul Pathak of Chitiz Pathak LLP acted as the legal advisor to Eurotin Inc. and Maciej Jastrzebski, Gesta Abols and Elyse Velagic of Fasken Martineau DuMoulin LLP acted as the legal advisor to Li-Metal.