TECPETROL URGES ALPHA LITHIUM SHAREHOLDERS TO TENDER AS SOON AS POSSIBLE, FOLLOWING POSITIVE RECOMMENDATION BY THE ALPHA BOARD OF DIRECTORS AHEAD OF BID DEADLINE OF 3 OCTOBER 2023

TORONTO, Sept. 29, 2023 /PRNewswire/ -- On 28 September 2023, Alpha Lithium Corporation ("Alpha" or the "Company") announced that its Board of Directors, based upon the unanimous recommendation of the special committee of independent directors and a positive fairness opinion from PI Financial Corp., recommended that Alpha shareholders accept the enhanced offer from Tecpetrol Investments S.L. ("Tecpetrol") to acquire all of the issued and outstanding common shares of Alpha at a price of C$1.48 per share in cash (the "Offer"). Tecpetrol welcomes the Board's decision and urges Alpha shareholders to tender their Alpha shares immediately in order to crystallize a significant premium for their shares. All shares must be submitted in advance of 5:00 p.m. (Vancouver time) on 3 October 2023. We note that shareholders using a broker will have an earlier expiry and encourage shareholder to submit immediately.