American Lithium Investor Presentation July 2016

T S X v : Li Exploration and development of lithium deposits throughout the Americas

Lithium 3

Li 6.941 americanlithiumcorp.com

Investor Presentation July 2016

Forward Looking Statements

2 American Lithium Corp TSXv : Li

This presentation may include statements which, other than statements of historical facts, may be considered "forward–looking statements“. These may include, but are not limited to, statements with respect to the future financial or operating performance of the Company and its projects, the future price of lithium or other metal prices, the estimation of mineral resources, the timing and amount of future production, costs of production, capital, operating and exploration expenditures, costs and timing of development of new deposits, costs and timing of future exploration, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims, limitations of insurance coverage and timing and possible outcome of regulatory matters. Often, but not always, forward–looking statements can be identified by the use of words such as "plans", "expects", "budgeted", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward–looking, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Although the Company believes the expectations expressed in such forward–looking statements are based on reasonable assumptions, such statements involve known and unknown risks, uncertainties and assumptions, and are not guarantees of future performance and actual results may differ materially from those expressed in the forward–looking statements. Such factors include, among others: general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities, actual results of reclamation activities; conclusions of economic evaluations; fluctuations in the value of the Canadian dollar; changes in project parameters as plans continue to be refined; changes in labour costs or costs of equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, cave–ins, pit–wall failures, flooding, rock bursts and other acts of God or unfavourable operating conditions and losses, detrimental events that interfere with transportation of lithium, including declaration of Force Majeure events, insurrection or war; delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward–looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward–looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward–looking statements.

Michael Collins, P.Geo. is the Q.P. as defined in National Instrument 43-101 and based on standards established by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), who has reviewed and approved the technical contents of this presentation.

Investment Highlights

Experienced team successfully built major oil sands company from inception to over $2Bil producing commercial entity

Rapidly acquiring large & diverse lithium brine portfolio

22,332 acres (9,038 ha) in Nevada

18,552 acres (7,508 ha) in Fish Lake Valley, Nevada, analogous in scope & size to Clayton Valley


Share price $0.61

52 week high / low $1.62-0.05

Shares Outstanding 42,306,615

Stock Options 2,325,000

Warrants 7,210,667

Fully Diluted 51,842,282

Cash Position CAD$1.7 Mil

Market Capitalization $25,807,035

Financial Information (2016.07.24)

Actively engaged in the acquisition, exploration and development of strategically located lithium projects in mining-friendly jurisdictions throughout the Americas

2,240 acre (907 hectare) San Emidio project in Washoe County, Nevada

Option to acquire 70% interest in 1,540 acre (623 ha) Clayton Valley-1 property

Permitted drilling & geophysical program to advance/de-risk projects quickly & inexpensively in 2H 2016

Lean share structure ~42.3 million shares outstanding, ~51.8M fully-diluted

Investigating strategic financing opportunities with leading industry participants

Rapid Growth in Lithium Demand


Source: Albemarle Corp; Goldman Sachs, HDIC Conference, March 2016

Fish Lake Valley Nevada


Fish Lake Valley lithium brine

properties located ~38 km from

Albemarle's Silver Peak, the

largest lithium mine in the U.S.,

~3.5 hr. from Tesla Gigafactory.

Fish Lake Valley 18,552 acres

North Bowl Playa

South Bowl Playa

Clayton Valley 1,540 acres

Dominant land holder with 18,552 contiguous acres

(7,508 hectares)

Historic Boron Mine – North Bowl Playa

Known & well understood lithium brine basin - Phase 1 Exploration Programs completed 2009-2015 including drilling & detailed gravity survey

Geological and geophysical characteristics analogous to Clayton Valley basin located to the southeast

North Bowl Playa Phase 2 Exploration Program restart 2H 2016, up to 13 drill holes

Dr. Oldow’s past Geological Model of North Bowl Playa confirmed gravity low & upcoming work to optimize South Bowl 2H 2016 exploration program

Fish Lake Valley Nevada


One of the most promising & largely undeveloped lithium brine basins in the State of Nevada

North Bowl Playa

Q2 2016 - Acquired 100% interest in the North Bowl Playa - Fish Lake Valley property (7,840 acres)

Located in Esmeralda County, west central Nevada

Phase 1 Exploration included surface brine sampling, gravity geophysics and drilling

3,545 feet (1080 meters) of direct push drilling within 41 holes at 25 sites

Drill holes range from 42 ft. to 150 ft. in depth

42 brine samples collected from hand held auger holes and near surface waters up to 150 ft.


