Arctic Fox Announces Mutual Termination Of Reverse Takeover Transaction With Makersoul

(TheNewswire)

VANCOUVER, BRITISH COLUMBIA (November 5 , 2025) – TheNewswire - Arctic Fox Lithium Corp.(CSE: AFX / FSE: O5K) (the “Company” ) ArcticFox Lithium Corp. (“ ArcticFox ” or, the “ Company ”) announced that it has mutually agreed to terminate itsnon-binding letter of intent (the “ LOI ”) regarding aproposed business combination (the “ Transaction ”)between the Company and MakerSoul (Hong Kong)Limited (“ MakerSoul ”) .

Each party will retain responsibility for its own costsand expenses incurred in connection with Transaction. The Company willrepay to MakerSoul the $25,000 bridge loan advanced by MakerSoul tothe Company in connection with the Transaction. The Parties haveentered into a mutual release relating to the Transaction.

Arctic Fox will continue to evaluate other strategicopportunities and will provide updates as appropriate.

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 (“PontaxNorth”) is located 12 km south of Allkem Ltd. (ASX/TSX:ALLKEM)(“Allkem”) James Bay Lithium Project and 12 km north of StriaLithium Inc.’s (CSE:SRA) Pontax Lithium Project, located in northernQuébec, approximately 130 km east of the Eastmain Cree Nation’scommunity.

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 to delays or uncertainties with regulatory approvals includingthat of the CSE, any approvals required at a meeting of shareholdersand the ability for the parties to enter close the Agreement andproceed with the closing of the Proposed Transaction, and that theAgreement contains conditions as substantially set out herein. Thereare uncertainties inherent in forward-looking information includingfactors beyond the Company’s control. There are no assurances thatthe business plans for Arctic Fox described in this news release willcome into effect on the terms or time frame described herein. TheCompany undertakes no obligation to update forward-looking informationif circumstances 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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