ION Closes Upsized Non-Brokered Private Placement

Vancouver, British Columbia--(Newsfile Corp. - March 13, 2026) - Lithium ION Energy Limited (TSXV: ION) (FSE: ZA4) ("ION" or the "Company") is pleased to announce the closing of its previously announced non-brokered private placement offering through the issuance of an aggregate of 35,237,500 units (the "Units") at a price of $0.04 per Unit for gross proceeds of $1,409,500 (the "Offering").

Each Unit consists of one common share of the Company and one common share purchase warrant. Each warrant entitles 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.

In connection with the Offering, the Company paid aggregate cash finder's fees of $44,070 and issued 1,101,750 finder's warrants to certain arm's length finders who assisted in introducing subscribers to the Offering.

The Company intends to use the net proceeds of the Offering to assess new growth opportunities, maintain the Company's existing exploration portfolio, and for general working capital.

All securities issued and sold under the Offering are subject to a four month hold period expiring on July 14, 2026 in accordance with applicable securities laws and the policies of the TSX Venture Exchange (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.

Sreenath Didugu, Matthew Wood and Robert Payment, each being a director and/or officer of the Company subscribed for an aggregate of 3,250,000 Units for gross proceeds of $130,000. Such participation constitutes a "related party transaction" within the meaning of 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 of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the fair market value of the insider participation does not exceed 25% of the Company's market capitalization. The Company did not file a material change report more than 21 days before the expected closing of the Offering because the details of the participation therein by related parties to the Company were not settled until shortly prior to the closing of the Offering.