Extensive Phase I Exploration Program

Near Surface Brine

Direct Push Drill Locations

Extensive Historic Exploration

In Sediment Concentrations: Lithium 116 ppm to 1040 ppm (average 540.7 ppm) Boron 110 ppm to 4070 ppm (average 1772 ppm) Potassium 0.7% to 2.24% (average 1.53%) Magnesium 0.35% to 6.37% (average 2.09%)


National Instrument 43-101 report titled Technical Report, Fish Lake Valley Lithium-Brine Property, Esmeralda County, Nevada, Nov 30, 2015*

Handbook of Lithium and Natural Calcium Chloride – Their Deposits, Processing, Uses and Properties. Garrett, Donald E., 2004; Elsevier Academic Press.

* The detailed disclosure contained in the NI 43-101 Technical Report is hereby incorporated in summary by reference in this presentation. The full text of the Technical Report may be accessed online under the SEDAR profile of Lithium Corp. at www.sedar.com

Brines tested to date also contain anomalous concentrations of

Lithium ranging from 0.81 mg/L to 150 mg/L

Boron from <1 mg/L to 2670 mg/L

Potassium from 30 to 13300 mg/L, and

Magnesium from 0.116 mg/L to 41.5 mg/L

http://www.sedar.com/

Hypothetical Lithium Brine Flowsheet


Concentrator Concentrator Concentrator Concentrator Concentrator

Lithium Carbonate spot price US$13,000 per tonne April 2016

Lithium Carbonate prices in China were much higher US$21,000 per tonne March 2016

Potassium Sulphate US$641-$741

per tonne

Boric Acid US$1,000 - 2,000

per tonne

By-Product Credits

Sources: Thompson Reuters (March 11, 2016); Strachan Corp (April 2016); Vastland (June 2016)

South Bowl Playa

Q2 2016 - Acquired 80% interest in Atlantis Lithium Brine Project - South Bowl Playa (2,882 acres)

69 placer claims and 19 association placer claims in Esmeralda County, Nevada


Located in a desert basin that exhibits similar geological and geophysical characteristics to Clayton Valley where lithium brines accumulate in faulted sub-basins, or "traps"

http://www.nevadasunrise.ca/wp-content/uploads/2016/02/Nevada-Sunrise-Geology-Map-Jan-2016.jpg

Exploration & Development Plan


2H 2016 - Follow through exploration and development program in the range of US$1 Mil - $1.5 Mil to focus on structures and sweet spots

Permitted to drill up to 13 test holes, up to 500 ft. in North Bowl Playa

Collect detailed brine chemistry samples to

develop and optimize distinct separation technology for Fish Lake Valley

Additional ground gravity surveys in South

Bowl Playa with plans to follow with sonic drilling program, cost effective way to obtain geological samples from basin sediments

Fish Lake Valley

Clayton Valley

North Bowl Playa

South Bowl Playa

N

San Emidio Property


2,240 acres (907 hectares) in Washoe County

Extensive exploration programs 2009-2012

Sediment & brine geochemical studies, gravity geophysics & two phases of direct push drilling

Anomalous lithium values detected during brine sampling with the highest value of 80 mg/L

Gravity survey defined basinal depression proximal to the San Emidio anomaly

Gravity geophysical survey indicates earlier discovered near surface lithium brine anomaly on west side of basinal low. Proximity to feature of this nature & presence of lithium in brines are criteria necessary for formation of Silver Peak style lithium brine deposit.

The San Emidio property is in the exploration stage. No NI 43-101 technical report has been prepared in respect of the San Emidio property and no mineral resources may be inferred from the above cited results.

San Emidio Property


2,240 Acre San Emidio Project located 100 km northeast of Reno - home to Tesla's Gigafactory

Direct push drilling confirmed lithium in brines

Outlined a lithium-in-brine anomaly ~1 km wide, and > 5 km long,

As the case at Clayton Valley, lithium concentrations in brines at San Emidio reasonably expected to increase at depth.

Tesla GigaFactory

San Emidio

Clayton Valley-1 Property


Geologically significant property ~250 m from

Albemarle’s lithium property, the only brine based lithium producer in N.A.

Option to acquire 70% interest in 77 placer claims covering 1,540 acres (623 ha)

Clayton Valley-1 Property is located on NW side of the original Clayton Valley playa

NI 43-101 completed May 2016

Geologic & geophysical mapping documented in 2008

Indicates deep graben may represent separate sub-basin in Clayton Valley that holds brines not subject to pumping by production wells operated by Albemarle on the eastside of the main valley.

