Mr. Ian Stalker reports

BRADDA HEAD LITHIUM LTD ANNOUNCES CANCELLATION OF RE-PRICED OPTIONS & TSXV DELISTING

Further to the press release dated Sept. 3, 2024, pursuant to which Bradda Head Lithium Ltd. announced that it had, subject to receipt of necessary approvals from the TSX Venture Exchange and disinterested shareholder approval, reduced the exercise price of nine million outstanding share options. The TSX-V declined to provide the necessary approvals to the reduced share price of three cents as these were below the minimum permitted prices under TSX-V rules.

As a result, the company announces that it has, with the agreement of the applicable optionholders, cancelled the proposed repricing of the existing share options, and the original exercise prices of the existing share options remain unchanged.

Directors and persons discharging managerial responsibilities (PDMRs) whose existing share options will retain the original exercise prices are detailed in the attached table.

Director/PDMR     Options subject to cancelled repricing       Total options held

Ian Stalker                                    5,250,000               19,250,000
Joey Wilkins                                   1,500,000                2,500,000
Piotr Schabik                                    500,000                1,500,000

Bradda Head also announces that the ordinary shares of the company will be voluntarily delisted from the TSX-V on or about Oct. 24, 2024. Bradda Head determined to voluntarily delist from the TSX-V on the basis that the costs of maintaining the TSX-V listing exceed the benefits, given the low trading volumes of the Bradda Head ordinary shares on the TSX-V. The delisting will not affect Bradda Head's listing on the Alternative Investment Market, and its ordinary shares will continue to be listed on AIM under the symbol BHL.

About Bradda Head Lithium Ltd.

Bradda Head is a North America-focused lithium development group. The company currently has interests in a variety of projects, the most advanced of which are in central and western Arizona: the Basin project (Basin East project and the Basin West project) and the Wikieup project.

The Basin East project has a measured mineral resource of 20 million tonnes at an average grade of 929 parts per million lithium for a total of 99,000 tonnes lithium carbonate equivalent and an indicated mineral resource of 122 Mt at an average grade of 860 ppm Li and an inferred mineral resource of 499 Mt at an average grade of 810 ppm Li for a total of 2.81 Mt LCE. The group intends to continue to develop its three phase 1 projects in Arizona, whilst endeavouring to unlock value at its other prospective pegmatite and brine assets in Arizona, Nevada and Pennsylvania. All of Bradda Head's licences are held on a 100-per-cent equity basis and are in close proximity to the required infrastructure. Bradda Head is quoted on the AIM of the London Stock Exchange with the ticker of BHL and on the TSX Venture Exchange with a ticker of BHLI.

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