Q4 FY25 Quarterly Activities Report & Appendix 4C

As announced on September 17, 2024, the importance of the company in the Avalonia project was subsequently sold to GFL International Co., Limited (“GFL”), a subsidiary of Ganfeng Lithium Group Co., Ltd. (“Ganfeng”), for a consideration of CAD $ 2.2 million plus a 2% net smiling royal royal. The company reports that it has now sold its shareholding in Zwart -Lithium to GFL for an extra CAD $ 0.3 million. The last CAD $ 1.0 million of the CAD $ 2.2 million Avalonia project is due by GFL in October 2025.

John Wisbey, chairman and CEO of ILC, noted:

“We are delighted to have completed the sale of our interest in the Avalonia project to GFL to GFL who was our partner in Ireland. This rejection enables us to concentrate on our full or majority control projects in Canada and that we continue with identified opportunities in South Africa.

About International Lithium Corp.

International Lithium Corp. Has exploration activities in Ontario, Canada, with intentions to expand to South Africa. It has projects in different phases, ranging from provisional economic assessment to Raleigh Lake to pre -drilling in Wolf Ridge. The primary purpose metals in Canada are lithium, rubidium and copper. There are three projects (two in Ontario and now one in Ireland) in which ILC has sold its share, but where we receive future payments from a resource -mijlpaal that is achieved or from a net smelter royalty.

Although the politicians of the world are currently divided over the future of the historical dependence on the energy market of oil and gas and “net zero”, there seems to be a clear and unstoppable momentum for electric vehicles, solar energy and storage of electric batteries, all of which contribute to the rising demand for lithium. Rubidium is increasingly seen as a valuable critical metal that is strategic for highly hurry clocks and for space technology. The buyer has a lot of historical use, but the demand is expected to be greatly higher because more data centers are required for AI. We have seen the clear and more urgent wishes of the US, Canada and other important economies to protect their stocks of critical metals and to become self -sufficient. Our Canadian projects that contain lithium, rubidium and copper are strategic in that respect.

Our most important mission for the following decade is generating income for our shareholders of lithium and other battery metals, as well as rare metals, while also contributing to creating a greener, cleaner planet and less polluted cities.

This includes optimizing the value of our existing projects in Canada, as well as finding, researching and developing projects that have the potential to become a world -class deposits. We have announced separately that we consider South Africa as an important strategic target market for ILC and that we have requested and hope to receive epos in Zimbabwe. We hope to make further announcements about the portfolio developments in the coming weeks and months.

The interests of the company in various projects now consist of the following, and moreover the company continues to look for other opportunities:

The primary strategic focus of the company is on this point on the Raleigh Lake project, consisting of lithium and rubidium, and the Firesteel Copper project in Canada, and obtaining epos and mineral claims in Zimbabwe.

The Raleigh Lake project now includes 32,900 hectares (329 square kilometers) mineral claims in Ontario and represents the most important project of ILC in Canada. To date, drilling has taken place on less than 1,000 hectares of our claims. A provisional economic assessment was published for ILC’s Lithium in Raleigh Lake in December 2023, with a detailed economic analysis of the individual Rubidium source of ILC in treatment. Raleigh Lake is 100% owned by ILC, free from any costs and royalties. The Raleigh Lake project has excellent access to roads, railway and utilities.

A constant goal was to remain a well -financed company to change our ambitions. After the removal of the Mariana project in Argentina in 2021, the Mavis Lake Project in Canada in 2022, and now the Avalonia project, ILC continues to reach sufficient inward cash flow to make progress with its exploration projects.

With the increasing demand for high -tech rechargeable batteries used in electric vehicles, electrical storage and portable electronics, Lithium is “the new oil” designated and is an important part of a green energy, sustainable economy. By positioning themselves with projects with a considerable resource potential and solid strategic partners, ILC wants to be one of the preferred lithium and rare metal resource developers for investors and the shareholders for the rest of the 2020s, the decade of battery metals, continue to build up.

On behalf of the company,

John Wisbey
Chairman and CEO
www.internationallithium.ca

Neither TSX Venture Exchange nor its regulation services provider (because that term is defined in the policy of the TSX Venture Exchange) accepts the responsibility for the adequacy or accuracy of this release.

Warning statement with regard to future -oriented information

In addition to statements of a historical fact, this press release or other releases contain certain “future -oriented information” within the meaning of the applicable securities legislation. Future-oriented information or future-oriented statements in these or other news messages may include: the timing of completing an offer and the amount to be brightened, the time at which the company receives the remaining consideration by paying ganfeng for the Avalonia project, the effect of the results of the anticonated production estimates, the Timing or or anticipated-ionic-ionic ones expectation of the estimates of the Avalonia, the expectation of the expected production projects. Preliminary Economic Assessments, Feasility Studies, Lithium or Rubidium or Copper Recoveries, Modeling of Capital and Operating Costs, Results of Studies Utilizing Various Technologies at the Company’s Projects, The Company’s Budgeted Expenditures, Future Plans For Ice Persion For Ice Persion For Ice For Ice For Ice For Ice. Increased Value of Shareholder Investments in the Company, the Potential from the Company’s Third -out or Royalty Arrangements, The Future Demand for Lithium, Rubidium and Buyer, and assumptions about ethical behavior by our Joint Venture -partners of external exploitants of external exploiters. Such future -oriented information is based on assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled “Risks” and “Future -oriented statements” in the interim and annual management discussion and analysis that are available at www.sedar.com. Although management is of the opinion that the assumptions are reasonable, there can be no certainty that future -oriented statements will be accurate. If one or more of the risks, uncertainties or other factors occur, or underlying assumptions are incorrect, the actual results may differ substantially from those described in future -oriented information. Forward information in this, and all subsequent written and oral future -oriented information are based on expectations, estimates and opinions of management on the dates that they are made that, although the company considered reasonable as the time of such explanations are subject to important business, economic, legislative and competitive uncertainties and contractions. These estimates and assumptions can prove to be incorrect and are explicitly qualified in their entirety by this warning statement. Except as required by law, the company does not accept an obligation to update future -oriented information if the estimates or opinions of management change the circumstances or opinions.

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