Mr. Stephen Rentschler reports

NEVADA LITHIUM ANNOUNCES PROPOSED EXTENSION OF WARRANT EXPIRY DATE

Subject to acceptance by the TSX Venture Exchange, Nevada Lithium Resources Inc. intends to amend the terms of an aggregate of 41,333,333 outstanding common share purchase warrants of the company by extending the expiry date of the warrants from July 7, 2026, to July 7, 2028.

The warrants were issued on July 7, 2023, upon the automatic conversion of 41,333,333 subscription receipts of the company issued under the company's previously announced non-brokered private placement of subscription receipts at a price of 15 cents per subscription receipt, which was announced by news release dated June 20, 2023. The subscription receipts converted into units of the company (each composed of one common share of the company and one warrant) upon satisfaction of the escrow release conditions, which occurred concurrently with the closing of the company's plan of arrangement with Iconic Minerals Ltd. as announced by news release dated July 10, 2023. Each warrant currently entitles the holder thereof to purchase one common share at an exercise price of 25 cents per share until July 7, 2026.

Other than the proposed extension of the expiry date, all other terms and conditions of the warrants will remain unchanged, including the exercise price of 25 cents per common share. The proposed amendment is subject to acceptance by the TSX-V, and there can be no assurance that such acceptance will be obtained. None of the warrants subject to the proposed amendment were issued to any agent, broker or finder as compensation for services.

About Nevada Lithium Resources Inc.

Nevada Lithium is a mineral exploration and development company focused on shareholder value creation through its core asset, the Bonnie Claire lithium project, located in Nye county, Nevada, where it holds a 100-per-cent interest. The company recently filed a preliminary economic assessment on the Bonnie Claire lithium project. The PEA has an effective date of March 31, 2025, and presents a $6,829-million after-tax net present value at an 8-per-cent discount rate, based on $24,000 per tonne Li2CO3 and $950 per tonne boric acid, together with a 32.3-per-cent after-tax internal rate of return. Results of the PEA were announced in the company's news release, dated Aug. 6, 2025. The PEA is preliminary in nature and includes inferred mineral resources that are too speculative geologically to be classified as mineral reserves. There is no certainty that the results of the PEA will be realized.

We seek Safe Harbor.