Libertystream Infrastructure Partners — Capital/Financing Update 2023

Jul 21, 2023

UNDERTAKING

TO: The Executive Director of the Alberta Securities Commission FROM: Volt Lithium Corp. (the “ Company ”) RE: Final short form base shelf prospectus filed on July 20, 2023 (the “ Prospectus ”) relating to the issue and sale from time to time of common shares, debt securities, warrants, subscription receipts and units pursuant to the Prospectus

In connection with the filing by the Company of the Prospectus, the Company hereby undertakes:

1. to raise a minimum of $4,000,000 in gross proceeds (the “ Minimum Amount ”) pursuant to its first prospectus supplement to be filed under the Prospectus and to ensure such proceeds will be sufficient to satisfy its short term liquidity requirements and general & administrative expenses for the next 12 months, complete its preliminary economic assessment, and to complete its next business milestone, which if only the minimum amount is raised, would be the completion of its preliminary economic assessment and completion of the pilot project and field work to determine a location for commercial operations and applicable corresponding sampling and testing, provided that additional costs associated with the development of the Company’s technology will be delayed until further sufficient financing is secured; and

2. to withdraw the Prospectus if the Company is unable to raise the Minimum Amount within 90 days of the receipt for the Prospectus.

DATED as of July 20, 2023.

VOLT LITHIUM CORP.

• By: /s/ “ Morgan Tiernan ” Morgan Tiernan Chief Financial Officer