Lithium Ionic Signs Agreement to Acquire Remaining 15% of Salinas Properties, Minas Gerais, Brazil

TORONTO, May 30, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) reports that its wholly owned subsidiary, Neolit Minerals Participações Ltda (“Neolit”), has entered into a binding agreement (the “Agreement”) to acquire the remaining 15% of select Salinas properties (“Salinas” or the “Project”), located within the Curralinho Pegmatite Field of the lithium-rich Araçuaí Pegmatite District, in Minas Gerais, Brazil (the “Transaction”). Upon closing of the Agreement, Lithium Ionic will own 100% of all the Salinas group of properties (See Figure 1).