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Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

TECPETROL ANNOUNCES BEST AND FINAL OFFER PRICE OF C$1.48 PER SHARE UNDER ITS OFFER TO ACQUIRE ALPHA LITHIUM CORPORATION FOLLOWING UNSUCCESSFUL DISCUSSIONS WITH MANAGEMENT, EXTENDS OFFER UNTIL 3 OCTOBER 2023, AND LOWERS MINIMUM TENDER CONDITION

PR Newswire - Fri Sep 22, 2023

TORONTO, Sept. 22, 2023 /PRNewswire/ -- Tecpetrol Investments S.L. ("Tecpetrol"), a member of the Techint Group, today announced that it has increased its all-cash offer (the "Offer") to acquire all of the issued and outstanding common shares of Alpha Lithium Corporation ("Alpha" or the "Company") to C$1.48 per share and has reduced the two-thirds minimum tender condition of the Offer to a majority of Alpha's outstanding shares. In addition, in order to provide shareholders with sufficient time to tender their shares to the enhanced Offer, Tecpetrol has extended the expiry time of the Offer to 5:00 p.m. (Vancouver time) on 3 October 2023.

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