#1ATLAS LITHIUM Nasdaq: ATLX Lithium & Battery Metals to Power the Green Energy Revolution Presentation May 2023#2Forward-Looking Disclaimer ATLAS LITHIUM This presentation contains, or incorporates by reference, "forward-looking information" within the meaning of applicable U.S. securities legislation. Forward-looking information may include, but is not limited to, statements with respect to the future performance of Atlas Lithium Corporation and its subsidiaries (together, "Atlas Lithium" or the "Company"), the Company's mineral properties, the future price of lithium and other minerals, the mineralization of the Company's properties, results of exploration activities and studies, the realization of mineral resource estimates, exploration activities, costs and timing of the development of new deposits, the results of future exploration and drilling, management's skill and knowledge with respect to the exploration and development of mining properties in Brazil, the Company's ability to raise adequate financing; government regulation of mining operations and exploration operations, timing and receipt of approvals and licenses under mineral legislation, and environmental risks. Although Atlas Lithium has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward looking statements contained herein are made as of the date of this presentation. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Information in this presentation relating to other companies are from their sources believed to be reliable but that have not been independently verified by the Company. Note that sampling results are not necessarily representative of mineralization of a project. Readers are cautioned that these potential grades are conceptual in nature; there has been insufficient exploration by Atlas Lithium at its Minas Gerais Lithium Project to define a mineral resource or mineral reserve estimate. This presentation and any oral presentation accompanying it should not be considered as an offer or invitation to subscribe for or purchase any securities or as an inducement to make an offer or invitation with respect to any securities. Qualified Person's Statement Unless otherwise indicated, the scientific and technical information in this presentation has been reviewed and approved by Volodymir Myadzel, PhD, who is a Qualified Person for Lithium in accordance with Item 1300 of the U.S.'s Regulation S-K. Dr. Myadzel is the Sr. VP, Geology for Atlas Lithium. Nasdaq: ATLX | 2#3Atlas Lithium Rings Nasdaq Opening Bell February 24th, 2023 0.30% 08.82 33,153.91 Microsoft 70 MSFT 5.00 Nasdag100 <- 1.75% 447 $250.30 Nasdaq Composite NBCUniversal Nasdaq Nasdaq Nasdaq 100 0.70% +83.33 11,590.40 PEPSICO CMCSA Nasdaq100 4 1.33% PEP -0.50 $37.19 Nasdaq100 <▾ 0.68% -1.20 $175.11 NASDAQ100 AAPL Nasdaq100 <- 0.90% 1.50% -2.24 $147.16 +113.87 SBUX Nasdaq100 12,180.14 <▾ 1.22% -1.25 $102.25 Nasdaq NDAQ Nasdaq Listed amazon AMZN 2.33% Nasdaq100 T 2.23 $93.59 Nasdaq PRE-MARKET <- 1.21% -0.69 $56.51 PayPal Compos 0.70% +83.33 S&P 500 INDEX SP500 11,590.40 pl Neider 0.53% +21.27 NBCUniversal 4,012.32 PYPL ▼ 1.63% CMCSA 1.33% Nasdaq100 1.22 $73.96 Nasdaq100 -0.50 NG LL G ATLAS LITHIUM Nasdaq ATLX Nasdaq Listed ATLAS LITHIUM ATLAS LITU Nas $37.19 PayPal PYPL Nasdaq 100 Nasdaq ▼ 1.63% -1.22 $73.96 [S C Nasda 이#4Atlas Lithium Overview We are a mineral exploration company focused on lithium and other battery metals critical to powering the green energy revolution ATLAS LITHIUM • We own the largest hard-rock lithium mineral property portfolio in Brazil, spanning 304 km² • 10 drills operating; plan for 40,000-meter campaign in 3 of 64 mineral rights for lithium; drilling has intersected multiple lithium-bearing pegmatites ⚫ Anitta: 1.1-kilometer spodumene pegmatite being currently drilled, open along strike and at depth; top intersect grade = 4.40% Li₂O . Signed $65M Memorandum of Understanding with Mitsui & Co., Ltd. Approached by several other large, global enterprises seeking lithium supply Plans already in motion to mine and build/operate 100%-owned plant to annually produce 150,000 tons of lithium concentrate ⚫ Clean cap table with no formal debt, no