Dajin Signs Letter of Intent with HeliosX Corp.

NEWS RELEASE

DAJIN SIGNS LETTER OF INTENT WITH HELIOSX CORP.

Vancouver, BC - October 4, 2021 - Dajin Lithium Corp. ("Dajin") (TSXV: DJI) (OTCQB: DJIFF) (FSE: C2U1) announces the signing of a Letter of Intent with HeliosX Corp. (“HeliosX” or “the Company”) which outlines the initial framework of an amalgamation of both companies’ assets and liabilities. This business combination transaction will be subject to Dajin’s shareholders approval at it’s Annual General and Special Meeting to be held on October 29, 2021 and acceptance of the TSX Venture Exchange (please review Dajin’s AGM Information Circular to be posted on SEDAR shortly). All costs related to the completion of this merger will be the responsibility of HeliosX. HeliosX has been financially supporting Dajin, with nearly $250,000 of loans, so that Dajin’s Argentina and Nevada Lithium projects remain in good standing. It is anticipated that a Definitive Agreement will be executed within the near term once all due diligence has been completed by both parties and all necessary approvals have been received. Upon closing, the shareholders of HeliosX will receive 17,010,000 common shares of Dajin and HeliosX existing share purchase warrants will be converted to 10,080,000 share purchase warrants of Dajin exercisable at $0.75 per share until August 5, 2023.

Transaction Background:

HeliosX is a private ESG positive mineral exploration and mining technology company that holds 311,900 acres of Lithium brine exploration rights in Alberta. The company also has two consulting and licence agreements for high value metal extraction technologies. HeliosX believes there is an application of the technologies that could be used for Lithium brine extraction. The combined portfolio of HeliosX and Dajin’s exploration holdings in Nevada (USA), Jujuy (Argentina), and Alberta (Canada) would have over 550,000 acres of prospective Lithium brine exploration acreage.

HeliosX is focused on generating near term cash flow and is currently undertaking a feasibility study to utilize its extraction technology to construct a gold concentrates extraction facility in British Columbia. The processing facility will utilize US FDA environmentally friendly Iodine versus Cyanide, which have identical recovery rates for gold processing (independently verified). The company intends to be a leader in environmental technologies for the mining sector, to encourage Canadian mining operators to move away from Cyanide contamination processing to environmentally responsible iodine gold processing. HeliosX is currently in negotiations with one of the world’s largest gold concentrate traders to secure both feedstock and offtake arrangements.

The Company also intends to utilize its extraction technologies to extract high value metals for residual tailings associated with mining operations across Canada. The technology allows for enhanced extraction of contaminates to assist with tailings remediation while extracting any residual high value metals. The Company’s management team has significant experience partnering with First Nations, and plans to work with Treaty Nations for remediation programs on historical tailings deposits.

Christopher Brown, P.Eng, President and CEO of HeliosX commented, “HeliosX shareholders are unanimously behind this arrangement, as we believe the combined entity will enable acceleration of exploration activities in three primary Lithium brine jurisdictions of Alberta, Nevada and Argentina. As a combined entity, we see the potential to deliver near term revenue from environmentally friendly gold extraction technology, while modifying it for potential applications for Lithium brine processing. In addition, HeliosX proven successful history of partnering with First Nations for operations on treaty lands, will allow unprecedent access to new emerging regions of Lithium exploration.”

Brian Findlay, President and CEO of Dajin comments, “Myself and the Dajin Board of Directors are pleased that we have entered into a merger agreement with HeliosX Corp., a private company that holds mining extraction technology with great potential. The acquisition of HeliosX will provide Dajin shareholders with a unique opportunity to participate in an environmentally friendly extraction technology process whereby Iodine, instead of Cyanide, can be used for the extraction of gold and has potential applications for Lithium brine processing. We welcome Christopher Brown, P.Eng as well as his experienced tailings management and financial team to the Board of Dajin.”

About HeliosX:

HeliosX Corp. is a private ESG focused mineral exploration and mining technology company holding 311,900 acres of Lithium brine exploration rights in Alberta, Canada and two high value metal extraction Consulting and License agreements. One agreement is for the application of electrochemistry for a process to recover up to 98% of the residual high value metals from refractory mine tailings and a second agreement is for a patented chemistry technology that extracts valuable metals from conventional mine concentrates. HeliosX is currently undertaking a feasibility study for a gold concentrate extraction facility in British Columbia, details of which will be provided in the Management Information Circular to Dajin shareholders.

About Dajin Lithium:

Dajin Lithium Corp. is a Lithium exploration company with brine-based Lithium exploration projects located in Argentina and Nevada. Dajin has announced exceptional Lithium brine assay results from 25 shallow pits ranging from 281 mg/litre to 1,353 mg/litre, averaging 591 mg/litre on the Salinas Grandes salar in Jujuy province, Argentina (geochemical map). Dajin holds a 49% Joint Venture interest in 230,000 acres in Jujuy province with Litica Resources S.A., an operating subsidiary of Pluspetrol Resources Corporation, a major international Argentinian oil and gas company.

In Nevada, Dajin holds a 100% interest in 403 placer mining claims covering 7,914 acres in the Teels Marsh valley of Mineral County, Nevada. Dajin has acquired the water rights in the Teels Marsh valley and has received all of the necessary permits for drilling, with engineered access roads and two large drill pads constructed. Dajin holds an earn-in agreement with Lone Mountain Resources LLC, an affiliate of Lilac Solutions, Inc., to earn a 75% interest in Dajin’s 100% owned Alkali Lake Lithium project located 7 miles from Albemarle’s Silver Peak Lithium brine operation in Clayton Valley, Esmeralda County, Nevada.

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) do not accept any responsibility for the adequacy or accuracy of this news release.

For further information: Please contact:

Brian Findlay Christopher Brown, P.Eng President & CEO – Dajin Lithium Corp. President & CEO - HeliosX Corp.

Telephone: (604) 681-6151 Telephone: (403) 616-9818 Email: [email protected] Email: [email protected]

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