Lithium Ionic Drills 1.31% Li2O over 24.0m, incl. 1.67% Li2O over 10.0m; and 2.12% Li2O Over 7.2m at Bandeira, Minas Gerais, Brazil

TORONTO, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) is pleased to report new assay results for 16 drill holes from its Feasibility-stage Bandeira Lithium Project (“Bandeira”), situated in northern Minas Gerais State, Brazil, in a world-class hard rock lithium district known as the “Lithium Valley”, where two lithium producers currently operate (see location map and drill highlights in Figure 1). These results were completed as part of the 50,000-metre drill program completed in H2 2023 at its Itinga and Salinas group of properties. Drilling is ongoing at Bandeira, as well as other high priority regional targets as part of an expanded ~50,000-metre drill program planned for 2024.