convertible notes; only payables related to acquisition of mineral rights Nasdaq ATLX 4#5Minas Gerais Lithium Areas Atlas Lithium Corporation Areas ATLAS LITHIUM 010 20 Km Atlas Lithium Corporation 300 Km 1,300 Km Coordinate System OCS SIRGAS 2000 Datun SIRGAS 2000 Units Degree Sigma Lithium Corporation Drilling Areas - Atlas Lithium CBL - Companhia Brasileira de Litio Nasdaq: ATLX | 5#6Neighboring Site Sigma Lithium (Nasdaq: SGML) Sigma Lithium Resources • The most active lithium explorer in the region with a world-class lithium resource base (currently stands at -85MT of Li₂O contained within four separate deposits) • 27 mineral rights spread over 191 km² Our Minas Gerais Project • Several of our mineral rights are adjacent to Sigma Lithium's. Our Neves Area, currently under our first drilling campaign, is immediately adjacent to a Sigma Lithium mineral right • 57 mineral rights spread over 238 km² The details of projects near or adjacent to the Company's projects are set out for information purposes only and not a guarantee or an indication of the productivity or the geology of the Company's projects. ATLAS LITHIUM Nasdaq: ATLX | 6#7Comparables Hard-Rock Lithium Companies Company Lithium Properties 1 Revenues Sigma Lithium Resources Nasdaq: SGML 47,197 acres (Minas Gerais, Brazil) Piedmont Lithium Nasdaq: PLL Atlas Lithium Nasdaq: ATLX (1) Based on public company filings (2) As of May 3, 2023 (3) Based on OS of 9,604,809 as of April 21, 2023 ATLAS LITHIUM Market Cap 2 Production Started April, 2023 US $3.5 Billion 3,245 acres (North Carolina, U.S.) None US $1.0 Billion 58,774 acres (Minas Gerais, Brazil) 16,266 acres (Rio Grande do Norte & Paraiba, Brazil) None US $287 Million 3 Nasdaq: ATLX | 7#80 20 10 10 2015 50 Lithium Market Surging Demand = High Prices As a percentage of new car production, electric vehicles (EVs) are expected to increase ~35% from 2021 - 2030, driving continued lithium demand for EV batteries % 60 EV Share of New Car Production Widespread EV adoption lifts demand for lithium, creating a favorable market for future sales of lithium concentrate yielded from Atlas Lithium's projects Lithium Price Index 1 30 40 2020 2025 (1) Source: Benchmark Mineral Intelligence 2030 2035 2040 Rest of World Australia South Korea India Europe Japan China US Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 Jul-22 * Lithium Concentrate Spot Price as of March 24, 2023: $4,800/t Nasdaq: ATLX | 8 Sep-22 Nov-22 Jan-23 Mar-23 * ATLAS LITHIUM#9Lithium Supply Requirements Accelerating EV Deployment & Demand Trajectories . ATLAS LITHIUM Lithium Supply Requirements by Scenario2 Lithium demand is growing at the fastest pace among major minerals, largely reflecting the dramatic increase in EV deployment kt 1400 1200 o Automakers are increasing efforts to secure raw materials needed for making batteries as global demand for EVs rises 1000 800 o Lithium-ion batteries are attractive to EV manufacturers due to their lightweight nature, high density energy, and low cost 600 I 400 200 0 • ⚫ Recent legislation is pushing major economies toward adopting zero-emissions vehicles in just over a decade 2020 | 2030 STEPS SDS o California, New York, New Jersey, and the EU each moved to effectively ban new sales of fossil fuel cars by 20351 o Satisfying battery metals demand for new government-backed sustainability goals will require significant additional lithium supply 2040 2040 I 2030 STEPS = Stated Policies Scenario, an indication of where the energy system is heading based on a sector-by-sector analysis of today's policies and policy announcements SDS = Sustainable Development Scenario, indicating what would be required in a trajectory consistent with meeting the Paris Agreement goals (1) California Air Resources Board; New York State Office of the Governor; Reuters: EU Approves Effective Ban on New Fossil Fuel Cars From 2035 (2) IEA: The Role of Critical Minerals in Clean Energy Transitions Nasdaq: ATLX | 9#10Management Team Marc Fogassa Chairman & CEO • 10-yr experience as CEO of Atlas Lithium; previously was in U.S. venture capital for 8 yrs Fluent in Portuguese, the language of Brazil, where projects are located