Grounded Lithium Corp. (TSXV:GRD) entered into an agreement to acquire additional 33 sections (8,498 hectares) of highly prospective lands in core Kindersley area from Hub City Lithium Corp. for CAD 0.4 million on March 1, 2023. Total consideration - CAD 425,000 comprised of cash consideration of CAD 175,000 and the issuance of CAD 250,000 of GLC common shares based on the 10-day volume weighted average trading price of the Shares at Closing. For illustrative purposes, if the issuance price was based on the 10-day volume weighted average trading price of the Shares as of the date hereof, the number of Shares issued as consideration would equal 945,500 common shares or 1.4% of the Company's current outstanding Common Shares. The Shares issued will be subject to a contractual escrow to be released in equal 1/3rd tranches on the 4-, 8- and 12-month anniversaries from closing. GLC expects to close the acquisition on or around March 15, 2023.

Grounded Lithium Corp. (TSXV:GRD) completed the acquisition of additional 33 sections (8,498 hectares) of highly prospective lands in core Kindersley area from Hub City Lithium Corp. for CAD 0.38 million on March 16, 2023. The purchase price was comprised of cash consideration of CAD 175,000 and the issuance of 779,557 shares.