Weekapaug Lithium Inc. signed a letter of intent to acquire Eagle I Capital Corporation in a reverse merger transaction on July 9, 2022. Weekapaug Lithium Inc. entered into an amalgamation agreement to acquire Eagle I Capital Corporation in a reverse merger transaction on January 30, 2023. Upon completion of the Transaction, the combined entity (the “Resulting Issuer”) will continue to carry on the business of Weekapaug.

It is expected that upon completion of the Transaction, the Resulting Issuer will apply to list its common shares for trading on the Canadian Securities Exchange (the “CSE”). Pursuant to the Transaction, Eagle I will amend its articles to change its name to “Weekapaug Lithium Limited” (the “Resulting Issuer”) and consolidate its issued and outstanding shares on a 6.876:1 ratio such that 137,521,211 common shares of Eagle I will be consolidated to approximately 20,000,172 common shares of the Resulting Issuer. The Resulting Issuer's new CUSIP is 94857K102 and its new ISIN is CA94857K1021.

Transaction is subject to the approval of the shareholders of Weekapaug and subject to all applicable regulatory approvals being obtained. Eagle I and Weekapaug are pleased to announce that they have received conditional approval from the Canadian Securities Exchange to list the common shares of the Weekapaug on the CSE, subject to the completion of customary requirements of the CSE and the closing of the Transaction.