Arctic Fox Announces Correction to Private Placement Terms

(TheNewswire)

VANCOUVER, BRITISH COLUMBIA – TheNewswire - November 14, 2025 –Arctic Fox Lithium Corp. (CSE: AFX / FSE: O5K) (the “Company” ) Arctic Fox Lithium Corp. (“ Arctic Fox ” or, the“ Company ”) wishes to clarify and correct the terms of thenon-brokered private placement previously announced on November 13,2025 (the “ OriginalAnnouncement ”).

In the Original Announcement, the Company disclosed itsintention to complete a private placement of up to 1,000,000 commonshares at a price of CAD$0.10 per share. The Company wishes to advisethat the disclosure was made in error. The Company now intends tocomplete a non-brokered private placement of up to 1,500,000 units(each, a “ Unit ”) at a price of CAD$0.10 per Unit for gross proceeds of upto CAD$150,000 (the “ PrivatePlacement ”).

Each Unit will consist of one common share (a“ Share ”) and one common share purchase warrant (a “ Warrant ”). EachWarrant will entitle the holder to acquire one additional Share at aprice of CAD$0.12 per Share for a period of 24 months from the date ofissuance.

All other terms of the Private Placement remainunchanged from those disclosed in the Original Announcement. Allsecurities issued pursuant to the Private Placement will be subject toa hold period of four (4) months plus one (1) day in accordance withapplicable securities laws.

The closing of the Private Placement remains subject tocertain conditions, including, but not limited to, the receipt of allnecessary regulatory and other approvals.

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 Company undertakes no obligation to updateforward-looking information if circumstances or management’sestimates or opinions should change except as required by law. Thereader is cautioned not to place undue reliance on forward-lookingstatements. Additional information identifying risks and uncertaintiesthat could affect financial results is contained in the Company’sfilings with Canadian securities regulators which are available at www.sedarplus.ca

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