ION Announces Private Placement and Corporate Restructuring

Toronto, Ontario--(Newsfile Corp. - January 14, 2026) - Lithium ION Energy Limited (TSXV: ION) (FSE: ZA4) ("ION" or the "Company") is pleased to announce a corporate restructuring, including a non-brokered private placement of up to 15,000,000 units (each, a "Unit"), at a purchase price of $0.04 per Unit, to raise total gross proceeds of up to $600,000 (the "Offering"), of which the Company has received firm commitment for $400,000. The Company will also refresh its board and bring on a new Interim-CEO to lead ION through this period of change.

Private Placement

Each Unit of the Offering will consist of one common share of the Company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the Company at a price of $0.05 at any time on or before that date which is twenty-four (24) months from the closing date of the Offering, subject to the approval of the TSX Venture Exchange ("TSXV"). These Units will be subject to a statutory hold period of four (4) months plus one (1) day from the date of issuance. Of the $600,000 available, Mr. Bataa Tumur-Ochir, Director and long-term investor in ION, has committed $400,000.

The net proceeds will be used to maintain the Company's existing exploration portfolio, and for general working capital. The Units will be offered to qualified investors in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. The Company may pay finders' fees to eligible finders in connection with the Offering, subject to compliance with applicable securities laws and the policies of the TSXV.

All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day after the date of issuance in accordance with applicable securities laws and the policies of the TSXV. Completion of the Offering, and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSXV.

Board Changes

The Company further announces the resignations of Ali Haji, as CEO and Director, Aneel Waraich, and Enkhtuvshin Khishigsuren, as Directors effective immediately.

The Company wishes to thank Mr. Haji, Mr. Waraich, and Mr. Khishigsuren for their continued efforts and numerous contributions during their tenure and wishes them the best in their future endeavours.

Concurrently, the Company welcomes Mr. Sreenath Didugu to the Board of Directors and as Interim Chief Executive Officer.

Mr. Didugu brings expertise in corporate advisory, capital markets, and financial strategy, with a focus on structuring and financing high potential mining ventures. He has advised TSX and ASX listed resource companies and emerging ventures across restructurings, IPOs, RTOs, dual listings, and M&A transactions. He is a founding partner of QCapital Partners, an Australian-based project generation and development firm specialising in the acquisition, advancement, and capitalisation of high potential resource sector assets. Mr. Didugu holds a Bachelor of Finance from the Australian National University.