Atlantic Lithium Limited announce the award of the processing plant Front-End Engineering Design ("FEED") contract (the Contract) for the Ewoyaa Lithium Project (Ewoyaa or the Project) in Ghana, West Africa to Primero Group (Primero). Under the terms of the agreement, Primero will provide services to optimise the Project's flow sheet, identify long lead items, look to maximise the Project's long-term profitability, reduce execution risk and ultimately support the advancement of the Project towards becoming a financially and operationally robust lithium-producing mine. The value of the Contract is USD 980,000; the consideration of which is to be paid in accordance with the 3-stage earn-in agreement the Company has with Piedmont Lithium Inc. to fund the Project towards production.

Following the recent completion of the 47,000m resource and exploration drilling programme at the Project, the Company is currently working towards producing an updated Mineral Resource Estimate ("MRE") at the Project, intended to be announced in first quarter of 2023. The updated MRE will then be used to support a Definitive Feasibility Study, expected to be completed by mid-2023. The Company is also pleased to announce the appointment of Roux Terblanche as Project Manager, with immediate effect.

Roux has over 25 years' experience across domestic and international mining sectors, including in the lithium sector and in West Africa. Roux was part of the team that delivered the Pre-Feasbility Study for the Project and his experience and expertise, not only from Ewoyaa but other projects in Ghana and around the world, will be key to the Company's success in building Ghana's first lithium-producing mine on time and within budget.