International Lithium Corp. (TSXV:ILC) agreed to acquire 90% interest in Firesteel Copper and Cobalt Project near Upsala, Ontario for CAD 2.2 million on February 16, 2024. As for consideration, International Lithium Corp.

will pay on the Effective Date CAD 0.055 million in cash to the Vendor. Within 15 calendar days of Exchange approval of the Agreement: at the discretion of ILC, either paying CAD 0.11 million in cash, or paying CAD 0.065 million in cash and issuing common shares with an aggregate value of CAD 0.045 million to the Vendor. if ILC establishes a Resource Calculation equal to or exceeding 10,000,000 metric tonnes at 1% Copper, ILC shall pay, at its sole discretion, anyone of (i) CAD 1 million in cash or (ii) such number of Common Shares having an aggregate value of CAD 1 million or (iii) a combination of cash and Common Shares having an aggregate value of CAD 1 million.

if ILC establishes a Resource Calculation equal to or exceeding 15,000,000 metric tonnes at 1% Copper, ILC shall pay, at its sole discretion, anyone of (i) a further CAD 1 million in cash, or (ii) such number of Common Shares having an aggregate value of CAD 1 million or (iii) a combination of cash and Common Shares having an aggregate value of CAD 1 million.