Advantage Lithium is exploring its Cauchari lithium project located in Jujuy Province, Argentina. Drilling in the project's southeast sector has returned high lithium grades, including 682 mg/l from one hole. Additional drilling is aimed at expanding the existing resource in the northwest and southeast areas. A resource estimate and scoping study are planned for early 2018 to evaluate development options for the project. Advantage holds a 75% interest in the Cauchari project through a joint venture with project neighbor Orocobre.

1. Creating The Next
Lithium Producer
ADVANTAGE LITHIUM CORP
INVESTOR DECK
FEBRUARY 2018
TSX-V: AAL
1

2. The Cauchari Inferred resource is estimated at 230 million
cubic metres of brine at 380 mg/l Li and 3,700 mg/l K
representing in situ contained content of 470,000 tonnes of
lithium carbonate equivalent (LCE) and 1.62 million tonnes
of potash (KCl), Murray Brooker et. al, December 2016.
All historical resource estimates were completed prior to
the implementation of NI 43-101 and the Company has not
done the work necessary to verify the classification of the
resource or reserve, they should not be relied upon or
considered a defined resource according to NI 43-101;
Except for those properties where NI 43-101 have been
completed.
The Cauchari exploration target has been estimated in NW
and SE sectors with a range of 125 to 1,855 million cubic
metres of brine at between 260 and 600mg/l lithium and
2,500 to 5,350mg/l potassium for the lower and upper
ranges respectively This represents an in situ range of
contained content of between 0.25 to 5.6mt of lithium
carbonate equivalent (LCE) and 0.9 to 19 mt of potash (KCl).
Disclaimer &
Technical
Information
TSX-V: AALADVANTAGE LITHIUM CORP
Exploration targets are not mineral resources. The potential
quantity and grade of the exploration target is conceptual
in nature, and there has been insufficient exploration to
define a Mineral Resource in the volume where the
Exploration Target is outlined. It is uncertain if further
exploration drilling will result in the determination of a
Mineral Resource in this volume.
The technical information in this corporate presentation
has been prepared in accordance with the Canadian
regulatory requirements set out in National Instrument 43-
101 and reviewed on behalf of the company by Murray
Brooker, MAIG, RPGEO. Technical Advisor for Advantage
Lithium Corp., a qualified person.
The following information may contain
forward-looking statements. Forward-
looking statements address future events
and conditions and therefore involve
inherent risks and uncertainties. Actual
results may differ materially from those
currently anticipated in such statements.
2

3. Recent Share Price &
Capital Structure
TSX-V: AALADVANTAGE LITHIUM CORP
Symbol TSX.V – AAL; OTCQX – AVL
Shares Outstanding * 140,749,896
52 Week Range C $ 0.36 – C $ 1.42
Share Price
(FEB 1, 2018)
C $ 1.22
Average Daily Volume ( JAN ) 1,102,272
Market Cap (USD) $ 139 million
Cash (USD) $ 10 million
Debt (USD) NIL
Enterprise Value (USD) $ 129 million
Largest Shareholders
Orocobre: 29%
Management / Insiders /
Associates: 22%
Institutional Shareholders
CIBC
Hauck & Aufhauser Banquiers
Lux
Delbrook Capital Advisors
Arrow Capital
Research Coverage
Eight Capital – David Talbot
Exploration Insights – Brent
Cook/ Joe Mazumdar
*Management and insiders voluntary 36 month lock up agreement into 2020
3

4. TSX-V: AALADVANTAGE LITHIUM CORP
Building a
Successful
Lithium
Producer
4

5. TSX-V: AALADVANTAGE LITHIUM CORP
Board of
Directors
DAVID SIDOO
BA, OBC, Director, CEO & President
NICK DEMARE
CPA, CA, Director & Chief Financial Officer
RICHARD SEVILLE
M.EngSc, MAusIMM, BSc, ARSM, Non-Exec
Director
RICK ANTHON
BA, LLB, FAIM, MAICD, Non-Exec Director
CALLUM GRANT
P. Eng., Director and Technical Advisor
MIGUEL PERAL
BSc, Director & VP Exploration
5

6. TSX-V: AALADVANTAGE LITHIUM CORP
Management /
Technical Team
DAVID SIDOO
BA, OBC, Director, CEO & President
NICK DEMARE
CPA, CA, Director & Chief Financial Officer
CALLUM GRANT
P. Eng., Director and Technical Advisor
MIGUEL PERAL
BSc, Director & VP Exploration
ANDY ROBB
BSc Mining, FAusIMM, VP Project Development
SILVIA RODRIGUEZ
Legal and Community Relations
MURRAY BROOKER
MSc (Geol), MSc (Hydrogeol), MAIG, RPGEO,
Technical Advisor
FRITS REIDEL
CPG, Technical Advisor, Independent QP
DOUG LEISHMAN
BSc(honors), ARSM, Advisory Board Chair
6

