First Lithium Minerals Corp. (CSE: FLM) (OTC Pink: FLMCF) (FSE: X28) is pleased to announce it has closed the second tranche of its non-brokered private placement financing as previously announced in its press release dated September 16, 2026. Any words capitalized but undefined herein shall have the meaning ascribed to such capitalized term in the Initial Press Release.

The second tranche closing of the LIFE Offering consisted of the issuance of an aggregate of: (i) 2,466,773 NFT Units at a price of $0.11 per NFT Unit. Each NFT Unit consists of (A) one Common Share and (B) one-half of one common share purchase warrant. Each whole Warrant will entitle the holder thereof to acquire one additional Common Share in the capital of the Company at a price of $0.18 for a period of three years from the closing of the Offering; and (ii) 2,173,333 FT Units at a price of $0.15 per FT Unit. Each FT Unit is comprised of (A) one Common Share of the Company that qualifies as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada); and (B) one-half of one Warrant.

The Company relied on the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions in connection with the distribution of the free trading 2,466,773 NFT Units and 2,173,333 FT Units under the second tranche of the LIFE Offering for gross proceeds of $597,345. The Company paid $23,908 in finder’s fees and issued 220,542 finder’s warrants in connection with this tranche of the LIFE Offering. Each Finders Warrant will be exercisable for one additional NFT Unit at a price of $0.11 for a period of three years from the closing of the first tranche of the LIFE Offering.

Concurrent with closing of the LIFE Offering, the Company closed a private placement of up to 7,680,363 units at a price of $0.11 per PP Unit for aggregate gross proceeds of $844,840. Each PP Unit consists of (A) one common share of the Company and (B) one-half of one common share purchase warrant of the Company. Each PP Warrant will be exercisable to acquire an additional Common Share at a price of $0.18 for a period of three years. The PP Shares, PP Warrants and any PP Warrant Shares issued upon exercise of the PP Warrants will be subject to a statutory hold period in Canada ending on the date that is four months plus one day from the closing of the Concurrent Private Placement.

The Company paid $33,387 in finder’s fees and issued 337,702 Finder’s Warrants in connection with the Concurrent Private Placement. Each Finders Warrant will be exercisable for one additional NFT Unit at a price of $0.11 for a period of three years from the closing of the first tranche of the LIFE Offering.

There is an offering document related to the Offering and the use by the Company of the Listed Issuer Financing Exemption that can be accessed under the Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s website: www.firstlithium.ca. Prospective investors should read this Offering Document before making an investment decision.

The Company intends to use the net proceeds of the LIFE Offering, as more specifically described in the Offering Document and for exploration activities, general corporate and working capital purposes.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About First Lithium

First Lithium Minerals is a Canadian mineral exploration and development company. The Company is exploring for lithium and alkali metals at its 100%-owned Ascotan Project comprised of approximately 1,775 ha of mineral exploration concessions at the Salar de Ascotan in the Antofagasta Region of northern Chile. Two property-wide geophysical surveys identified priority exploration drill targets for potential brine mineralization. The Company is currently planning its inaugural drilling program pending obtaining required permits, licences, and agreements. The Company is also exploring for gold and critical metals at its 100%-owned Lidstone Project comprised of 10,674 ha of mining claims in northwestern Ontario, Canada. Additional information about the Company is available on the Company’s website: www.firstlithium.ca.