Mr. Tyron Breytenbach reports

LITHIUM AFRICA CORP. COMPLETES THE FIRST PHASE OF THE ACQUISITION OF THE SPRINGBOK PROJECT

Further to Lithium Africa Corp.'s (formerly named Lombard Street Capital Corp.) news release on Feb. 25, 2026, the company has completed the first phase of the acquisition of Namli Exploration & Mining Pty. Ltd. The company has acquired 30 per cent of the issued and outstanding shares of Namli and is currently proceeding with the second phase of the acquisition. Namli owns the Springbok project, a large lithium project in South Africa, including a past-producing spodumene mine, a related ore stockpile and 1,675-square-kilometre land package.

In connection with the completion of the first phase of the acquisition, the company will issue to an arm's-length consultant as finder's fee 77,949 common shares of the company at a deemed price of $1.78 per finder share, which remains subject to TSX Venture Exchange approval. The remaining finder's fee of $100,000 (U.S.) will be paid in finder shares when the company completes the second phase of the acquisition. The finder shares are subject to a statutory hold period in Canada expiring four months and one day from the date of issuance.

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 LAR-GFL JV) and, through the LAR-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 South Africa, Ivory Coast, Guinea, Mali and Zimbabwe.

We seek Safe Harbor.