Mr. David Greenway reports

RECHARGE RESOURCES UPDATES INFORMATION CIRCULAR

Recharge Resources Ltd. has issued this press release to supplement certain disclosure in the company's management information circular dated June 21, 2023, sent to shareholders of the company prior to the annual general and special meeting of the shareholders being held on July 26, 2023.

The information circular requires the following additional disclosure for the company's annual and special meeting to be held as scheduled on July 26, 2023.

On July 13, 2011, the B.C. Securities Commission issued a notice of hearing alleging that the company's chief executive officer and director, David Greenway, contravened Section 57.2(2) of the Securities Act (British Columbia) by purchasing 68,500 shares of Global Uranium Corp. while being in a special relationship with Global and with knowledge of a material fact relating to Global that had not been generally disclosed. The purchases took place between March 31 and April 16, 2010.

The BCSC determined in its Feb. 22, 2012, decision that Mr. Greenway had inadvertently breached Section 57.2(2) of the Securities Act (B.C.). Accordingly, the BCSC issued the following sanction:

• Mr. Greenway was banned from trading securities of any issuer with which he is in a special relationship until the later of July 22, 2012, and until he paid a $19,177 administrative penalty.

The administrative penalty has been paid in full, and Mr. Greenway's trading ban has subsequently expired.

About Recharge Resources Ltd.

Recharge 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.