1,540 Acre Clayton Valley-1 Project to increase total Nevada lithium brine portfolio to 22,332 acres (9,038 ha)

Michael Kobler - CEO & Director Over the past 35 years, Michael Kobler has specialized in identifying, acquiring, developing and producing natural resource opportunities throughout the world as well as overseeing the design and construction of a number of infrastructure projects. He has served in a variety of roles for early stage companies including, Chairman, Chief Executive Officer, President, Technical Advisor, Engineer and Project Manager, and has been a founder and a major shareholder in a number of these ventures. Mr. Kobler has a strong record of success in the exploration, permitting and de-risking of resource projects. His expertise in identifying opportunities through detailed examination of all available information combined with his in-depth knowledge of permitting processes, including detailed environmental work, and dealing with issues related to water supply have positioned him for projects across North and South America.

Mr. Kobler has been involved with exploration and mine planning projects at El Pauji in Venezuela as well as mine planning and development projects for HW Mining at La Serena and El Teniente in Chile. In North America, he was involved in developing the mine at the Sacaton Shaft in Casa Grande, Arizona and helped develop the Amethyst Mine at Creede, Colorado for HW Mining. In 2005, Mr. Kobler was a Co-Founder and the original CEO of Osum Oil Sands Corp. (“Osum”) where he oversaw the analysis and acquisitions of the original oil sands leases that form the core of Osum’s projects at Cold Lake and the Saleski carbonates, both in Alberta. During his tenure with Osum, Mike oversaw the growth of the company from start-up to a valuation approaching $500 million; he also hired his successors to ensure the smooth transition of the Company to its next phase of growth and an equity value approaching $2 Billion.

Alan Abrams, B.Sc. - Director Mr. Abrams brings over 35 years of experience managing personnel, projects, and operations within the natural resources and infrastructure industries, both domestic and international. He has a proven history of creating management teams, establishing strategic alliances and joint venture partners, risk management, contractual negotiations, attentive budget management, and overall profitability. Mr. Abrams has managed over $1 billion of infrastructure construction including mass transit, hydroelectric, wastewater, and strategic defense as well as multiple mine development projects in North and South America. He has extensive experience in underground mining in Nevada including shaft sinking and mine development projects at the Newmont Leeville

Team – Company Builders



Con’t - Alan Abrams, B.Sc. - Director gold mine and the Pumpkin Hollow Shaft copper project where extensive drilling and grouting operations were performed to control groundwater inflows. He has also worked in several underground salt and dolomite mines including the Whiskey Island salt mine in Cleveland. He is currently President of Subterra Solutions, Inc., an international consulting firm and is Vice-President of the Underground Division for Atkinson Construction Company. Mr. Abrams holds a B.Sc. in Mining Engineering from the Montana College of Mineral Science and Technology.

Dana Brock, P.E., R.G., C.E.G. - Vice President Dana Brock is a field oriented Civil Engineer, Geologist and Engineering Geologist. For over 30 years, he has performed and directed investigations, designed facilities and supported large scale construction and remediation projects. His experience spans a broad range of projects in the U.S. and ten other countries, including facilities development for geothermal well fields (Calpine, Unocal Geothermal, Kiewit, CalEnergy, Coso Operators); exploration, drilling and resource management for low temperature and mineralized waters (Sonoma Mission Inn, City of Calistoga and 29 Palms, Crystal Geyser and Mendocino Mineral Water); private and municipal water supply, distribution, impoundment and disposal (Cities of San Francisco, Santa Rosa, and Burlingame, Kendall-Jackson Wines and DeLoach Wines); basin management and due diligence and technical support for legal issues involving geothermal and oil well fields, mineral prospects and underground construction (Deutsche Bank, Florida Power and Light, Mission Energy, Gordon & Rees and Los Angeles Metropolitan Transportation Authority).

Andrew Squires, B.Sc. - Director Mr. Squires brings over three decades of resource development experience in the energy and natural resources industries both domestic and international. In this time, he has established a proven history of success in creating strong management teams and helping grow new resource ventures into prosperous operations. His entrepreneurial spirit combined with his all-encompassing technical, operational, and financial knowledge on the logistics and complexity in this sector are the talents that have led to his success in helping create and monetize value in the resource development sector. Of recent note, Mr. Squires was part of the original executive team of Osum Oil Sands Corp., a successful junior oil sands company, in which he was instrumental in creating the team and helping raise over $1 Billion in private equity taking the company to commercial


Con’t - Andrew Squires, B.Sc - Director - production. Prior to starting Osum Oil Sands, Mr. Squires worked for his own

consulting firm providing services for clients including Exxon, Pemex, PetroCanada and Chevron. Mr. Squires' engineering and management skills were honed working for companies such as Dominion Exploration, Paramount Resources and Amoco. Mr. Squires is currently an executive advisor for Osum Oil Sands Corp., President of AXS Industries - a global energy investment advisory firm, a Senior Associate of Renown AMG (upstream energy asset management company), and is actively engaged in a number of start-ups and financings in the energy storage, oilfield equipment, and aerospace fields. Mr. Squires holds a B.Sc. in Mechanical Engineering from the University of Alberta.

