Neo Lithium Announces Acceleration of Expiry Date of Outstanding Warrants for Proceeds of up to C$15.6M

TORONTO, ON--(Marketwired - October 31, 2017) - Neo Lithium Corp. ("Neo Lithium" or the "Company") (TSX VENTURE: NLC) (OTCQX: NTTHF) is pleased to confirm that the Company has elected to accelerate the expiry date of 11,175,910 outstanding warrants (the "Warrants") issued in its private placement of units completed on February 22, 2017. Each Warrant may be exercised to acquire one common share of Neo Lithium (a "Common Share") at an exercise price of $1.40 (the "Exercise Price"), for gross proceeds to Neo Lithium of up to C$15.6 million if all Warrants are exercised. As at October 27, 2017 190,000 warrants have been exercised for gross proceeds to Neo Lithium of C$266,000.