Option Agreement

In August 2023, Vision Lithium signed an option agreement with Olympio Metals of West Perth, Australia whereas Olympio can acquire an undivided 100% interest in the Cadillac Lithium property over a one-year period (see press release).

Olympio Metals agrees to pay the following consideration to Vision Lithium for the acquisition of the Assets under the Option:

Upfront consideration of:

• C$500,000 in cash; and
• 10,000,000 fully paid ordinary shares of Olympio Metals to be paid and issued within 5 Business Days after the receipt of the approvals; and
• C$500,000 in cash to be paid within 30 days of the Approval Date.

The following amounts to be paid and/or expended before one year:

• C$500,000 in cash; and
• a further C$500,000 in cash (as further reimbursement for exploration expenditure incurred by Vision Lithium during the period of its ownership of the Property); and
• Olympio having incurred at least C$500,000 in Expenditures on the Property during the Option Period.