Mr. Thomas Benson reports

LITHIUM AFRICA ANNOUNCES JAMES CHABATA AS CHIEF FINANCIAL OFFICER

Lithium Africa Corp. has appointed James Chabata, CPA, FCCA, as chief financial officer, effective Oct. 1, 2026, subject to regulatory approvals.

Mr. Chabata succeeds Jamie Robinson, who will step down as chief financial officer following a successful tenure in which he helped establish the company's financial foundations. Mr. Robinson has served as Lithium Africa's chief financial officer since June, 2022, and provided integral financial leadership to the company through its go-public transaction and listing on the TSX Venture Exchange in February, 2026. Mr. Robinson will remain with the company until the end of 2026 and will work closely with Mr. Chabata to ensure a seamless transition of responsibilities.

Thomas R. Benson, PhD, chief executive officer and director of Lithium Africa, commented: "James has built finance functions in the locations where we operate -- through construction and into production at the Goulamina lithium mine in Mali, and for a Canadian-listed developer in Cote d'Ivoire. He knows Ohada, IFRS and joint venture accounting, and brings on the ground cost control expertise. I also want to sincerely thank Jamie Robinson for his years of dedication, building the company's strong financial foundations and taking it public."

Mr. Chabata added: "Lithium Africa has assembled a rare position -- a permitted spodumene asset in South Africa, drill-ready projects across West and Southern Africa, and a 50/50 partnership with Ganfeng. My job is to build the financial platform that enables this business to grow: rigorous capital allocation, controls and reporting that scale with new jurisdictions, and a finance function that keeps pace with the drill bit. Growth should be funded by performance, not dilution."

About James Chabata

Mr. Chabata brings more than 15 years of finance leadership across African mining, with operating experience in Mali, Mauritania, Ivory Coast, Senegal, Zimbabwe, South Africa and Mauritius. He joins Lithium Africa from Montage Gold Corp., where he has built the in-country finance function for the Kone project in Ivory Coast since October, 2024. Previously, as finance and administration manager at Leo Lithium Ltd., he helped deliver the Goulamina lithium project in Mali through construction and into operational readiness -- establishing in-country tax structuring, banking arrangements, dual IFRS and Ohada reporting, and the project's internal control framework -- and was retained through Goulamina's sale to Ganfeng Lithium Group Co. Ltd. to support the ownership transition.

Earlier roles include B2Gold Corp. in Mali, First Quantum Minerals in Mauritania, Resolute Mining in Mali and Teranga Gold Corp. in Senegal, with a career beginning in audit at BDO in South Africa. Mr. Chabata is a chartered professional accountant in Canada and a fellow of the Association of Chartered Certified Accountants in the United Kingdom and holds an honours degree in accounting from the University of Zimbabwe.

About Lithium Africa Corp.

Lithium Africa is a capital-efficient lithium exploration and consolidation company assembling a portfolio of hardrock lithium assets across Africa. Through its 50/50 joint venture with GFL International Co. Ltd., a subsidiary of Ganfeng Lithium Group, the company holds an indirect 50-per-cent interest in lithium exploration projects in Ivory Coast, Guinea, Zimbabwe and Mali. In addition, the company is acquiring a majority interest in the Springbok project in South Africa, which is held outside of the joint venture.

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