MIT, double-major undergraduate; Harvard MBA • Joel Monteiro, Esq. ESG Chief & VP, Admin & Ops Expert in advancing our projects with mining regulators and communities in Brazil Former Partner and Head of Business Law for mid-size Brazil-based law firm ATLAS LITHIUM • • Volodymyr Myadzel, PhD Sr. VP, Geology "Qualified Person" (Expert) in lithium under the SEC's Regulation SK 1300 for mining companies 23-yr experience in geological and economical modelling of deposits; 10-yrs in Brazil Gustavo Aguiar CFO & Treasurer 16-yr experience in finance/accounting Previously was Controller for Jaguar Mining ($160M mkt cap; profitable mines in Brazil) Fluent in English and Portuguese • Brian W. Bernier VP, Corporate Development 35-yr experience in investor relations and capital raising Experience with corporate finance transactions and equity analysts • Raimundo Almeida VP, Lithium Processing 12 years of experience in lithium processing and production of lithium concentrate, incl. Sigma Lithium and AMG Nasdaq: ATLX | 10#11Board of Directors • • • ATLAS LITHIUM Ambassador Roger Noriega Independent Director Stephen Petersen, CFA Independent Director Cassi Olson, Esq. Independent Director Marc Fogassa Chairman & CEO Nominated by President George W. Bush for Assistant Secretary of State; unanimously confirmed by the U.S. Senate. Former U.S. Ambassador to the Organization of American States (OAS) Founder and managing director of Visión Américas, global business advisors • • • 40-yr experience in capital markets and investment management 32-yr career at Fidelity serving as portfolio manager of multiple equity funds Managing director at Prior Wealth, $3B in assets under management • Extensive experience in global contracts and venture transactions • Attorney, Ellenoff Grossman & Schole LP • . • 10-yr experience as CEO of Atlas Lithium; previously was in U.S. venture capital for 8 yrs Fluent in Portuguese, the language of Brazil, where projects are located MIT, double-major undergraduate; Harvard MBA Nasdaq: ATLX | 11#12Minas Gerais Lithium Project • Our flagship Minas Gerais Lithium Project encompasses 57 mineral rights (238 km²) in and around the municipalities of Araçuaí and Itinga, a well-known district for lithium • Currently drilling 3 of our 64 mineral rights, the Neves Area, where 20 pegmatite outcrops have been identified thus far Drilling in some of these targets has yielded intersects of up to 4.40% Li₂O ■ Metallurgical Testwork at SGS-Geosol laboratory using HLS showed ability to concentrate our lithium samples to 7.22% Li₂O grade. On July 5th, 2022, the Brazilian President signed Decree No 11.120 (the "New Lithium Decree") allowing unrestricted trade of any products containing lithium. The decree modernizes and deregulates the entire lithium sector by eliminating the requirement to solicit quotas and export authorizations by the nuclear authority. ATLAS LITHIUM Nasdaq: ATLX | 12#1340,000-meter Drilling Campaign Planned 10 Active Diamond-Core Drills BATS ECU ATLAS LITHIUM Nasdaq: ATLX | 13#14Neves Project - Anitta Lithium Cores ATLAS LITHIUM Nasdaq: ATLX | 14#15188800 8114800 8116200 OPEN 8116800 160200 188800 180200 ANITTA PEGMATITE 1.15 Kilometers OPEN ☐☐ MINERALISATION TREND 180800 1 180800 OPEN LEGEND DRILL HOLES COMPLETED DRILL HOLES ONGOINNG DRILL HOLES PLANNED 181400 8114800 Nasdaq: ATLX | 15 8115200 181400 8116800 ATLAS LITHIUM#16Lithium Mineralization Highlights Drill Hole DHAB-11B DHAB-15 DHAB-21 DHAB-39B DHAB-41 DHAB-47 DHAB-57 DHAB-64 DHAB-68 DHAB-77 DHAB-85 Intercepts 1.57% Li₂O over 13.1m from 74.0m to 87.1m Includes: • 2.25% Li₂O over 4.0m from 76.7m to 80.8m 2.00% Li₂O over 3.1m from 84.0m to 87.1m 1.40% Li₂O over 15.0m from 60.5m to 75.5m Includes: 。 1.83% Li₂O over 5.0m from 66.5m to 71.5m 1.33% Li₂O over 8.8m from 50.0m to 58.8m 1.00% Li₂O over 9.1m from 107.4m to 116.6m 1.48% Li₂O over 9.0m from 119.2m to 128.2m 1.09% Li₂O over 22.2m from 83.0m to 105.2m Includes: 。 1.72% Li₂O over 4.0m from 94.0m to 98.0m 2.80% Li₂O over 9.87m from 54.18m to 64.05m 1.46% Li₂O over 13.0m from 92.2m to 105.2m 1.08% Li₂O over 10.6m from 119.5m to 130.1m 1.26% Li₂O over 11.0m from 132.1m to 143.1m Includes: • 2.09% Li₂O over 5.0m from 135.1m to 140.1m 1.36% Li₂O over 25.43m from 54.15m to 79.58m Includes: • 2.02% Li₂O over 6.5m from 54.15m to 60.15m 。 