American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt: 5LA1) (“ American Lithium” or the “ Company”) has been requested by OTC Markets Group Inc. (“ OTC Markets”) to comment on recent promotional activity concerning its common shares traded on the OTCQB. On January 12, 2021, OTC Markets sent the Company copies of articles by Promethean Marketing, Inc. (“ Promethean”) and Global Profit Systems, LLC (“ Global”). Promethean is a third-party marketing and advertising firm which was retained by the Company to provide content distribution and advertising services. While the Company did engage Promethean, it does not have any relationship with Global. The Company was not involved in the preparation of the articles published by Promethean or Global, nor did it have editorial control over the content of the articles, and only became aware of the articles on January 12, 2021, following notification by OTC Markets.