17:09:40 EDT Thu 16 Jul 2026
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NOA Lithium Brines Inc
Symbol NOAL
Shares Issued 282,923,315
Close 2026-07-15 C$ 0.235
Market Cap C$ 66,486,979
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NOA Lithium talks Rio Grande drilling program

2026-07-16 12:19 ET - News Release

Mr. Gabriel Rubacha reports

NOA LITHIUM PROVIDES UPDATE ON 2026 EXPLORATION DRILLING PROGRAM AT RIO GRANDE PROJECT

NOA Lithium Brines Inc. has provided an update on its 2026 exploration drilling program at its flagship Rio Grande project in Salta province, Argentina.

The company reports that both drilling rigs continue to operate in accordance with drilling plan. Well RT-RG26-PW001 has reached 254 metres, and well RT-RG26-PW002 has reached its planned exploratory borehole at a maximum depth of 504 metres. Borehole magnetic resonance (BMR) logging has been completed at well RT-RG26-PW002 and the production well has been designed. The company expects to provide further updates on these wells as drilling advances and results are compiled.

NOA's chief executive officer, Gabriel Rubacha, states: "We are pleased with the progress of our 2026 drilling program at Rio Grande, with both rigs continuing to operate in accordance with our plan. Reaching the planned depth at RT-RG26-PW002 and completing BMR logging are important steps toward finalizing the first production well and advancing the testing phase. We look forward to providing further updates as drilling and testing activities progress."

This current drilling program is designed to support evaluation of deep brine-bearing aquifers and continuing refinement of the project's hydrogeological and resource models, as NOA advances the project toward more advanced technical and economic studies.

About NOA Lithium Brines Inc.

NOA is a lithium exploration and development company formed to acquire assets with significant resource potential. All 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

David O'Connor PGeo, is the qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, and he has reviewed and approved the scientific and technical information in this news release.

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