LEXI Announces Thomas Lefebvre as New Board Member, Strengthening Financial Leadership

Toronto, Ontario--(Newsfile Corp. - April 19, 2023) - Lithium Energi Exploration Inc. (TSXV: LEXI) is excited to announce that Thomas Lefebvre, a highly experienced infrastructure professional, has joined the board as its fifth member.

Lefebvre was a partner and founding member of I Squared Capital, an independent global infrastructure investment manager, where he was responsible for the acquisition, development and transformational strategies of platforms and companies across the Americas spanning the power and utilities, oil and gas, energy transition, transportation and logistics, and telecommunications sectors. He has been an active director on numerous boards-private and public-throughout his career, in the US, Canada and Latin America.

The appointment of Thomas Lefebvre to the board was driven by his extensive financial experience with strong expertise in power, batteries, and electric vehicle charging infrastructure. His enthusiasm for the lithium industry and the ongoing race among battery manufacturers and companies that rely on batteries to secure lithium supplies aligns with the company's mission and vision.

Additionally, Lefebvre's professional background in operating in Latin America makes him a valuable asset to the company, as he brings firsthand knowledge of the geopolitical aspects surrounding lithium reserves in the Southern Cone. His expertise will help the company navigate the complex dynamics in these key regions.

Furthermore, his extensive focus on and expertise in Environmental, Health, Safety, Social, and Governance (EHSSG) matters will contribute to the company's overall success and positive impact on the industry. With Lefebvre joining the team, the company is poised for success as they work together on the exciting challenges and opportunities in the lithium industry.

Ali Rahman, CEO of LEXI, expressed enthusiasm for the appointment, stating, "We are thrilled to have Thomas join our board. His technical knowledge, financial expertise and relationships across the financial industry will be a major asset to LEXI as we continue to grow. We look forward to working together and leveraging his experience to help shape the future of our company."

Thomas Lefebvre also shared his excitement about joining the LEXI board, saying, "I am honored to be joining the LEXI board and working with such a talented and dedicated team. I'm excited about the opportunities ahead and am eager to help drive the company's growth and success."

LEXI is well-positioned to address the key challenges and opportunities facing the lithium exploration industry, including environmental concerns, political risks, technical challenges, and a competitive environment. With the growing demand for lithium-ion batteries in electric vehicles and renewable energy storage, LEXI aims to capitalize on the ever-growing demand for lithium while preparing for any potential market shifts. The company is committed to assembling a dynamic and experienced board to help navigate the challenges and opportunities that lie ahead. As the company continues to evolve and expand, the board is focused on ensuring a strong and diverse leadership team to guide LEXI into the future.

About Lithium Energi Exploration, Inc.
Lithium Energi Exploration, Inc. is an exploration company focused on the acquisition, exploration, and development of lithium brine assets in Argentina. Headquartered in Toronto, Ontario, with offices in Catamarca, Argentina, the Company's shares are listed on the TSX Venture Exchange (TSXV: LEXI) and the Frankfurt Exchange (FSE: L09). LEXI's portfolio of prospective lithium brine concessions in the Argentina Province of Catamarca (heart of the lithium triangle) includes approximately 57,000 hectares and a 20% interest in Triangle Lithium Argentina, S.A., which owns an additional 15,000 hectares - all located in and around the Antofalla Salar, one of the largest basins in the region, which is over 130 km long and up to 20 km across. LEXI is committed to innovation, sustainability, and quality, striving to differentiate itself from other players in the industry to maximize its potential for success. For more information, please visit our website at lithiumenergi.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Chris Hobbs"

________________________
Chris Hobbs,
Chief Financial Officer and Director

For more information, please contact:
Ian Murphy
Media Relations
Press@lithiumenergi.com
(310) 689-6397

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.

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the results of preliminary testing proving accurate and repeatable over time and at commercial scale; the absence of material changes with respect to the Company and its businesses; possible variations in mineralization, grade or recovery rates; actual results of exploration activities; conclusions of future economic evaluations; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties; failure to of the parties to the Transactions to comply with the terms and conditions of the definitive agreements relating to the Transactions; and the use of proceeds. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure its shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended.

Readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, the Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

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