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Advantage Lithium received conditional approval for option agreement with Nevada Sunrise

Advantage Lithium is pleased to announce that, further to the Company’s news release of June 20th 2016, the Company has received conditional acceptance from the TSX Venture Exchange (the “Exchange“) regarding the Company’s option agreement with Nevada Sunrise Gold Corporation (“Nevada Sunrise”) to acquire an interest of up to 70% in three Nevada lithium projects, 50% in two Nevada lithium projects and 100% of certain water rights. The Company has completed a binding agreement with Nevada Sunrise in respect of the option.

Vancouver, British Columbia, August 18, 2016 – Advantage Lithium Corp. (the “Company” or “Advantage Lithium”) (TSXV: AAL.H) is pleased to announce that, further to the Company’s news release of June 20th 2016, the Company has received conditional acceptance from the TSX Venture Exchange (the “Exchange“) regarding the Company’s option agreement with Nevada Sunrise Gold Corporation (“Nevada Sunrise”) to acquire an interest of up to 70% in three Nevada lithium projects, 50% in two Nevada lithium projects and 100% of certain water rights. The Company has completed a binding agreement with Nevada Sunrise in respect of the option.

The Company has filed its final Filing Statement and its Technical Report on the Jackson Wash property, on SEDAR. The Company will now proceed with meeting the Exchange’s remaining conditions including finalizing all escrow agreements and closing the previously announced private placement. Final closing of the transaction with Nevada Sunrise Gold Corporation is scheduled for on or about August 26, 2016.

David Sidoo, President and Director, of Advantage Lithium, commented, “We are pleased to have this approval in place. Four of the five lithium brine projects are drill-ready, including Clayton NE, which is immediately adjacent to Albemarle’s lithium producing project of Silver Peak. Importantly, the certificated water rights we will be acquiring also pertain to the Clayton Valley. With drilling at Clayton NE planned for late September, and our continued progress in evaluating other strategic assets internationally, it is clear we are entering an exciting time for the Company.”

About Advantage Lithium Corp.

Advantage Lithium Corp. is a resource company specializing in the strategic acquisition, exploration and development of lithium properties and is headquartered in Vancouver, British Columbia. Common Shares are listed on the TSX Venture Exchange under the symbol “AAL.H”.

ADVANTAGE LITHIUM CORP.

Per:         “Nick DeMare”
                  Nick DeMare, Corporate Secretary

Tel:  604.685.9316 | Fax: 604.683.1585

Email: ndemare@chasemgt.com

In Europe:

Swiss Resource Capital AG – Jochen Staiger

info@resource-capital.ch - www.resource-capital.ch

Cautionary Statement:

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange Requirements, majority of

the minority shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Certain information contained in this press release constitutes “forward-looking information”, within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved” or “has the potential to”.  Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of Advantage Lithium which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and the Company and Advantage Lithium disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

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

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PDAC 2019

Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at info@resource-capital.ch. We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

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