Advance Lithium Provides a Corporate Update

Kamloops, British Columbia--(Newsfile Corp. - May 16, 2022) - Advance Lithium Corp. (TSXV: AALI) ("Advance Lithium" or "the Company") announces that the non-brokered private placement offering of 6,000,000 common shares in the capital of the Company at a price per share of $0.05 for gross proceeds of $300,000, as previously announced April 13, 2022, is not proceeding.

For further information, please contact: Allan Barry Laboucan
President and CEO
Phone 492-238-5282 (Direct-Mexico Cell)
Email: allan@advancegold.ca

www.advancelithiumcorp.com

This news release contains certain statements that may be deemed "forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors should change, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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