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Lithium Ionic Corp. Regulatory Filings 2023

May 16, 2023

48021_rns_2023-05-16_147c3e85-5fa8-4d8f-aaf2-2eef724f1e19.pdf

Regulatory Filings

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FORM 51-102F3

MATERIAL CHANGE REPORT

Item 1 Name and Address of Company

Lithium Ionic Corp. 36 Lombard Street Floor 4 Toronto, ON M5C 2X3

Item 2 Date of Material Change

May 16, 2023

Item 3 News Releases

A news release was issued by Lithium Ionic Corp. (“ Lithium Ionic ” or the “ Company ”) on May 16, 2023, in respect of the material change and was disseminated through the facilities of GlobeNewswire and filed on SEDAR.

Item 4 Summary of Material Changes

The Company has appointed Deloitte LLP as the Company’s new auditor, replacing McGovern Hurley LLP (the “ Former Auditor ”).

Item 5 Full Description of Material Changes

The Company has appointed Deloitte LLP as the Company’s new auditor, replacing McGovern Hurley LLP.

There were no reservations in the Former Auditor's audit reports for any financial period during which the Former Auditor was the Company's auditor. There are no "reportable events" (as the term is defined in National Instrument 51-102 - Continuous Disclosure Obligations ) between the Company and the Former Auditor.

Item 6 Reliance on subsection 7.1(2) of National Instrument 51-102

Not applicable.

Item 7 Omitted Information

Not applicable.

Item 8 Executive Officer

Blake Hylands CEO Email: [email protected]

Item 9 Date of Report

May 16, 2023