Edison Lithium Corp. announces late filing of annual financial statements and management cease trade order

Vancouver, British Columbia–(Newsfile Corp. – January 31, 2022) – Edison Lithium Corp. (TSXV: EDDY) (OTCQB: EDDYF) (FSE: VV0) (“Edison“or the”Society“) announces today that it was unable to file its audited annual financial statements for the fiscal year ended September 30, 2021, together with its related MD&A, and its Form 52-109FVI CEO Certification and the Chief Financial Officer of Annual Deposits (collectively, the “Annual deposits required“) no later than the prescribed deadline of January 28, 2022 (the “Prescribed period“).

The Company is working quickly with its auditor and is making every effort to file the required annual documents no later than February 11, 2022.

In connection with the late filing, the Company has requested the British Columbia Securities Commission (the “BCSC“) and other applicable securities authorities under National Policy 12-203, Management cease trade orders (“National Policy 12-203“), requesting that a management cease trade order (a “MCTO“) relating to the securities of the Company be imposed on some or all persons who have been directors, officers or insiders of the Company. The MCTO would prohibit such specified persons from trading in the securities of the Company during the period Filing Requirements The issuance of an MCTO does not generally affect the ability of persons who are not directors, officers or other insiders of the Company to trade in the securities of the Company.

The BCSC reviewed the company’s application and granted an MCTO.

The Company confirms that it intends to comply with the provisions of Section 10 of National Policy 12-203 and to issue default status reports every two weeks as long as the Company remains in default of the requirement to file financial statements. This report will disclose any changes to the information contained in this press release (or subsequent Default Status Reports) which could reasonably be expected to be material to an investor, including a description of any measures taken to remedy the defect and the status of any investigation. in any events that may have contributed to the default; details of any failure by the Company to fulfill its stated intentions with respect to satisfying the provisions of Section 10 of National Policy 12-203; information regarding any specified (expected) default as a result of the Company’s failure to file the required annual documents within the prescribed time; and subject to National Policy 12-302 Section 11, any other material information concerning the Company’s business that has not been generally disclosed.

Truly,

Nathan Rotstein
Chairman and Chief Executive Officer and Director

James Richardson
Chief Financial Officer and Administrator

About Edison Lithium Corp.

Edison Lithium Corp. is a Canada-based junior mining exploration company focused on sourcing, exploring and developing cobalt, lithium and other energy metal properties. The Company’s acquisition strategy is based on the acquisition of affordable, profitable and highly valued mining properties in areas with proven geological potential. Edison is building a portfolio of quality assets capable of supplying critical materials to the battery industry and intends to capitalize and benefit its shareholders on the renewed interest in battery metals.

On behalf of the Board of Directors:

“Nathan Rotstein”
Nathan Rotstein
Chairman and Chief Executive Officer and Director

For more information please contact:

Tel: 416-526-3217
E-mail: This email address is protected from spam. You need JavaScript enabled to view it.
Website: www.edisonlithium.com

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.

Caution Regarding Forward-Looking Statements:

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and United States securities laws (collectively, “Forward-looking statements“). Any information contained herein that is not clearly historical in nature may constitute forward-looking statements. Some of the forward-looking statements contained in this press release relate to the Company’s ability to complete required annual filings and to continue to satisfy the disclosure guidelines set forth in National Policy 12-203 Forward-looking statements are necessarily based on a number of estimates and assumptions which, while considered reasonable by management, are inherently subject to business risks, significant economic and competitive circumstances, uncertainties and contingencies which may cause the actual filing deadline for required annual filings to be materially different from the estimated future filing deadline or which prevent the Company from complying with the requirements of National Policy 12-203 and the forward-looking statements do not constitute s guarantees of future performance. -looking statement included in this press release is made as of the date of this new s and, except as required by law, the Company disclaims any obligation to update or revise any forward-looking statement. Readers are cautioned not to place undue reliance on any forward-looking statement.

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