19:50:45 EDT Thu 23 Apr 2026
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NOA Lithium Brines Inc
Symbol NOAL
Shares Issued 282,696,465
Close 2026-04-23 C$ 0.23
Market Cap C$ 65,020,187
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NOA Lithium contractor prepares for Rio Grande drilling

2026-04-23 16:53 ET - News Release

Mr. Gabriel Rubacha reports

NOA LITHIUM ANNOUNCES MOBILIZATION OF 2026 EXPLORATION DRILLING PROGRAM AT RIO GRANDE PROJECT

NOA Lithium Brines Inc.'s drilling contractor has commenced mobilization to site for the company's coming 2026 exploration drilling campaign at its flagship Rio Grande project in Salta province, Argentina. These drilling activities are part of the plan to complete a preliminary feasibility study (PFS) for the project by year-end 2026. Drilling operations are expected to commence in the next month. As part of this program, NOA is pleased to report that site preparation activities and site preparation activities are already under way to support the start of drilling on schedule.

NOA's chief executive officer, Gabriel Rubacha, stated: "This mobilization marks the start of a key phase of fieldwork at Rio Grande as we work toward the PFS. Our 2026 program is focused on collecting the data needed to refine our hydrogeological and resource models and to advance the project through the next stage of technical studies."

In this initial stage, the company plans to drill exploratory wells near diamond drill holes DDH-RG23-001 (Sulfa X) and DDH-RG23-004 (El Camino II). The program is designed to evaluate the hydraulic parameters of deep brine-bearing aquifers and to support continuing refinement of the hydrogeological and resource models as the project progresses toward more advanced technical and economic studies.

The drill program has been reviewed and approved by Montgomery & Associates, which is currently preparing the water balance of the project and will participate in the preparation of the PFS of the project.

About NOA Lithium Brines Inc.

NOA is a lithium exploration and development company formed to acquire assets with significant resource potential. All of NOA's projects are located in the heart of the prolific Lithium Triangle, in the mining-friendly province of Salta, Argentina, near a multitude of projects and operations owned by some of the largest players in the lithium industry. NOA has rapidly consolidated one of the largest lithium brine claim portfolios in this region that is not owned by a producing company, with key positions on three prospective salars, being Rio Grande, Arizaro and Salinas Grandes, and totalling over 140,000 hectares.

Qualified person

Michael Rosko, MSc, CPG, of E.L. Montgomery and Associates (M&A) is a registered geologist (CPG) in Arizona, California and Texas, a registered member of the Society for Mining, Metallurgy and Exploration, and a qualified person as defined by National Instrument 43-101. Mr. Rosko and hydrogeologists from M&A have been on site multiple times during the various phases of drilling and sampling operations and Mr. Rosko has extensive experience in salar environments and has been a qualified person on many lithium brine projects. Mr. Rosko and M&A are completely independent of NOA, as defined in and required by NI 43-101, and Mr. Rosko has reviewed and approved the content of this news release.

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