Alpha Lithium Corporation Retains Xander Capital Partners As Corporate Consultants

October 23, 2019

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

Vancouver, British Columbia ‐ (October 23, 2019) – Alpha Lithium Corporation (TSX.V:ALLI) (the “Corporation” or “Alpha”) is pleased to announce that, subject to approval from the TSX Venture Exchange (the “Exchange”), the Company has engaged Xander Capital Partners Inc. (“Xander”) for corporate consulting services for a period of 90 days from October 15, 2019. The services are anticipated to include the assistance with the introduction to mining industry partners, research analysts, investment bankers, advisors and potential board members. In consideration for the investor relations services, the Company has agreed to pay a monthly cash fee in the amount of US$10,000 and 385,000 stock options (each, a “Option”), which Options are exercisable for a period of two (2) years from the date of grant and vest in four 25% instalments every three months. The Options were issued half each to Rob Guzman and James Hellwarth, both principals of Xander.

The Company is unrelated and unaffiliated with Xander.

Xander has over 30 years of cumulative industry specific experience. Xander is headquartered in Orlando, with their reach expanding internationally. They have provided introductions to high net worth individuals, assisted with private placements, and corporate sponsorship.

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.