Rock Tech Lithium Inc.; Announces Private Placement

Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each full warrant will entitle the holder to purchase an additional common share of the Company at a price of $0.70 per share for a period of 36 months from the date of closing, subject to accelerated expiry in certain circumstances.

“We are making excellent progress with the permitting activities at our Georgia Lake lithium project,” said Martin Stephan, director and Chief Executive Officer of Rock Tech. “The proceeds of this private placement will be used for further work on the baseline studies and continued metallurgical and processing tests, demonstrating the suitability of our material for conversion into value-added lithium chemicals.”

Figure 1 – Rock Tech's Georgia Lake Lithium Project with 24/7/365 All-Weather Access:
https://www.globenewswire.com/NewsRoom/AttachmentNg/5c24f7ac-b458-47ab-bdfa-a4d165271f3d

A portion of the Offering may be completed pursuant to the British Columbia Securities Commission’s BC Instrument 45-534 – Exemption from Prospectus Requirement for Certain Trades to Existing Security Holders (the “Existing Security Holder Exemption”). Under the Existing Security Holder Exemption, existing shareholders resident in British Columbia may purchase up to $15,000 in Units from the Company without qualifying as an Accredited Investor (as that term is defined in National Instrument 45-106 – Prospectus Exemptions) or other prospectus exemption subject to the requirements of the instrument.

Similar exemptions exist in certain other jurisdictions. The Company has set December 19, 2019 as the record date for the purpose of determining shareholders entitled to participate in the Offering in reliance on the Existing Shareholder Exemption. Existing shareholders who wish to participate in the Offering should contact Brad Barnett, Chief Financial Officer of the Company, at the contact information set forth below.

In addition to conducting the Offering pursuant to the Existing Shareholder Exemption, the Offering will also be conducted pursuant to other available prospectus exemptions.

The proceeds of the Offering will be used for the further enhancement of the Company’s Georgia Lake lithium property and for general working capital purposes.

The closing of the Offering is subject to regulatory approval including that of the TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a four-month hold period.

On behalf of the Board of Directors,

"Martin Stephan"
Martin Stephan
Director, Chief Executive Officer

For further information, please contact:

Brad Barnett
Chief Financial Officer
Rock Tech Lithium Inc.
777 Hornby Street, Suite 600
Vancouver, B.C., V6Z 1S4
Telephone: (778) 358-5200
Facsimile: (604) 670-0033
Email: bbarnett@rocktechlithium.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward‐looking statements". Forward‐looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward‐looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward‐looking statements.