Mr. David Greenway reports

RECHARGE RESOURCES LTD. ANNOUNCES SHARE CONSOLIDATION

Following shareholder approval of a consolidation of the common shares of Recharge Resources Ltd. at the annual general and special meeting of shareholders of the company held on Aug. 16, 2022, Recharge Resources' issued and outstanding common shares will be consolidated on the basis one postconsolidation common share for two preconsolidation common shares.

As of the date of this news release, the Company has 69,321,948 Common Shares issued and outstanding. Following completion of the Consolidation, the Company is expected to have approximately 34,660,974 Common Shares issued and outsta nding. The Company's name and stock symbol will remain the same after the Consolidation but the Company's CUSIP and ISIN numbers will change.

No fractional Common Shares shall be issued in connection with the Consolidation. Where the Consolidation would otherwise result in a shareholder of the Company being entitled to a fractional Common Share, the number of post-Consolidation Common Shares issued to such shareholder shall be rounded up to the next greater whole number of Commons Shares if the fractional entitlement is equal to or greater than 0.5 and shall be rounded down to the next lesser whole number of Common Shares if the fractional entitlement is less than 0.5. In calculating such fractional interests, all Common Shares held by a beneficial holder shall be aggregated.

The Company will issue a further news release notifying shareholders as to when the effective date of the Consolidation will be and the date on which the Company's Common Shares will commence trading on the Canadian Securities Exchange on a consolidated basis.

About Recharge Resources

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.