Rounding out the Team

Dr. David H. Swan - Advisory Board Dr. Swan has more than 30 years’ professional experience in clean and efficient energy conversion and storage systems, specializing in the design and application of lithium battery technology for automotive and aerospace applications. Dr. Swan is internationally-recognized for his research, development and commercialization of advanced energy storage systems. He has consulted to all major global automotive and supplier companies including BMW, Toyota, Honda, Chrysler, Daimler, General Motors and Ballard Power Systems. In 2006, the California Air Resources Board (“CARB”) appointed Dr. Swan to its Zero Emission Vehicle (“ZEV”) Expert Review Panel where he conducted site visits, confidential technology evaluations and extensive interviews with all leading technology developers and every major automobile manufacturer. From 1995-2000, Dr. Swan held the position of Chief Scientist at AeroVironment Inc. (NASDAQ: AVAV), a Monrovia, California-based advanced technology company that designs, produces and supports electric transportation solutions as well as unmanned aircraft systems for the U.S. Department of Defense. Dr. Swan was responsible for all energy storage activities including development and testing of battery systems for electric and hybrid vehicles including all aspects of General Motors’ hybrid vehicle battery program, and development of fuel cell and hydrogen storage systems for AeroVironment’s solar-powered aircraft.

Dr. Swan was appointed to the Technical Committee of the U.S. government-industry R&D initiative, Partnership for New Genera- 7




Con’t Dr. David H. Swan - Advisory Board Of Vehicle, a cooperative research program between the U.S. Government and U.S. Council for Automotive Research (USCAR) comprised of DaimlerChrysler, Ford Motor Company and General Motors. He was also appointed to the California South Coast Air Quality Management District (AQMD) Locomotive Propulsion Task Force. Dr. Swan holds a Ph.D. in Engineering Mechanics from the Texas A&M University; a Master of Science in Engineering from the University of New Brunswick; and Bachelors’ degrees in Engineering, Science and Mathematics from Dalhousie University, Nova Scotia. Dr. Swan has been awarded 7 patents in his field with others pending, is the author of over 40 published papers on fluid mechanics, applied electrochemistry and electric vehicle technology, and has contributed to numerous text books.

Dr. John S. Oldow, Ph.D. - Technical Consultant Dr. Oldow, Director of the Ellison Miles Center for Geological Field Studies at the University of Texas, Dallas, was retained as Technical Consultant to the Company effective June 1, 2016. Dr. Oldow’s will advance his regional geophysical work in the Fish Lake Valley, to develop a geological model of the Company’s 18,552 acre lithium brine project. Dr. Oldow’s work includes geologic mapping and the application of structural and stratigraphic analysis, along with potential field geophysics, GPS geodesy and terrestrial laser scanning to advance understanding of regional tectonics. Dr. Oldow’s past geophysical work in Fish Lake Valley, including a detailed gravity survey which defined historical gravity lows in both the North and South Bowl Playas, as deep sub-basins, was instrumental in directing the acquisition of the Company’s South Bowl Playa property and optimizing our current 13 hole drill program in the North Bowl Playa.


Investment Summary


World-class team with proven history in large-scale resource development in energy and natural resources industries both domestic and international

Lithium demand growth is compounded by tight supply conditions. Lithium carbonate price has risen from US$5,500 to trade at US$13,000 per tonne on the spot market over the past 3 years (Strachan Corp., April 2016)

Large acreage position over 22,330 acres in highly prospective lithium-brine basins - continuing aggressive acquisition strategy

Q2 2016 completed Fish Lake Valley acquisition strategy at 18,550 contiguous acres, the dominant claim holder in this large and well understood lithium brine basin.

Q2 2016 acquired 2,240 acre San Emidio property, located in north Nevada, next stage of strategy to diversify asset base by identifying & acquiring the best lithium properties in Nevada

Q3 2016 optioned 70% interest in 1,540 acre (623 ha) Clayton Valley-1 property

Fast, low cost, low risk exploration with plans to follow with inexpensive evaluation & pilot phases to prove resources

Investigating strategic financing opportunities with leading industry participants

Contact


Exchange: TSX Venture Exchange Symbol: Li Market: OTCQB Symbol: LiACF Exchange: Frankfurt Stock Exchange Symbol: 5LA A2AHEL: German Securities No. (WKN)

Michael Kobler CEO & Director American Lithium Corp. 3403-1011 West Cordova St. Vancouver, British Columbia, V6C 0B2 Tel. 778-379-4555 [email protected] www.americanlithiumcorp.com

San Emidio Property, Washoe County, Nevada

mailto:[email protected]

http://www.americanlithiumcorp.com/

American Lithium Investor Presentation July 2016

Investor Relations