Kamloops, British Columbia: Advance Lithium Corp. (TSXV: AALI) (“Advance Lithium” or “the Company”) is pleased to announce that it has filed documents with the TSX Venture Exchange to close its previously announced private placement financing (see August 10, 2022 and September 8, 2022 news releases). Subject to the receipt of all regulatory approvals, the Company will issue 3,750,000 Units, each Unit consisting of 1 common share and 1 common share purchase warrant, each warrant being exercisable at $0.05 for 24 months, expiring October 5, 2024, for gross proceeds of $75,000. Proceeds from the financing will be used to advance the Lithium and Sarape projects and for general corporate purposes