Recharge Metals Limited provided an update on the Company's diamond drilling activities at the Brandy Hill South Project located within the Archaean Gullewa Greenstone Belt in Western Australia. Two diamond drillholes have now been completed for a combined total of 843.8m. BHRCD027 and BHRCD028 are the first holes that Recharge has collared west of the Salt Creek Shear and were designed to test the modelled DHTEM conductor (BHD026-3).

Both holes intercepted a mafic-ultramafic complex, intruded by felsic porphyry, including extensive zones of massive, semi- massive to disseminated sulphides within holes BHRCD027 and BHRCD028 (refer to Figures 1 and 2). The zones of massive sulphides, blebby sulphides and disseminated sulphide mineralisation broadly coincided with the location of the position of the high-order conductor (~7,000 siemen) BHD026-3. RechargeWA currently completing the remaining three holes testing other DHTEM modelled conductors. Five (5) diamond holes were designed to test the two high-order conductors (2,400 siemens & 7,000 siemens) identified from drillhole BHD026 and other DHTEM conductors identified from drillhole BHRC017 (refer to ASX announcement "DHTEM Delineates Strong Conductors at Brandy Hill South" dated 14 July 2022).

BHRCD027 was completed to a depth of 450.5m. Preliminary observations of the drill core identified the following stratigraphic sequence; ultramafic lithologies (komatiitic basalts to dunites) to 368.9m, 368.9 to 395.82m - strongly pyrite-pyrrhotite-chalcopyrite mineralised felsic porphyry (the potential source of the DTEM anomaly),395.82 to 439.00m ­ well laminated to bedded tuffaceous sediments including BIF, and 439.0 to 450.50m - gabbro (End of Hole). All lithologies were variably foliated (weak to strong) and altered (K-metasomatised).

Mineralisation consisting dominantly of pyrite-pyrrhotite-chalcopyrite was also variable but the best host to mineralisation is logged as a felsic porphyry. Mineralisation is hosted by quartz stockwork veining as disseminations to blebby aggregates and veins. BHD028 was drilled to a depth of 393.3m.

Preliminary observations from the drill core identified following stratigraphic sequence, Mafic and ultramafic lithologies (komatiitic basalts to gabbro) to 163.8m, 163.38 to 167.80m - strongly pyrite-pyrrhotite-chalcopyrite mineralised massive sulphide167.80 to 393.3­ Mafic and ultramafic lithologies (gabbro, porphrytic basalts, and komatiite) (End of Hole). All lithologies were variably foliated (weak to strong) and altered (K-metasomatised and serpentinised). Mineralisation consisting dominantly of pyrite-pyrrhotite-chalcopyrite was also variable but the best host to mineralisation is logged as a quartz vein.

Mineralisation is hosted by quartz stockwork veining as disseminations to blebby aggregates and veins. A geological summary of the drillholes can be found in Tables 1.and 2 This information is based primarily on the visual inspection of the core. The core from BHRCD027 and BHRCD208 is yet to be assayed and analysed.

The presence of copper is supported by in-field readings taken using a portable x-ray fluorescence instrument (pXRF).