Certain statements included in this press release constitute forward-looking information or statements (collectively, “forward-looking statements”), including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. Forward-looking statements in this press release include, without limitation, statements regarding: the completion of the proposed Transaction on the terms described or at all; the receipt of regulatory approvals, including TSX Venture Exchange approval; the Company’s ability to negotiate and execute definitive transaction agreements upon exercise of the Option; the receipt of Court approval of the Acquisition Agreement pursuant to the CCAA Proceedings; the estimated C&M Costs at Renard during the Option Period; the Company’s ability to secure financing to fund C&M Costs and any future transaction consideration; the anticipated timing of studies and negotiations during the Option Period; and the potential for the Renard process plant to process spodumene pegmatite ore from the Adina Lithium Project. These forward-looking statements and information reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company with respect to the matter described in this news release.