American Salars Lithium Inc. Announces Shareholder Approvals for Board Appointments and Private Placements

VANCOUVER, BC – November 13, 2026 – Leads & Copy – At American Salars Lithium Inc.'s annual general meeting (AGM) held on November 9, 2026, shareholders approved key resolutions, including setting the number of directors at three and appointing Nick Horsley, Rod Campbell, and Chris Cooper to the board. Baker Tilly WM LLP was appointed as the company's auditors for the fiscal year ending September 30, 2006, with directors authorized to fix their remuneration.

The meeting also saw disinterested shareholders approve one or more private placements totaling up to 10 million units. Each unit will consist of one common share and potentially one common share purchase warrant. Each whole warrant will grant the holder the right to acquire an additional common share. The Board of Directors retains the discretion to determine if a particular tranche will include no warrants, or a fractional warrant not exceeding one whole warrant per unit.

The price per unit and the exercise price, expiry date, and other terms of any warrants, including potential acceleration, will be determined by the Board, subject to the policies of the Canadian Securities Exchange (CSE).

A total of 2,125,531 common shares, representing 36.15% of the 5,879,723 issued and outstanding common shares as of the record date, were voted by proxy at the AGM.

American Salars Lithium is an exploration company focused on identifying and developing high-value battery metals projects, aiming to support the growing demand from the electric vehicle market.

Source: AMERICAN SALARS LITHIUM INC.