Major Shareholders of American Lithium Enter 14,153,333 shares into

Welcome To The American Lithium HUB On AGORACOM

Exploration and development of lithium deposits within mining-friendly jurisdictions throughout the Americas

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Have a great Sunday, especially those of you like me that are celebrating Orthodox Easter ... As well as those of you who are also like me and mourning another Maple Leafs Game 7 exit ... Ugggh!

Sincerely,

George et al

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Major Shareholders of American Lithium Enter 14,153,333 shares into

posted on Aug 04, 2016 12:52PM

18 month Voluntary Escrow

2016-08-04 12:34:00 PM ET (PR Newswire)

American Lithium Corp. (TSXV: Li) (OTCQB: LiACF) (Frankfurt: 5LA; WKN: A2AHEL) ("American Lithium" or the "Company"), is pleased to announce that certain major shareholders have entered into voluntary escrow agreements which collectively will escrow 14,153,333 common shares of the Company starting immediately. The terms of the escrow will restrict resale of the shares effective August 1st, 2016. The shares will be released from escrow in equal tranches commencing on February 1st, 2017 and extending through to February 1st, 2018 for a total period of 18 months.

"American Lithium has always appreciated the support of its staff, management and shareholders. This voluntary escrow only confirms our major shareholders confidence and commitment to the assets and to what we are building." commented Michael Kobler, CEO of American Lithium. "I would like to personally thank our shareholders for sharing our belief in our world class lithium assets and our Company's future upside.

ABOUT American Lithium Corp. American Lithium Corp. is actively engaged in the acquisition, exploration and development of lithium deposits within mining-friendly jurisdictions throughout the Americas. American Lithium holds options to acquire Nevada lithium brine claims totaling 22,332 acres (9,038 ha), including 18,552 contiguous acres (7,508 ha) in Fish Lake Valley, Esmeralda County; 2,240 acre (907 ha) San Emidio Project in Washoe County; and the 1,540 acre (623 ha) Clayton-Valley-1 Project. The Company's Fish Lake Valley lithium brine properties are located approximately 38 kilometers from Albemarle's Silver Peak, the largest lithium operation in the U.S. American Lithium is listed on the TSXV under the trading symbol "Li". For further information, please visit the Company's website atwww.americanlithiumcorp.com.

On behalf of the Board,American Lithium Corp.Michael Kobler, Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE American Lithium Corp

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