Pursuing Global Lithium Assets to Meet Rising World Demand

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Disclaimer

The following information may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

All historical resource estimates were completed prior to the implementation of NI 43-101 and the Company has not done the work necessary to verify the classification of the resource or reserve, they should not be relied upon or considered a defined resource according to NI 43-101; Except for those properties where NI 43-101 have been completed.

The technical information in this corporate presentation has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43- 101 and reviewed on behalf of the company by Ross McElroy, P.Geol. Director and Technical Advisor for Advantage Lithium Corp., a qualified person.

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Advantage Lithium & Albermarle

Advantage Lithium JV Property

Albermarle Production

(Pumping Station)

Albermarle Drill Rig

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Lithium Demand to Triple over Ten Years*

• Estimated +500% battery consumption over next 10 yrs*

• EV (Electric Vehicle) production growing +45%/yr

• Energy Storage demand doubling each year

• Lithium demand currently outstripping supply by 15% of total supply

Lithium Demand to grow 300% over next decade*, led by massive increase in battery consumption

*Deutsche Bank, Lithium 101, May 2016

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Tesla to Drive US Lithium Demand"Tesla says it will produce more lithium ion batteries annually by 2020

than were produced worldwide in 2013."  (Bloomberg)

1. $5B Tesla Gigafactory 1 opened July 26, 2016

2. Could double world production of lithium-ion batteries by 2018

3. VW chasing Tesla: plans to invest £8bn in battery factory to support EV strategy

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Clayton Valley, Nevada: Home to N. America’s only Lithium Brine Mine

The town of Silverpeak and Albermarle’s Brine-based Lithium Mine (Source: Las Vegas Review Journal)

• Lithium brine mines typically have lower exploration and operating costs than hard rock mines

• Nevada ranked world #3 in 2015 for Mining Investment

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Water Rights Required for New Mines• Advantage Lithium JV and Albermarle have the only

water rights in Clayton Valley Basin• Nevada has over-appropriated water rights in Clayton

Valley

Albermarle lithium brine evaporation pool in Clayton Valley, Nevada

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Clayton NE: Drill-ReadySix hole program targeting Albermarle border

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Additional Projects in Clayton Valley & Lida Valley

Neptune Aquarius Jackson Wash Gemini• Drill Ready• Hole N-2016-1

intersected average 156 ppm Li over 215 ft

• Further drilling planned in 2016

• 6,320 acres located in southwest Clayton Valley Basin

• 1,660 acres in central Clayton Valley Basin

• Survey indicates conductive horizons (possible brine)

• Drill Ready• 3,320 acres,

30km SE of Clayton Valley

• Highly prospective basin similar to Clayton Valley basin

• Historically underexplored

• Drill Ready• 4,940 acres,

40km SE of Clayton Valley

• Surveys indicate deep basin with conductive zones interpreted to represent conductive brines at depth

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Award-winning Management & Tech Team

Dev Randhawa, MBA, CEO • Finance Monthly ‘Dealmaker of the

Year’, Northern Miner ‘Mining Person of the Year’

• Fission Uranium founding CEO and chairman, leading company to Tier 1 status

• Founder of Pacific Asia China Energy, sold for $34M

David Sidoo, President• Award-winning senior executive• Strong track record of taking

companies from start-up to successful sale, delivering substantial shareholder value

Ross McElroy, P. Geol., Director• PDAC 2014 Bill Dennis Award,

Northern Miner “Mining Person of the Year”

• President, COO and Chief Geologist for Fission Uranium, leading team to success with 2 major discoveries in 3 years

• Professional geologist with nearly 30 years of experience in mining industry

Doug Leishman, BSc. ARSM, Adv. Board Chair• Highly experienced with 30+ years in

the mining industry• Director of several successful resource

companies, including Fortress Minerals Corp., a Lundin Group company, and Terrane Resources Corp

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Share Structure and Proposed Financing

Advantage Lithium AAL.H

Shares Outstanding (current)

24,102,990

Market Cap $13.7M Cdn

Current Cash $750,000 Cdn

Proposed Raise $4.0M Cdn @ .25c / share

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ContactAdvantage Lithium

Nick Demare, CFO, Corporate Secretary 1305-1090 West Georgia Vancouver, British Columbia, Canada V6E 3V7 Phone: +1 (604) 685-9316 Fax +1 (604) 683-1585 ndemare@chasemgt.com

Dev Randhawa – dev@rdcapital.comDavid Sidoo – davidsidoo25@shaw.caMax Sali – baccaratinvestments@outlook.com 778-788-5584Rich Matthews – rmatthews@dccnet.com

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Appendix - LOI with Nevada Sunrise

Optioned Projects Claims Acres (aprox) Initial Option Second OptionJackson Wash 166 3,300 51% 70%Clayton Northeast 50 1,000 51% 70%Aquarius 247 4,940 51% 70%Gemini 316 6,320 50% 50%Neptune 83 1,660 50% 50%Total 862 17,220* Payment Schedule Detail on Page 10

• LOI signed June 20, 2016• Option to acquire Nevada Water Right Permit 44411• 5 Projects in Clayton Valley and Lida Valley region• Proximal to N. America’s only producing Lithium Brine Operation –

Albermarle’s Silver Peak Mine• Lithium brine production wells within 110m of Clayton Northeast

Property• Road and power access linking Vegas and Reno• Brine deposits typically lower OPEX than rock-hosted

Two-stage Earn-in

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LOI Payment Summary

*Issue North South Common Shares to Nevada Sunrise equal to 4.9% of the issued and outstanding shares of North South upon completion of North South equity financing

Paid

***In order to exercise the Water Rights Option, North South shall pay Nevada Sunrise an amount equal to the sum of share payments, cash payments (US$125,000), and pay legal and other costs associated with the permit incurred by Nevada Sunrise, and US$200,000 payable in cash or calculated value in shares at North South’s option.

** Upon completion of the Initial Option Consideration North South will have the option to either form a JV with Nevada Sunrise with respect to the Optioned Projects, or to proceed with the Second Option

Intial Option Consideration - 51% interest in the Optioned Projects (50% Gemini and Neptune) *Cash Payments (CDN$) Date/Term Total Payments (CDN$)

$100,000 LOI Execution $100,000$500,000 TSXV Approval (Effective Date) $600,000

Work Obligation (CDN$)$1,500,000 Within 24 months of Effective Date $1,500,000

Second Option Consideration - 70% in the Optioned Projects (50% Gemini and Neptune) **Work Obligation (CDN$) Date/Term Total Payments (CDN$)

$1,500,000 Within 24 months of Effective Date $1,500,000$800,000 Within 48 months of Effective Date $2,300,000

Water Option Consideration - 100% interest in the PermitPayments (US$) Date Total Payments (US$)

$325,000 *** see note $325,000$200,000 December 21, 2016 $525,000$150,000 December 21, 2016 $675,000$175,000 December 21, 2017 $850,000$200,000 December 21, 2018 $1,050,000$300,000 December 21, 2019 $1,350,000$350,000 December 21, 2020 $1,400,000

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Portfolio Map

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Jackson Wash: Drill ReadyProposed Drill Hole Locations

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Gemini – Drill ReadyDrill results confirming anomalous showings of lithium

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Neptune: Drill Ready, Lithium Confirmed Drill results confirming anomalous showings of lithium

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Aquarius – Clayton ValleyProposed Drill Hole Locations