Edison Lithium Closes Private Placement Financing

Vancouver, British Columbia--(Newsfile Corp. - February 9, 2026) - Edison Lithium Corp. (TSXV: EDDY) (FSE: VV0) ("Edison" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement financing (the "Offering") and issued an aggregate of 11,157,500 units (the "Units") at a price of $0.05 per Unit, for total gross proceeds of $557,875.

Each Unit is comprised of one common share of the Company (a "Share") and one common share purchase warrant (a "Warrant"), with each Warrant entitling the holder thereof to acquire one additional Share at an exercise price of $0.08 per Share for a period of two years from the date of issuance.

The proceeds of the Offering will be used to fund exploration activities on the Company's projects and for general working capital purposes.

Directors and officers of the Company participated in the Offering acquiring 237,500 Units for aggregate proceeds to the Company of $11,875.00. Such participation is considered to be a "related party transaction" as defined under Multilateral Instrument 61-101- Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that participation by such directors and officers in the Offering does not exceed 25% of the fair market value of the Company's market capitalization, as calculated in accordance with MI 61-101.

In connection with the Offering, the Company paid cash finder's fees of $32,000.00 and issued 640,000 non-transferable finder warrants, each exercisable to acquire one Share at a price of $0.08 until February 9, 2028.

All securities issued under the Offering are subject to a statutory hold period expiring June 10, 2026, in accordance with applicable securities laws and the policies of the TSX Venture Exchange (the "TSXV"). The Offering remains subject to final approval of the TSXV.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to available exemptions therefrom. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States.

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