HeliosX Lithium & Technologies : Notice and Access Provisions for AGM and update on application for trading on OTC Markets

Notice and Access Provisions for AGM and update on application for trading on the OTC Markets

VANCOUVER, BC, May 9, 2022 - HeliosX Lithium & Technologies Corp. ("HeliosX") (TSXV: HX) (OTC Markets-Tier: Expert Market: HXLTF) (FSE: C2U0) reports that the Annual General Meeting of Shareholders of the Company is to be held on June 24, 2022 being conducted utilizing the notice-and-access mechanism (the "Notice and Access Provisions") under National Instrument 54-101 - Communication with Beneficial Owners of Securities of a Reporting Issuer and National Instrument 51-102 - Continuous Disclosure Obligations, for distribution of Meeting materials to registered and beneficial Shareholders.

The Notice-and-Access Provisions allow reporting issuers to post electronic versions of proxy-related materials (such as proxy circulars and annual financial statements) on-line, via the System for Electronic Document Analysis and Retrieval ("SEDAR") and one other website, rather than mailing paper copies of such materials to Shareholders. Electronic copies of the Information Circular, financial statements for the financial year ended November 30, 2021 ("Financial Statements") and management's discussion and analysis of the Company's results of operations and financial condition for 2021 ("MD&As") may be found on the Company's SEDAR profile atwww.sedar.com.

The record date for the determination of Shareholders entitled to receive notice of and to vote at the Meeting is May 10, 2022 (the "Record Date"). Shareholders of the Company whose names have been entered in the register of Shareholders at the close of business on that date will be entitled to receive notice of and to vote at the Meeting.

The Company further announces an amendment to the disclosure in the news releases dated March 31, 2022, and in a recently filed annual information form ("AIF") (specifically on page 43) where reference to the Company's shares trading on OTCQB was made by an error. In both places it should have read, "trading on OTC Markets". The Company's shares have been placed on the Expert Market of the OTC Markets pending final approval for its OTCQB application.

The Company completed a plan of arrangement as disclosed in the news release dated January 13, 2022. HeliosX has set up a compliance committee which is responsible for disclosure and dissemination of news in the public domain so that all disclosure is vetted prior to its release.

About HeliosX

HeliosX is an integrated lithium exploration company, incorporating the latest in direct lithium extraction ("DLE") technologies, to unlock potential commercial opportunities in Alberta (Canada), Nevada (USA) and Jujuy (Argentina). Having over 560,000 lithium brine acres across three prospective lithium jurisdictions provides shareholders with potential exposure to multiple lithium brine play types. The company has selected specific DLE technologies which it believes will maximize potential lithium opportunities in each operational jurisdiction and continues to move forward with technical modeling and information gathering to better delineate the prospective lithium resources.

Neither theTSXVnor itsRegulationServicesProvider (asthat termisdefinedin thepolicies oftheTSXV)acceptsresponsibilityfortheadequacy oraccuracyofthisrelease.

For further information: Christopher Brown, CEO Brian Findlay, President, Telephone: [phone] Email:[e-mail]