Dajin Lithium Corp — Capital/Financing Update 2020

Jul 31, 2020

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Suite 450-789 West Pender Street Vancouver, BC V6C 1H2 www.dajin.ca

Telephone: (604) 681-6151 Fax: (604) 689-7654 Email: info@dajin.ca

NEWS RELEASE

STOCK OPTIONS GRANTED

July 31, 2020 - Vancouver, BC - Dajin Lithium Corp. (“Dajin”) (TSX-V: DJI ) (OTC: DJIFF ) (Germany: C2U1 ) announces that it has granted an aggregate of 1,000,000 incentive stock options under Dajin’s Stock Option Plan to certain directors and officers of Dajin with an exercise price of $0.05 per share, expiring on July 31, 2025. The stock option grant may be subject to the acceptance of the TSX Venture Exchange.

About Moselle:

Dajin has formed a Strategic Alliance with Moselle Technologies Inc. (“Moselle”) of Dallas, Texas to work together to pursue the exploration and extraction of Lithium from naturally occurring brines. Moselle has developed a patent pending low cost magnetic separation process for the extraction and recovery of up to 100% of Lithium from naturally occurring Lithium bearing brines. The Moselle technology utilizes a solution containing magnetic nanoparticles that replaces the need for traditional evaporation ponds and dramatically reduces both the capital and operating costs of a processing facility. It cuts processing time of brine solution to a matter of minutes, not months or years. Moselle’s nanoparticles have approximately one thousand times the specific surface area of traditional polymer beads. This results in very fast direct extraction and a decrease in the size and cost of equipment required for additional processing. (www.moselletechnologies.com)

The underlying technology was developed by Pacific Northwest National Laboratories, one of the large US National Laboratories supported by the United States Department of Energy. Moselle acquired the exclusive rights to the intellectual property and then funded research to develop a disruptive nanoparticle technology specifically for the extraction of Lithium.

About Dajin:

In Argentina, Dajin announced exceptional Lithium brine assay results from their exploration program on the Salinas Grandes salar in Jujuy province. (February 28, 2018) The brine samples were taken from a portion of their concessions covering an area of 1,359 acres (550 hectares) in the northwestern corner of the San Jose Navidad minas. Lithium values received from 25 assays ranged from 281 mg/litre to 1,353 mg/litre, averaging 591 mg/litre. Additional exploration of the concessions is expected to proceed later this year. ( click here to see geochemical map) Dajin has a 49% Joint Venture interest in 230,000 acres (93,000 hectares) in Jujuy province with Litica Resources S.A. an operating subsidiary of Pluspetrol Resources Corporation, a major international Argentinian oil and gas company.

In Nevada, Dajin holds a 100% interest in 403 placer claims covering 7,914 acres (3,202 hectares) in the Teels Marsh valley of Mineral County, Nevada. Dajin holds water rights in Teels Marsh and has received all of the necessary permits for drilling, with engineered access roads and two large drill pads constructed. These claims are known to contain Lithium and Boron values. Dajin continues to hold acreage in the Alkali Spring valley of Esmeralda County, Nevada, located 7.5 miles (12 kilometers) northeast of the only producing Lithium brine operation in the USA at Albemarle’s Silver Peak mine in Clayton Valley.

ON BEHALF OF DAJIN’S BOARD OF DIRECTORS

Brian Findlay President & CEO

For further information please contact Dajin at: 604-681-6151 or info@dajin.ca or www.dajin.ca

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.