Mr. David Greenway reports

EKOSOLVE DELIVERS 99.89% GRADE LITHIUM CARBONATE FROM RECHARGE POCITOS 1 LITHIUM BRINE PROJECT

Recharge Resources Ltd.'s Ekosolve has achieved 99.89-per-cent purity on the first wash and 99.99-per-cent purity lithium carbonate (Li2CO3) using the Ekosolve lithium carbonate production system with brines from the Pocitos 1 lithium brine project located near Pocitos township in Salta province, Argentina. This far exceeds the purity requirement for battery-grade lithium and is the quality for pharmaceutical grade.

Recharge Resources brine from Pocitos 1 was used for a two-batch extraction, washing and stripping process and a one-litre strip liquor with extracted lithium was obtained. The strip liquor then underwent a seven-stage crystallization process to produce a lithium carbonate crystalline product. The majority of impurities, particularly calcium, potassium and sodium, were removed in the washing stage. Following that, lithium concentrations in strip liquor were concentrated in the two process cycles and the final lithium concentration in two-litre strip liquor after mixing the two batches of 500 milligrams was 3,204.43 milligrams/litre (mg/L).

The lithium percentage is accurate to plus/minus 0.005 per cent so the reduction in purity from the second wash to the third wash is a function of measurement accuracy. In the attached table it is evident the lithium content increased from 2,064 mg/L to 2,077 mg/L.

Ekosolve is able to produce battery-grade and pharmaceutical-grade lithium carbonate. Prof. Kathryn Mumford from the University of Melbourne commented, "Further improvement to the purity of lithium product obtained may be improved via a further systematic crystallization study."

Ekosolve has advised that it intends to build a bigger pilot plant in Melbourne soon and be able to process 100,000 L volumes of synthetic brine.

David Greenway, president and chief executive officer, commented: "Recharge Resources is thrilled to hit this major milestone from the Pocitos 1 project. Achieving an impressive 99.99-per-cent purity in lithium carbonate is huge for the company, thanks to the outstanding efforts of the Ekosolve team in Australia and the University of Melbourne. This achievement signifies a promising future for the project, with substantial upside potential. In the face of the ongoing lithium supply shortage and the growing electrification of the economy, we at Recharge Resources are genuinely excited to witness the continuous positive development of the Pocitos 1 project in Argentina.

"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. These developments should make for an exciting next period for Recharge and its stakeholders at the Pocitos lithium project."

Extraction efficiency 94.9 per cent

Ekosolve DLE (direct lithium extraction) technology pilot plant test work at University of Melbourne announced on June 23, 2023, achieved 94.9-per-cent extraction efficiency with brines at average lithium concentration of 86 parts per million lithium. While sampling of aquifers has been as high as 174 ppm with magnesium values from 758 to 2,521 mg/L the Ekosolve process was able to ignore the magnesium and produce a very high extraction of lithium.

Mr. Greenway elected chairman with new mandate to grow the Recharge team

Furthermore, the board has elected Mr. Greenway, the company's CEO and director, to chairman of the board and has added a mandate that Mr. Greenway identify personnel ideally suited with experience in developing resources. The board wishes to attract additional personnel that have the experience of taking established resources from the much anticipated resource estimate being prepared by WSP from indicated and inferred to proven, probable as well as stewarding the Pocitos 1 project through feasibility and permitting to the ultimate goal of constructing a 10,000-to-20,000-tonne-per-year Ekosolve direct lithium extraction (DLE) plant at the Pocitos 1 project.

WSP engagement for National Instrument 43-101 resource estimate

As announced on July 24, 2023, the company engaged WSP Australia Pt.y Ltd. to prepare an NI 43-101 resource estimate at Pocitos 1. WSP is a leading global consultancy with more than 67,000 professionals and consultants with expertise in hydrology and brine resource estimates. WSP will utilize information gathered from the NI 43-101 technical report dated June 30, 2023, completed by Panopus Pte. Ltd. and the May, 2023, MT (magnetotelluric) survey, 2018 TEM (transient electromagnetic) survey, drilling programs, core logs and core porosity data to prepare the resource estimate.

The company has completed relogging the 2018 core and interpretation of its porosity data and packer sample test depths. These data have been sent to WSP to complete the mineral resource estimate.

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 ppm from drill hole 3 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. An NI 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 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.

Market awareness

The company is pleased to announce that it has engaged Triomphe Holdings Ltd. (doing business as Capital Analytica) to provide a multifaceted promotional enhancement service. Capital Analytica is a Nanaimo, B.C.-based company.

Pursuant to the agreement, Capital Analytica has agreed to provide investor relations and communications services to the company in exchange for an aggregate amount of $60,000. The services will include continuing social media consultation regarding engagement and enhancement, social sentiment reporting, social engagement reporting, discussion forum monitoring and reporting, corporate video dissemination, and other related investor relations services. The term of the Capital Analytica agreement is for a period of three months beginning Oct. 15, 2023.

Capital Analytica and Recharge are not related parties and operate at arm's length. Neither Capital Analytica or its principals have any interest in the company's securities, directly or indirectly, or any right or intent to acquire such an interest.

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.