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*Advantage Lithium Corp. 
Listed Company 

TSX VENTURE COMPANIES

ADVANTAGE LITHIUM CORP. ("AAL")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Private Placement-Brokered
BULLETIN DATE: March 27, 2017
TSX Venture Tier 2 Company

TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation in connection with a purchase agreement among Advantage Lithium Corp. ("Advantage"), Orocobre Limited ("Orocobre") and Miguel Alberto Peral ("Peral"), to indirectly acquire an initial 50% interest, with an option to acquire a total of 75%, in Orocobre's Cauchari Project and a 100% interest in five lithium brine properties located in the northern provinces of Jujuy, Salta and Catamarca in Argentina's lithium triangle (the "Argentine Properties").
The acquisition of the Argentine Properties will occur by way of Advantage acquiring all of the issued and outstanding securities of South American Salars Minerals Pty. Ltd. which owns all of the issued and outstanding shares of South American Salars S.A. ("SAS"). Automatically upon closing of the transaction, SAS, entered into a joint venture agreement with an affiliate of Orocobre, whereby it will have an initial 50% interest, and may earn up to a 75% interest, in the Cauchari Project (the "JV Agreement"). To increase the interest in the Cauchari Project to 75% Advantage must incur exploration expenditures of $5.0M over three years or complete an NI 43-101 compliant feasibility study in respect of the Cauchari Project.
As consideration, Advantage issued 46,325,000 common shares and 2,550,000 warrants to Orocobre, each warrant being exercisable to acquire one common share at an exercise price of $1.00 per share for a period of two years (the "Consideration Warrants"). In addition, Advantage issued 8,175,000 common shares and 450,000 Consideration Warrants to Peral.
At closing Advantage paid a finder's fee to Robin Slaughter consisting of a cash payment of US$50,000 and 150,000 common shares.
For additional information please refer to Advantage's news releases dated November 23, 2016, December 22, 2016, January 24, 2017, February 8, 2017, February 17, 2017 and March 16, 2017.

Insider / Pro Group Participation: Nil.

Private Placement - Brokered

TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced November 23, 2016 and January 24, 2017:

Number of Shares: 26,667,000 shares

Purchase Price: $0.75 per share

Warrants: 13,333,498 share purchase warrants to purchase 13,333,498 shares

Warrant Exercise Price: $1.00 for a two year period

Number of Placees: 106 Placees

Insider / Pro Group Participation:

Insider=Y /
Name ProGroup=P # of Shares
William Marsh Y 33,333
David Sidoo Y 33,334
Nick DeMare Y 10,000

Aggregate Pro Group Involvement P 3,981,632
[17 Placees]

Agent's Fee: Eight Capital - $495,886.17 and 505,828 Agent's Compensation Warrants that are exercisable into units at $0.75 per unit for a 24 month period.

Canaccord Genuity - $495,886.17 and 505,828 Agent's Compensation Warrants that are exercisable into units at $0.75 per unit for a 24 month period.

Finders' Fee: Canaccord Genuity Corp. - $9,817.50 and 22,440 Finder's Compensation Warrants that are exercisable into units at $0.75 per unit for a 24 month period.

Haywood Securities Inc. - $21,026.25 and 48,060 Finder's Compensation Warrants that are exercisable into units at $0.75 per unit for a 24 month period.

Mackie Research Capital Corp. - $22,635.38 and 51,738 Finder's Compensation Warrants that are exercisable into units at $0.75 per unit for a 24 month period.

National Bank Financial - $15,881.25 and 36,300 Finder's Compensation Warrants that are exercisable into units at $0.75 per unit for a 24 month period.

Gerhard Merkel - $4,725.00 and 10,800 Finder's Compensation Warrants that are exercisable into units at $0.75 per unit for a 24 month period.

Mezzo Consulting Services S.A. (Frank Hogel) - $29,410.50 and 67,224 Finder's Compensation Warrants that are exercisable into units at $0.75 per unit for a 24 month period.
Sherman Dahl - $4,305.00 and 9,840 Finder's Compensation Warrants that are exercisable into units at $0.75 per unit for a 24 month period.

Max Sali - $46,383.75 and 106,020 Finder's Compensation Warrants that are exercisable into units at $0.75 per unit for a 24 month period.

Top Left Securities Ltd. (Brad Peech) - $52,605.00 and 120,240 Finder's Compensation Warrants that are exercisable into units at $0.75 per unit for a 24 month period.

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release dated February 17, 2017 announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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