Recharge Resources Ltd. announced that it has secured drill permits for two wells in the Pocitos 1 block and three wells in the Pocitos 2 block. Negotiations are being finalised with a driller to start the initial five well campaign. Applications have been made to the Ministerio de Produccion y Desarrollo Sustentable del Gobierno de Salta (Minister of Production and Sustainable Development) (the "MPSD") to drill a total of 6 wells in the Pocitos1 block of which two will be earmarked for production at 20-25cm diameter and a total of 4 wells in the Pocitos2 block of which two will be production diameter.

All ten wells will be drilled in HQ and then the selected production wells will be expanded in diameter and fitted with pumping equipment. The remaining wells will be used to monitor aquifer levels. The two wells for the Pocitos 1 block approved that were recently announced (January 2nd, 2024) at the Pocitos Lithium Brine Project (the "Project"), are located 10km from the Pocitos township in Salta Province, Argentina.

Ancillary preparations for food and housing are currently being arranged. The objective of this drill program will be to upgrade the recently announced NI 43-101 Inferred Mineral Resource Estimate ("MRE") by providing drill hole, porosity and permeability. Given the drill hole spacing, the Company's geologists will be targeting a proven and probable category as well as collecting pre-engineering pumping data in preparation for building a Ekosolve??

direct lithium extraction ("DLE") pilot plant and follow on full scale 20,000 tonne per year plant ("TPY") at the project. The recently announced MRE for the Pocitos LithiumBrine Project was prepared by WSP Australia Pty Ltd. ("WSP") and was estimated at 143,000 tonnes of in-situ lithium metal, and 13,000 tonnes lithium metal yield (using porosity estimates) which equates to a lithium carbonate equivalent ("LCE") of 760,000 tonnes and 69,000 tonnes respectively. The calculations assume no process losses.

In the latest pilot plant test at Ekosolve 94.9% of the lithium metal was extracted as lithium chloride and converted to battery grade lithium carbonate. The geophysics and block model prepared by WSP shows a sandy unit extending across Pocitos 1 that has higher porosity - refer Page 14-4 NI 43-101 Report "NI 43-101 technical Report- Pocitos I and II, Salta Province, Argentina".