4.40% Li₂O over 0.55m from 60.15m to 60.70m • 1.89% Li₂O over 5.0m from 71.5m to 76.5m 1.08% Li₂O over 3.2m from 65.8m to 69.0m 1.46% Li₂O over 14.0m from 70.0m to 84.0m Includes: 。 2.04% Li₂O over 5.0m from 70.01m to 75.0m 1.18% Li₂O over 47.00m from 7.00m to 54.00m Includes: • 2.12% Li₂O over 7.0m from 13.0m to 20.0m • 2.23% Li₂O over 10.0m from 24.0m to 34.0m 1.39% Li₂O over 4.0m from 40.0m to 44.0m Drill Hole DHAB-104 Intersected 99.1m of ATLAS LITHIUM Fresh Spodumene *Assays Pending* Anitta Pegmatite ETW (Estimated True Width) includes segments of 21.2 m, 18.2 m and 17.3 m Nasdaq: ATLX | 16#17Metallurgical Testing Results by SGS Canada Representative Hard-rock Lithium Samples from Neves Project • • • The composite grade was 1.53% Li₂O, which occurred mainly as spodumene ATLAS LITHIUM HLS testwork determined that -9.5 mm would be the optimum crush size for feeding a DMS plant. (The HLS results at a crush size of -9.5 mm showed that 54% of the lithium in the feed was distributed in the SG 3.0 sink with a very high grade of 7.22% Li₂O) HLS projections were confirmed in a short continuous DMS pilot plant campaign DMS + magnetic separation on the 2nd pass DMS sinks produced a final spodumene concentrate grading of 6.04% Li₂O with only 0.53% Fe2O3 Lithium recovery rate was 70% • These strong results were achieved without the use of flotation technique Nasdaq: ATLX | 17#18Projects & Properties ATLAS LITHIUM Battery Metals Portfolio 100%-Owned Gold-Focused 28%-Owned Iron-Focused 45%-Owned Lithium (MG & RN/PB) 75,040 Acres (304 km²) Nickel 54,950 Acres (222 km²) Rare Earths 30,054 Acres (122 km²) Titanium 22,050 Acres (89 km²) Graphite 13,766 Acres (56 km²) 0 JUPITER GOLD OTCQB: JUPGF 25 221 APOLLO RESOURCES Private ATLAS LITHIUM Nasdaq: ATLX | 18#19ATLAS LITHIUM COLINAS DO SUL BRAZIL NIQUELÂNDIA . Nickel 222 km² prospective nickel – cobalt exploration rights in Goiás and Piauí states - • Early stage exploration properties staked along productive nickel trends • • Strategically located near or adjacent to past / currently producing nickel properties. Nickel laterite style mineralization Leached Laterite • Ni Enriched Zone • Ultramafic Bedrock • Shallow depth deposits amenable to open pit mining methods Products of tropical weathering and breakdown of magnesium and iron rich silicate minerals containing accessory nickel Oxidized and altered to Ni-enriched iron oxides and clays Flat tabular deposits 100's of meters long by several 10's of meters thick Lateritic Ni deposits represent a growing source of nickel accounting for 40% of current global nickel supply All Atlas' properties located in areas with established road access, infrastructure and public services MONTES CLAROS DE GOIÁS State of Goiás TERESINA State of Capitão Gervásio de Oliveira Piauí BRAZIL MINERALS Nickel-Cobalt I Properties BRAZIL BRAZIL MINERALS Nickel-Cobalt II Properties Nasdaq: ATLX | 19#20Nickel Goiás Properties Niquelandia District • Brazil's 'Nickel Capital' producing for the past with 40+ years • 76 km² (18,777 Acres) prospective land position covering northern extension of Niquelandia layered mafic-ultramafic complex • 3 approved exploration concessions near Anglo-American's Codemin mine plus 2 new applications next door to Votorantum's CNT mine property Barro Alto District • Located 75 km southwest of Niquelandia • 19 km² (4,725 Acres) exploration application situated directly along trend and adjoining Anglo-American's Barro Alto mine (112 Mt @ 1.54% Ni) Anglo-American reported to be actively exploring next door ATLAS' Nickel Properties Niquelândia 143808 Votorantu m CNT Mine Anglo-American Codemin Mine ATLAS LITHIUM Coordinate Syssam: GCS SIRGAS 2000 Datum SIRGAS 2000 Units: Degree 10 km Niquelândia town Barro Alto Legend: BMIX Mining Rights - Research Request Apoilo Mining Rights- Research Permit BMIX Mining Rights Research Permit ATLAS' Nickel Property Barro Alto town Anglo-American Barro Alto Mine Coordinate System GES SIRGAS 2000 Datum: SERGAS 2000 Und: Degree S 10 kum