Dajin Lithium Corp — Share Issue/Capital Change 2021

Aug 26, 2021

NEWS RELEASE

DAJIN LITHIUM CORP. ANNOUNCES CONSOLIDATION OF SHARES

Vancouver, BC – August 25, 2021 – Dajin Lithium Corp . (“ Dajin ”) (TSXV: DJI) (OTCQB: DJIFF) (FSE: C2U1) wishes to report that Dajin has received TSX Venture Exchange (the “ Exchange ”) approval for the consolidation of its outstanding common shares on the basis of one (1) postconsolidated common share for every ten (10) pre-consolidated common shares held (the “ Consolidation ”).

Effective at the opening of trading on August 27, 2021, the post-consolidated common shares of Dajin Lithium Corp. (DJI-V) will commence trading on the TSX Venture Exchange.

A letter of transmittal with respect to the Consolidation has been mailed to registered shareholders of the company. All registered shareholders with physical certificates will be required to send their respective certificates representing pre-consolidated common shares along with a completed letter of transmittal to the company’s transfer agent, Odyssey Trust Company (“ Odyssey ”), in accordance with the instructions provided in the letter of transmittal. All shareholders who submit a duly completed letter of transmittal along with their respective preconsolidated common share certificate(s) to Odyssey, will receive a post-consolidated share certificate.

Fractional post-consolidation common shares will not be issued to shareholders. Where the Consolidation would otherwise result in a shareholder being entitled to a fractional common share, the number of post-consolidation common shares issued to such shareholder shall be rounded up to the next greater whole number of common shares if the fractional entitlement is equal to or greater than 0.5 and shall be rounded down to the next lesser whole number of common shares if the fractional entitlement is less than 0.5. In calculating such fractional interests, all common shares held by a beneficial holder shall be aggregated.

About Dajin Lithium

Dajin Lithium Corp. is a Lithium exploration company with brine-based Lithium exploration projects located in Argentina and Nevada. Dajin has announced exceptional Lithium brine assay results from 25 shallow pits ranging from 281 mg/litre to 1,353 mg/litre, averaging 591 mg/litre on the Salinas Grandes salar in Jujuy province, Argentina (geochemical map). Dajin holds a 49% Joint Venture interest in 230,000 acres 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 mining claims covering 7,914 acres in the Teels Marsh valley of Mineral County, Nevada. Dajin has acquired the water rights in the Teels Marsh valley and has received all of the necessary permits for drilling, with engineered access roads and two large drill pads constructed. Dajin holds an earn-in agreement with Lone Mountain Resources LLC, an affiliate of Lilac Solutions, Inc., to earn a 75% interest in Dajin’s 100% owned Alkali Lake lithium project located 7 miles from Albemarle’s Silver Peak Lithium brine operation in Clayton Valley, Esmeralda County, Nevada.

Neither the TSX Venture Exchange, Inc. nor its Regulation Services Provider (as that term is defined in the polices of the TSX Venture Exchange) has in any way passed upon the merits of the Consolidation and associated transactions and neither of the foregoing entities accepts responsibility for the adequacy or accuracy of this news release or has in any way approved or disapproved of the contents of this news release.

For further information contact: Brian Findlay, President & CEO, Telephone: (604) 681-6151, Fax (604) 689-7654, Email: info@dajin.ca

Cautionary Statements

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. In this news release, forward-looking statements relate to, among other things, the Consolidation and the timing of the commencement of trading of the post-consolidated shares on the Exchange. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forwardlooking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, 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.