Lithium Ionic Announces 26% Increase in Global Mineral Resources with an Updated Mineral Resource Estimate at its Bandeira Project, Minas Gerais, Brazil

TORONTO, April 12, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”), is pleased to report an updated NI 43-101 compliant mineral resource estimate (“MRE”) for the Bandeira Lithium Project (“Bandeira” or the “Project”), located within the Lithium Valley in Minas Gerais State, Brazil. The Lithium Valley is a unique geological belt that hosts a significant concentration of lithium-bearing pegmatites, which has emerged as a globally significant lithium producer. This new MRE increases the Company’s global mineral resources by 26% to 60.1Mt.