Mr. David Greenway reports

RECHARGE AND SPEY MUTUALLY TERMINATE OPTION AGREEMENT TO ACQUIRE THE POCITOS 1 LITHIUM PROJECT

Recharge Resources Ltd. has mutually terminated its option agreement with Spey Resources Corp. to acquire the Pocitos 1 project.

Recharge and Spey have entered in to a full and final mutual release, and terminated their agreement on the Pocitos 1 project in return for Spey refunding the company's $850,000 (U.S.) and return of 2.5 million shares of Recharge, which will be returned to treasury. As of this release, the $850,000 (U.S.) cash has been returned and the company awaits the return of its 2.5 million shares.

Qualified person

The scientific and technical content of this news release has been reviewed and approved by Phillip Thomas, BSc, Geol, MBM, FAusIMM, MAIG, MAIMVA (CMV), who is a qualified person for the purposes of National Instrument 43-101.

Technical report

Scientific and technical information relating to the Pocitos 1 property is supported by the technical report titled "Technical Report for the Pocitos Salar Lithium Concession 'Pocitos 1,' Salta Province, Argentina," dated June 30, 2023, and prepared by Phillip Thomas, FAusIMM, MAIG, MAIMVA (CMV), for Recharge Resources. Reference should be made to the full text of the technical report, which was prepared in accordance with NI 43-101 and is available electronically on SEDAR under Recharge's issuer profile, for a description of the company's data verification and quality assurance/quality control procedures.

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.