7. TSX-V: AALADVANTAGE LITHIUM CORP
Management
Team Highlights
DAVID SIDOO
BA, OBC, Director, CEO & President
▪ Strong track record of taking companies from start-up to successful sale, delivering substantial
shareholder value
▪ Founder and largest shareholder of American Oil & Gas (sold to Hess in all stock transaction valued
at $630M+
▪ Appointed to the Order of British Columbia in 2016, the provinces highest form of recognition
NICK DEMARE
CPA, CA, Director and CFO
▪ President of Chase Management Inc. since 1991, providing accounting, management, securities
regulatory compliance and corporate secretarial services to private and public-listed companies
▪ Currently serves as an officer and/or director of a number of public-listed companies.
▪ Holds a Bachelor of Commerce degree from the University of British Columbia and is a member in
good standing of the Institute of Chartered Accountants of British Columbia.
7

8. TSX-V: AALADVANTAGE LITHIUM CORP
Technical Team
Highlights
MIGUEL PERAL
BSc, Director, VP Exploration
▪ Professional geologist for more than 25 years with 10 years experience focused on Lithium Brine
deposits
▪ Involved with discovering multiple salars including Salar de Olaroz, which he saw to production as
part of the Orocobre’s executive team
▪ Nominated as one of the most outstanding geologist in Argentina in 2012 for his contributions to
the understanding of lithium brine deposits and copper porphyry systems in the region
ANDY ROBB
BSc Mining, FAusIMM, VP Project Development
▪ Andy is a professional engineer with over 40 years international experience with the last 5 years
focused on Lithium project development
▪ Former VP South America and Project Director for Enirigi’s Rincon project for 3 years
▪ Instrumental in the completion of the Rincon NI 43-101 FS technical report
▪ Under his leadership the Measured and Indicated resource increased significantly to 3.5 Mt LCE
▪ Andy will play a key role in 2018 through a scoping study and future engineering phases
8

9. TSX-V: AALADVANTAGE LITHIUM CORP
Technical Team
Highlights
MURRAY BROOKER
MSc (Geol), MSc (Hydrogeol), MAIG, RPGEO, Technical Advisor
▪ 20 years international experience as a consultant/ hydrogeologist
▪ 10 years focusing on lithium resource development
▪ Provided consulting services to Orocobre for the Salar de Olaroz, Salinas Grandes and Cauchari to
support NI 43-101 technical requirements
FRITS REIDEL
CPG, Technical Advisor, Independent QP
▪ Professional hydrogeologist with 23 years of extensive experience with brine and infrastructure
projects in the minerals industry in South America
▪ Principal of FloSolutions which does resource evaluation and feasibility studies including Salar de
Olaroz, Salar de Cauchari and Salar de Maricunga
CALLUM GRANT
P. Eng., Director and Technical Advisor
▪ Callum is a professional geologist/engineer with over 40 years experience and a broad perspective
of the minerals industry in Argentina
▪ Provided geology and engineering consulting services during the preparation of Enirgi’s Rincon
NI 43-101 FS technical report
▪ Managed numerous scoping, pre-feasibility and definitive feasibility studies to NI 43101
9

10. Management Prior Success
TSX-V: AALADVANTAGE LITHIUM CORP
10

11. TSX-V: AALADVANTAGE LITHIUM CORP
Exploration
in the Heart of
the Lithium
Triangle
11

12. TSX-V: AALADVANTAGE LITHIUM CORP
Cauchari
Advantage /
Orocobre
Joint Venture
▪ Joint Venture is 75% Advantage
Lithium and 25% Orocobre
▪ JV governed by Shareholders
Agreement
▪ Leveraging Orocobre’s technical
expertise and government and
community relationships
▪ Permitted Program of 5 rotary holes
and 12 diamond drill holes to be
completed
▪ Drilled 5 rotary holes and 4 diamond
drill holes (CAU07 was both)
▪ Drill program aims to explore and
expand the existing resource both
laterally and to depth
▪ 2018 Q1 - Resource Estimate and
initiate a Scoping Study
▪ Optionality in Development
David Sidoo & Richard Seville
12

