LithiumBank Resources Corp. — Capital/Financing Update 2022

Jun 3, 2022

LITHIUMBANK ANNOUNCES APPROVAL TO LIST WARRANTS ON THE TSX VENTURE EXCHANGE ON JUNE 8, 2022 UNDER THE SYMBOL “LBNK.WT”

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, BC. (June 3, 2022) – LithiumBank Resources Corp. (“ LithiumBank ” or the “ Company (TSXV: LBNK) is pleased to announce that the TSX Venture Exchange (the “ TSXV ”) has approved the listing of 2,282,994 common share purchase warrants (the “ Warrants ”) issued by the Company upon the automatic conversion of the 4,565,989 special warrants previously issued by the Company pursuant to a private placement that closed in two tranches on September 27, 2021, and October 15, 2021.

The Warrants will be posted for trading on the TSXV at market open on June 8, 2022 under the symbol “LBNK.WT”. Each Warrant entitles the holder thereof to acquire one common share of the Company at an exercise price of $2.00 per share until 5:00 p.m. (Vancouver time) on February 16, 2025. The Warrants are subject to the provisions of the warrant indenture dated May 27, 2022 between the Company and Odyssey Trust Company. A copy of the warrant indenture may be obtained under the Company's SEDAR profile at www.sedar.com.

The securities described in this news release have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the " U.S. Securities Act "), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About LithiumBank Resources Corp.

LithiumBank Resources Corp. is an exploration and development company focused on direct brine lithium resources in Western Canada.

Contact: Robert Shewchuk CEO & Director rob@lithiumbank.ca (778) 987-9767

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.

Forward Looking Statements

This press release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding

trading of the Warrants on the TSXV are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forwardlooking statements. Such forward-looking statements represent management's best judgment based on information currently available.