Alpha Lithium Reminds Shareholders to Tender their Shares Before October 20th Deadline

• Alpha recommends that Alpha shareholders tender their shares in advance of the October 20^th deadline.
• Alpha’s Board and Management have indicated to the Company that they intend to tender to the Revised Tecpetrol Offer.
• PI Financial Corp. has confirmed that the Revised Tecpetrol Offer is fair to shareholders from a financial point of view.
• Shareholders that have already tendered do not need to take any further action.
• Questions or Need Assistance? Contact Laurel Hill Advisory Group at 1-877-452-7184 or email: [e-mail] or visit https://www.tecpetrol.com/en/investors/alpha-lithium-offer for more information.
  

VANCOUVER, British Columbia, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1) ("Alpha") or the (“Company”) is issuing a reminder to shareholders to tender their shares in advance of the Revised Tecpetrol Offer deadline of 5:00 p.m. (Vancouver time) on October 20, 2023. Shareholders using a broker may have an earlier cut-off time.

To the knowledge of the Company after reasonable inquiry, as of October 17, 2023, each of the directors and officers of Alpha have indicated an intention to tender their shares to the Revised Tecpetrol Offer.

Brad Nichol, President & CEO of Alpha stated, “Our Board and management team have worked tirelessly to surface the best possible result of a comprehensive strategic review, and our shareholders can be assured that every available option has been explored. As a result, I will personally be tendering my shares to the Tecpetrol offer and I understand that the other directors and officers of Alpha will also be tendering. I am thankful for the immense efforts of our team, which led to an increased offer, and am grateful for the support of Alpha shareholders who have stood with us throughout this process.”

How to Tender Q&A

Q:  How do I tender my Alpha shares?

A:  Shareholders whose shares are registered in the name of an investment advisor, stock broker, bank, trust company or other intermediary should immediately contact that intermediary for assistance if they wish to accept the Revised Tecpetrol Offer so that the necessary steps can be taken to enable the deposit of such shares. Intermediaries likely have established tendering cut-off times that are prior to the expiry time. Shareholders must instruct their intermediaries promptly if they wish to tender.