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09/24/2018 Corporate News

AMERICAN LITHIUM SEES 1,690 PPM SAMPLE GRADES AT NEW TONOPAH CLAYSTONE CLAIMS (TLC)

Vancouver, B.C., September 24, 2018 – American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt: 5LA;) (“American Lithium” or the “Company”) is pleased to announce the

purchase of it’s second sedimentary lithium project, the Tonopah Lithium Claims, (TLC Project). Purchased from Nevada Alaska Mining Co., (NAM), the TLC Project consists of 75 lode claims covering 1,550 acres (625 hectares), located northeast of Tonopah Nevada, hosting high grade lithium in claystones.

During 2018, 37 different outcrop locations on the property were sampled and assayed with lithium grades ranging from 120 parts per million (ppm) to 1,690 ppm. The average grade of the lithium in surface outcrop is 766 ppm Li. American Lithium consultants visited the project and noted highly anomalous lithium grades in clay across the project. On the basis of NAM’s sampling and field review by the Company’s geologists, the claystone beds are generally shallow dipping and suggest widespread consistent mineralization and thickness throughout the sampling locations. Ongoing work is being completed to validate these assays and field relationships.

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