Alpha Lithium Corporation Announces Grant of Stock Options

October 17, 2019

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Vancouver, British Columbia ‐ (October 17, 2019) – Alpha Lithium Corporation (TSX.V:ALLI) (the “Corporation” or “Alpha”) is pleased to announce that it has granted an aggregate of 585,000 stock options (each, a “Option”) to consultants including an investor relations consultant pursuant to its stock option plan, allocated as follows: (i) 385,000 Options to investor relations providers; and (ii) 200,000 Options to a consultant providing management services for the Corporation in Argentina, at an exercise price of $0.25 per common share.  Each Option granted to the optionees is exercisable for a period of two (2) years from the date of grant. All 585,000 Options vest as four instalments over a one year period every three months, each equal to 25% of the total number of options granted to each of the optionees, with the first of such instalments vesting three months following the date of grant.

All securities issued will be subject to an Exchange Hold Period (as defined by the policies of the TSX Venture Exchange) of four months and one day following the original issuance of such securities.

ON BEHALF OF THE BOARD OF ALPHA LITHIUM CORPORATION 

“Darryl Jones” 

Darryl Jones

President, CEO and Director
Tel: 604.343.2723
[email protected]

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.