Mr. David Greenway reports

RECHARGE TO COMMENCE 2023 EXPLORATION AT ITS 100% OWNED GEORGIA LAKE LITHIUM PROJECT, ONTARIO

Recharge Resources Ltd. will deploy a ground prospecting and exploration team on its 100-per-cent-owned Georgia Lake lithium project located in the Thunder Bay mining division of Ontario. The exploration team will be following up on high-priority targets, identified with data from the previously announced heliborne high-resolution magnetic survey completed in fourth quarter 2022 by Prospectair Geosurveys Inc. of Gatineau, Que.

The exploration and sampling program will be carried out over seven to 10 days and will include ground truthing, sampling and prospecting of several areas that were selected from the high-resolution magnetic survey data, as well as a till sampling program to further evaluate the property for their lithium potential. The program is expected to cost $56,000 and anticipated to commence in August, 2023, and include a report with an overview of the program and its results.

The 752-hectare property is immediately contiguous to Rock Tech Lithium Inc.'s Georgia Lake lithium property and located approximately 160 kilometres northeast of Thunder Bay, Ont., within the Thunder Bay mining division.

Chief executive officer David Greenway stated: "We were significantly encouraged by the results of airborne geophysical data at our Georgia Lake lithium project and are now excited to be sending a ground team in for a follow-up exploration program, along with upcoming drilling at the Pocitos 1 lithium brine project in Argentina to expand our lithium resource, 2023 is shaping up to be a very exciting year for our global portfolio of lithium assets."

On Oct. 20, 2022, Mercedes-Benz signed a supply agreement with Canadian-German Rock Tech to receive on average 10,000 tonnes of battery-grade lithium hydroxide per year. The deal, which comes shortly after the two groups said they would explore a strategic partnership, has a value over five years of 1.5 billion euros ($1.47-billion (U.S.)) and will provide enough lithium hydroxide for 150,000 cars a year, the companies said.

Further, Canada's federal government and the Province of Ontario announced on July 6, 2023, that they would together provide up to $15-billion in performance incentives for Stellantis NV and LG Energy Solution's (LGES) development of an electric-vehicle battery plant being built in Windsor.

Qualified person

Joerg Kleinboeck, PGeo, of JMK Exploration Consulting, independent of the company, and a qualified person as defined by National Instrument 43-101, has reviewed the technical information that forms the basis for portions of this news release, and has approved the disclosure herein.

Georgia Lake North and West -- lithium properties -- Ontario

The Georgia Lake North and West properties are located approximately 160 kilometres northeast of Thunder Bay, Ont., within the Thunder Bay mining division. Recharge's property is contiguous to the north and west boundaries of Rock Tech Lithium's Georgia Lake lithium property and consists of two claim blocks totalling 320 hectares and 432 hectares.

The Rock Tech Lithium Georgia Lake project is host to several spodumene-bearing pegmatite dikes. Lithium mineralization was discovered in 1955 and subsequently explored by several historic owners. Rock Tech's property hosts a National Instrument 43-101 mineral resource, as reported in Rock Tech's preliminary economic assessment filed on Rock Tech's SEDAR profile, with an effective date of March 15, 2021. The mineral resource is summarized in the attached table.

Management cautions that past results or discoveries on adjacent properties (for example, Rock Tech Lithium Georgia Lake project) may not necessarily be indicative to the presence of mineralization on the company's properties (for example, Georgia Lake).

About Recharge Resources Ltd.

Recharge Resources is a Canadian mineral exploration company focused on exploring and developing the production of high-value battery metals to create green, renewable energy to meet the demands of the advancing electric vehicle and fuel cell vehicle market.

We seek Safe Harbor.