How Morella’s Nevada Lithium Portfolio Restructuring Could Unlock New Value

• Morella consolidates 100% ownership of Fish Lake Valley South and North Big Smoky projects
• Lithium Corporation retains FLV North claims and a 3.5% net smelter royalty on restructured assets
• Morella reduces near-term cash obligations by USD 250,000 and cuts annual holding costs
• Mutual rights of first refusal maintain cooperative framework between Morella and Lithium Corporation