Mr. David Greenway reports

RECHARGE RESOURCES RECEIVES EXCELLENT CORE POROSITY RESULTS FOR POCITOS ONE LITHIUM BRINE PROJECT

Recharge Resources Ltd. has received very favourable porosity and permeability results from the core analysis conducted by Core Laboratories in Australia from its lithium brine project, Pocitos 1, in Salta, Argentina. The results will be input into the resource estimate calculations currently being prepared by WSP Australia as announced on July 24, 2023.

In addition the core from 2018 holes PO1 and PO2 are being relogged by Recharge's geologists.

The value of effective porosity over 5 per cent is acceptable and higher than 10 per cent is exceptional at these depths and shows the sediments are not compacted at depth possibly containing a significant amount of brine (defined as porosity). Based on the porosity characteristics by depth, due to the presence of secondary pores, stratigraphic static pressure and other factors, porosity shows fluctuations with increasing depth.

Generally speaking Recharge will observe higher rates in bore holes than the laboratory. Additional work will be done using data and applying Darcy's law to determine the flow rate (also known as permeability) through the uncompacted sediments containing halite and fractures. The primary goal in pore assessment is to quantify these pores, not just in terms of shape and size, but how they contribute to the overall fabric of the wet clays and its ability to transmit lithium-bearing brines, and the bulk physical properties of the clay/halite sediments. Given the results and extreme flow rates from drill holes 1, 2 and 3 at Pocitos, Recharge looks forward to more positive results.

David Greenway, president and chief executive officer, commented: "I am excited to see things continue to develop positively for the Pocitos lithium brine project. We are pushing forward on all fronts with our inaugural NI 43-101, a completed MT geophysics survey, a pending drill program and a planned upcoming NI 43-101 resource estimate. The recently completed MT survey shows us exactly where the conductive brines containing lithium have been concentrating. These developments should make for an exciting next period for Recharge and its stakeholders at the Pocitos project."

About Pocitos lithium brine project

The Pocitos 1 project is located approximately 10 kilometres from the township of Pocitos where there is gas, electricity and accommodation. Pocitos 1 is approximately 800 hectares and is accessible by road. Collective exploration totals over $2-million (U.S.) developing the project, including surface sampling, trenching, TEM and MT geophysics, and drilling three wells that had outstanding brine flow results. Locations for immediate follow-up drilling have already been designed and identified for coming exploration.

Lithium values of 169 parts per million from drill hole three-packer test assayed from laboratory analysis conducted by Alex Stewart were recorded during the project's December, 2022, drill campaigns. A double packer sampling system in HQ diamond drill holes was drilled to a depth of up to 409 metres. The flow of brine was observed to continue for more than five hours. All holes had exceptional brine flow rates. A National Instrument 43-101 report has been released on the Pocitos 1 project.

Recharge is awaiting the completion of the process engineering work to be completed by Ekosolve Ltd. to produce and assay the lithium carbonate being produced, where extraction was above 94 per cent of the contained lithium in the brine, that is, 158.86 ppm of lithium would have been recovered from 169 ppm.

WSP Australia is waiting on the relogging of the cores to be completed before it delivers the company's maiden resource estimate at Pocitos 1 that will result in an update of the NI 43-101 report completed by qualified person Phillip Thomas in June, 2023.

Qualified person

Mr. Thomas, BSc, geology, MBusM, FAusIMM, MAIG, MAIMVA (CMV), a qualified person as defined under NI 43-101 regulations, has reviewed the technical information that forms the basis for portions of this news release, and has approved the disclosure herein.

Mr. Thomas is independent of the company and is not a shareholder of Recharge Resources. He visited the property between Jan. 15 and 22, 2023, and May 8, 2023, to select core to be sampled for resource estimate calculations.

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.