13. ▪ Cauchari JV
▪ Raised $20 million
▪ Acquired a Defined Resource
▪ Aggressive drill program underway
▪ Optionality for Development
▪ Low cost pathway to Production
▪ Leveraging off surrounding
infrastructure and significant
investments underway in this basin
▪ Senior Management & Technical
appointments: Andy Robb and Frits
Reidel
Events Since
March 2017
TSX-V: AALADVANTAGE LITHIUM CORP
MOVING FORWARD FAST
Clayton
Cauchari JV
SS Jujuy
Salta
Antofagasta
Port
CHILE ARGENTINA
BOLIVIA
Atacama
(SQM and
Albemarle)
Hombre
Muerto
(FMC)
13

14. TSX-V: AALADVANTAGE LITHIUM CORP
Cauchari
Drill Hole
and Section
Locations
14

15. TSX-V: AALADVANTAGE LITHIUM CORP
Cauchari:
Drill Results to
Date
HIGHLIGHTS
NW Target Drilling
SE Sector
▪ CAU10 brine grade 682 mg/l lithium from 50-340m in 48
hour pumping test
▪ CAU09 brine grade 662 mg/l lithium from 50-400m in
initial 2.5 hour pumping test
▪ CAU08 reached a target depth of 400m and pumping
test is imminent
▪ CAU11 reached target depth of 480m and well was
installed for imminent pump testing. Significant sandy
units intersected.
▪ Excellent pumping rates at 19 l/s at 515 mg/l
NW Sector
▪ CAU07 - Initial brine assays at 236m depth of 635 mg/l
lithium
▪ CAU07 - Within a significant thickness of sand, suggesting
very positive porosity and permeability conditions for
brine extraction
▪ CAU16 – Initial brine grade at 619 mg/l lithium from 169-
199m and final results averaging 529 mg/l lithium
▪ CAU15 – 407 mg/l Li from 102-234m in predominantly
sand units with clay intervals
15

16. TSX-V: AALADVANTAGE LITHIUM CORP
Cauchari
Joint Venture
EXPANDING THE
RESOURCE
1 NI 43-101 Technical Report – Updated Feasibility Study – March 2017
Source: NI 43 - 101 Technical Report Feasibility Study Resource estimation and lithium carbonate and
potash production at the Cauchari-Olaroz Salars, Jujuy province Argentina July 11, 2012
(2) See pg. 2
3 Average values as reported, in mg/l Lithium 16

17. TSX-V: AALADVANTAGE LITHIUM CORP
Cauchari:
Drill Results to
Date
SECTION A –
A’ CAHUCHARI
SOUTH EAST AREA
17

18. TSX-V: AALADVANTAGE LITHIUM CORP
Cauchari:
Drill Results to
Date
SECTION B –
B’ NORTH WEST
THROUGH SOUTH
EAST AREA
18

19. Cauchari: Drilling South East Sector
TSX-V: AALADVANTAGE LITHIUM CORP
Photo taken from CAU09 looking NE with a LAC/SQM drill in foreground and AAL CAU10 drill beyond (to the left).
AAL Drill
(CAU10)
LAC / SQM
Drill
AAL Drill
(CAU09)
19

20. Cauchari: SE Sector showing CAU11 flowing 19 l/s
TSX-V: AALADVANTAGE LITHIUM CORP
Photo taken from CAU11 in the SE Sector
20

21. TSX-V: AALADVANTAGE LITHIUM CORP
Cauchari:
2018 Work
Program
▪ Complete DD holes in NW/SE sectors
(CAU17,CAU18 and CAU12, CAU13, CAU14 respectively)
▪ Install monitoring wells and complete pumping tests
▪ Assess application of processing options e.g. Olaroz process
▪ Release new resource estimate and PEA/scoping study
▪ Complete Rotary and DD program for further definition of
deeper sands in NW and SE
▪ Complete 30 day pump tests to simulate production wells
▪ Release new reserve estimate and complete Ni 43-101 FS
▪ Complete drill program south of the Cauchari project
(outside SE and NW Sectors to test for unexplored brine)
▪ Initial exploration on the Guayatayoc, Incahuasi and
Antofalla projects
Phase 2 - Q1
Phase 3 Q2 - end 2018
Extension/Regional Exploration
21

22. Cauchari JV:
Accelerated
Development
Potential
TSX-V: AALADVANTAGE LITHIUM CORP
Q2, 2017 Q1, 2018 2018 H1, 2019
Drill program initiated
for resource estimate
Resource estimate and
initiate scoping study
Complete Scoping Study &
into PFS and FS
Permitted Project
Economic
Reserve
LITHIUM
22

