Arctic Fox Announces Consolidation, Debt Settlement and Private Placement

(TheNewswire)

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VANCOUVER, BRITISH COLUMBIA – TheNewswire - (November 13, 2025) –Arctic Fox Lithium Corp. (CSE: AFX / FSE: O5K) (the “Company” ) Arctic Fox Lithium Corp. (“ Arctic Fox ” or, the“ Company ”) is pleased to announce that it will consolidate itsissued and outstanding common shares (the “ Shares ”) on thebasis of one (1) new common share for every ten (10) existing commonshares (the “ Consolidation ”).

The Company believes the Consolidation will helpposition the Company to appeal to a broader base of investors andenhance its capital markets profile. The Consolidation was approved bythe Board of Directors on November 10, 2025. The record date for theConsolidation has been set as November 18, 2025, with trading of thepost-consolidation shares expected to begin on or about November 182025, subject to final acceptance by the Canadian Securities Exchange(the “ CSE ”).

Following the Consolidation, the Company’s name andticker symbol will remain unchanged, while its new CUSIP and ISINnumbers will be 03967C207 and CA03967C2076, respectively. As of thedate of this news release, the Company has 70,467,381 common sharesissued and outstanding. Upon completion of the Consolidation, theCompany will have approximately 7,046,738 common shares outstanding,subject to rounding. No fractional shares will be issued; anyresulting fractional share will be rounded down to the nearest wholeshare. The exercise or conversion terms of all outstanding warrants,stock options, and other convertible securities will be proportionallyadjusted to reflect the Consolidation ratio. A letter of transmittalwill be provided to registered shareholders holding certificates ordirect registration statements (“ DRS ”) outlining theprocess for exchanging their pre-Consolidation shares forpost-Consolidation shares. Shareholders who hold their shares througha broker or other intermediary will have their accounts automaticallyupdated in accordance with the intermediary’s procedures.

Private Placement

The Company further announced its intention to completea non-brokered private placement of up to 1,000,000 common shares inthe capital of the Company (each a “ Share ”) at CAD$0.10per Share (on a post-Consolidation basis) for a target amount of up toCAD$100,000 (the “ PrivatePlacement ”). All shares issued pursuant to thePrivate Placement will be subject to a hold period of four (4) monthsplus one (1) day from the date of issuance and the resale rules ofapplicable securities legislation.

The closing of the Private Placement is subject tocertain conditions including, but not limited to, the receipt of allnecessary regulatory and other approvals. The Company may close theoffering in one or more tranches. Insider participation is notanticipated at this time. The proceeds from the Private Placement willbe general working capital. In connection with the Private Placement,the Company may pay finder’s fees to qualified nonrelated parties,in accordance with the policies of CSE.

Debt Settlement

The Company further announces it has entered into debtsettlement agreements (the “ Settlement Agreements ”) to settle outstanding debtsowed to certain arm’s length creditors (the “ Creditors ”)totaling an aggregate of CAD $ 349,935 (the “ Debt Settlement ”).Pursuant to the Settlement Agreements, the Company has agreed to issuean aggregate of 3,499,350 common shares (“ Shares ”) at a deemed price of CAD $0.10 per Share (on aconsolidated basis), subject to the approval of the CSE. The board ofdirectors of the Company determined that it is in the best interestsof the Company to complete the Debt Settlement in order to preservethe Company's cash for working capital.

About Arctic Fox Lithium Corp.

Arctic Fox Lithium Corp. is a junior mineralexploration company focused on the acquisition and development ofmineral properties containing battery, base and precious metals. TheCompany’s 2,756-hectare Pontax North Lithium Project(“ Pontax North ”) is located12 km south of Allkem Ltd. (ASX/TSX:ALLKEM) (“ Allkem ”) James BayLithium Project and 12 km north of Stria Lithium Inc.’s (CSE:SRA)Pontax Lithium Project, located in northern Québec, approximately 130km east of the Eastmain Cree Nation’s community.

For further information, please contact:

Harry Chew, President, CEO

Phone: (604) 689-2646

On behalf of the Board of Directors,

“Harry Chew”

Harry Chew

President & CEO

Arctic Fox Lithium Corp.

Twitter: https://twitter.com/arcticfoxLi

LinkedIn: https://www.linkedin.com/company/arcticfoxlithium

Facebook: https://www.facebook.com/arcticfoxlithium

Instagram: https://www.instagram.com/arcticfoxlithium

YouTube: https://www.youtube.com/@arcticfoxlithium

Neither the Canadian SecuritiesExchange nor its Regulation Services Provider (as that term is definedin the policies of the Canadian Securities Exchange) acceptsresponsibility for the adequacy or accuracy of this pressrelease.

Forward-LookingInformation: Except forstatements of historic fact this news release contains certain“forward-looking information” within the meaning of applicablesecurities law. Forward-looking information is frequentlycharacterized by words such as “plan” “expect” “project”“intend” “believe” “anticipate” “estimate” and othersimilar words or statements that certain events or conditions“may” or “will” occur. Forward-looking statements are based onthe opinions and estimates at the date the statements are made and aresubject to a variety of risks and uncertainties and other factors thatcould cause actual events or results to differ materially from thoseanticipated in the forward- looking statements including but notlimited the Consolidation, the Private Placement and the DebtSettlement. There are uncertainties inherent in forward-lookinginformation including factors beyond the Company’s control. Thereare no assurances that the business plans for Arctic Fox described inthis news release will come into effect on the terms or time framedescribed herein. The Companyundertakes no obligation to update forward-looking information ifcircumstances or management’s estimates or opinions should changeexcept as required by law. The reader is cautioned not to place unduereliance on forward-looking statements. Additional informationidentifying risks and uncertainties that could affect financialresults is contained in the Company’s filings with Canadiansecurities regulators which are available at www.sedarplus.ca

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