Alpha Lithium Shareholders Approve the Privatization of Alpha Lithium by Tecpetrol - Seite 2

The completion of the Amalgamation is expected to occur on December 19, 2023. It is expected that the Alpha Shares will be delisted from the NEO Exchange (operating as Cboe Canada) at the close of business on December 20, 2023. The Purchaser intends to cause Amalco to file an application to cease to be a reporting issuer under applicable securities laws as soon as reasonably practicable following the completion of the Amalgamation.

How to Receive the Consideration and Additional Information

In order to receive the Consideration (less applicable withholdings), each registered Alpha Shareholder must properly complete and duly execute the letter of transmittal enclosed with the notice of special meeting and information circular of Alpha dated November 13, 2023 (the “Circular”) mailed to Alpha Shareholders in connection with the Meeting and deliver the letter of transmittal, together with all other documents and instruments referred to in the letter or transmittal or reasonably requested by Odyssey Trust Company, in its capacity as depositary for the Amalgamation, including the certificate(s) representing such Alpha Shareholder’s Alpha Shares, to the depositary at the address specified in the letter of transmittal and otherwise in accordance with the instructions contained therein. A copy of the letter of transmittal is also available under Alpha’s profile on SEDAR+ at www.sedarplus.ca. Alpha Shareholders who hold their Alpha Shares through an investment advisor, broker, bank, trust company, custodian, nominee or other intermediary must contact such intermediary for instructions and assistance in exchanging their Alpha Shares for the Consideration.

Additional information concerning the Amalgamation is set forth in the Circular filed in connection with the Meeting under Alpha’s profile on SEDAR+ at www.sedarplus.ca.

Caution Regarding Forward-Looking Statements

This news release contains “forward looking information”. Forward-looking information is not based on historical facts, but rather on current expectations and projections about future events, and is therefore subject to risks and uncertainties that could cause actual results to differ materially from the future results expressed or implied by the forward-looking information. Often, but not always, forward-looking information can be identified by the use of forward-looking words such as “plans”, “expects”, “intends” or variations of such words, and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information contained in this press release includes, but is not limited to, statements relating to expectations relating to the Amalgamation; the consideration, timing and completion of the Amalgamation; and the timing for the delisting of the Alpha Shares and Amalco filing an application to cease to be a reporting issuer under applicable securities laws.