23. TSX-V: AALADVANTAGE LITHIUM CORP
Summary
▪ Technical expertise and experienced JV production partner
▪ Well funded
▪ Several near-by exploration targets
▪ Proven management and capital raising
▪ Accessible secure location with good local support
▪ Current resource to grow based on results
POISED TO MEET
THE COMING LITHIUM
DEMAND
LITHIUM
ADVANTAGE
CAUCHARI
A HIGH QUALITY
SCALEABLE RESOURCE
23

24. ADVANTAGE LITHIUM CORP TSX-V: AAL
Advantage
Lithium
Millennial
Lithium
Lithium X Wealth
Minerals
Neo Lithium LSC
Lithium
Lithium Americas/
SQM
Price as of FEB
1, 2018
$1.22 $4.47 $2.48 $1.50 $1.90 $1.36 $8.23
Flagship Asset Cauchari/Olaroz,
Jujuy Province
75/25%
Pastos Grandes,
Salta Province
100%
Sal de Los Angeles,
Salta Province
100%
5 lithium
Properties,
Chile
100%
Tres
Quebradas,
Catamarca
Province
100%
Pastos
Grandes,
Salta
Province
100%
Cauchari/Olaroz
Jujuy Province
50/50%
Hectares 28,500 6,361 8,156 81,000 30,000 2,683 70,000
Average Brine
mg/l
Recent Drill
holes/
Resource
CAU10: 682 mg/l
CAU09: 662 mg/l
CAU07: 635 mg/l
CAU16: 619 mg/l
CAU15: 407 mg/l
43-101
resources of
2,131,000
tonnes LCE
Indicated @ 418
mg/l
Cash takeout offer
for $265 million
CAD for 1,037,000
tonnes LCE
Indicated +
1,007,000 inferred
$165 / tonne
(Dec 18, 2017)
N/A PEA based
on 35kt per
year in
2021
Total M&I:
716 mg/l @
714,242 LCE
SPG-02B:
511 mg/l
Phase 1 construction
started for production
starting in 2019.
11.8 mt LCE Resource
Estimate
Stage Drilling for
updated resource
underway
PEA Feasibility Study Acquired
land
PEA Resource
drilling
underway
Construction for 25kt
plant
Market Value
(USD)
$139m $259m $187 $124m $178m $155m $582m
Junior Lithium Brine Explorers/ Developers
24

25. Market Value of Junior Lithium Brine Explorers/ Developers
(USD)
ADVANTAGE LITHIUM CORP TSX-V: AAL
900m
800m
700m
600m
500m
400m
300m
200m
100m
25
Wealth Minerals Advantage Lithium LSC Lithium Neo Lithium Lithium X Millennial Lithium Lithium Americas

26. Community
Relationships
TSX-V: AALADVANTAGE LITHIUM CORP
ACTIVE ENGAGEMENT
▪ Well established community relations team who built successful local
relationships allowing Olaroz development
▪ Silvia Rodriguez - Community Relations
▪ Corporate manager of shared value of Orocobre group
▪ Lawyer/ Specialist in conflict resolution and mining law
▪ Masters degree in social anthropology
▪ Silvia has received numerous awards for her professional work in
mining activity in Argentina including, WOMEN HIGHLIGHTED IN
MINING (Argentina Mining 2012)
▪ Legal advisor to the network to combat poverty and vulnerable
children and she leads programs for young volunteers
▪ Listening to the voice of local communities regarding their concerns
about lithium development
▪ Working with government agencies to successfully obtain approvals for
drilling and other activities
26

27. CAU11
SE Sector
TSX-V: AALADVANTAGE LITHIUM CORP
Dylan Sidoo, Business Development/ IR (left) and David Sidoo, CEO (right)
27

28. CAU16
NW Sector
Argentina Site Visit
Nov 5-9 2017
TSX-V: AALADVANTAGE LITHIUM CORP
Murray Brooker, Far left kneeling, Miguel Peral, left, David Sidoo, Centre
back, Callum Grant, Centre (brochure), Andy Robb, far right 28

29. Teamwork
TSX-V: AALADVANTAGE LITHIUM CORP
29

30. TSX-V: AALADVANTAGE LITHIUM CORP
Contact
POISED TO MEET
THE COMING LITHIUM
DEMAND
David Sidoo
david@advantagelithium.com
Founder & CEO
Max Sali
max@advantagelithium.com
Corporate Development
Dylan Sidoo
dylan@advantagelithium.com
Business Development/ Investor Relations
Head Office
1305-1090 West Georgia, Vancouver, BC,
Canada V6E 3V7
Email: info@advantagelithium.com
Phone: +1 778 788 5584
Nick Demare, CFO, Corporate Secretary
ndemare@chasemgt.com
30