Consolidated Lithium Metals Inc. announced that it has acquired 24 mineral claims representing 1,283.08 hectares of concessions in the James Bay/Eeyou Istche region of Quebec (the ?Claims?) from a wholly owned subsidiary (?Subco?) of AmmPower Corp. (CSE: AMMP) (?AmmPower?), subject to the terms and conditions set out in the corresponding asset purchase agreement dated as of July 20, 2023 (the ?Agreement?). Pursuant to the Agreement, as consideration for the acquisition of a 100% interest in the Claims (the ?Acquisition?), CLM paid aggregate consideration of $60,000 in cash and granted to AmmPower a 1% net smelter return royalty affecting the Claims, which CLM has the option to repurchase at any time for $250,000.

No finder fees are payable in connection with, and no change of control of CLM will result from, the Acquisition. Completion of the Acquisition remains subject to final approval of the TSX Venture Exchange (?TSXV?).