Advantage Lithium Corp. (TSX-V: AAL) (OTCQX: AVLIF) is pleased to announce that it has closed its previously announced financing and has issued 15,585,956 common shares  for aggregate gross proceeds to Advantage Lithium of C$12,001,186. Jett Capital Advisors, LLC, pursuant to an agency agreement, will be paid a cash commission of 6% on a portion of the gross proceeds from the Private Placement.

Advantage Lithium is pleased to report that Orocobre Limited and an insider of the Corporation have  exercised  participation rights to maintain  pro rata ownership. Insiders have participated in this financing purchasing 15,176,956 shares for $ 11,686,256.

David Sidoo, CEO & Director of the Company, commented “We are pleased with the successful completion of this financing and the continued support from Orocobre and other existing shareholders. We have underpinned our shareholder base with the addition of a high-quality institutional investor. Advantage is now in a very strong cash position.”

About Advantage Lithium Corp.

Advantage Lithium Corp is focused on developing its 75% owned Cauchari lithium project, located in Jujuy, Argentina.  The Company also owns 100% interest in three additional lithium exploration properties in Argentina: Antofalla, Incahuasi, and Guayatayoc. The Company is headquartered in Vancouver, British Columbia