Goianésia town Legend: BMIX Mining Rights Research Request 00000 Nasdaq: ATLX | 20#21Strategic Investments Apollo Resources Corp. • . (acquired in 2020) Atlas Lithium owns 45% APOLLO RESOURCES A private company focused on iron projects in Brazil • Owns 57,665 acres of mineral rights for iron distributed in six projects Project located in the well-known Iron Quadrangle mining district is expected to begin operations in late 2023 Jupiter Gold Corp. 6 • . . (OTCQB: JUPGF) Atlas Lithium owns 28% 毎 JUPITER GOLD • Focused on the exploration of several highly promising gold areas in Brazil • Owns over 140,490 acres of mineral rights for gold distributed in seven projects Alpha Project located in the number one gold-producing region in Brazil Quartzite project with expected revenue in 2023 JUPITER GOLD ATLAS LITHIUM Nasdaq: ATLX | 21#22Apollo Resources 100%-Owned Iron Projects Project Name Location Mineral in Brazil (State) Area (Acres) Iron Quadrangle, Rio Piracicaba Iron Ore 641 Minas Gerais Iron Quadrangle, Barão de Cocais Iron Ore 363 Minas Gerais Iron Quadrangle, Itabira Iron Ore 3,792 Minas Gerais Alagoas Minas Norte Iron Ore Alagoas Iron Ore Minas Gerais 31,173 16,727 Mato Grosso do Sul Iron Ore Mato Grosso do Sul 4,969 Projects located in different iron ore provinces in Brazil, including three in the well-known "Iron Quadrangle" 57,665 APOLLO RESOURCES Highlights In Operational Licensing: Premier location next to Vale's iron mine. Technical Report Summary presents an estimate of 7.85M tons of iron ore resources. Raw iron ore is able to be concentrated to 64.2% iron (a premium product) using standard crushing and magnetic separation. Potential to produce premium product is highly important Exploration Stage: Geochemical surface sampling up to 62% of iron ore grade; excellent logistics; close to producing iron mines Exploration Stage: Geochemical surface sampling up to 53% of iron ore grade; excellent logistics; close to producing iron mines Exploration Stage: Historical prospector records indicate 55% iron oxide concentration; some of our properties are next to areas purchased by mining fund Appian for US$40M and developed into a large copper mine Exploration Stage: Known iron deposits in nearby areas; our areas show promising geophysical anomaly Exploration Stage: Large area with potential for a large project; located in a well-know iron ore district, the third in total production in Brazil One project de-risked and in operational licensing and strong pipeline of additional high-quality iron mineral rights Nasdaq: ATLX | 22#23Jupiter Gold 100%-Owned Projects Project Name Alpha Mineral Location in Brazil (State) Area (Acres) Highlights Gold Minas Gerais 28,167 Alta Floresta Gold Mato Grosso 24,610 Quartzite Quartzite Minas Gerais 233 5 € JUPITER GOLD Exploration Stage: Greenstone belt formation in an area known for artisanal gold. Gold mineralization reported by prior owner and verified by us in new trenching. Exploration Stage: Premier new gold mining district of Alta Floresta. Our area is located adjacent to a producing gold mine Pre-production: Four quartzite deposits identified in 2021 followed by drilling campaign. Potential to produce high-quality quartzite. Final mining permits obtained; open-pit quarry expected start in H2 2023 Exploration Stage: Well-known gold district where Kinross Gold has its largest gold mine in Brazil Exploration Stage: New gold frontier with large (> 1M oz) deposits Paracatu Gold Minas Gerais 733 Apuí Gold Amazonas 69,330 Crixás Gold Goiás 3,068 Exploration Stage: Indications of targets from artisanal mining Cavalcante Gold Goiás, Tocantins 4,771 Exploration Stage: Indications of targets from artisanal mining Brotas Bahia 9,578 Gold, Palladium, Platinum Projects located in several well-known gold jurisdictions in Brazil 140,490 Exploration Stage: Indications of targets from artisanal mining Strong pipeline of gold projects and potential for revenues from quartzite mining Nasdaq: ATLX | 23#24Contact Investor Relations Michael Kim or Brooks Hamilton MZ North America Main: 949-546-6326 [email protected] (833) 661-7900 atlas-lithium.com @Atlas_Lithium in LinkedIn ATLAS LITHIUM