Green Shift Commodities Finalizes Sale of Lithium Assets in Argentina

Green Shift Commodities Ltd. (TSXV: GCOM), ("Green Shift" or the "Company"), is excited to announce the completion of the previously announced transaction (the "Transaction") with Lion Critical Elements Corp. ("Lion"). Lion has acquired all outstanding shares of LFP Resources Corp. ("Subco"), a wholly-owned subsidiary of Green Shift. Subco possesses 10,000 hectares of promising lithium exploration areas in Rio Negro, Chubut, and Neuquén Provinces in Argentina, as well as a 25% stake in Pampa Litio S.A. Lion, an independent privately-held company, holds a diverse portfolio including lithium projects in Southern Zambia and uranium assets in Niger.

Under the terms of the Transaction, Lion acquired all the existing shares of Subco in exchange for 1,460,000 common shares of Lion ("Lion Shares") valued at US$0.75 per share, along with 500,000 warrants. Each warrant allows the purchase of one Lion Share at an exercise price of US$1.00 per share within three years from the Transaction's closing date.

Trumbull Fisher, CEO, expressed enthusiasm about finalizing the transaction with Lion and looks forward to seeing their team advance these assets. Fisher highlighted Lion's experienced team and how well these assets complement Lion's existing portfolio. While maintaining exposure to the potential growth of these assets through Lion shares, Fisher noted that Green Shift Commodities Ltd. will not be responsible for funding the exploration requirements associated with these assets.

Green Shift Commodities Ltd. is dedicated to exploring and developing essential commodities that support decarbonization and the achievement of net-zero goals. The company is actively progressing the Armstrong Project situated in the Seymour-Crescent-Falcon lithium belt in northern Ontario, recognized for its spodumene-bearing lithium pegmatites and substantial discoveries. Additionally, Green Shift Commodities Ltd. holds a portfolio of equity investments in both public and private companies focused on uranium and lithium. The company is advancing a lithium-focused portfolio that includes the recently acquired Rio Negro Project in Argentina, a district-scale project in an area known for hard rock lithium pegmatite occurrences first identified in the 1960s, with limited exploration since. Additionally, the company is progressing the Armstrong Project located in the Seymour-Crescent-Falcon lithium belt in northern Ontario, renowned for its spodumene-bearing lithium pegmatites and notable discoveries. The company is advancing development of the Berlin Deposit in Colombia, which, alongside uranium for clean nuclear energy, contains essential battery commodities such as nickel, phosphate, vanadium, and rare earth elements like neodymium. Phosphate is crucial for lithium-ion ferro-phosphate (LFP) batteries, increasingly adopted by electric vehicle manufacturers. Nickel is integral to various lithium-ion batteries, and vanadium is used in vanadium redox flow batteries. Neodymium, a rare earth element from the Berlin Deposit, is essential for high-powered magnets enhancing electric motor efficiency and used in wind turbine generators.