LibertyStream Signs Term Sheet for Up to US$95 Million in Project Financing

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Proposed framework up to $95 million includes financing for Freedom 1 and Freedom 2 and additional financing for future LibertyStream sites

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DALLAS — LibertyStream Infrastructure Partners Inc. (TSXV: LIB | OTCQB: VLTLF | FSE: I2D) (“LibertyStream” or the “Company”) is pleased to announce that it has executed a non-binding term sheet with Endurance Finance Partners Ltd. (“Endurance”), as arranger, setting out the principal terms of a proposed financing framework of up to US$95 million.

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The proposed framework includes a delayed-draw senior secured construction credit facility to fund the construction of Freedom 1 and Freedom 2, together with a future-site financing framework under which Endurance would have the opportunity to provide additional financing for future LibertyStream sites for a full framework of up to US$95 million. Any future-site financing would be evaluated and approved on a site-by-site basis.

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The proposed credit facility would be drawn against independently certified construction milestones, bear interest at 12.25% per annum and mature five years following execution of the definitive agreements establishing the facility. The term sheet also includes fees, minimum-return protections and the issuance of such number of common share purchase warrants of LibertyStream equal to up to 10% in respect of the initial US$45 million credit facility for Freedom 1 and Freedom 2 upon initial funding. The warrants will be exercisable for a term of seven years following issuance. The final terms of the warrants, including the number of warrants to be issued to Endurance, will be determined in the definitive agreements establishing the facilities.

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Funding under the facilities remains subject to satisfactory confirmatory due diligence, internal investment and credit approvals, negotiation and execution of definitive agreements, the Company completing an investment commitment in such amount as may be agreed to between the Company and Endurance, execution of applicable project agreements receipt of all required corporate and regulatory approvals, and other customary funding and closing conditions.

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The Company and Endurance expect to use commercially reasonable efforts to enter into definitive agreements in respect of the proposed facilities within 45 days or such other date as may be agreed upon between the parties. There can be no assurance that any definitive agreements will be entered into or that the proposed facilities will be completed on the terms described, or at all.

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About Endurance Capital

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Endurance Capital is a direct lending firm that provides tailored credit solutions to growth companies and projects with proven technologies, visible commercial demand and substantial capital needs in the energy, infrastructure, industrial and sustainability sectors. www.endurance-capital.coAbout LibertyStream Infrastructure Partners LibertyStream is a lithium development and technology company aiming to be one of North America’s first commercial producers of lithium carbonate from oilfield brine. Our strategy is to generate value for shareholders by leveraging management’s hydrocarbon experience to deploy our proprietary DLE technology directly into existing oil and gas infrastructure, thereby reducing capital costs, lowering risks and supporting the world’s clean energy transition. We are committed to operating efficiently and with transparency across all areas of the business staying sharply focused on creating long-term, sustainable shareholder value. Investors and/or other interested parties may sign up for updates about the Company’s continued progress on its website: https://LibertyStream.com/.

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Forward-Looking Information

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This news release contains certain “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities laws, collectively referred to herein as “forward-looking information.” Forward-looking information includes statements other than statements of historical fact and may be identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “target,” “plan,” “forecast,” “may,” “will,” “would,” “could,” “schedule” and similar words or expressions.

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Forward-looking information in this news release includes, without limitation, statements regarding: the anticipated terms of the proposed facilities; the anticipated use of proceeds from the proposed facilities; the anticipated issuance of warrants to Endurance in connection with the proposed facilities; the completion of an investment commitment by the Company; the anticipated completion date of the proposed facilities; and the ability of the Company and Endurance to receive the requisite corporate and regulatory approvals in connection with the proposed facilities.

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Forward-looking information is based on assumptions considered reasonable by management as of the date of this news release, including assumptions regarding: the Company’s and Endurance’s ability to enter into definitive agreements establishing the facilities on the terms proposed herein or at all; that the Company will be able to satisfy all conditions precedent to entering into the proposed facilities; that the Company will be able to complete an investment commitment; that the funding under the proposed facilities will be used as anticipated; that the Company will issue warrants to Endurance in connection with the entering into the proposed facilities; and that the parties will obtain all requisite corporate and regulatory approvals for the proposed facilities on the anticipated terms and conditions set out in the term sheet or otherwise.

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Forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. Such risks include, without limitation: that the proposed facilities will not be provided on the terms and conditions set out in the term sheet or at all; that the Company will not be able to satisfy all conditions precedent in respect of the proposed facilities; if the proposed facilities are provided, the proceeds of the proposed facilities will be used other than as described herein; that the Company will not issue warrants to Endurance in connection with the proposed facilities; and that the parties will not obtain all requisite corporate and regulatory approvals for the proposed facilities on the anticipated terms and conditions set out in the term sheet or otherwise.