Mr. Tyron Breytenbach reports

LITHIUM AFRICA CORP. ANNOUNCES UPSIZE IN PRIVATE PLACEMENT TO C$8.5M WITH LEAD ORDER FROM PURPOSE GLOBAL RESOURCE FUND

As a result of strong investor demand, Lithium Africa Corp. and ATB Cormark Capital Markets have agreed to increase the size of its previously announced best efforts private placement from aggregate gross proceeds of $5.0-million to aggregate gross proceeds of $8.5-million.

In connection with the offering, the company is pleased to announce that it has secured a lead order of approximately $3.3-million from Purpose Global Resource Fund.

The offering will consist of the issuance and sale of 4.25 million units of the company at a price of $2.00 per unit. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at an exercise price of $2.80 per warrant share for a period of three years following the closing of the offering.

The agent will have the option, exercisable in whole or in part at any time up to 48 hours prior to the closing of the offering, to sell an additional 750,000 units at the offering price for additional gross proceeds of $1.5-million.

As consideration for its services, the agent will receive a 7.0-per-cent cash commission on the gross proceeds of the offering and broker warrants equal to 7.0 per cent of the number of units sold under the offering. Each broker warrant shall entitle the holder thereof to acquire one common share at the offering price for a period of two years following the closing of the offering.

The net proceeds from the sale of the units will be used as partial consideration in connection with the acquisition of the Springbok project and for working capital and general corporate purposes. An overview of the Springbok project and the transaction terms are provided in the company's news release dated Feb. 25, 2026.

The offering is expected to close on or about March 18, 2026, or such other date as the company and the agent may mutually agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the TSX Venture Exchange.

The offering will be made way of private placement pursuant to applicable exemptions from the prospectus requirements in each of the provinces and territories of Canada and, in such other jurisdictions, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction.

About Lithium Africa Corp.

The company has an established 50/50 joint venture partnership with GFL International Co. Ltd. to jointly advance exploration in Africa (the LAF-GFL JV) and through the LAF-GFL JV, the company has an indirect 50-per-cent interest in a portfolio of exploration assets in hard rock pegmatite districts across a number of prospective African regions covering Ivory Coast, Guinea, Mali, Morocco and Zimbabwe.

We seek Safe Harbor.