Vision Lithium Inc.

newsfilecorp.com · 10 Sep 2026

Vision Lithium Options Red Brook Property to Osisko Metals

Val-d'Or, Quebec--(Newsfile Corp. - September 10, 2026) - Vision Lithium Inc. (TSXV: VLI) (OTCQB: ABEPF) (FSE: 1AJ2) (the "Company" or "Vision Lithium") is pleased to announce that it has entered into an option agreement (the "Option Agreement") dated September 9, 2026 (the "Effective Date") with Osisko Metals Incorporated ("Osisko") pursuant to which the Company has granted Osisko the exclusive option (the "Option") to acquire a 100% undivided interest in 181 mineral claim units totalling approximately 3,982 hectares located in the province of New Brunswick, known as the Red Brook Property (the "Property"). To exercise the Option and acquire a 100% interest in the Property, Osisko must: (a) make the following cash payments to the Company: (i) $100,000 on the Effective Date; (ii) $100,000 on or before the first anniversary of the Effective Date; (iii) $100,000 on or before the second anniversary of the Effective Date; and (iv) $100,000 on or before the third anniversary of the Effective Date; (b) issue the following common shares in the capital of Osisko (the "Osisko Shares") to the Company: (i) 200,000 Osisko Shares within one month of the Effective Date; (ii) $250,000 in Osisko Shares on or before the first anniversary of the Effective Date; (iii) $250,000 in Osisko Shares on or before the second anniversary of the Effective Date; and (iv) $250,000 in Osisko Shares on or before the third anniversary of the Effective Date; (c) incur an aggregate of $600,000 in exploration work expenditures on the Property as follows: (i) $100,000 in exploration work expenditures on or before the first anniversary of the Effective Date; (ii) an additional $200,000 in exploration work expenditures on or before the second anniversary of the Effective Date; and (iii) an additional $300,000 in exploration work expenditures on or before the third anniversary of the Effective Date; and (d) enter into an assignment and assumption agreement with the Company to assume the existing 2.0% net smelter returns royalty in respect of the Property in favour of the royalty holders Prospect Or Corp. and 9248-7792 Québec Inc., one-half of which may be repurchased from the royalty holders for $1,000,000.