Lithium Ionic Reports AGM Voting Results, Including Election of Two New Independent Directors

TORONTO, Aug. 20, 2026 (GLOBE NEWSWIRE) — Lithium Ionic Corp. ( TSXV: LTH; OTCQX: LTHCF; FSE: H3N ) (“Lithium Ionic” or the “Company”) reports the voting results from its Annual General Meeting of shareholders (the “Meeting”) held on August 18, 2026. Shareholders holding 103,969,271 shares or 52.7% of the outstanding shares of the Company were represented at the Meeting.

Shareholders voted in favour of all resolutions put before the meeting, including:

Shareholders also approved the election of all six director nominees, including new independent directors John Turner and Ernie Ortiz Ortega. Their appointments strengthen Lithium Ionic’s governance, legal, mining transaction and lithium capital markets expertise as the Company advances its 100%-owned Bandeira Lithium Project toward construction readiness and production.

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The following individuals were elected as directors for the ensuing year:

The appointments of Mr. Turner and Mr. Ortiz Ortega add complementary expertise in mining transactions, corporate governance, lithium markets and capital formation at a pivotal stage in Lithium Ionic’s development. A report of voting results for the Meeting will be filed under the Company’s profile on SEDAR+ at www.sedarplus.ca .

Mr. Turner is a highly respected Canadian mining lawyer with nearly four decades of experience in capital markets, mergers and acquisitions, project finance, and corporate governance across the global resources sector. A Partner at Fasken Martineau DuMoulin LLP (“Fasken”), Mr. Turner is Co-Leader of the firm’s Global Mining Group and has acted in prominent corporate finance and M&A transactions involving companies active globally. He also brings direct board-level experience in lithium sector consolidation, having served as a non-executive director of Galaxy Resources Limited through its 2021 merger of equals with Orocobre Limited to form Allkem Limited, as a director of Allkem through its US$10.6 billion merger with Livent Corporation to create Arcadium Lithium plc, completed in January 2024, and as a director of Arcadium Lithium, where he chaired the Compensation Committee, through its approximately US$6.7 billion acquisition by Rio Tinto, completed in March 2025. He has also served as Chair of TSX-listed GoGold Resources Inc. since 2019 and as Chair of New Haven Learning Centre, a not-for-profit supporting individuals with autism spectrum disorder. Mr. Turner holds an LL.M. from the University of Cambridge and an LL.B. and a BSc (Hons) from Queen’s University and is a member of the Institute of Corporate Directors.

Mr. Ortiz Ortega is an executive in the critical minerals sector, most recently serving as Co-Founder, President, and Chief Executive Officer of Lithium Royalty Corp. (“LRC”). After co-founding LRC in 2018, he led the origination, structuring, and execution of a global portfolio of 38 lithium royalties, including royalties on Zijin Mining’s Tres Quebradas, Sigma Lithium, Elevra’s Moblan, and Ganfeng Lithium’s Mariana and Goulamina projects. Mr.