Beyond Lithium Inc. announced that it has entered into a mineral property purchase agreement with Patriot Lithium Limited pursuant to which the Company will transfer to Patriot an undivided 100% interest in the 61 mining claims comprising the Company's Borland East and Borland North projects located approximately 60 km northwest of Frontier Lithium's PAK project in Northwest Ontario. As consideration for the Borland Claims, Patriot will issue to Beyond Lithium on closing, 1,100,000 fully paid ordinary shares in the capital of Patriot, subject to certain contractual escrow requirements (the Purchase Price Shares). Additionally, Patriot shall pay Beyond Lithium a cash payment of CAD 2,500,000 for an initial mineral resource estimate filed or announced by Patriot declaring any JORC, NI 43-101, or SK-1300 compliant, as applicable, deposits or orebodies contained exclusively in any part of the Borland Claims exceeding 20 million metric tonnes of contained Li2O with an average grade equal to 1.0% Li2O or greater.

Completion of the transactions contemplated by the Purchase Agreement remains subject to certain conditions, including: completion of customary due diligence investigations to the satisfaction of Patriot; Patriot obtaining all necessary consents and approvals to issue the Purchase Price Shares; no material adverse change occurring with respect to Patriot; the Purchase Agreement not having been terminated; and standard closing conditions for transactions of this nature.