Alpha Lithium Announces Private Placement

June 19, 2020

VANCOUVER, British Columbia, June 19, 2020 — Alpha Lithium Corporation (TSX.V: ALLI) (OTC: ALLIF) (“Alpha” or the “Company”) is pleased to announce that it has arranged a non-brokered private placement (the “Offering”) of up to 10,000,000 units (each, a “Unit”) at a price of $0.37 per Unit for gross proceeds of up to $3,700,000.  Each Unit shall consist of one common share of the Company (a “Share”) and one Share purchase warrant (a “Warrant”). Each Warrant shall entitle the holder thereof to acquire one Share at a price of $0.50 for a period of three (3) years following closing of the Offering.

The net proceeds received from the Offering will be used for development of the Company’s Tolillar Lithium Project in Salta, Argentina and for general working capital purposes. All securities issued under the Offering will be subject to a four-month hold period from the date of issue in accordance with applicable securities laws. The Offering is subject to acceptance of the TSX Venture Exchange.


“Brad Nichol”

Brad Nichol
President, CEO and Director

For more information:

Alpha Lithium Investor Relations Tel: +1 844 592 6337

About Alpha Lithium (TSX.V: ALLI) (OTC: ALLIF)
Alpha Lithium is a growing team of industry professionals and experienced stakeholders who bring a big picture de-risked and proven approach to global lithium mining. They have assembled 100% ownership of what may be one of the last regional  undeveloped land plays encompassing +27,500 hectares (67,954 acres) at Argentina’s Tolillar Salar in the heart of the renowned “Lithium Triangle” in an area surrounded by successful operators and multi-billion-dollar lithium assets. For more information visit: and follow us on Twitter or Facebook.

Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information or forward-looking statements (collectively, “forward-looking statements”) concerning the completion of the proposed private placement and the proposed use of proceeds of the Offering. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking statements and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Although the Company believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company can give no assurance that they will prove to be correct. By their nature, such forward-looking statements are subject to various risks and uncertainties, which could cause actual results to differ materially from the anticipated results or expectations expressed herein. These risks and uncertainties, include, but are not limited to the COVID-19 pandemic, general economic conditions, industry conditions, access to capital markets, volatility of commodity prices, market forces, competition from other industry participants and regulatory conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release or otherwise. Except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

Neither the 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.