E3 Lithium Reports Year-End 2023 Financial Results

E3 LITHIUM LTD. (TSXV: ETL) (FSE: OW3) (OTCQX: EEMMF), “E3 Lithium” or the “Company”, a leader in Canadian lithium, today reported its consolidated financial statements for the fiscal year ended December 31, 2023 and related dates Management’s Discussion and Analysis (“MD&A”) reports on its SEDAR+ profile at www.sedarplus.ca. The financial reports and MD&A will also be available on E3 Lithium’s website at www.e3lithium.ca.

ON BEHALF OF THE BOARD OF DIRECTORS
Chris Doornbos, President and CEO
E3 Lithium Ltd.

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About E3 Lithium

E3 Lithium is a development company with a total of 16.0 million tonnes of measured and indicated lithium carbonate equivalent (LCE) and 0.9 million tonnes of LCE inferred mineral resources¹ in Alberta. As outlined in E3’s Preliminary Economic Assessment, the Clearwater Lithium Project has an 8% NPV of $1.1 billion with a pre-tax IRR of 32% and $820 million with an after-tax IRR of 27%¹. E3 Lithium’s goal is to produce high-purity, battery-grade lithium products to power the growing electric revolution. With a significant lithium resource and innovative technology solutions, E3 Lithium has the potential to bring lithium to market from one of the best jurisdictions in the world.

1: The NI 43-101 Technical Report for the Clearwater Lithium Project was amended on September 17, 2021. Gordon MacMillan, P.Geol, QP, Fluid Domains Inc. and Grahame Binks, MAusIMM, QP (Metallurgy) , formerly Sedgman Canada Limited (Reporting date: June 15, 2018, Effective date: June 4, 2018, Revision date: September 17 2021). The NI 43-101 Technical Resource Report for the North Rocky Property dated October 27, 2017 identified 0.9 million t LCE (inferred). The NI 43-101 Technical Resource Report for the Bashaw District Project, effective March 21, 2023, identified 16.0 million tonnes of LCE (measured and indicated). All reports are available on the E3 Lithium website (e3lithium.ca/technical-reports) and SEDA+ (www.sedarplus.ca).

Forward-Looking and Cautionary Statements

This press release contains certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are often identified by words such as “may,” “will,” “plan,” “expect,” “anticipate,” “estimate,” “intend” and similar words that relate to future events and results. Forward-looking statements are based on management’s current beliefs and expectations. All forward-looking information is inherently uncertain and is subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of new lithium extraction technologies that have not yet been tested or on a commercial scale or on the Company’s premises, competitive risks and the availability of financing as more fully described in our most recent securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against undue reliance on them. We undertake no obligation to revise or update these forward-looking statements, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.