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Lithium Energi Exploration Inc. Capital/Financing Update 2021

Oct 27, 2021

46886_rns_2021-10-27_846aa584-7f29-40fe-b04c-d1c4783833f7.pdf

Capital/Financing Update

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Lithium Energi Grants Stock Options

October 27, 2021 – Toronto, Ontario – Lithium Energi Exploration Inc. (TSX Venture: LEXI) (“LEXI” or the “Company”) announces it is granting 1,300,000 incentive stock options to certain officers, directors, consultants, and employees of the Company to purchase up to a total of 1,300,000 common shares of the Company at a price of $0.175 per common share for a period of five years.

The stock options are subject to the terms of the Company's stock option plan and regulatory approval.

For more information about Lithium Energi Exploration Inc., please visit the Company’s filings at www.SEDAR.com.

Lithium Energi Exploration, Inc.

Tel: 416 276-6689 Fax: 888 909-1033 Email: [email protected] www.lithiumenergi.com

ON BEHALF OF THE BOARD OF DIRECTORS

“Chris Hobbs” Chris Hobbs Chief Financial Officer and Director

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.

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