Liberty One Announces Cancellation and Grant of Stock Options

VANCOUVER, BC (August 16, 2018) — Liberty One Lithium Corp. (“Liberty One” or the “Company”) (TSX.V: LBY) (OTCQB: LRTTF) (FRANKFURT: L1T), an exploration and development company focused on the acquisition and recovery of high grade lithium brine deposits, is pleased to announce that certain officers, directors, and consultants have agreed to cancel an aggregate of 4,200,000 stock options that were outstanding prior to August 15, 2016. The stock options were voluntarily surrendered by the holders for no consideration.

The Company has also granted a total of 1,000,000 stock options under its 10% rolling stock option plan to certain officers, directors and consultants to the Company.  The options vest at the date of grant, are exercisable at a price of $0.15 per share and will expire on August 16, 2023.  None of the options were granted to individuals included in the above cancellation.

For further information about Liberty One Lithium Corp., please visit www.libertyonelithium.com or view the Company’s filings at www.SEDAR.com.

ON BEHALF OF THE BOARD OF DIRECTORS

/s/ Brad Nichol

Brad Nichol
President & CEO

About Liberty One Lithium (TSX.V: LBY) (OTCQB: LRTTF) (FRRANKFURT: L1T)

Liberty One Lithium Corp. is an exploration company focused on the acquisition and development of high grade lithium brine deposits. The Company seeks regions ideally situated for lithium brine production via low-cost and well-proven evaporation methods, and are adjacent to substantive infrastructure and a skilled, experienced labour force. Liberty’s international team is comprised of recognized technical experts that have focused on lithium for decades. The Company is stringently managed with a critical eye on value-creative decision making, aimed at ensuring the Company is well-capitalized and consistently creating value for its shareholders.

Read more at: www.libertyonelithium.com/about-us/summary.

Cautionary Statement Regarding “Forward-Looking” Information

Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “anticipates,” “plans,” “expects,” “intends,” “is expected,” “potential,” “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may,” “could,” “should,” “would,” “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

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

CONTACT

Walter Spagnuolo
Invictus Investor Relations
Office: +1.604.343.8661
Email: [email protected]
Website: www.libertyonelithium.com